Protective Capital Structures Corp. (fka PCSO)

[neilhk]

Some of these RELM deals, at least, will be funded by HCPC selling preferred shares to raise the finance/ capital...we know the HCPC preferred shares can be exchanged for common shares......we know the AS was raised recently to 16 billion.....imo, all of these are connected.......also the recent purchase of Relm REH from the Cremel Group by RELM for preferred shares to the value of $150 million......this is significant to me as it suggests that the first phase of funding may now be in place. RELM wouldn't purchase Relm REH from Cremel unless it had something worthing purchasing it for......if Relm REH had no assets you wouldn't buy it would you?.....there would be no point to the transaction....imo

http://news.nasdaq.com/aspxcontent/newsstory.aspx?&cpath=20080612%5CACQKNB200806121408KNOBIAS_NEWS____2008061218_415.htm

We could be well into the 3Q before things become clearer......by then we should have audited financials. You wouldn't go to the trouble/ expense of audited financials, and even naming the company that is doing them, if you did not have a business developing, worth all that effort, would you? Nothing is for certain, but there is enough going on to make me comfortable with holding, and to avoid getting too involved in the day to day drama here.

GLTA