Actively Holding and Accumulating GNPH
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Long that's wonderful...
I put out that message on a least 5 or 6 stock message boards, very good to see people responding.
I think Ex-CEO Clinton knows how valuable his shares are. 2000 shares sold today @ $8.45 a double for him. Thats 80K shares pre-split @ .21125 My guess is less then a million pre-split shares traded at $.21 and under. So there is not many SH who would sell now unless they are forced to. In other words I see a strong base at $8
GLTA
bigplay777
We are getting some volume!
So far all between 8.00 and 8.75
GNPH website not working...
Let's hope we're getting an update.
count down 4 days
Here's one more negative that I found....
In February 2008, in conjunction with a settlement between the Company and the Company’s former officer(Clinton), the former officer exercised 1,500,000 options and remaining 941,406 options held by the former officer were cancelled. The Company received $157,500 in cash and the proceed is used for working capital purposes.
Thats post-split = 37500 shares at a conversion rate of $4.20
Also remember that since Pope now has his shares in hand he could short the hell out of GNPH to very low values. Scary!
Hoping for the best. Lets get this 10K out and see where we stand.
bigplay777
Bid rising now $8.40 good sign
The most important conclusion is...
Pope's basis is $8.00 per share on the loan conversions
and $10.00 per share on the warrents
bigplay777
More...
As a result of the May 2008 private placement:
· pursuant to section 3(g)(ii) of the Debentures, the conversion price was reduced from $0.25 to $0.20 per share; and
· pursuant to sections 6(c) and 6(d) of the November Warrants, the exercise price of the November Warrants was reduced from $0.32 to $0.20 and the total number of shares of common stock underlying the November Warrants was increased to 16,000,000 from
10,000,000.
The following is a table disclosing the aggregate amount of possible profit which could be realized by the selling shareholders as a result of the conversion discount for the securities underlying the Notes and the Class A Warrants.
Check this out too...
Seems Mr. Robert Cain Ex-Board member of GNOH gets consultant contract till end of year and is piad with shares of Lotus Pharma Read:
Consulting Agreement between the Registrant and Robert Cain, dated September 10, 2008.
99.1 Press Release dated September 10, 2008.
3. Compensation . In consideration of the performance by Consultant of his obligations under this Agreement (a) the Company shall pay to Consultant $11,667 and (b) the Company shall transfer to Consultant 50,000 freely tradable shares of common stock of Lotus Pharmaceuticals, Inc. The compensation is payable upon entering into this agreement.
bigplay777
On further study of the S1 and S1/A
Pope shares have been registered the way I read it. I didn't find an effective date. Can anybody else find it?
bigplay777
Pope can NOT get shares until they are registered
Can anyone show me an SEC doc that shows ANY shares by Pope being registered
This is right from the 8K dated Nov 7, 2007 where Pope lent GNPH $5,000,000 through a convertable debenture
NEITHER THIS DEBENTURE NOR THE SHARES OF COMMON STOCK ISSUABLE UPON CONVERSION OF THIS DEBENTURE HAS BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAW, AND SUCH SECURITIES MAY NOT BE SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER SAID ACT OR STATE LAW OR AN OPINION OF COUNSEL THAT SUCH REGISTRATION IS NOT REQUIRED.
Article 3.
Conversion
(a) Conversions at Option of Holder . This Debenture shall be initially convertible, in whole at any time or in
part from time to time into such number of shares of Common Stock as is determined by dividing the amount of principal being converted by
the Conversion Price. The Conversion Price shall be twenty five cents ($.25), subject to adjustment as provided in this Article 3.
Mechanics of Conversion .
(i) The Holder of this Debenture shall effect conversions by providing the Company with the form of conversion notice attached hereto as Annex A (a “ Notice of Conversion ”) executed by the Holder, together with the delivery by the Holder to the Company of this Debenture, with this Debenture being duly endorsed in full for transfer to the Company or with an applicable stock power duly executed by the Holder in the manner and form as deemed reasonable by the transfer agent of the Common Stock; provided, however, that at the election of the Holder, the Holder may execute the Notice of Conversion and transmit the Notice of Conversion to the Company without the physical delivery of this Debenture. Each Notice of Conversion shall specify the principal amount of this Debenture to be converted, the principal amount of this Debenture outstanding prior to the conversion at issue, the principal amount of this Debenture owned subsequent to the conversion at issue, and the date on which such conversion is to be effected, which date may not be prior to the date the Holder delivers such Notice of Conversion to the Company by overnight delivery service or by telecopier or PDF (the “ Conversion Date ”). If no Conversion Date is specified in a Notice of Conversion, the Conversion Date shall be the Trading Day immediately preceding the date that such Notice of Conversion and applicable stock certificates are received by the Company. The calculations and entries set forth in the Notice of Conversion shall control in the absence of manifest or mathematical error. The principal amount of this Debenture being converted in accordance with the terms of this Section 3(b)(i) shall be canceled and may not be reissued.
November 7, 2007
Warrant to Purchase
**10,000,000**
Shares of Common Stock
THIS WARRANT AND THE SHARES OF COMMON STOCK ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS. NEITHER THIS WARRANT NOR SUCH SHARES OF COMMON STOCK MAY BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH SECURITIES ACT AND ANY APPLICABLE STATE SECURITIES LAW OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE ISSUING CORPORATION THAT SUCH REGISTRATION IS NOT REQUIRED.
Void after 5:30 P.M. New York City time on November 7, 2010
SERIES A COMMON STOCK PURCHASE WARRANT
OF
GENESIS PHARMACEUTICALS ENTERPRISES, INC.
This is to certify that, FOR VALUE RECEIVED, Pope Investments, LLC, a Delaware limited liability company, or registered assigns (“Holder”), is entitled to purchase, on the terms and subject to the provisions of this Warrant, from Genesis Pharmaceuticals Enterprises, Inc., a Florida corporation (the “Company”), at an exercise price (the “Exercise Price”) of thirty two cents ($0.32) per share, ten million (10,000,000)
shares of common stock, par value $.001 per share (“Common Stock”), of the Company at any time during the period (the “Exercise Period”) commencing on the date of this Warrant and ending at 5:30 P.M. New York City time, on November 7, 2010; provided, however, that if such date is a day on which banking institutions in the State of New York are authorized by law to close, then on the next succeeding day which
such banks are not authorized to close. The number of shares of Common Stock to be issued upon the exercise or conversion of this Warrant and the price to be paid for a share of Common Stock may be adjusted from time to time in the manner set forth in this Warrant. The shares of Common Stock deliverable upon such exercise or conversion, and as adjusted from time to time, are hereinafter sometimes referred to as “Warrant Shares,” and the exercise price for the purchase of a share of Common Stock pursuant to this Warrant in effect at any time, as the same may be adjusted from time to time, is hereinafter sometimes referred to as the “Exercise Price.” This Warrant was issued pursuant to a Securities Purchase Agreement (the “Purchase Agreement”) dated November 6, 2007, between the Company, the initial holder of this Warrant and the other investors named therein, and the holder of this Warrant is entitled to the benefits of the Purchase Agreement and the Registration Rights Agreement, as defined in the Purchase Agreement. The date of the initial issuance of this Warrant is the Closing Date under the Purchase Agreement. Reference in this Warrant to “all of the Warrants” or words of like import shall relate to all of the Series A Common Stock Purchase Warrants issued pursuant to the Purchase Agreement.
1. Exercise of Warrant . This Warrant may be exercised in whole at any time or in part from time to time during the Exercise Period by presentation and surrender hereof to the Company at its principal office, or at the office of its stock transfer agent, if any, with the Purchase Form annexed hereto duly executed and accompanied by payment of the Exercise Price for the number of shares of Common Stock specified in such form. Payment of the Exercise Price may be made either by check (subject to collection) or wire transfer in the amount of the Exercise Price. If this Warrant should be exercised in part only, the Company shall, upon surrender of this Warrant
for cancellation, execute and deliver a new Warrant evidencing the rights of the Holder hereof to purchase the balance of the shares of Common Stock purchasable hereunder. Notwithstanding the foregoing, the holder of this Warrant shall not be required to physically deliver this Warrant upon exercise of this Warrant pursuant to this Section 1(a). Upon receipt by the Company of this Warrant at its office, or by the
stock transfer agent of the Company at its office, in proper form for exercise, or upon delivery of the notice of exercise without delivery of this Warrant, the Holder shall be deemed to be the holder of record of the shares of Common Stock issuable upon such exercise, notwithstanding that the stock transfer books of the Company shall then be closed or that certificates representing such shares of Common Stock shall not then be actually delivered to the Holder.
Long...
So what you are saying is that Elsa confirms that Pope has NOT sold any shares? This is smelling fishy. If Pope has not been issued any shares how can they be listed as a shareholder on the NASDAQ??
Somebody please get to the bottom of this.
bigplay777
Long I'm with you I'm holding for $100
Pope has not sold anything...
Just received an email from Crocker Coulson:
Pope has not sold anything-confusion might come from reverse split.
Best Regards,
Crocker Coulson
My email to Crocker included the link to moneycentral.msn
This supports my own knowledge that according to SEC reports
Pope has NOT been issued ANY shares at this time.
Genises Pharma "right now" is a solid investment. GNPH will show an excellent balance sheet in its 10K with a very low P/E Now is the time to buy BEFORE new investors take this GEM to much higher levels
GLTA
Bigplay777
This is strange...
During the last conference call didn't Elsa say that NONE of the shares Pope could get because of their loans were even issued?
Any one else remember
Thank you for those shares!
What we've all been waiting for - weak hands finally letting go! SCOOOOP them cheap shares up if your lucky enough to be there on the BID. This was inevitable considering the market conditions so get over it. It could be bigger volume. So far we're talking peanuts.
GNPH is strong sound company. We will prevail with a higher SP. Just know anything, quote "anything" under $10 is a gift.
Now, to all the weak hands out there - just let go, get it over with so the rest of us longs can move forward.
Go GNPH!
bigplay777
Very Important for GNPH
Hey, everybody notice how out of date the company web site is??
http://www.genesis-china.net
We are screwed if its not updated by the time the 10K is released the end of this month. The 10K is very important RIGHT?
GNPH will get notuced BC of great earnings right? but new investors will pass if they see weak follow through.
Everyone please email Crocker and Elsa and demand the the website be updated NOW. We want GNPH to look good to new investors. So we need to put our best foot forward. Lets don't shoot ourselves in the foot and rouin the appreciation of the share price because we can't keep a simple website up to date.
Email and call now!
please contact:
Genesis Pharmaceuticals Enterprises, Inc.
Ms. Elsa Sung, CFO
Tel: +1-954-727-8435
Email: genesispharm@gmail.com
Web: http://www.genesis-china.net
CCG Investor Relations, Inc.
Mr. Crocker Coulson, President
Tel: +1-646-213-1915
Email: crocker.coulson@ccgir.com
Web: http://www.ccgir.com
Thanks, its our duty as shareholders to make things right!
And get the people in chsrge to keep it that way.
bigplay777
Sell! Sell! I WANT YOUR SHARES!
LOL Are holding a GEM?
I think so. We need more waek hands to fill my portfolio.
LOL
GO GNPH
bigplay777
$50 will be very realistic
Great PR, keep'm coming
now 11K shares strong looking for 500 more.
Thats me at 7.05 bid
bigplay777
Interesting Board and good vibes too...
Why is the focus on China?? Its OK since I like China plays alot.
XING might be a buy soon, but why the huge downturn?
My favorit is GNPH its poised for a sharp upturn. Check it out.
10K will be out soon with very good numbers, getting ready to uplist to the NAZ PE is extreemly low. I've been an owner on and off since the RM, even held through the 40 to 1 RS Now only 10.3 mil shares and will show net income for the year over 29 mil(est)
Thats earnings of 2.81 per share. Thats a PE of 2.77
The downside is the company is unknown, but offers a chance to get in at very low prices. When it announces the uplinting to the NAZ I expect a double at least.
GLTA
Bigplay777
people letting go cheap...
So many are getting in very low. Very high volume over 500K pre-split.
Got to have vision to hold GNPH
Some guts will help too! LOL
bigplay
Yes, Here's the key sentence...
"Genesis is well positioned to meet the board requirements for companies that want to be listed on the Nasdaq."
Looks like we are headed for the NAZ boys.
GLTA
Go GNPH!
I'm holding for $40
10K by Sept 30th per Elsa
Great volume today so far...spread is narrowing
Some people can't wait to sell, but thats OK we need new blood here. I'm tired of the winers.
This is a great hold and its only going up from here.
I'm hoping we go to NYE, but the NAZ is OK too.
Go GNPH! I'm still holding for at least $1.00 that's now equivalent to $40
You all watch up listing will get us over $40 per share
bigplay777
Here comes $40
By the end of 2008
Go GNPH
Bigplay777
10.3 million shares in GNPH
I own 10312 shares
one thousandth of the company! WoW!
ericteg those numbers look good to me
Hey Long and all
First I want to apologize Long, you do a great job at keeping this GNPH hub humming.
Later yesterday I talked with Crocker and he said there is no SEC requirement to inform shareholders about a RS. He's real excited about being able to sell the company to institutional investors now. Overall he thinks its a great move by the company.
I have to agree. Now if they can just follow through with what they have promised. Elsa said the road show would start right after the 10K and conference call. We'll see.
I now have the GNPH shares in my Ameritrade account. I have a wopping 10312 shares. My ave is 9.87
This certainly puts GNPH in a whole new class of stocks.
I hope it works
Go GNPH!
Bigplay777
Long as board moderator YOU should call here and ask those leagal questions.
Call now, she's in the office
It seems the BOD of GNPH made the decision days ago. PR should have been sent out that day! Lay the screws to her and get us some answers, OK
bigplay777
Set my buy @ $5 share anyone selling?
bid 6.25 ask 20.00
Just had a long talk with Elsa Sung, she's back in Florida.
She said the board has been working on the RS for awhile now the 40 to 1 was set in August. Won't say when uplist will happen only as soon as possible. 10K due buy Sept 30 but hoping to get it out sooner. Quote "sooner" is more like it.
Well shares are trading, let's see where this baby falls or rises.
Go GNPH!!
bigplay777
ask on Ameritrade is 22.00
Starting value is $9.60 40 x .24 = 9.60
WOW! Thats all I can say!
I now own 10313 shares of GNPH
What are the chances of an uplisting BEFORE year end reports??
This is scary and exciting, hoping for the best. I sure won't be selling when trading starts. But I might be buying! GNPH will have excellent numbers to show.
My feeling is this is going UP! All the buying before the split was because of the possibility. Now we need some major PR blitz.
Com'on Wubo finish the plan.
Get ready for a haircut at first. I just hope its not too short.
Go GNPH!!
Bigplay777
Hold on to your shares! Good news is coming!
Sure is nice to be wanted! Go GTEC!!
Well the E is gone, what a tragedy!
Scaring people to sell for no reason, really sucks.
SEC should pay!@&%$#@
When I spoke with Crocker he said no reports until Sept. Hummm... When does GTEC become an accelerated filer??
Long, why do you think an income statement will be here by end of August??
"Oh yeah and fully audited income statement due at end of Aug."
Please explain, TIA
Big
Just spoke with Croker The E is a mistake, GTEC is not deficient.
Buy'm while you can!!
big
Well, all eyes are on China I hope some eyes get to see how great GTEC is? We need some PR.
Big
Todays rush...
I base it on great prospects for 2009 and timing of todays buys says 4th QTR was GOOD. And great numbers for 08 and 4th quarter. Plus knowing that low $.20's and small dips into the teens is "the bottom." Things are real bad out there and if there were to be some big dumpers they would have unloaded already. So I say load up bc "$.20-21" is the bottom. So far I've just seen little fish nibbling at the bottom, but today somebody decided to load up with a few 100K Good for them for showing some smarts.
All you sellers please sell now. I want your shares. I freed some more money up today and want you to sell me more at $.20 So sock it to me. I want 500K in my portfolio. I need 100K more.
Go GTEC!
Long will you elaborate on this...
"Pope insisted, (seems more likely to me, insisted) a 75 mil share purchase at .25.. so all in all GTEC should have gotten a total of some 48 million..."
Thanks
big
996 Yes, but in a much faster time frame!
This stock will surprise you. Just my gut feeling bc I know nothing!
Go GTEC! Make me rich! I love it! I bought a bunch at $.20 to $.205 I am now realoaded with 400K at a ave well under $.25. Anyone serious about enyering this stock will pay. We have some serious buyer(s) today and today is the beginning of FY 2009. Good things are coming in 2009.
Go GTEC!
big
@ $.20 GTEC is a buy
Just do your homework to prove that to yourself.
Go GTEC!!!
big