Ineedmoreshares
The 10k actually states that:
"All shares issued into escrow have been recorded as issued and outstanding pending the ultimate disposition of the obligation. Accordingly, the accompanying financial statements reflect the debenture as being fully paid."
However if the matter was settled, then Mr. Peacock would not address it in a PR post report and state that an 8-K would be released when it was settled. He very clearly stated a balance due. If GGI got the shares then there would be no balance due.
Again I quote from the PR post Annual report.
"As of October 1, 2007, the balance remaining on the debenture is $27,539 and 430,871,055 shares of common stock remained in escrow."
Carry on.
Derb
