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Re: ebaykamel post# 2473

Friday, 03/06/2009 10:39:26 AM

Friday, March 06, 2009 10:39:26 AM

Post# of 5678
This is the kind of stuff I'm worried about:



a) On August 7, 2008, the Company issued 10,500,000 shares to settle $45,000 of accounts payable. The Company recorded a loss on settlement of debt of $333,000.


b) On August 20, 2008, the Company issued 13,500,000 shares to settle $30,000 of accounts payable. The Company recorded a loss on settlement of debt of $253,500.


c) On September 17, 2008, the Company issued 20,000,000 shares to settle $20,000 of accounts payable. The Company recorded a loss on settlement of debt of $104,000.


d) On October 2, 2008, the Company issued 19,500,000 shares to settle $15,000 of accounts payable. The Company recorded a loss on settlement of debt of $111,750.


e) On October 16, 2008, the Company issued 24,000,000 shares to settle $15,000 of accounts payable. The Company recorded a loss on settlement of debt of $73,800.





Also ....................................................

I just noticed that the CEO and Directors have not filed a Form 3, Form 4 and Form 5 for the past two years.

Tell the CEO not filing is a violation of the SEC Regulations and the SEC can stick it to GXPI if the CEO is not in compliance.




Of course _ all is IMO

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