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Re: terry_mathews post# 64829

Friday, 02/14/2014 12:22:25 AM

Friday, February 14, 2014 12:22:25 AM

Post# of 74539
THANK YOU terry-Matthews

for making me dig into SEC law. I am wrong with the 30 days. I was wrong in that sense.

NOW since I have read some of the SEC laws I a better promoter and I see what the company did.

GLER issued 8k form which has entered into a definitive agreement. Which is now bound by law and subject to penalties.

Item 1.01 Entry into a Material Definitive Agreement ...DEED and sign document by
ie: hhttp://www.sec.gov/answers/form8k.htm

Now they have four days to produce The super 8k document.
Item 2.01 of Form 8-K entitled, Completion of Acquisition or Disposition of Assets, generally requires a company to provide information following a transaction that is outside the ordinary course of business. The SEC reminds companies that an asset acquisition can result in a company no longer being a shell company in the same way that a business acquisition can. In the event that the asset acquisition results in the Company no longer being a shell company, all information required in a Form 10 Registration Statement, must be filed in a Super 8-K within four (4) days of the closing of the transaction

Now I am not a lawyer nor do I pretend to be one. That being said. I am taking that first document which is legal "8k"is notification of material definitive agreement signed. So the next step is the super 8 must be filed no later than 4 days and not the 30 days like I said. So I believe they did right thing. We wait for the super 8.

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