Globe Photos Inc (fka GBPT)

[Stock_Stalker]

I got the following from "up-down" on the LITL board, he had replied to a post of mine regarding LITL.

Here is what he wrote regarding Medify:

Now I didn't stay at a holiday Inn last night but I did find this out about your MDFY, they like to do private placements through REG D 504's. Private investors buy shares from a company at a steep discount. These shares are then SOLD into the market making these Private investors some nice coin while the common shareholder gets bent over! If they are restricted they can file 144's to register them for sale if the TA will remove the restriction stamp (they will if the company says ok. btw, the TA works for the company) or they just short the shares while have the restricted certificate as collateral. If the company restructures via a reverse split after such PP's (private placement) these PP guys generally will NEVER have the cover. (as the pps just keeps on going lower. Look at the above chart, see where any PP would have to cover?)

Restricted SHAREs 29,300,000 $ 2,700
504 Offering (12.06.04) 2,000,000 $10,000
Balance as at 12.31.04 31,300,000 $12,700
Cancellation of Restricted Stock -29,300,000 ($2,700)
504 Offering (02.08.05) 2,000,000 $10,000
504 Offering (03.02.06) 2,800,000 $14,000
Issue Rest SHAREs to Management
for MSL (UK) acquisition (02.22.05) 13,200,000 $182
Total SHAREs as 03.10.05 20,000,000 $34,182
Forward split (4 for 1) (03.11.05) 80,000,000 $34,182
Issue Ord SHAREs for Medify 10,000,000 $182
Limited acquisition (18.11.05)
504 Offering (11.30.05) 2,488,235 $50,000
504 Offering (12.21.05) 714,285 $50,000
Balance as at 12.31.05 93,202,520 $134,364
504 Offering (02.16.06) 2,000,000 $10,000
504 Offering (02.23.06) 600,000 $50,000
Reinstated 3,486,000
Balance as at 03.31.06 99,288,520 $194,364
504 Offering (05.29.06) 1,878,787 $50,000
504 Offering (06.28.06) 1,454,545 $40,000
Balance as at 06.30.06 102,621,852 $284,364

I can't find their REG D filing with the SEC so they broke the law there buy not informing investors the company sold shares to a private investor no later than 15days after the fact. Notice above they were selling 504 shares month in and month out, lol

http://www.medifysolutions.com/downloads/Quarterly%20Report%2011.06.2006.pdf

Then they did a 1:12 Reverse split to wipe out existing shareholders on sept, 19th. (look at the pps on 9/19, $2.16 and the pps today, .45) MDFY is registered in Delaware so you'll have to pay $20 to get the total number of Authorized shares to see how much more they can dilute looking forward. Good luck with MDFY, I think you'll need it. I'll stick with LITL, LOL

You should have bought LITL at .50 when you first saw it. You could have sold for a double numerous times and whomever would have acquired your shares could profited on them as well. As for following people like Janice, I recommend following no one but yourself and to dig dig dig for all the info you can find out about any company and its principles you invest in. There is lots of good info on these boards, but there is also a lot of manipulating posts to throw you off course, so tread wisely.