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Post# of 157299
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nilremerlin

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nilremerlin

Re: be_real post# 147202

Wednesday, 08/14/2013 10:34:54 PM

Wednesday, August 14, 2013 10:34:54 PM

Post# of 157299
NOTE 3. RELATED PARTY TRANSACTIONS

The accounts receivable from related party at June 30, 2013 reflects trade receivables from Global Telesat Communications, Ltd. (“GTCL”) of $57,278. GTCL is a related party based in the United Kingdom and controlled by a current officer of GTC. Total sales to GTCL for the three and six-months ended June 30, 2013 were $168,480 and $296,005, respectively, and account for 32% and 30% of GTC’s total sales for the respective periods. In 2012, GTC began charging a 10% handling fee on all GTCL orders.

nilremerlin

New long-term bull market from Oct. 16, 2008 (+6 months for
underbubble overreaction) to Feb. 5, 2018 (+6 months for overbubble
overreaction).

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