This might help explain what this trash was doing. Straight pump and dump. Didn't even take the time to file with the SEC to keep the investors coming in. musta been one heck of a party!
GCA is a creditor of large proportions to Galaxy. They hold the assets of Galaxy and several principles as collateral on a loan the corp. recieved from them and spent.
An Administrative Law Judge has issued an Order Making Findings and Revoking Registration by Default (Default Order) in the matter of Galaxy Minerals, Inc. The Order Instituting Proceedings alleged that Galaxy Minerals failed repeatedly to file required annual and quarterly reports while its securities were registered with the Securities and Exchange Commission. The Default Order finds these allegations to be true and revokes the registration of each class of Galaxy Minerals' registered securities, pursuant to Section 12(j) of the Securities Exchange Act of 1934. (Rel. 34-56326; File No. 3-12700)
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