On October 27, 2011 Mindpix Corp. (Pink: MPIX) announced it had signed an agreement to acquire 25% interest in Gilman Metals Corp. in exchange for 100,000,000 shares of 144 common stock in Mindpix Corp. (MPIX)... Mindpix had announced that it had arranged for $500 million of Funding for Gilman Metals. Gilman Metal's is pleased to announce the confirmation of it's first to be issued Stand by Letter of Credit (SBLC) in the amount of euro 150,000,000.00 (One Hundred Fifty Million Euros). This SBLC shall be secured by Gilman's precious metals assets; that far exceed the face amount of the instrument. The issuance of the SBLC will take place no later than the 1st November 2011.
Besides, isn't the issue really the problem with the SEC's problem with the EmaxMedia deal? What does MPIX claim to have without them and the $300 million(coughcoughBScoughcough)library?
"To argue with a person who has renounced the use of reason is like administering medicine to the dead."