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That's exactly right. If it weren't for Garr, we wouldn't have the GLCC opportunity. I don't think GLCC would do business with Garr if they didn't feel he was a reputable business man or didn't have their interests in mind.
Good DD :)
That'll work for me!
Is it Monday yet???? I have to work tomorrow, I'm gonna miss the show :0(
Yep, they'll definitely dwindle. That's ok, as of today I will stop wasting my energy responding to the same old repetitive and truth twisting crap. I'm just looking forward to the new week, and enjoy discussing the new developments and possibilites of this company. Good luck to us all!
I'm holding out for much much higher prices. No one is getting my shares cheap :)
I wonder what other joint ventures, new stores and other developments they might have in the works, ready to PR?
This company just keeps moving forward at a very energetic pace. That impresses me a lot. I really don't care if they have a typo here and there, as long as they keep performing at this pace! PRIORITIES! They are GITTIN' ER DONE, and that's all that matters to me.
yep, I have a few shares for sale, but I have my GTC order set at >1.00 :). The rest I'm holding to see how far this can go :0)
That joint venture has to give Good Life a massive increase in credibility even to the most cynical investor.. I had faith in them before, but this is just fantastic!
Holy Moly. This is getting better and better.
And, I have to tell all the doubters out there, I really don't feel the need to hop on a plane to china to see if these stores are "real". I think ABC Bank has done that for me. :)
Based on the excerpt from yesterday's PR, it sounds like they have an agreement to receive that additional $10,000,000 as long as they provide audited financials, and if they do not receive those funds, some of those shares that would have gone to the european financier would go back to the treasury... am I interpreting that right?
From the PR:
further update on the recently announced completion of the private placement. The financing consisted of a non-brokered private placement of 225,000,000 units. Each unit consisted of one common share, and one share purchase warrant entitling the holder to purchase one additional common share at a price of $0.25 for two years following the closing.
The subscription included a block of shares that will be held in escrow pending the completion of the issuers audited statements for the subscribed $10,000,000 placement with a European Fund. The issuer announced the actual sum subscribed of $2,000,000.00 rather than the targeted total of $12,000,000; as $10,000,000.00 placement with a European Fund is still subject to receipt of the audited statements. Obviously should the issuer fail to complete the audited statements or the $10,000,000.00 is not advanced for any reason that block of shares would be returned back to the treasury.
I thought it was 225,000,000 shares for $12,000,000 total($2,000,000 + $10,000,000) which would be .053 each, after the audited financials were done, according to the after hours PR....
Those are really good points garde...Mr. Woo is big in real estate, and GLCC is going to need a lot to build all those stores and distribution centers ..interesting correlation!
Wouldn't it be rather fitting if Garr delivers those fireworks he spoke of a while back around the 4th of July ? :)
I wish this trading week wasn't a short one, because it should be very interesting!
I look forward to the future PR's to see what else they have been accomplishing...I continue to enjoy the regular updates, and I think keeping shareholders informed is by no means a "red flag", I think it's quite the opposite.
As always, good luck to the longs, I think we will all be rewarded for our DD and faith in the company.
There's no arguing that. If a billionaire invests a large sum in this company, and he lives in china, he obviously is aware:
1. They exist
2. They are growing and doing well enough that he will benefit from their growth if he invests.
That's a significant positive indicator in my book.
Good morning All... Looks like next week might get very interesting (and fun) ! :)
Still have mine.
Sounds good to me :0)
Didn't they still have shares they said they were going to buyback? Didn't they say they were going to get the O/S down lower, or am I getting my PR's confused?
Somebody is getting busy buying at the ask at the moment a bunch of sales including 400,000...let's hope this trend continues :)
Maybe after the closing bell today :)
Derek, I also noticed he also has an overall negative opinion of the pink sheet investor....
Having a high strike price may be a way to delude the morons investing in pink sheet stocks.
This is a little insulting. So, because we invest in pink sheet stocks, snow, we are all morons? Just because we are optimistic about small companies that might prosper and grow, doesn't make us stupid.
So, Snow, if you are actually invested here, wouldn't this also include you ?
I think GLCC is still going to grow and prosper, and I'm not selling any shares until I see a very nice return.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30326418
The smart money is buying.
Yep. I would have to agree.
That's what I figured :)
I see lots of sells today, I assume from scared investors, but, I have to wonder.... who's buying them? (Wish it was me :) )
The thing that most annoys me about today's panic selling is that I dont' have any free funds to scoop up the extra cheap shares. My timing never has been very good :)
Very good point.
NEWS!!!!!!!!
Good Life China (GLCC) Completes Restricted Shares Private Placement
Last update: 11:19 a.m. EDT June 27, 2008
TORONTO, June 27, 2008 /PRNewswire-FirstCall via COMTEX/ -- Good Life China Corporation www.goodlifechina.com (Pink Sheets: GLCC) is pleased to announce that the issuer has completed its private placement offering memorandum. The issuer is pleased to announce that the offering was fully subscribed for a total of $2,000,000.00.
The financing consisted of a non-brokered private placement of 225,000,000 units. Each unit consisted of one common share, and one share purchase warrant entitling the holder to purchase one additional common share at a price of $0.25 for two years following the closing, regardless of what the then current share price would be.
All shares issued pursuant to the placement will bear a legend restricting transfer until February 1, 2009.
Mr.Yang the company spokesperson said "The private placement was completed with accredited investors including some existing, and new shareholders from USA, Canada, England and Hong Kong. Simply, the accredited investor term is defined by various securities laws that delineates investors permitted to invest in certain types of investments, such as limited partnerships, hedge funds and angel investor networks. The term generally includes wealthy individuals, and organizations such as a corporation, endowment or retirement plans. In the USA there are specific guidelines as to who is considered an accredited investor. The reason we bring this to our follower's attention is that the issuer has received a number of inquiries from novice investors who unknowingly believe or are told that the float has increased and that some sort of immediate dilution is in effect. In fact, it is quite the opposite. While the float did increase temporarily as old and seasoned restricted shares matured, it then significantly decreased to its current level as posted on Pink Sheets. This was achieved with warrants being issued as per the issuers filings. Again, this is worth repeating, this private placement was completed with RESTRICTED SHARES being issued, and this private placement will not affect the float for some time yet to come.
Participants in the private placement include current and existing shareholders. It includes several high net worth accredited investors, including the Woo family from Hong Kong who are engaged in real estate development in the Vancouver Canada and Hong Kong area. They are investing in GLCC in this private placement and in the open market and are the issuers strongest supporters. The proceeds of the issuance will be used to further advance existing projects and expansions of new locations. In addition it will be used to launch its Check21 services in China together with its micro loan services in rural China, through its existing 1,800 existing outlets. The issuer expects to generate significant revenues from this source of funding.
The common shares of the Company are currently dually listed in the USA Pink Sheets (symbol GLCC.PK) and the Frankfurt Stock Exchange (Xe:L9X). The issuer is in good standings with Pink Sheets and ranked as a "Current Information" filer with its security.
Safe Harbor statement under the Private Securities
Good morning Recon!
I agree Bigdogs.
What matters is what's officially reported out there, nothing more.
It's all hearsay by anonymous people on a message board (who may or may not have an agenda), that "they were told it went up".
I'll stick to the reported facts and base my investment decisions on that.
Now let's have a great Friday at GLCC ! :)
I agree, positive people discussing the company, definitely makes for a much more enjoyable board :) Good Morning to all the positive, pleasant people!
I never understood exactly what that meant...If the numbers are up or down..Could you help me out :) Thanks!
We go through this every 1-2 weeks. The T/A gives out (supposedly) different numbers to different people. The company verifies no change, and even had heritage trust sign a lettter verifying the correct numbers even after posteres stated they heard it was this number and that number, etc etc. read back through the posts. One of the explanations given as to why different people calling the T/A get different informatino in one day is this (from a previous post):
The transfer agent is giving you info in real time. As stock comes in from North American to be transfered to Penson the numbers change.
Very good post!
You haven't lost until you sell at a lower price than you bought it. :)
Wednesdays always seem a little quiet around here, I'm just waiting on the sidelines waiting for things to go back up. Not selling a share :)
What part should I pay close attention too?
Question is, what top are we getting to this run, do you think?
So this new company has operations in 21 of 28 provinces, and already have a recognized brand name, wouldn't that make it easier/ quicker for Good Life to expand to these other places if they merged? Thoughts?
We understand that Runtian is a mineral water packager/distributor. The company has a capitalization of 200 million Yuan, about 30 million USD, revenues of 2.5 billion Yuan or about $400 million dollars. The company maintains operations in 21 of the 28 Provinces of China, with 1600 authorized distributors and 26 branch offices. Here in China they are a familiar brand name."
So would this give GLCC a way to uplist quickly to OTCBB? Am I interpreting this correctly?