GLUV Corp (fka GVRP)

[MONEYMADE]

Timeline of Robert W Pearce’s mistakes GVRP:


May 16, 2005; Bob directed TA to give F/S shares to the insider prior to May 23rd ex dividend date.

May 17-May 19, 2005; investors called Interwest to question the trades, the answer was that’s the way they do things. They did not care the ex dividend date set by NASDAQ.

May 20, 2005; Bob directed a MM to cover but the price was up to high, the MM won’t take the risk.

May 22, 2005; Bob issued a PR to tell investors not to trade its stock and meanwhile to "work" with SEC.

May 25, 2005; after two days negotiating with SEC, there was no progress made. Then Bob increased common shares to 250 Trillion to cover the shorts and he backdated the amendment to May 20, 2005

May 26, 2005; J Giordano Securities Group (JGIO) was hired to help GVRP to cover since NITE JEFF and other major MMs won’t take the risk.

May 27, 2005; SEC stepped in and halted the GVRP trading after they found GVRP’s amendment dated on May 25, 2005 about 250 trillion shares to prevent Bob Pearce's dumping.

Needless to say, SEC was stunted by the outrageous share structure. The head of DOJ was called in. Department of Homeland Security was called in. Task force was formed to investigae the fruad. What’s the next trick from Robert W Pearce? Of course a very genuine trick. But Bob may overlook it again and will be caught by SEC again. Robert W Pearce’s CEO days are numbered.

Stay tuned…

source
http://www.ragingbull.lycos.com/mboard/boards.cgi?board=GLVP&read=468


Disclosure: All about is my own opinion and should be treated as such. No violation in my freedom of speech. If you inquire the story, I plead 5th. Don’t blame me, I learned from UC.