IMO, before I would invest more money into BOCL, the company needs to be more transparent and provide additional information about their operations. In accordance with recent announcements, BOCL recently formed another private corporation called E-Clean Acquisitions Corporation (EAC) as a subsidiary to do its bidding with other subsidiaries and joint ventures. It was reported that it was EAC who signed a joint venture with the HIGA Corporation (private corporation). It appears from the records this corporation only recently filed with the State of Nevada on 11/12/2010. Little information is mentioned about the HIGA Corporation, its’ history, products and services, other than its business is rubber products on the Form 8-K. HIGA is not mentioned on the BOCL website even though the agreement was finalized on 10/31/2010. How could an agreement be finalized between EAC and HIGA when HIGA was not even a corporation in good standing with the State of Nevada until 11/12/2010? It appears BOCL provided HIGA 36M shares of common restricted stock having an affect of diluting the value for all BOCL shareholders. Something just isn’t right and a further explanation is needed.
These characters never put up actual funds for anything. The acquisition of subsidiaries and joint ventures are always done with the exchange of company stock. The same pattern of Pinksheet behavior occured with BCLE and ACLH while both of these companies supposedly have stock in BOCL. Be careful and don’t believe everything that is stated in any PR or on their website until further information is known. The PR’s and joint ventures could be just fluff to mask what is actually going on within this company. Everyone considering more investments in BOCL needs to search out the answers to these questions and post any information on the message board for the benefit of all the shareholders and potential investors. Contact Mr. Marchi for further clarification at 714-373-1930 or info@globalnutechinc.com. Insist on BOCL providing the name of the company counsel and securities counsel. There is no reason why this shouldn’t be a part of their Pinksheets information or the public record. GLTA.
