Ouch.....private placement shares were sold for 50 cents per share.....some for 20 cents per share.......and the 10Q clearly stated the need to raise roughly $1 Million dollars for 2012.... that amounts to a rather LARGE bundle of discounted shares being "privately" placed ......
Michael Bongiovanni(Greentree, and previous insider of the shell) sold a block of 2.6 million shares for under 5 CENTS per share in August of this year......Mr. Bongiovanni is a very bright man and understands the OTCBB game. He also was a co-founder of Gaurdian Registrar and Transfer.......hmmm.... is Gaurdian the T/A here?
to be fair....there was a block of shares that went to Wall Street Resources factored at $1.70 per share...however these shares were passed to Wall Street Resources for services to be rendered(not cash)....the usual pump and dump services..."newsletters"- "email campaign"...."research report"....PR's.....
Wall street resources founder is Gerald Kieft....he caught the wrath of regulators a few years ago for, among other things, publishing a less than accurate research report...oops!
good luck!
Pink Sheets...where failing private companies come to die.
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