GSI Securitization, Inc. (fka GSII)

[jerseyboy]

The money is reinvested in buying more receivables so that the large gross margin can be realized on them. Gil has been reimbursed for expenses and paid a minimal amount of money over the past few years, but cumulatively I would estimate that to be in the very low double digits in terms of thousands of dollars, and he works on the company full-time bringing it forward. Other than that, he has not received a salary or compensation since GSI ceased trading. Gene's debt is a liability on the books of GSI, and hopefully when the company is rolled into a shell, all debts of the combined company will be repaid.