MUST READ GSIEF
Ok folks, we now have r/m confirmation with CMHS.
Also confirmation on how the CEO is going to treat the shareholders of GSIEF.
stocrates verified today that 12 million restricted shares have been issued.
I called CEO Slaton, yes, the shares are issued for the merger closing, yes, the shares issued to effect the merger are restricted.
This tells us three things:
1. The merger into the CMHS OTCBB shell is going to take place.
2. The owners of the CMHS are confident enough in the business of GSIEF to accept all restricted shares.
3. The CEO of GSIEF is a shareholder dream and a financial mastermind, he pulled off this merger with all restricted stock, worth today about 450,000. In exchange, GSIEF gets the OTCBB fully reporting compliant shell, and the 4.7 million dollar loss carryforward carried on CMHS books. Because CMHS is a "like business" under Internal Revenue Service Code, GSIEF can use the tax loss carryforward to shield the first 4.7 million in profits from GSI.
Translation: GSIEF just bought the shell for the restricted stock, and will save about 1.5 -1.7 million dollars in taxes from their first profits.
No free trading shares added to the already low 12 million float !
In all my years in the pinks and bb, I have never seen such a swing in equity and responsible management getting the very best of a deal for the public.
Now folks, if that doesn't illustrate to you what the Captain of this ship is capable of, and what he does to protect shareholder value, I don't know what would.
