Global ePoint (fka GEPT)

[Unclebob9]

My friend who has been involved with managent like this before and is a full time penny stock wheeler dealer and has taken over Companies in order to protect himself in the past, looked into GEPT over the weekend at my request. This is his reply:

"It's a lose / lose situation for the stockholders.

The ONLY option I see for the stockholders, and assuming there are definite definite assets ON the books, is I would pass the hat to the more solvent stockholders, fund up, hire an efficient and experienced litigator and sue management into a favorable deal or into a friendly takeover. They won't want their shadiness from the past to get "out", during depositions, etc.

Everything else is pissing in the wind."

It cost him well over a Million $$ to take on a corrupt CEO of a shady oil Company and in the end he did get a settlement, but it was not enough to make it worth it.
If GEPT wins this lawsuit, what is to stop the CEO and his inner circle from just splitting it up and moving away?
I see these puney 100 share sells to keep the price down by Nite.
They can keep this up indiffinitely.

Bob