Yeah, I see what you're saying. There were so many 8k's filed that I missed the main one that tells it like it is which is what you are saying. It totally blows my theory out of the water! LOL Duhhhh. Oh well, it puts $21M to chfi's bottom line and before this deal the loans were not going to be paid off in full ($21M) until 2011! It makes sense to me and I wasn't thinking that the 3 "Limited" companies may have paid-off gfre's debt at $1/share and those 3 companies agreed to the lock-up agreement. That $21M sure will look good in the coming N-Q! It's even better than I thought.
I needed to get a handle on this before this week's trading and although I missed it myself, you pointed it out and thanks for that (and the board's patience).
>>>...the parties have agreed that in lieu of repayment of the Loans, the Company shall issue 21.0 million shares of Common Stock at a price equal to $1.0137 per share (the "Shares") to the following companies (the "Holders"), which are assuming the Loans from Shenzhen Hua Yin, and in the following amounts.
� Top King 6 million Shares
� Billion Gold 8 million Shares
� Topgood 7 million Shares
Upon the issuance of the Shares, the Loans shall be deemed paid in full and shall be cancelled.
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