1. Did BORK aquire the exclusive licensing rights to produce & sell Kryon Terminator line of personal hard armor plates? And if so then –
2. BORK should have issued 150 million shares of BORK for all of the shares of JBIT but -
3. Based upon the information apparently provided by BORK to FINRA (see post 2575 by JoeDaddy) there are only 29,744,490 total shares outstanding meaning that the 150 million shares apparently were not issued to JBIT and if so the agreement to transfer ownership of JBIT (including the “exclusive licensing rights”) to BORK would probably not have taken place.
4. If and when the “exclusive licensing rights” are ever transferred to BORK, those rights per the GPGI press releases only appear to pertain to the Kryron Terminator line of personal hard armor plates. There is no indication that they apply to ANY OTHER products including helmets, vehicle armor, etc.
5. Based upon the GPGI press releases it would appear that JBIT had the exclusive licensing rights to produce and sell the Kryron Terminator line of personal hard armor plates. What rights would Bourque Alloys have then?
Extracts from Press Releases of GPGI
9-13-10
Gilbert, AZ, September 13, 2010 (BUSINESS WIRE) – The following is being issued by Global Platinum + Gold, Inc. (PinkOTC:GPGI):
Global Platinum + Gold, Inc. is pleased to announce that it has executed a Letter of Intent to acquire all of the issued and outstanding shares of JBIT, Inc., and all of the membership interests of Bourque Alloys LLC, subject to approval by the shareholders of Global and JBIT and the members of Bourque Alloys.
The principle assets of JBIT and Bourque Alloys consist of agreed upon exclusive licensing rights to produce and sell the Kryron Terminator line of personal hard armor plates.
9-20-10
The recently issued Press Release dated September 13, 2010 indicated that Global Platinum + Gold, Inc. would be acquiring all of the membership interests of Bourque Alloys, LLC. Further due diligence has revealed that it will not be necessary or advisable to do so. The principle assets consist of intangible assets (licenses) that have already been conveyed in any event to JBIT, Inc. and or the Company. The additional accounting and auditing costs have also contributed to this decision. The Company’s Management apologizes for any confusion in this matter.
11-09-10
A Special Meeting of Shareholders of Global Platinum + Gold, Inc. was held on the 29th day of October in Tucson, AZ, pursuant to notice. On the record date of September 17, 2010, there were 148,052,449 common shares issued and outstanding and entitled to vote at the Meeting. 90,363,477 common shares were present or voted by proxy at the meeting or the adjournment thereof.
At the Meeting held on the 29th of October there was some confusion as to the actual count of shares voting and the Meeting was adjourned until 4:00pm on Wednesday, the 3rd of November at the Company’s offices in Gilbert, AZ. All shares voting were tallied and certified by the Company’s transfer agent, American Registrar & Transfer Co of Salt Lake City, UT. Each of the five proposals voted upon required a majority of the issued and outstanding shares voting in favor of the proposals. All five proposals were passed, namely: (a) the name will be changed to BOURQUE INDUSTRIES, INC.; (b) Agreement and Plan of Reorganization approved whereby Global will acquire JBIT, Inc. in a stock for stock exchange; (c) increase in capitalization to 500,000,000 common shares and 100,000,000 preferred shares; (d) added a Article to limit the liability of Officers and Directors of the Company; and (e) approved a one for five reverse split of the Company’s issued and outstanding shares, with the lowest percentage vote being 57.47% for the one for five reverse split of the Company’s issued and outstanding shares.
2-07-11
PLEASE BE ADVISED THAT THE EFFECTIVE DATE FOR THE NAME CHANGE, REVERSE SPLIT AND NEW SYMBOL CHANGE WILL BE FEBRUARY 7, 2011.
Pursuant to the vote taken by the shareholders of the Company at its Special Meeting of Shareholders held on October 29, 2010, and duly adjourned until November 3, 2010, by a majority vote the following proposals were all adopted and approved by a majority vote in each case as follows:
1. The name of the Company is BOURQUE INDUSTRIES, INC.
2. An Agreement was approved whereby the Company would acquire all of the issued and outstanding shares of JBIT, Inc. in exchange for 150,000,000 restricted common shares of the Company.
3. The Company’s shares issued and outstanding shares are reverse split on a one for five basis.
4. The Company’s authorized capital was increased to 500,000,000 common shares, $0.0001 par and a preferred stock was created consisting of 100,000,000 preferred shares, $0.0001 par.
AI
