Globalnet (fka GLBT)

[fugazyh8er]

Wrong again! It has been getting a green light month by month by month for two years now all wrapped up in this portion of the 8K's.

"The Company is also in discussions with the investors regarding continued funding of the audit and restatement process. While the Company believes that continued funding of the audit process will occur, there is currently no commitment to provide the necessary funding."

http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0001144204%252D07....

Which means the investors have funded the audit in the past indicated by the word "continued". The company (GLBT) "believes the funding will continue", I'm guessing and IMO as long as the company shows the investors progress. The investors have a 30 day out by "currently no commitment to provide the necessary funding". To me IMO this means investors will and have been taking it month by month to see how things advance, develop and progress and it must have been over the last two years to CONTINUALLY receive funding. It's only smart for the investors to not commit funding all at once. A little by little approach by the investors mitigates the exposure for loss if this whole thing falls apart; which I agree has it's possibilities for the reason being the company has not released information informing us shareholders convincingly one way or the other of success or failure.

Meanmike I guess symantically I could agree with you that the audit does get put on hold every month and then immediately after funding it gets the green light to continue efforts toward completion.