Thursday, December 28, 2006 5:55:14 PM
to make securities' fraud complaints, send e-mails to: enforcement@sec.gov
To whom it may concern,
I am writing in regards to GH3 International Inc. (OTC: GHTI). I will make my complaint brief and to the point. I, along with countless other shareholders, feel that we have been the victim of securities' fraud. On December 7th, GHTI traded at an intraday high of $.018. Over the course of the next 4-5 trading days, the company stock price fell to a new 52 week low of .0006. Nearly a %97 decrease in the value of the price per share. Shareholders, myself included, attempted to sell out of the stock at the bid price but were unable to as market makers refused to fill sell orders. Today, the stock closed at yet another 52 week low of $.0002, nearly a %99 decrease in shareholder value from December 7th. I, along with countless other shareholders, feel that the current share structure has been diluted with shares that are not registered with the SEC. After doing due diligence on the C.E.O., Flo Ternes, I was able to find that he was involved in countless ticker symbol changes, reverse splits, etc. I feel that his most recent actions are not only unethical, but are illegal. The company refuses to speak with shareholders regarding this matter. So I bring this matter to your attention in hopes that you will be able to rectify this situation. I strongly urge you to look into this matter. Please let me know what, if anything, can be done about this situation. Flo Ternes should not be allowed to continue operating in this manner as his actions downright criminal. Please verify that the shares that were sold into the market beginning December 7th were in fact registered with the SEC.
Sincerely,
XXXX
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