GC China Turbine Corp. (GCHT)

[FanPaw]

O.k., the insider ownership of ~55% of GCHT's shares as filed with the SEC checks out. The shares are held by Golden Wind Holdings in a voting trust. These shares are locked up for two years until Sept. 30, 2011 and may not be sold by the insiders during that time.

The free riders with their close to 7.7 million shares of GCHT continue to be unidentified; by logic they would have to be prior officers and directors of the former shell Vista Dorada Corp.

This is of no concern to us minority shareholders. But I am amazed that Lucky Charm did agree to such an extravagant number of free loaders to retain their shares while contributing essentially close to nothing to GC China Turbine Corp.