The Golden Lounge

[cagney]

Why GRSU .0175 could blast off next week, based on business model, management motivations, and small payload of 4 million float...

Just some anecdotal stuff based focusing on the motivation of the CEO Richard Mangiarelli :

"CHANGE OF CONTROL

On June 30, 2004, Richard Mangiarelli purchased 126,000,000 shares of Global Resource common stock from its former President, Chief Executive Officer, Director, and majority stockholder, Johnny Sanchez. As a result, Mr. Mangiarelli now holds approximately 52.5% of the issued and outstanding common stock of Global Resource. "

Now why did he want to mess with this GRSU stock, since he was already in knee deep over at CYBTE:

http://www.pinksheets.com/quote/company_profile.jsp?symbol=CYBTE

Well probably because CYBTE was going down the crapper:

http://www.pinksheets.com/quote/chart.jsp?symbol=CYBTE&duration=2-6-9-0-0-524

So what makes him think he can do better with GRSU?

#1 Looks like he is aware of financing and other pitfalls in generating capital in penny stocks, even complained to the SEC about it:
http://www.sec.gov/rules/sro/dtc200302/cybertel030503.txt

#2 Then the light bulb... his wife Janet Risher sold a bunch of stock in Feb 2004 to CHYS which set up a BDC exactly the business model GRSU is set up as...

http://biz.yahoo.com/e/040528/chys.ob8-k.html

and the stock value on CHYS has not had too bad returns since Feb 2004...

http://www.pinksheets.com/quote/chart.jsp?symbol=CHYS&duration=2-6-9-0-0-524

So what did Richard Mangiarelli go and do? He set up a BDC, and he set it up in the hot oil and gas markets... like he wants to cash in on major returns here:

http://biz.yahoo.com/iw/041014/074246.html

With still less than 4 million floating even after 6 months business, it shows he isn't exactly passing around the candy dish of newly printed shares to promo people and the like. Although he set up some convertible debentures, looks like he's got them structured so share price stays regulated.

http://finance.yahoo.com/q/ks?s=GRSU.OB

This Richard Mangiarelli fella seems to have learned all his lessons the hard way and now may be ready to bust out with a big play here at GRSU to cash in the big money with $5-$10+ shares.

With the oil at $58, there would be no better time than right now to launch this GRSU space vehicle.