The argument seems to be 'what makes it different this time?'
The Harlands have single handily destroyed every acquisition ever announced, so there will be skeptics
I referenced a TV show called "Shark Tank" yesterday - for anyone who does not know what this is, it's when up and coming companies or ideas are looking for money to fund their venture, but by doing so, they sometimes give up part, most, or even all of their company just to get the payday. So what does this have to do with GLER?
If you read the last 8K, you'll see that Frankel is investing $2 million into GLER. Logic says if there are 497,000,000 shares o/s, then he must have paid .004 to do this. Next we see that $1 million stays with the registrant and $1 million goes to the Harlands. Then we also see the super voting rights the Harlands had get smashed into 1/5 of what they used to have. They had 1.5 billion voting shares, but now they just have 10% of the a/s. So before they have over 100% control, yes over 100% control since they were only 800,000,000 a/s, now they are the minority in GLER.
So back to "shark tank" and it's relevance to GLER. The Harlands went to the sharks, gave up all their management position and super voting rights for some money and shares. They have been trying and trying to find a way to profit big time from GLER and they just took their payday. Oh yes, and as part of their payday, they have to take their Knightsbrige Lawsuit with them and get it off our books. They legal expense no longer belongs to GLER. That belongs solely to the Harlands
Can anyone tell me what makes it different this time after going through the 8k again? That's right, the Harlands are out of control and Frankel and his management team are taking over as of May 15th. We've already heard about 2 income producing acquisitions with more on the way. The properties were partially acquired due to the fact the Seller's will hold the mortgage making it easy for Frankel/Gler to get these properties with little money down. What money you say? Frankel just sank $1 million into Gler's bank account
