stoc:
Translation:
GSIEF is the strong buy as its shareholders are to receive 90% of the new OTCBB entity.
GSIEF shareholders whether they realize it or not, are participating in a tremendous move here by their CEO.
Not only is their stock going to the OTCBB, the evidence shows, and the company officials have now confirmed, that restricted shares are being utilized to effect the merger.
This is not typical Pinksheet CEO method of operation. In fact, it is 100% atypical.
Not only has Slaton pulled off this huge score, he is getting the nearly 5 million tax loss carry forward on CMHS's books as a "tax shelter" against future profits. Brilliant. This saves the company up to 2 million in taxes right off the bat.
So, essentially, he brought about 2 million in equity to GSIEF deal for about 450,000, that is real numbers and will appear as a "swing" on the books when the company reports profits.
These are the actions of a Nasdaq or higher exchange CEO, most informed folks are realizing that now.