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I will try to buy more today. Even if all A/S is used ,current capitalization could be 3,5 million. Company is undervalued just now. JMO ,do your DD yourself.
Only one question. Reducing A/S from 2.510.000.000 to 500.000.000 is good or bad for shareholders??????
yes, I wonder who is checking these PR. Ok, waiting correcting PR
What numbers do you mean???
Authorized all the time was 2510 000 000 shares,they reduced it today to 500.000.000. See also Nevada SOS...
I am waiting PR on this, these are real arguments.
yes it seems so:
Previous Stock Value: Par Value Shares: 10,000,000 Value: $ 0.001 Par Value Shares: 2,500,000,000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 2,510,000.00 New Stock Value: Par Value Shares: 500,000,000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 500,000.00
NEWS!!!!!!see in companys website
Authorized shares reduced!!!!!!!!!!!!!!!!!!!!!
Primary SIC Industry Classification: 6199 - Finance Services
State of Incorporation: Nevada, USA
Year of Incorporation: 1998
Year End: Dec. 31st
Transfer Agent: Heritage Trust
Ticker Symbol: GLCC.PK
Trading Venue: Pink Sheets
Outstanding Shares: 168,518,988 as of Apr 15, 2008
Authorized Shares: 500,000,000 as of Apr 15, 2008
Number of Share Holders of Record: 1,775 as of May 19, 2008
Float 32,888,388 as of May 19, 2008
On May 21 2008 the company reduced its Authorized shares by 2,000,000,000 shares
company's website
Newest info from website:
Primary SIC Industry Classification: 6199 - Finance Services
State of Incorporation: Nevada, USA
Year of Incorporation: 1998
Year End: Dec. 31st
Transfer Agent: Heritage Trust
Ticker Symbol: GLCC.PK
Trading Venue: Pink Sheets
Outstanding Shares: 168,518,988 as of Apr 15, 2008
Authorized Shares: 500,000,000 as of Apr 15, 2008
Number of Share Holders of Record: 1,775 as of May 19, 2008
Float 32,888,388 as of May 19, 2008
On May 21 2008 the company reduced its Authorized shares by 2,000,000,000 shares
Yes,i also found it strange. I am gonna ask company on this:
An additional 35,129,443 shares were issued to Corporate Bank PLC as an
allocation towards a PPM offering, which offering is intended to raise up to $12
million USD over the next 8 – 12 months, with net proceeds to fund continued
expansion of the Corporation’s business activities, as directed by the Officers
and Board of Directors. These shares are to be held in escrow, and being
released to accredited investors as the contract for placement comes due.
I believe this in short term can provide them this cash ,but I see problems with this taking into account current share price.
In other company news, and as further clarification to our announcement of May 20, 2008 Good Life has begun the process of reducing its authorized shares from 2.5 billion to 500 million shares. This act of reducing our authorized shares does not mean a stock split or a stock reverse as our critics charge. The stock split option was presented to us back in December 2007 which we now regret not following through with, as we remain mindful of our retail investors wishes. Be that as it may, this reduction of authorized shares is our way of demonstrating to our loyal shareholders that Good Life and its officers are not diluting as suggested to our IR representative. We have conducted an exhaustive research into our share structure and the previous operations of the entity. We have no doubts in our minds, that the past few months continuous sells which in effect created our share price decline, have all occurred from within our relatively old and large existing shareholder base. We are pleased to report that here in China, our current share price in USA is being ignored as nonsense by our customers, clients, patrons and those who simply visit our sprawling infrastructure and see for themselves the assets Good Life currently has in place, and the exceptional services and products we offer. Our financial statements speak for themselves.
Regarding online restrictions:
1) as I said before ,company has to do something to remove restrictions. i will send message to IR on this.
2) i remember one stock where after investors pressure restrictions were removed. can everyone of us send E-mail to our brokers asking to remove restrictions ??????????
No online trading. had to call broker....
picked another 132000...capitalization with price 0.009- 1,5 million...
Last pinksheet filling is very interesting.
1) Garr more have got no GLCC shares....Hmmmmmmmm
2) Beneficial owner list also is very interesting. All Chinese top management by filling have no one share. What it means????????
Do your DD yourself.
New filling:
http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=15012
Chinese are not more insiders . Very interesting and odd....
My sharecount is Ok, right amount minus one share.
What is GOLIF????????
ON TDA :
SYMBOL : N/A
Description : Good Life China Corp Restricted
Does it mean that after restriction ,there will be different symbol for our divies?????? maybe it is in some way connected to ''non- dilutible divies''???????Or no symbol just because of shares are restricted?????
Received my divies in TDA. At last..... Minus 1 from total MONA amount on February 1st.
Post Unavailable
Additional Information
You are wrong. I bought 10000 0.03:))))
Post Unavailable
Additional Information
I bought 12 000 0.08 . Called TDA broker. Online trading is restricted.
Thanks PRAE for your efforts. Your plan is good.
MONA answer regarding dividends:
Re: GLCC dividends delivery
From: Investor Relations (monarcgroup@gmail.com)
Sent: Friday, April 18, 2008 7:05:38 PM
To: xxxxxxxxxxxxxxxx
Ask Ameritrade because we sent it to their clearing house Penson last week
Thank You
On Fri, Apr 18, 2008 at 10:37 AM, xxxxxxxxxxxxxxxxxxx
What is the reason what divies are not in my Ameritrade acount so far?
Sincerely,
xxxxxxxxxxxxxxxxxxx
Ameritrade answer regarding dividends:
RE: Reorganization and Dividends (KMM50583169I97L0KM)
From: TD AMERITRADE Apex (apexclientservices@tdameritrade.com)
Sent: Friday, April 18, 2008 9:38:23 PM
To: xxxxxxxxxxxxxxxxxxxxx
Dear xxxxxxxxxxxxxx
Thank you for your response. We see that there was a name change from TLGP into the shares of GLCC and this may be the shares that the agent sent to our firm. We see no indication of a spin off of shares from MONARC CORP (MONA). The transfer agent would need to be in contact with the Depository Trust Company (DTC) where we hold our shares in order to have this spin off completed. If you have any further questions, please let us know.
Sincerely,
Mary W.
Reorganization and Safekeeping, TD AMERITRADE
Division of TD AMERITRADE, Inc.
Check pinksheets. A lot of disclosing info regarding GLCC. Tomorrow will be hot day.
Market is trying to find fair value based on new info....
MS.DONGMEI and ...?????
!!!!!!!!!!!!!!!!!! DISCLOSING INFO ON GLCC !!!!!!
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=GLCC#getFilings
pinksheets updated !!!!! 163000000OUTSTANDING SHARES !!!!
Good move for GLCC. All ask buyings except one....
Eventually GLCC can get Current Information mark next week.
#
Non-reporting Companies with Current Information Available on pinksheets.com
Non-SEC registered companies that meet the following requirements will be identified as providing Current Information:
1. Subscribe to the Pink Sheets News Service (see Subscription Agreement)
2. Publish disclosure that complies with Pink Sheets Guidelines for Providing Adequate Current Information (PDF) on the Pink Sheets News Service.
3. Attorney Letter - The company must publish a quarterly letter from an attorney stating that the issuer's disclosure (i)constitutes "adequate current public information" concerning the Securities and the Issuer and "is available" within the meaning of Rule 144(c)(2) under the Securities Act, (ii) includes all of the information that a broker-dealer would be required to obtain from the Issuer to publish a quotation for the Securities under Rule 15c2-11 under the Securities Exchange Act of 1934 (the "Exchange Act"), and (iii) complies as to form with the Pink Sheets Guidelines for Providing Adequate Current Information. The letter must also identify the person responsible for the preparation of the financial statements.
For complete information requirements regarding the Attorney Letter, see Pink Sheets Guidelines for Attorney Letters with Respect to Adequate Current Information (PDF).
4. Transfer Agent - The company must have an SEC registered transfer agent.
Companies must post the required disclosure on pinksheets.com. Pink Sheets will verify that a quarterly or annual report, in addition to an Attorney Letter regarding completeness of disclosure, has been posted within 75 days after each quarter ended and within 120 days after each fiscal year ended. If such disclosure has not been posted at that time, companies will be placed into the "Limited Information" or "No Information" categories.
Not posted here long time ... regarding divies ,I have received confirmation from MONA.
Re: GLCC dividends delivery
From: Investor Relations (monarcgroup@gmail.com)
Sent: Friday, April 11, 2008 7:12:17 PM
To: xxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
It was sent electronicly to your broker today
Thank You
There is progress on fillings:
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=glcc#getFilings
GM, I think there will be enough buyers today to break 2 ... Anyway ,it will be intresting day. JMO
Yes.Post #5.
So I was right ...it is TGLP...