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Tuesday, October 24, 2006 8:34:01 PM
Global Resource Corporation, formerly known as Advanced Healthcare Technologies, Inc., is a development-stage company. On September 17, 2004, the Company filed a notice with the Securities and Exchange Commission (SEC) electing to be regulated as a business development company (BDC) under the Investment Company Act of 1940, as amended. The intent was to focus on acquiring interests in portfolio companies doing business in the energy sector. While operating as a BDC, and seeking energy-related portfolio companies, on January 11, 2005, the Company acquired a 50% interest in Well Renewal, LLC (Well Renewal), an entity which managed and operated approximately 30 oil wells in Oklahoma, by utilizing a nitrogen and carbon dioxide gas injection unit to pump up and re-pressurize the wells to increase oil output.
http://finance.google.com/finance?q=OTC:GBRC
JMO - Do your own DD.
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