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Re: Double-Down post# 16953

Monday, 11/15/2010 6:15:37 PM

Monday, November 15, 2010 6:15:37 PM

Post# of 26430
I hope that they are not looking to move it to the 0.0002 only. Mgt team holds shares too. If they don't care about us as shareholders, they should at least care about their own wealth. If they only care to move it 0.0002, with the patent they have and the business opportunity. Shareholders and creditors (in GDTK case) can easily fire them, a lot of people have connections and management skills that can take this Company to other levels.

I read the financial and I am an SEC financial auditor, there is nothing in this financial that can take that long to have a complete audit opinion, unless there is no one working on it. The Company may be using this time to buy stock to have them available to pay-off the debts, this does not make any sense, as the traded volume can't support this and there is no cash to support this either. If there is available liquidity, it should be used for operation at this stage.
The Company can never get any financial support unless the financial statements are filed, especially that there is no available shares to issue based on the outstanding and the authorized shares, and with the existence of the debts that I am sure the existence of the pay-off clauses in case of any major financing activity.

Also, RS is a risk that can eliminate the stock value, but RS won't be a solution to pay-off the debts and there won't be available shares as well. There is no point of going through this now, the Company needs more authorized shares for liquidity. BTW, authorizing 40B additional shares can eliminate about $6M in debts, as much as I recall.
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