Global Poletrusion Group Corp. (GPGC)

[bucketsofloot]

Just received this via email from SBRH, 11:06 AM, C.S.T., 09/25/2012:



Thank you all for the continue support of Sebastian River Holdings!

After much consideration from the Board of Directors, myself and you the Shareholders’ input, we have entered a motion to ‘freeze’ our Authorized shares for the period of 1 (one) year. This resolution encompassed our long-term debt holders who have further agreed not to enter any conversion into equity that would surpass the Authorized shares, allowing full protection of stock classified as Common. The adoption of this resolution took place on Friday, September 21, 2012.

The company’s status with OTC Markets, Inc. is delayed. We have been requested to submit specific disclosures that we did not have on record so we have turned to our Legal Counsel and Accountant to produce the necessary information in the requested format, we should be seeing the final product of this on Friday and pending review period move to the Current Information tier shortly thereafter. While we are frustrated with this temporary hold-up-- we do want to be certain that we meet all the necessary points of disclosure under the Alternative Reporting Standard. I’m personally overlooking and insuring this information is being produced in an expedited fashion.

To read the entire Resolution fully executed by all debt holders and the officer of the company: Click Here!

Sincerely,
Dan Benjamin,
CEO & Chairman