Are you kidding me??? Why haven't you or anyone else figured this out yet?
The so called "$960K private funding" came from issuing (dumping) shares. The source of the funds came from the shareholders.
GDHI issued 2x200M shares on Feb 5th, 2010 for .0006 per share. Now shares were trading for between .0033 and .0040 that day, a full 6X the issue price. Who ever got these shares immediately turned around and sold (dumped) them in a likely prearranged agreement.
Check the stock chart. Feb 5th is the start of the massive slide in the PPS from all the shares being unloaded. Do the math 2x200M at lowball avg .0033 = $1,320,000 minus the cost of the shares $240,000 = $1,080,000. Enough to cover the "private funding" and then some. Notice the PR of the "private funding" did not come out until Feb 16th yet the deal supposedly took place on the 5th.
No matter how you slice it shares were exchanged for money and the ultimate source of the funds came from shareholders. This equals dilution equals decreased shareholder value equals lower PPS. Did you notice there was no loan on the Q1 report for the "private funding"? You would think if you loaned someone $960K you would at least want to be listed in the liability section. It's not there likely because there is no one to pay back.
So why would GDHI issue shares for .0006 when they are trading for 6X higher? And why wouldn't GDHI have just issued the shares directly for the current market price? Because that would be considered dumping when a CEO sells unplanned shares that way. But I guess issuing shares to someone else so they can sell them is not dumping. If this "private institution" really put up the funding then why didn't they pay full price for the shares? That would have meant they really did put up the money. But "providing funding" when you are given shares for just 1/6 of market value...twist my arm... when was the last time someone handed you an instant 6 bagger and this because of your "strong belief" in the company. And when they sold these shares who does that mean ultimately provided the funding? And then you really think for one second they held shares and watched the PPS slide. This is impossible because the money didn't come until all the shares were unloaded first. The PR's and the stock chart support that.
Of course you could just check the float to confirm or not that these shares are now part of the float but the float stat on the website has not been updated since Dec 31st, 2009. So much for being transparent.
And if this was the dump then the pump came three weeks earlier when Penny Stock Chaser (PSC) started promoting the stock from Jan 15th - Feb 15th. PSC disclosed they were compensated 100M shares for the promotion. GDHI issued 2x100M shares on Jan 11th just 4 days before PSC started their campaign but I'm sure this is all coincidence since GDHI said they never heard of PSC.
And pump and dumps always end the same way. With a name and symbol change and a new attorney. They think it somehow cleans the books makes it harder to track.
Think about it. Do you really think some financial institution put up $960K to a start up with little to no assets, $20K in sales, during a global recession and the tightest credit markets in 70 years. If Frank can raise this kind of money on these conditions then he is in the wrong business, he should be a venture capitalist and not stacking wafer cookies on some store shelf. And do you really believe for one second that after working for free for two years to do all the leg work that he suddenly retired all his shares for free at the very ground floor before it all takes off just so he can now make a bunch of anonymous penny investors infinitely richer then him while he does all the work from here on out.....all this so he can create shareholder value when if he can get private funding then what does he need shareholders in the first place...
