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Re: DOLPHY post# 3500

Friday, 04/25/2008 12:21:38 PM

Friday, April 25, 2008 12:21:38 PM

Post# of 49661
Yesterday's PR:

"In other company news, the company intends to sell some of its North American hard assets. As GLCC share price appears to be under downward pressure, either by some short selling or otherwise the company intends to use these sale proceeds to reduce its outstanding float. Additionally, and equally important the company is desirous to minimize or cushion the impact of the soon to mature dividend the company recently issued, as those dividends enter the marketplace. GLCC management will also use the time to consider its IR corporate advisors recommendations that it considers plans to move to a higher tier exchange such as the OTCBB or AMEX, where the market forces would at least reasonably asses GLCC true price per share value."

Well, at least they have addressed it...not sure this is a plan that will work, though.
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