Friday, March 31, 2006 8:10:27 PM
Funny that the last press release said there were 5 million shares in the float, but PinkSheets says there are 10 million as of 2006-03-28. Hmmm.
Also, PinkSheets reports Outstanding Shares: 61,080,272 as of 2006-03-28.
If I remember correctly, this company had 40 million shares before they acquired this wonderful new property and changed the name to GPGD. Are we to believe that a company that was basically a shell was able to acquire a good property for only an additional 21 million shares? I seriously doubt that. Something here does not smell right.
One other question. How did PinkSheets get information on the share count when it has not been reported in a PR or an SEC filing? I also notice PinkSheets is showing Level II. I think the listed company has to pay for that. GPGD is likely trying to build interest in their stock. Unfortunately, that usually means someone wants to sell shares.
http://www.pinksheets.com/quote/company_profile.jsp?symbol=GPGD
I will continue to beieve this company is a scam until they can prove otherwise.
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