Part of the deal with GCC getting the needed bridge loans was an agreement between David Meachan/Cross Border and the principles of GCC. If you go back 2 years when the share price jumped to $3.30 a share in 4 days. The company put out a pr. THE FIRST PARAGRAPH SAID THAT THE COMPANY HAD NO KNOWLEDGE OF OR REASONS FOR THIS SUDDEN PRICE/VOLUME JUMP. Why would such a dumb statement like this be made in a press release when at the time, all China related stocks were going crazy-WTO talks etc. The reason-orders from Cross Border to clear the air. The then CFO, Peter Barker was dead against this stupid release as was a few other board members. Peter since has resigned and John was made COB instead of CEO. Orders from David or no more loans. You ask how this would afect the 5%fee charged. In a lawsuit it takes money to defend-this money comes from Cross Borders fees-correct?
I would suggest you call Cross Border and talk with David. Ask him point blank his policies/opinions. He knows how to cover his butt-you will get that from his arrogance and ego. I believe his influence on Gary and George have stymied this company from boosting it's share price through the NORMAL channels. Until the SEC filings are brought up to date, and they will be once Unigel is sold, the investors will be like mushrooms. If it were not for a few of us who demand and get answers-nobody would know jack about GCHC. So you best thank Chief and his family of friends for their input. Or you can read the sniveling leftist grad and learn nothing. Or the whining of investors who bought into this company when share prices were $1, $2 or $3. Sorry they have not gone to see John Allen in NY-for various reasons. But that does not mean he will not be delighted to meet with any investor. His not answering or returning phone calls is not his doing but orders from the board. Now digest this and wait till official PR is realeased.
AI
