GSI Securitization, Inc. (fka GSII)

[slimpickens]

To the board:

First I want to apologize to the board after having said I was going to host a conference call with Gil Slaton and have now called off the call.

This is my own doing as my work simply won't allow this at this time.

I spoke with Gil 30 minutes ago and asked him if I could email him a few questions instead to be posted on the board.

He told me that would be fine. He would try and answer them as soon as he received them.

I told him they weren't going to be easy.



to: [e-mail]

Gil, As per our conversation, please find a list of questions. We're taking a rain check on the conference call.

Our intention as investors is to try and get a better understanding for the complexity of the business and the possibilities as well as the pitfalls we face going forward.



1) Find below a link to an April 2006 PR where the company announced a 200+ million in receivables deal. We are aware this deal or any similar to date have not closed but can you give us any specifics with respect to past deals IE. were you unable to get the funding?

Did the numbers not crunch creating a profit? Did the hospitals withdraw their portfolio or find another lender?



http://www.encyclopedia.com/doc/1G1-144391038.html



2) You have said that the company is in the process of attempting to secure a receivables deal worth 45 million from 2 hospitals in San Diego. Many on the board believe that these insured receivable deals will bring the most money into the company. We understand that you have met with Rob Leeds of Silar and that he is interested in funding deals that you bring him.

As of last week you've said that your DD has been completed and that you are in the process of getting the information to the processor in Texas. can you comment on the following:

Has this information been sent to the processor? If not can you say when this will be?

Can you say when you expect this information to be processed and completed by the processor for delivery to Silar for funding or for final determination as to their willingness to fund the deal?



I realize these questions are heavily weighted towards pinning down a time line. Our intentions as investors are not to pressure you into giving out these projected dates as ultimatums as much as it is an attempt on getting a better grasp as to the nature of the details, the stumbling blocks along the way as well as understanding how a single deal such as the San Diego hospitals deal works.



We as a board believe the above question and the success or failure of this San Diego deal will help us gain insight into the entire process and possible future deals (successful or not), and ask for your help in allowing us to closely follow the process from a time line point of view.



3) The outstanding shares of the company has increased by roughly 7 million shares within the last 2 months. Can you tell us what these shares were used for?



4) The company has announced in the past that it was preparing audited financials. Can you tell us when they will be completed and when you expect the skull and cross bone symbol on pinksheets might be removed?



5) The company may announce the hiring of an investor relations company. Can you give out any details or time line with respect to this hiring.



5) We on the Investorshub board are all very appreciative of the constant effort on your part to keep us informed. We remain here because we truly believe in the future of GSI and believe your efforts will not go unrewarded.



Thank you