desertmajor. Blair Krueger called me the other day and that is a correct description of his attitude towards trading shares. He wants to concentrate on building the business from a startup situation to a fully functioning business.
He only called me because he didn't want to leave me, an investor, with the opinion he was just blowing us off. He also said that as a director of the company he can't talk about it as it might be inside information and illegal. He said all news, etc. would be put out by Investor Relations.
The next day Ali Farook, IR., called and there was nothing I could add to what has already been said here and in the Ibox.
He does realize we ILCI investors have lost almost all the value of our shares, but in the future there MIGHT be some recovery. The word bankruptcy came up and I told him I had seen no filings suggesting that. He referred to the information in the GALH initial filing and the lack of specifics in terms of who got what and for how much. He expressed the same comments as Blair Krueger in that all news items and so forth would be put out thru press releases and the GALH web site which is under construction. I expressed my concern about the lack of information available to my stock brokers by pinksheet.com and an inability to make any sort of evaluation about GALH going forward. At that time the ASK was $125 share and the bid at $2.00 a share. The bid has now turned back to $1.25 a share on an Authorized Share figure of 50,005 shares.
I don't see any reason to eat this loss at this time so I am holding. At $1.25 a share that is .0125 pre split as of 4/08 and .0001 before the previous split.
I have been looking at this EB-5 visa program and like the idea if this new management has the contacts necessary to attract investors. There is a lot of competition to GALH
so it isn't a slam dunk and will require a skill set by management to make it fly. I like the resume of the management as declared. I can't verify much of it as yet
so I feel like the mushroom kept in the dark and covered with you know what.
Anyway, I will continue to keep an eye open for developments and will post them as they appear.
SharonB
