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Sunday, 04/24/2011 2:33:26 AM

Sunday, April 24, 2011 2:33:26 AM

Post# of 1076
The timing of Vitty’s post regarding the conversation with the CFO may be indicative to the company’s anticipation of a default of the GLMB agreement to provide cash for the rights to VoIP technologies held by SDGL.

VyseTECH Asia Sdn Bhd was a subsidiary of SDGL that was supposed to be sold off into a new company, via an asset sale between TREVENEX RESOURCES (OTCBB: TRVX) and SDGL.

This asset sale was supposed to form the new Global Media Tech Inc. (OTCBB: GLMB)

http://www.globalmobiletech.com/en/html/investrels/press/press_04-12-2010.pdf

Spokane, WA – April 12, 2010 – Trevenex Resources, Inc., (OTCBB: TRVX)announced today the appointment of a new Board of Directors and transition from a mining exploration company to a mobile Voice over Internet Protocol (“VoIP”) calls and mobile advertising enabler.

Vitty’s conversation with SDGL CFO Chee Hong is interesting after considering the 8-K filing of GLMB on 3/14/2011 announcing the termination of this agreement. Mr. Hong anticipated a major event with a PR before the end of Q2 2011.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7804074

Effective March 14, 2011, Global MobileTech, Inc. (“GMT”) and VyseTECH Asia Sdn Bhd (“VTA”) have mutually agreed to cancel the Marketing, Distribution and License Agreement without consideration or recourse by either party.

On September 14, 2010, Global MobileTech requested an extension for payment of the license fee to March 15, 2011 to enable GMT to focus on its efforts in developing the mobile advertising business in Asia and to allow GMT to have more time to select a suitable partner to implement the mobile VoIP communications and mobile advertising business in North America. VTA agreed to extend the deadline to pay the one time license fee of $500,000 to March 15, 2011.

Following the cancellation of the Marketing, Distribution and License Agreement, GMT will not be pursuing the mobile VoIP communications and mobile advertising business in North America. GMT will direct its efforts in the renewable energy business vis-à-vis the production of torrefied wood in the United States.


If the postponement of filings was due to the company’s anticipation of default on this agreement, there is a chance that the company has current information ready to be filed with the SEC to get current and off the greysheets.

If not, this will become f.k.a. SDGL and we all take a total loss.

IMO and FWIW.

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