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Re: mmayr post# 177

Saturday, 06/22/2002 3:35:33 PM

Saturday, June 22, 2002 3:35:33 PM

Post# of 200
Massive dilution or no-go on the RM, take your choice of poison:

7. Sinobull was to have been reverse merged by May31st, what happened to that one?

a) The SEC asked GTCI to redo the proxy....There are about $2 Million in outstanding loans and GTCI creditors having trouble converting with the low shareprice...So it really comes down to existing GTCI shareholders who aren't ready to accept the huge dilution.... It will happen when they come to an agreement with their creditors..

imho, Jerome

imho, Jerome