Gulf Resources, Inc

[Rayhuh]

GFRE sues WarChest Fund not to sell shares

https://iapps.courts.state.ny.us/fbem/DocumentDisplayServlet?documentId=tirVQewp3Ws00FTGsPLToA==&system=prod


In 2009, GFRE repaid a loan from 2007 by issuing shares to three chinese entities to become debt-free. WarChest fund now obtained their shares and owns about 15% (5,25 Mio) of the float. WC wants to sell all shares, which is against the original contract and the point of this discussion.
After March 2011, they will be able to sell with certain limitations (haven't seen the last part at first glance, 2% monthly?).

See the first 9 pages of the document, as well as the very last 2 letters by the attorneys for quick info.