And thats yet another two months, Tik, to wait for a company that constantly fails its shareholders in regard to shareholder information and much more. If they have insufficient capital ie not enough big money in ...how can they risk conversion with the likely pull out by such as us.In fact are they legally obliged to ever convert?
A lot of MSRM restricted holders should be able to sell at the end of Feb '08 (irrespective of conversion )because of 2years holding. By not converting GRC restrict selling by a lot of these holders 'cos of the likely big loss they would incur at present MSRM price.
The 2007 summer shareholder letter has now disappeared from the GRC website. Wonder why? No information to shareholders since then. No feedback about progress with Hawk 10 trial. No this...no that. Its easy to get negative but with this firm its almost impossible not to.
I've consulted with the SEC about the legalities of a no. of these issues. I eagerly await a response.
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