Green Cures and Botanical Distribution Inc (GRCU)

[yaadmon]

Not very happy about this R/S at all but I do have to say that that this is looking like the company is trying to straighten out the company for some reason. I am starting to suspect that management have truely engaged in some partners or major investors in the company. Look at what they are doing:

Filed Finacials
Reduction of shares via R/S
$7,000,000 investment

If any investor was interested in a company the first thing they will look at is the share structure which was way out of whack. There was a PR sometimes back stating that investors were in place and the company was looking to start implementing actions in October. Thus the Corporate action tragedy. See below:

Triton Announces the Finalization of a Recapitalization Agreement With Foreign Investors From the Orient
09/16/2010
"We have finally successfully arranged for the Recapitalization of the Company through several Investors from the Orient. This plan will start implementation by the middle of October and will continue for the next six months.

I am starting to think the company really intended to cause as minimum damage to shareholders as possible when planning to reduce the share structure (at the investors request) but was not 100% clear on how they could do it. They tried the buyback but because of loopholes it forced them to a R/S. I know noone wants to believe in management but it looks like this is the result of a corporate plan that is going on and will for the next six months per the above PR. The unfortunate part is that we may end back up at .0001 during that time.