In another matter CGAQ has received concerns from investors regarding discounted free trades that were sold to raise money for company expansion posted on the 3rd quarter financials; this is currently being revised and will be corrected in the yearend financial report.
On this matter Mr. Swank stated, "I'd like to thank the people who brought this to our attention, once I heard of this matter I got in touch with the company's CPA and we are having them revised as this is a horrible mistake. Selling discounted stock to keep the company debt free and yet continue to expand is something normal for public companies, but discounted at the prices that have been posted is just ridiculous."
These guys are still unloading shares at a 50%+ discount. Nothing has changed except dilution of another 50 million shares over the last few months. They continue to dilute shares at "ridiculous" discounts that Swank himself said was not the case.
The only correction I see on the sale of shares is the sale on 12/10. They previously listed the 8mill+ sold at .09 when in fact they were sold at almost half that! The only mistake was they reported a 46% discount when in actuality it was a 67% discount! These guys cant even keep their lies straight anymore.
Since January alone they have diluted 22.5 million shares sold at about .0055. The pps at the time was anywhere from 1-2 cents. Do the math.
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