Jiangbo Pharmaceuticals, Inc.(fka JGBO)

[Dark_Star]

AC416 - - - - - - -

We won't know exactly what this was for unless someone can access the S.E.C. Edgarized records (years ago I had access by paying their annual fee). Or unless GTEC management decides to promulgate the reasons itself.

My guess is as stated earlier......private placement. Give some shares to an investment institution or a shareholder with deep pockets in exchange for some working capital. Those shares would be restricted for at least one year (more likely two years). These shares would not be in danger of being unloaded on the market while the PPS was still going up. They would be locked up somehere and there would be some clear-cut rules on how and when they could be sold.

GTEC already stated that they have $17 million cash on hand. I wonder why they want to raise more capital.