General European Strategic Invt's Inc (GESI)

[nodummy]

The company did give official word in the most recent amended Attorney Letter with Respect to Current Information filed yesterday:

http://www.otcmarkets.com/financialReportViewer?symbol=SATM&id=62912




I find it interesting that they did an amended filing with the Nevada SOS, but did not take Christopher Whitworth off as a director especially since according to somebody that has been very close with the company in the past, the company has never heard of Christopher Whitworth:

"Today I got a return call from the company regarding a call I made yesterday regarding the board members as I had the same questions and I was told they have never heard of Christopher Whitworth"

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=67601438


On the surface it is probably a good thing that Chalela resigned, but in reality it could be very bad since he has control of those 1,000,000 preferred shares with a very colorful group from Tampa Bay (Craig Huffman, David Chalela, Mark Pena, and Alex Stavrou) with a very interesting history as detailed in the post I made on October 18th:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68109529

Those 1,000,000 preferred shares either convert to 50,000,000 common shares going by the information filed with the Nevada SOS when those preferred shares were designated

OR 471,028,000 shares if you go by what is in the last annual report:

http://www.otcmarkets.com/financialReportViewer?symbol=SATM&id=47901



I noticed that the most recent initial company disclosure filing they say the preferred shares convert into 1 common share each.

If he is no longer an officer he will no longer have the same restrictions when it comes to selling shares. Could it be possible that this group of Tampa Bay attorneys might now start to convert and sell those preferred shares a little bit at a time?




And who is Krystal Kennedy? I don't recall seeing her name mentioned in the initial disclosure statement or any subsequent or previous filings done by SATM



I think people need to be very very careful here. A lot of stuff doesn't add up. Too many promoters involved, too many colorful characters with questionable pasts, and way too many inconsistencies with filings and information provided by the company.