Good Life China Corporation (GLCC): Post Unavailable Additional Informati...

crazy horse 0 · 2008-05-08T13:54:01.9730000Z

Thanks Reed Email from company, got permission to post. Subject:In Garrs defense Date:Wednesday, May 07, 2008 12:25:29 PM We are all unhappy with the current share price and where we sit currently. Please review this link and I will come back to it later. http://www.moneyinstructor.com/doc/stockup.asp Firstly, we don't know what the big infatuation with Garr is and why he has become the whipping boy here? If it wasn't for Garr there wouldn't have been the GLCC deal. PERIOD! It was Garr and Mina Mar that found Goodlife China and sold the assets of EFGO that got everyone their dividends. The company could of kept those dividends and sold it themselves when they mature. If you note it was Garrs idea to dividend these out to all the shareholders. For what its worth (and time will tell that they will be worth more then now) GLCC it was Garr that made the dividends non dilutible. In the CHNW - EFGO era Cash Now was in the payday loan business. If you don't know what that is just Google it and see what recent legislation changes did to that industry. Simply put the laws that came into effect killed that business. Now take a look at one of our x MAIN competitors. AND THE #1 UNDISPUTED CHAMPION AND HOW THEY FARED: ACE symbol AACE When CHNW (MONA) stock opened at $2.00 in 2004 on pinks Ace was $40.00 on OTCBB. As we slid so did they, so did everyone in that industry. Garr saw that the payday loan business was a dead duck and looked for other faucets such as Forex Check21 etc. Did I mention that Garr sold that sinking asset worth about 2 million (if that) for about 9 million? http://www.acecashexpress.com/ We understand at one point EFGO stock was worth more then ACE. Ace was bought out and went private. So what happened to ACE shareholders? At least with MONA and GLCC you still have something. I use that ACE company as an example but there are at least 3 others on OTCBB and Pinks that have closed shop for good. Forex, and Check21 same deal there new US legislation. Check 21 works great but the US banks wont release the funds for 30 days so whats the point? Forex can work but its a huge cash outlay for infrastructure development. (1-3 million $$) So I come back to the http://www.moneyinstructor.com/doc/stockup.asp link We agree 110% with all 4 point here. Here's how we are addressing these 4 items MONA unfortunately is caught in a bad timing. Brookcor is in a mortgage business. We all know how the mortgage business and appetite for that is with the current melt down in USA. case and point: 1. Internal events. These are events that occur within the company that affects the company's fundamentals, either directly or indirectly. Examples of internal events would be the release of quarterly financials that are either positive or negative, the signing of a large new client............................... It is clear that after the asset sale when Mona was left as a shell the investors did not like the hospitality business. We thought they would we were wrong! I agree lets blame the secretary Garr for something the board and the CEO did. 2. External events. These are major political, economic and social events that occur in the world that indirectly affect the company and its industry. For example, the Federal Reserve Board ................................So what is the management doing about it? They are looking at new faucets for MONA. Maybe the mortgage is not the best one TODAY. 3. Market pressure. A third factor is the market itself. While a stock may rise and fall on its own merits, it may also benefit just by being in a "bull market."............................... MONA management and the whipping boy Garr and Mina Mar have successfully obtained MONA the filing of 15c211 and the "warning" sign should come off pink sheets soon. NASD will also make an announcement we are told and soon you will see only 1 market maker in the box. Don't panic when you see that as the market maker will start making the market for MONA and are doing share accounting. The shorts will have to cover and all buys will go through 1 market maker, meaning all buys from your broker dealer will be routed through 1 market maker for 30-45 days. Please don't ask me when are we going to Pr this and when will it show up etc etc.. We did that with the dividends and we all know how that went. We will Pr this when we are ready and as soon as pinks removes the warning. 4. Hype. There are those who promote stocks for gain, either to pump up the price of their own shares or to promote them directly for a fee from the company. Such hype may take the form of positive reports in stock market newsletters,..................... MONA has none. It has bashers and short sellers who are coming out in overwhelming droves as they see all previous MONA competitors out of business. Trust me when I tell you MONA is NOT going out of business anytime soon. The management is looking for new faucets and we proved we can deliver a 10+ Pr as we did with Goodlife and we are looking for a growth business in a timely industry. So as you see MONA is missing 3 of the 4 ingredients. 1 was just achieved 2 we are working on and 1 "Hype" is something that investors need to do and the market, not us. Look I can spend this much time answering all the e mail but I have taken the liberty of answering this one out of courtesy. If your though is that Garr is somehow responsible you are wrong. The man serves as a director on a dozen other companies as a officer or a director or an advisor. If your though is that somehow Mina Mar is responsible for the stock price this is just as ridiculous. They do corporate advising and IR work by hammering the phones and calling market makers. Who else would do that we don't know? Can you show us 1 other IR company (as we cant find one) other then in AMEX or big board that does the IR work, IA work, corporate advisory all in 1 and that doesn't charge outrages fees for pink sheets. Find 1 IR company that has a ticket system a Town Hall forces CEOs to comply with Pinks guidelines then come back. Its easy to be a Monday morning quarterback. We are all in this together and working towards the common goal however constantly bashing Garr the 1 man who navigated successfully through a perfect storm is uncalled for. I know that the share price say otherwise but I wonder if you would still feel the same if you were an AACE shareholder. for AACE shareholders MONA is a far ahead. We have a new ticket system in place this e mail will not be monitored frequently. Go to www.monacorporation.com and look for a support ticket icon. Heres the direct link http://www.minamargroup.com/helpdesk/ Regards Michael