Global Arena Holding Inc (GAHC)

[bbee2]

I too am suffering terrible financial loss from this fiasco. What remains unclear to me at this point is if a class action suit has more teeth than multiple individual lawsuits that could run into large sums of money. Whatever the course of action, we should try to build consensus.

[Manning87]

I have heavy losses also, please keep me in the loop

[rjefferson1]

Canes.
he has not advised one way or the other. He does feel if there is insurance and a compelling case is presented to insurance company a fast but modest settlement will come. Just actual damages not punitive.

[rjefferson1]

BBee
Under Sarbanes-Oxley directors are personally liable for any act breaching corporate responsibilities to shareholders. With that said he most likely does not have the assets.
The key here is looking for insurance. The way my counsel explained it is sue the company and all the directors personally, The company will cross claim there legal counsel. It appears the state law where the firm is licensed the are required to carry E&O insurance. Also the board members may have personal liability umbrellas . His advise to me is don not sell the stock until this is figured out, his thoughts are the difference between where the stock was trading prior to note being issued and .0005 is the damage. for me that is $49,000. He is still researching and will have answers in about a week. Ill update as I know.

[Tweetybird]

Thanks for the perspective here guys.

[canes7]

Soooo Rjefferson,

I spoke to my council as well and yes, what was done/issued was a big no no as you and others on the board have stated.
Questions now to pose for thought/discussion - regarding legal action…. Who would have the deepest pockets here, the company or the company’s council for allowing this?

Also, would we potentially be better served filing lawsuit(s) separately or together?

Thoughts?

[bbee2]

My worst fears confirmed... The Milk Dud is finally being called out for what we all thought he was but could not bring ourselves to accept it as reality: The Dud is a fraudster. Well, it is too late to cut our losses, so, all that is left is to generate one or more class action suits. Of course, if the company is broke, we will see little or no returns for our efforts. The only recourse would be to go after personal assets. That is a bit trickier as the Milk Dud may be protected by the corporate veil.
I knew it!!! Once I heard this guy had an affiliation with Stratton Oakmont in his earlier days, I knew this would not going to end well. Just wish I knew before I bought in for millions of shares.

[Manning87]

I am not the best person to call anyone, not a quick comeback or thinker in the moment. I am better with text and emails. I rewrote this 3 times. Lol

[rjefferson1]

here is the most recent law

Client Alert Corporate & Securities
Pillsbury Winthrop Shaw Pittman LLP www.pillsburylaw.com | 1
June 18,2022
Delaware Liberalizes Procedures for Issuance
of Stock
By J. Anthony Terrell and Alexander Tiktin*
On June 24, 2015, the Delaware State Legislature enacted various amendments
to the General Corporation Law of the State of Delaware (the “DGCL”),
including one providing greater flexibility to the board of directors of Delaware
stock corporations in authorizing the issuance of stock and determining the
consideration to be received therefore. These amendments will become effective
August 1, 2015.
Section 153 of the DGCL provides that shares of stock may be issued for such consideration as is
determined from time to time by the board of directors (or by the stockholders if the certificate of
incorporation so provides); provided, however, that in the case of stock having a par value, the value of
such consideration must not be less than such par value. Section 153 remains unchanged.

[Nvragn4]

According to this is mathews if allows the note to be converted below par value, he and the other stockers holders are liable personally, unless they voted against. This open up other pockets for payment. It m for settlement purposes. , if you had stock prior to that note being issued dont sell..If my lawyer will take on the case ill post his number. Please ask your counel on this.
I am asking mine to take on contingency

§ 174. Liability of directors for unlawful payment of dividend or unlawful stock purchase or redemption; exoneration from liability; contribution among directors; subrogation.

(a) In case of any wilful or negligent violation of § 160 or § 173 of this title, the directors under whose administration the same may happen shall be jointly and severally liable, at any time within 6 years after paying such unlawful dividend or after such unlawful stock purchase or redemption, to the corporation, and to its creditors in the event of its dissolution or insolvency, to the full amount of the dividend unlawfully paid, or to the full amount unlawfully paid for the purchase or redemption of the corporation’s stock, with interest from the time such liability accrued. Any director who may have been absent when the same was done, or who may have dissented from the act or resolution by which the same was done, may be exonerated from such liability by causing his or her dissent to be entered on the books containing the minutes of the proceedings of the directors at the time the same was done, or immediately after such director has notice of the same.

(b) Any director against whom a claim is successfully asserted under this section shall be entitled to contribution from the other directors who voted for or concurred in the unlawful dividend, stock purchase or stock redemption.

(c) Any director against whom a claim is successfully asserted under this section shall be entitled, to the extent of the amount paid by such director as a result of such claim, to be subrogated to the rights of the corporation against stockholders who received the dividend on, or assets for the sale or redemption of, their stock with knowledge of facts indicating that such dividend, stock purchase or redemption was unlawful under this chapter, in proportion to the amounts received by such stockholders respectively.

[Nvragn4]

Another question to ask would be is the Q reviewed by cooperate council prior to submitting> that would accomplish the same goal.this could be seriuos money. I have 70M shares..0012 to .0005 is $35,000

[rjefferson1]

My lawyer did verify Delaware law does not permit issues stock below the par value.
that being said the note is a fraudulent note. How ever to recoup losses we would need to show that GAHC outside legal council approved the note. Can you call mathews and talk with him? At one point ask if the attorney reviews all notes issued by company?

[Manning87]

Thank you for reaching out to someone. I am HEAVILY invested with massive losses right now. I am curious to see what they find.

[rjefferson1]

I spoke with my lawyer. He feels in principle you are correct, to be certain he is reaching out to their office in DE which will be more up to date on current security state laws. Ill post when I hear back. He did state the firm will say it was a typo of it comes under scrutiny of authorities , If in fact the note was reviewed by GAHC counsel the shareholders can sue counsel, since every shareholder has real losses in the devaluation of the stock..If the facts hold after the research the firm would considered representing us against law firm for GAHC, since they are required to carry insurance. Filing against GAHC would have no chance of being paid after reviewing financials.
Another aspect he offered is that when the note was issued to the investor it was issued at a deep discount to market. Share were.0012 when signed. that is a discount to market. The investor could be charged with circumventing S1 underwriting rules and acting as a broker dealer with out a license , which would void the note. there would be other requirements for FINRA to prove. Mainly that he has done this is that past and converts at first opportunity

[Nvragn4]

if you read the Q ,mathews bought the stock down by issuing a note for 165,000 $ convertible at .0005.that means in 6 months this note holder will 370 million shares at .0005. notes do not adjust with reverse splits,
Gahc is a Delaware Corporation, which does not allow share to be issued below par value. I ask you contact your attorney tell him so to verify that this is correct. GAHC par value is .001 if yout attorney agrees call mathews and tell him so to verify that this is correct. .
In addition the Q states the acquisition of GES is not complete, this is a poison pill in case of a take over , bankruptcy or SEC action, the note holder mathews father can foreclose and the only asset the company has goes to Mathews Father. I propose as invest we raise the 50,000 . Escrow with company atty pay off the note. with this asset firmly in GAHC mathews ahs not safety net and only chance of making , is to run the company properly

[Roily23]

Maybe they should join with VOATZ in some way.

https://voatz.com/

[Rockinboxers]

A mile away live the rich folk
And I see how they're livin' it up
While the poor they eat from hand to mouth
The rich are drinkin' from the golden cup
And it just makes me wonder
Why so many lose and so few win? ha!
And give me something to believe in, yeah yeah

Maybe a bit old for some to get. Google it. Hopefully the bands name doesn't relate to investments future

Been here a while and deep enough to want something to break loose like everyone else

Time will tell all I guess. Hate the wait but other options are slim at the moment

GLTA and as always, Go GAHC...

BTW always disliked milk duds coming up lol

[Manning87]

Hopefully this year we reach the black.. if we have a profitable company, should see pennies

[bbee2]

How about shoring up Voting confidence? Give us something, Milk Dud! We know the revenue is up, but what is this doing for the cheering section? What's in it for the shareholders?? Give us a reason to hang on besides the alternative of taking huge losses.

[bbee2]

New lows for GAHC. What is the Milk Dud doing to shore up investor confidence? Nothing!!!

[bbee2]

Hair is still there, but definitely going gray from the aggravation of losing on this company.
2027 is a long way off, especially when putting up 50K. I agree that our dinosaur congress is largely incapable of wrapping their heads around this technology, but by the time 2027 rolls around, blockchain will likely have come and gone.
John Matthews (Milk Dud) is already a dinosaur and lagging behind some of the bigger innovators. He has kept his cards close to his chest, but it is time for this guy to play his hand or fold.

[acnyc]

I jumped in with just shy of 50K in 2017. Knowing very well that this is Pink ticky (penny stock), I was always thinking long term (10+ years). I don't check this stock every day or month, like some do. As I always maintained , , , the older politicians in this country are not ready for Blockchain (or even know what it is), the younger generation has a better grasp of this emerging technology and its potential. Fingers crossed and contiued luck to those going long. And for those checking or commenting on this stock every day, hope you don't lose all of your hair!

[bbee2]

I think our best chance for success is if another company gobbles up GAHC and puts the Milk Dud out to pasture. I can just see the Dud grazing in the grass with Dud Jr.

[Manning87]

I always knew deep down this was a 2024 stock. Was hoping for a 2020 or even 2022. If this doesn't show huge improvement by 2024 I will sell my shares and move on, hoping to just break even at some point.

[bbee2]

Holding here too, but my decision is not coming from optimism, it is coming from large losses. I remain convinced this will not end well for any of us.
Clearly, voting in America is primed and ready to undergo a huge transition to some kind of on-line digital automation and blockchain secure technology to ensure universal confidence in the system, but even if the opportunity train were stop at the Milk Duds house, I do not think he has the gumption to hop on. Milk Dud is the kind of careless guy that would wait at the station and leave his money home.

[Tweetybird]

https://www.cisa.gov/uscert/ics/advisories/icsa-22-154-01

Lol, Dominion has problems ... though CISA isn't quite sure was used for voter fraud.

Something new will be needed; Greg Phillips and team has more on the way

[WhiteShep]

Hodling here :)

[Manning87]

I hold a lot of shares of this company. More than I should. I am very heavily invested. Probably about the same as you. I hope this pans out. I'm not a short-term investor. Been holding years and keep adding when it drops. I'm not adding any more from now on. I hope the next update is good and we can at least get back to my break even point. I'm still not selling because I believe what this company offers is valuable. I hope this milk dude can bring this company into profitability. I really thought the Stock's price would go up when the revenue doubled. I'm hoping this year it will continue to go up and we can be profitable as a company. My goal is by 2024 this company is on track to take over most of the voting in the country

[Manning87]

Am I crazy to still think this has a chance? Why are we .0007&.0008?
Did I piss away a ton of $$$ on this company?
Anyone still a believer? Why?
I had very high hopes for this company but the last 4 months has been tough

[bbee2]

Anyone here old enough to remember the Limbo? I am guessing probably not, but one of the lines in the song is "how low can you go?"
Good, bad or indifferent, this stock just won't play.

[bbee2]

No definitely not braggadocios. It was a poor attempt at being humorous, and as such, it landed flat. The Moon would have to get sucked into the Earth before I buy another share of GAHC. Frankly, I don't mind reading different points of view, but for me the bottom line is that the Milk Dud is a scam artist. I don't have to produce proof for it to be true for me. It's an instinct thing, and it has served me well. I wish I never heard of this stock.

[JBosean]

.0008 - Everything going according to plan.

[Manning87]

100million or 100 total?
100x.0009=.09 the cost for trade fees are more.
Not sure if you are bragging or what?

[Nvragn4]

yes I did Monday

[bbee2]

Hey, I couldn't resist- I just snared 100 shares @ 0.0009. Sittin pretty now! Thank you, Milk Dud and Milk Dud Jr.,

[Nvragn4]

A lot of volume the past few days...
normally runs up after a few days like this.

[Nvragn4]

Ninja
I agree with you and good to see you back!

[Patient Ninja]

GAHC progress = good news. Last report:

- Double revenue

- Halved loses

- Commissioned persons, entities to work on federal certification in 2021.

- Working in with TrueVote who are 1. Ex Space Ex executive and 2. Other guy 15 year plus blockchain expert.

One thing you guys forget is with all the filing requirements and time to certify and work there is only so much time left for develop systems and moving forward. I see progress here and I like it very much.

Once we get fed voting certification we start the rocket upwards.........if crypto moves our rocket moves at double speed.

Ninja out!

[Patient Ninja]

It's true! In the 2017 bitcoin parabolic run GAHC was the best performer out of all micro penny stocks.

If bitcoin goes to new highs GAHC will surge with it. You add good news with progress in the elections arena and no stock will come close to GAHC, apart from CCTL about to get CE removed.

GAHC is In the crypto category due to past plans and that to build on the blockchain with elections and voting technology.

There are some good old boys here that disagree but why not go with the trend. It's your friend.

I have been waiting 5 to 6 years here for the pay dirt. It's getting closer to the crypto and elections world's aligning.

If Mathews finally has his finger out of his ass and moving in a good direction I wouild start loading up over the next year. Remember anything bought one year ahead only requires 20% capital gains tax rather than 30 to 45%.

Ninja out!

[Tweetybird]

repetition is boring ...
https://www.thegatewaypundit.com/2022/05/now-know-sen-roy-blunts-son-andy-shadowy-consulting-firm-paying-michigan-canvassers-sink-voter-expansion/

[bbee2]

So, if we use history as our guide, the quarterly will come out, (probably late as usual) everyone will dissect the content and many will come away with a positive outlook, while most of us will have a negative view (me included). The only thing that we can all agree on is that the stock will not budge. The Milk Dud and his duplicitous partner Milk Dud Jr. are the only two benefiting from the profit increases. You have to give the Dud credit where credit is due. He engineered the perfect setup for himself.

[Tweetybird]

https://news.yahoo.com/suddenly-pennsylvania-republicans-ok-counting-144533343.html

Criminal Republicans in the primary. This will be another mess; Kathy Barnette likely won, but we'll never know for sure

[Nvragn4]

Surprising how company went from doing webinars to crickets.
maybe some of these rumors are true. The Q should be out any day. and the truth will be known..my thoughts are.:
no on voatz deal., where would the money come from
No on oil deal, that story has been told to many times
No to new board members, 5 is enough
Yes on the deal with the guy from space ex, already paid for.
Yes to a new subsidiary for voting consulting, makes sense

[Tweetybird]

Pretty much every single day you can find something new on voter fraud; not in the news much ....

https://www.georgiarecord.com/report-kemp-surpressed-evidence-obstructed-justice-in-true-the-vote-election-fraud-probe-threatened-businesses-true-the-vote-has-rico-evidence/

[Mj244]

I would consider it.

[rjefferson1]

MJ, have not heard about oil deal.
Picked up 1.2 m shares this am, GAHC is looking for board members for election company. You Interested?

[Tweetybird]

Let's fix it https://skeshel.substack.com/p/74-harvesting-and-mule-rings-where?s=w

[Nvragn4]

Yea the Math is correct
To answer your quest GAHC is not a crypto stick they utilize the blockchain technology in their voting software.
With that said it tends to go up when bitcoin runs up

[Nvragn4]

HI Mj
Honestly the small amount I have invested in the company, I'd rather it stay where it is and continue the abuse at our dinners.

[rjefferson1]

Found this post on on of the crypto boards.
Is the math correct?
Also I thought GAHC was not a bitcoin stock?


With bitcoin so low it has to bounce back looking for bitcoin related stocks far off there high. any recommendations?
Best deal i found so far is GAHC, I40 % down. from high.
Trading at 0.0008 high was 0,004
opinions? penny stocks scare me.