Global Earth Energy Inc. (fka GLER)

[nodummy]

GLER - people also need to learn to read the filings. If they did they'd understand that no deal has been finalized yet and no money was received yet.

Starting with the 8K discussing the agreement between Modern Coal and GLER.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7956017

Here is what each side is responsible to provide in their agreement before it is able to be executed:

(a) Modern Coal shall contribute its interest in the Coal Project.

(b) Global Earth Energy and Global Earth Natural Resources shall fund production and sales of coal from the Coal Project, and agree to provide $10,000,000.00 as equity for the Company, within five business days after the receipt of proceeds from Global Earth Natural Resources. Further, Global Earth Energy and Global Earth Natural Resources will provide additional funding of $10,000,000.00 as equity for the Company within 30 days of the receipt of said proceeds from Global Earth Natural Resources. Further, Global Earth Energy and Global Earth Natural Resources will provide additional funding of $5,000,000.00 as equity for the Company within 45 days of the receipt of said proceeds from Global Earth Natural Resources. In the event that Global Earth Energy and Global Earth Natural Resources are not able to provide the financing described in this paragraph, then the Company shall dissolve and neither of the Members shall have any liability to the other hereunder.


Where do you think GLER is going to get $25,000,000 from?

They have only $21,000 cash. No revenues. No business operations. Over $4,000,000 in debt. And an accumulated deficit of around $15,000,000.

This just like all the other deal depends on them getting the fake $100 million from the fake financing company, LB Tim Co Ltd. If they don't get the financing the deal gets canceled. It is clear as day in the filing.

So they can keep signing all the agreements they want, but none of it means anything.

Did anybody take the time to research Modern Coal and see if the company sounds like a company that could be worth tens of millions of dollars?

The company started out with a mailbox rental as their address then the address got changed to the very modest home of the CEO of the company.


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Now let's look at the 8K for the Samuel Coal agreement:

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8001614

This agreement is also very misleading. It tells you that the agreement calls for $7.5 million dollars to be paid to Samuel Coal.

Then they tell you that a down payment has already been made to Samuel Coal. They do not tell you how much that down payment was. For all we know it could have been $100.

The $7.5 million isn't due until August 11th, 2011 which gives GLER 7 weeks to milk this fraudulent and misleading agreement.

The consideration for the Shares is $7,500,000.00 to be paid to the Sloans by August 11, 2011.

Did anybody take the time to research Samuel Coal and try to look up their alleged mining permits?

Did anybody bother to research the $91,906,300.00 evaluation done on the brand new Global Earth Natural Resources entity? I did and posted those findings on the dd forum a few weeks back. More big red flags and in my opinion very clear signs of fraud being conducted by GLER.


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Now let's look at yesterday's press release:

http://ih.advfn.com/p.php?pid=nmona&article=48230407

Which is now a misleading 8K filed by GLER also:

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8015924

This one has dilution written all over it.

First they don't give you the name of the large international coal purchaser. Huge red flag.

Second the numbers are absolutely ridiculous. $360 million from a $25 million investment. GLER can throw out these types of ridiculous numbers because investors will buy it and none of it is real anyways. Another red flag.

Third they mislead you by saying they got $28 million upfront, but they didn't get any money yet. Read the press release carefully. It says they have received $28 million in the form of a letter of credit. Meaning it is money that they are guaranteed up front only once all the terms of the contract are finalized. I see some posters have jumped all over this completely ignored the letter of credit part and using it to mislead other posters into thinking $28 million has already been received. I believe the whole deal to be a fraud anyways, but assuming it was real this is another red flag. Notice the part about the $28 million letter of credit is left out of the 8K completely.

And the most important part of the press release of all is people need to realize that this "contract" has been signed with a coal purchaser to purchase coal which will come from the Samuel Coal property.

GLER has no ownership in the Samuel Coal property. They have to pay $7.5 million before that agreement can close as discussed in the previous section of this post. So this is yet another agreement that cannot happen unless GLER gets the financing from LB Tim Co Ltd.

It's a big domino effect.

No money from LB Tim Co Ltd means no Modern Coal deal.

No Modern Coal deal means the Global Earth Natural Resources entity gets dissolved.

No Global Earth Natural Resources entity and No Modern Coal deal means no purchase of Samuel Coal property.

No purchase of Samuel Coal property means no $360 million contract with the unnamed large international coal purchaser.

All the dominoes fall down. But the way that GLER tries to word everything is all done to mislead investors into believing they already have all this money and they already have all these done deals. It's a scam in my opinion plain and simple. It all starts with the fake financing deal with LB Tim Co Ltd that GLER published and then it branches out from there. All meant to mislead investors about deals that will never end up happening and revenues that will never really exist for GLER while super discounted shares are issued, free shares go to "consultants" and insiders, and tons of shares get sold into the market. People need to learn to read the filings and press releases carefully and follow this fraud all the way back to January to understand what is really going on.

Did anybody bother to research LB Tim Co Ltd to find out they are a company that doesn't have any where near the $100 million to be able to invest in a real company let alone a failing penny stock?

Did anybody bother to research the way the outstanding share count has been growing by the hundreds of millions in recent months while all these ridiculous deals are set up with the assumption that $100 million will come from LB Tim Co Ltd just to end up being canceled?

Did anybody bother to research and find out that the fake financing agreement with LB Tim Co Ltd officially expired in April and was never official extended again in an SEC filing.

Did anybody bother to research the true financial situation of this company?

Did anybody bother to research the history of this company and the insider of this company from back even before the fake LB Tim Co Ltd financing agreement?


Some of my recent posts about these things:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=64717635

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=64717534

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=64717737

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=64717888