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Re: RIPPER post# 62510

Sunday, 09/23/2012 5:29:48 PM

Sunday, September 23, 2012 5:29:48 PM

Post# of 97615
Rignrog, the "other" company?

Jim, as CEO and controlling person of the other company, raised $9.0 milion cash, which was gone in a few months, then transferred all of the assets of the other company to him and/or his wife. There were Zero revenues in the other company, even after the $9.0 million was raised. Then Jim failed to file annual reports with the State of Delaware and pay taxes, forcing the State of Delaware to VOID the other company, while it was still publicly traded:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79768365

"Jim" has now caused the SEC to SUSPEND GTGP.

One has to wonder, at this time, whether Jim and/or his wife have already TRANSFERRED OUT ALL THE ASSETS OF GTGP, INCLUDING ALL CONTRACTS TO THEMSELVES.


I am not convinced to do anything but hold and buy more.. Jims "other" company was not even his for 7 years when it had problems.. Still holding and accumulating for me.. The dd tells me to