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Thursday, May 04, 2006 3:04:18 PM
The following should clear up what the GZFX CEO failed to do with Golden Gate Investors.
Have compiled pages of SEC documents for you. Send me your e-mail via PM and I will glady forward on to you.
Not going to clutter a GZFX board with other stocks and lengthy SEC documents. However, a paragraph below is used in many OTC Agreements. This should help you to understand how many OTC companies set up the Agreement.
Bottom line, JF allowed the the PP Short Sale wording.
GGI is allowed to short GZFX. Tell me how this can be in any way a positive? They can manipulate the price in either direction hedging the bet. In essence, making alot of money each direction too.
Many companies are aware of the known Private Placement manipulation (Google this and PIPE financing to learn more). Some companies take the ability to Short Sell away pertaining to the company doing the financing, not the public. You are correct in that the standard public verbiage is the same. This is different, we are talking about Golden Gate.
Here is a clip that many OTC companies place into the Agreement with PP companies. JF should have done the same.
* Short Sales. Neither the Buyer(s) nor any of its affiliates have an open short position in the Common Stock, and the Buyer(s) agrees that it shall not, and that it will cause its affiliates not to, engage in any short sales of or hedging transactions with respect to the Common Stock as long as any Convertible Debentures shall remain outstanding.
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