Good Life China Corporation (GLCC)

[redrabbit]

If that wasn't a confusing filing I don't know what is. I don't claim to have the highest reading comprehension, but somehow I don't think I am alone.

"The issuer intends to issue 2 "classes" of shares to its shareholders. One class for 2 million dollars at 0.70 cents to its shareholders on record, as of February 1, 2008 and a pay day on or before July 9, 2008."

OK, so the divy was 10% of the companies shares, so I should be receiving a fraction of a percent of 10% of 2 million dollars worth of some unnamed stock that may or may not be restricted as of today. Let me check my account.... nope, nothing.

OK, so maybe I get part of the "second class" of shares that will be issued.

"A second class of shares will be issued to the shareholder at 10 cents / per share or 8x its closing day average on the day of closing. The buy out will be paid out in a free trading shares of the buyer and held in an escrow account and released in 5% increments over 18 months."

The second payout is priced upon the day of the closing. What closing? The closing of the buyout? When will that be?

"The issuer intends to file the actual buy out agreement with Pink Sheets."

lol what?

Is that normal for a company to claim being bought out, mentioning some buyout details, but not naming the company doing the buyin'? Isn't it the other way around?