Georgetown Corp (GTCP)

[jbsliverer]

A nice post from nodummy on the DD board about GTCP (go to link for pics)

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=75466080


GTCP - what the heck is going on?

So yesterday Mackie Barch sold his 400,000,000 shares of GTCP to somebody named D. Melvin Swanson for $25,000.

www.sec.gov/Archives/edgar/data/1508933/000107878212001225/f8k050812_8k.htm

Mackie Barch paid $383,000 for those very same shares.

Why would somebody take a loss of $358,000 plus give up any other compensation they may have been receiving by resigning from all of their officer positions?

In my opinion this is because it would be impossible for GTCP to be involved in a highly paid promotion with Mackie Barch at the helm after all of the attention Barch's other shell, SNPK, received during its recent paid promotions.

The way these APS shells all link to each other it wouldn't surprise me if Barch some how ended up getting way more than the $358,000 he lost by selling his controlling interest in GTCP when everything is said and done. He does appear to be nothing more than a pawn in a P&D game being run by powers far greater than he. It appears that Mackie Barch is still owed $116,865 which as a former officer he will now have an easier time turning into a convertible debt Note.


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So who is D. Melvin Swanson?

The 8K provides a "bio" on Mr. Swanson:

D. Melvin Swanson (“Mr. Swanson”) is the sole member of the Company’s Board of Directors and the Company’s President, Chief Executive Officer, Chief Financial Officer, Treasurer and Secretary. He is currently a senior partner at Ola Mesa Investments and has been since March 2010, where he is responsible for risk management in all aspects of the firm. From September 2006 to present, Mr. Swanson has also served as a strategic advisor and a member of the advisory board for Silica Management, where he advises on the company’s corporate risk in emerging markets. From September 2009 through March 2010, Mr. Swanson was the managing director of Stoneridge Investments, where he acted as the junior liaison in the risk management division, concentrating on equities, and managed the European Equities fund and bond division of Stoneridge’s portfolio. Prior to working at Stoneridge, Mr. Swanson was the CEO of Panther Consulting from January 2007 through September 2009, where he oversaw all aspects of Panther’s day-to-day activities, and focused on the company’s acquisition of oil and gas assets throughout North America. From August 2005 to January 2007, Mr. Swanson was a partner of CNM Management, where he managed the equities division and was involved in corporate finance and acquisitions and mergers. The Company appointed Mr. Swanson to serve as its sole officer and director, due to his several years of experience managing and running a business as well as his financial expertise.


Web searches using some of those named entities and D. Melvin Swanson turn up no results leaving this researcher to wonder how much if any of that bio is actually true.

The actual signed agreement for the sale of those 400,000,000 shows that D. Melvin Swanson is represented by none other than Carrillo Huettel, LLP

http://www.sec.gov/Archives/edgar/data/1508933/000107878212001225/f8k050812_ex10z1.htm



Since Carrillo Huettel, LLP can be linked to so many former AwesomePennyStock companies as well as past Kirk/Skymark companies that should come as no surprise to anybody.

The address given for D. Melvin Swanson in the 8K is as follows:

D. Melvin Swanson
142-108 Elliot Street
Whitehorse, Yukon Territory Y1A 6C4

Whitehorse, Yukon being the hometown of Mr. Swanson should also be no surprise since Whitehorse, Yukon is the hometown of Douglas Roe and Karl Gruber of Oro Quest Inc. (both Roe and Gruber graduated from FH Collins High School in Whitehorse, Yukon - class of 1991)

The very same Oro Quest Inc that sold GTCP a worthless mining claim for $15,000 to allow GTCP to have a business plan to help take the shell public.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74623962

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73137461

The same Douglas Roe that was a seed shareholder for SNPK through a business entity known as CHP Investments and same Douglas Roe that is strongly connected to Harry Lappa (NSRS) through GBEN and LUXE/SUNB. Douglas Roe was a officer/director of both the GBEN and LUXE/SUNB shells.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74417576


Speaking of SUNB. In D. Melvin Swanson's bio he says he was the CEO of Panther Consulting for 2 years.

Could that be the same Panther Consulting that is currently serving as the IR firm for Sunbelt International Corp (SUNB)?

http://www.marketwatch.com/story/sunbelt-signs-agreement-to-provide-water-turbines-2012-02-21-9000

Same SUNB that recently listed Douglas Roe as its IR person in their last OTC filing:




Remember it was David Baines that uncovered the connection between SUNB and SNPK:

Scott Broesky former CEO of SUNB predicted that SNPK would be used for a massive pump&dump back in December of 2010, several months before it even happened, because he knew some of the people behind the SNPK P&D which included the Shull family for whom he worked for with NTRO and SUNB.

http://www.vancouversun.com/business/Baines+Sunpeaks+stock+soars+higher+still/6450490/story.html


So does this all mean that GTCP is one step closer to becoming a major paid pump&dump promotion like SNPK was?

Yes, mainly because Mackie Barch is now out of the picture, but they will probably want to take some time to wait for people to forget about Mackie Barch before the real pump&dump action begins. And IF that P&D action ever does start (may never happen), keep in mind that just like all of the other past pump&dumps that can be linked to GTCP, GTCP was set up from day one to be a pump&dump meaning that there are lots of insiders holding shares that they received for next to nothing waiting to unload during any future paid promotions including yet another Panamanian entity (Karev Investments) that can be linked to the same nominal officers used by all the past APS connected P&D companies:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73395583

And I personally don't believe for one second that all of the seed shareholders listed in this old GTCP post actually own those shares and are not just holding them for somebody else.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73187601