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nodummy

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nodummy

Re: QuickDraw007 post# 9725

Thursday, 05/19/2011 8:01:50 PM

Thursday, May 19, 2011 8:01:50 PM

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GLER - "said affiliate" is L. B. Tim Co.

L.B. Tim Co. is the fake Korean company that they said back in January was going to buy a bunch of preferred shares for $100,000,000.

Of course the financing deal never closed and expired on April 23, 2011.

GLER put out a press release on May 13, 2011 saying they signed an extension with LB Tim Co allowing for more time to close the financing deal (until June 25, 2011), but they never filed an 8K for the extension - a big no no.


Read GLER's last 10Q report. They have no money and no revenues just lots and lots of debts.

http://www.sec.gov/Archives/edgar/data/1121901/000109181811000190/gler04191110q.htm


#Board-19670

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