Cibolan Gold Corp. (fka CIBG)

[d7b9735f]

Note the insider trading at GNLM:

http://www.secform4.com/insider-trading/1060910.htm

The CEO, Parent Steve, both bought and sold stock. Perhaps he needed to liquidates some stocks in order to get cash when the company couldn't find financing.

In the GNLM press release it says "Accounts Payable increased from $32,043 in 2006 to $67,864 in 2007 but the increase was due to the $63,184 loan that the Company's President and CEO advanced to the Company when financing was not available."

Furthermore, the company might fear that naked shorting is happening. I don't know much about naked shorting, but I learned a lot from this article:

http://www.marketwatch.com/discussions/msgReader.asp?siteId=mktw&parentId=2&forumId=23&b...

One of the ways companies can combat naked shorting is by issuing new CUSIP numbers. The planned forward split will result in a new CUSIP and squeeze naked short positions if there are any.