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Have patience. There was an unavoidable delay due to broken bones that had to be surgically repaired on the part of one provider of needed data. Should be taken care of early in the week.
My apologies, too much going on right now. I caught that when we were ready to upload the fourth quarter and CPA/Attorney/&I decided the fix could wait until we do the first quarter of this year. The stock has never been issued which can be verified by the T/A.
That was supposed to happen when I originally acquired the company but we never executed that part of the deal. That has been corrected with the 4th quarter, 2014 financial filings.
Meant to say successive, not success.
The process started on 03/31 with the article that was sent out that lasernat posted on 04/01. There will be success mailouts over the next few weeks much of which will go to accredited investors. We have preferred shares available to them if they have an interest. Also working on a Reg A offering. The due diligence for the analyst's on the marketing piece took three months (some of my procrastination), I expect the due diligence on the Reg A project to be at least twice that (more procrastination on my part).
No, I have always had preferred shares.
The CEO has no common shares, only preferred shares and has never converted a single preferred share.
John
Dear Channel Trader, I don't procrastinate, I have had to weed out the frogs from the princesses. Hang on, its almost there.
I am letting the Attorneys and CPA's decide the best course of action regarding the changes. If they decide to do it now, then I will let everyone know when it is uploaded to the OTC, ditto's if it will be corrected with the fourth quarter filings.
OTC current tomorrow. I am in receipt of an email from the OTC that we will be current before the open tomorrow. Also, the DTC chill on the stock will be removed then as well.
I am preparing a PR that might go out late December or early January relative to the significant success our affiliate in Panama is having and hope to have some photos of their facility and progress up on our website (www.atpanels.com) to coincide with the PR.
We have found two errors in our filings, one is the CUSIP number and the other is the number of shares in the public float which we are in the process of deciding to correct now, or wait a few weeks and correct them with the fourth quarter filings - the attorneys/CPA's are working on making that decision.
I will keep you all informed.
Kind regards,
John Ohlin
President/CEO
GRPS
GRPS Shareholder Update
Salt Lake City, UT, December 4, 2014
I am pleased to report that as of 4:00 PM MST, this date, all of the OTC required filings have been uploaded to the OTC website.
I have been informed that although the OTC will attempt to expedite the review process, it could still take three to five business days to complete and remove the C.E. from our trading symbol.
Thank you all for your patience.
John Ohlin
President/CEO, Gold River Productions, Inc.
Quinquangintilliard, Once the CPA completes the financial statements they are sent to an attorney who has standing with the SEC for their review. Then they issue an opinion regarding the financials and THEY are required to upload the financials onto the OTC website. Its an extra layer of protection for the shareholders that the financials were created appropriately, rather than creatively. You can go onto the OTC website, pull up GRPS and then read some of the past attorney letters for a better understanding.
John Ohlin
President/CEO
GRPS
7/31/2014
Previously, I had mentioned that I hoped to have the CE cleared from our stock symbol by mid, July.
We ran into two issues along the way which have now been resolved but cost us about 4-6 weeks in reaching our goal. The CPA now has all of the data needed to complete the financials that the OTC is requiring and I hope they will be ready to send that data to the attorneys in the next week or two.
I anticipate the attorneys will have questions but hope that they will be able to issue their opinion letters within two weeks of receiving the financial data. Thus, the new target date is the last week of August to the first week of September to have all the data that was in arrears, brought current.
Thank you for your patience.
Kind regards,
John Ohlin, President/CEO
GRPS
To all GRPS shareholders. It has been some weeks since I put up a message. Since February, I have had active discussions with five different groups relative to the funding of GRPS. Some, expressed interest in funding the $50K needed to get the CE off of the symbol, others were interested in funding the $1.5 million needed to get up and running. Three of the five have decided not to proceed; I am still having active conversations with the remaining two. Our needs, as stated, are $50K to remove the CE and become current, I now have developed a means to get into the solar green house and low cost housing markets for $500K.
If successful in raising the $50K amount that would also allow me, once the CE was cleared, to apply for the EB 5 program, which under normal circumstances requires a minimum of $1 Million in an investment from someone desiring to obtain a visa to emigrate to the U.S.
I have preferred shares available that vote and convert on the basis of 1 - 100 if any of you, or any group of you, are interested in helping me reach either investment goal. Any deal that might be done must benefit all shareholders.
I will let you know regarding the outcome of the two groups I am currently working with.
Kind regards,
John Ohlin
President/CEO
GRPS
In response to requests for an update: Dear Shareholder, GRPS acquired my company AeroQuest through a reverse merger. Once we obtained enough funding it was my intention to change the name of GRPS to AeroQuest and begin manufacturing products based on Composite Pacifico’s (CP) patents, a firm whose principal I have known for many years, much of it in the development of the technology. AeroQuest had an Agreement to do so as well as a debt that is owed to CP. We had two years (after the GRPS acquisition) to pay the debt and during that time we had the exclusive North American rights to manufacture and distribute products that CP owned patents for.
We were never successful in raising enough capital to maintain our rights and were never able to pay off the debt to CP. At that time, and through to today, CP was only doing design and engineering work (along with some prototyping) in the composites field. We had hoped to raise enough capital that we could do the manufacturing for CP and they could remain a design/engineering firm.
That is changing. They have decided that they needed to manufacture and are in the process of setting up a manufacturing operation in Panama in an enterprise zone named Panama Pacifico (you can Google this) which is the old Howard air force base. They were able to raise the capital they needed to get started and have leased a 25,000 sq.ft. manufacturing space, have purchased the necessary equipment and the manufacturing facility is being set up as we speak.
CP plans to build panalized housing of composite materials to sell throughout central and South America. Panama Pacifico itself needs 500 housing units per year and CP has interest from a ½ dozen other countries/entities to do the same.
This bodes well for us. One of the problems we had was that we didn’t have product that someone could touch or feel or see in action. Our products were ideas and technology and although we did manufacture some very nice prototypes, and engineered and designed product and the manufacturing process for one large company, we had no track record.
Now that CP will be able to manufacture, we will be able to piggy back onto that success as the principal of CP has assured me that he will once again grant us the North American rights to their products/patents if we can pay off the debt. By being able to show products that are in use and being able to quantify the results/benefits of the materials, we should be able to reinvigorate the stock and take it to wherever the market will take it.
Based on my discussions with the principal at CP they should be up and running in the second quarter of this year. To be able to have any building material used in Panama that material must be certified by the University of Panama. They (CP) are building prototype panels and deliver them to the university by the end of February. It is anticipated that the University will be done with their testing 6-8 weeks after receipt of the test panels. If they don’t run into issues with the University, that testing should be done by the end of May and they will begin fulfilling orders that are waiting on the manufacturing facilities start up.
I have expended all of the funds I have raised (over $3,000,000) in the effort to get this business off the ground over the years and I am trying to raise $60K – 100K in a private placement which is needed to get caught up with FINRA and get the skull and cross bones off our symbol and begin marketing again; we ran out of money two years ago which has caused us to not be able to keep current with FINRA, thus the skull and cross bones. As I have already tapped the “friends and family” group over the years, this has proven more difficult. However, once CP is up and running and I can show photos of the manufacturing facility and end product in use I think that will become easier. My goal is to get current with FINRA by the time CP goes into production. This will allow us to reacquire the rights to the patents and begin marketing our company and technology, once again.
I have a potential to get in with Walmart which last year made a commitment to make all of their buildings “green” with among other things, solar generated electricity. They own a lot of roof space around the world. One of CP’s patents pending is for a “solar roof” and CP will be happy to build them for us if/when we can get a few buildings from Walmart to convert to solar.
So, I am still in the game and working to make this company viable. I feel a responsibility to the shareholders of GRPS and hope that I can pull this together. I cannot tell or suggest to anyone what to do with their shares in GRPS, but I am still working hard to make every investor glad that they bought. We are looking for an investor willing to make a direct investment in GRPS to accomplish our goals. With kind regards,
John Ohlin, President/CEO