Gepco Ltd (fka GEPC)

[Potse]

swampboots...added to my position....

If WFAM points officialy in even a cloudy direction of entering some arrangement this stock can do a very quick ultra super lottery move...cancel all vacations.

I picked up some additional shares under the 2-cent level in January. WFAM is definitely a high risk type of investment (for a number/variety of reasons), but the potential for a pretty nice move upward makes it worth having a position here. Some of the lower-priced China-related stocks seem to be attracting more attention from some of the momentum groups/players in the last few weeks/months or so. And there are aspects to this reverse merger company (Clairnet) that I could see as being reasonably attractive/easy for stock awareness/promotion campaigns.

The "clairnet.mobi" website registration had been allowed to expire in early February, but I see the IR/consultant/advisor firm (Ocean Eclipse, http://www.oceaneclipse.com/ ) that is connected to this company renewed the registration last weekend.

All things considered, I find the risk/reward around the 2-cent area to be reasonably attractive. According to the reverse merger agreement, Clairnet is not suppose to show any significant level of debt/liabilities. So, if the second phase of the reverse merger gets completed, I should own a relatively debt-free operating company at a market cap of about $1M. If the RM does not get completed, I will own a relatively debt-free shell with a market cap of either $1M or $250K (depending on whether I include/exclude the 36.5M controlling block of shares given to Clairnet).

Liabilities. Clairnet does not have any debt, liability or obligation of any nature (including guarantees or other off balance sheet arrangements), whether accrued, absolute, contingent or otherwise, and whether due or to become due, that individually or in the aggregate exceeds $20,000.

http://knobias.10kwizard.com/filing.php?param=&ipage=8468498&DSEQ=2&SEQ=&SQDESC=SECTION_EXHIBIT&exp=