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Re: nobody12378 post# 11615

Thursday, 03/10/2011 2:35:23 PM

Thursday, March 10, 2011 2:35:23 PM

Post# of 52845
You're correct that we shareholders really don't know what is really going on. However, I do know that cancellation of the 50million, or any shares for that matter, could only take place if it were sold back to GERS itself. Who else would have share cancellation authority?

As to YA Global selling its position for bottom dollar, this is conceivable if they were assured that billions more shares would subsequently be issued to them.