GLKCE. Franky is a sociopath. Read the letter carefully.
Told you they are cleaver.
Call in your certs one of the oldest screw jobs in the book.
Why do you think the TA is Gagged?
"I strongly encourage our stockholders to demand delivery of their shares."
You'll get your shares alright. The company will make sure of that. Think about it. you want to hold certs of a company with their reputation?
"During this time, I received many phone calls and email messages from stockholders asking why the company is not issuing any shares and why they cannot get delivery of their stock. I received several email messages from shareholders, which was sent by their brokers indicating that share certificates could not be issued at this time because (a) the company is going through a reorganization and that the "company" was not issuing shares at this time; (b) the transfer agent was not issuing shares at this time; and (c) that the company is in a "chill" mode and that shares cannot be issued at this time. None of these answers are true."
IOW they can issue stock anytime they want, or convert preferred to satisfy you getting your certs
Thats Frankie speak for you to call in your certs. Realize if you do so they are not liquid.
Their attorney Norman Reynolds is real cleaver at the filings and how to hide things within them.
Good old Doc Simpson has the same attorney.
There is alot of Preferred shares, not only of officers, out there just ripe for conversion and he is suggesting you get ahold of your certs. They are not immediately liquid if you do so.
If your going to trade this keep em liquid, Realize franks track record and the addage that actions speak louder than words.
I mean really, only a sociopathic scumbag issues S8 on Christmas eve.
Hope you make a fortune trading this but have no illusions of this companies ethics.
All IMHO
All the best
