Tuesday, February 18, 2014 12:06:15 PM
CEO Michael Shea said, "Gelpid realizes that in order for its judgment to have value, the Company must create value and we continue to explore a workable solution. In fact, one of Gelpid's principals has a private company (in the "hot" sector) that he would like to take public. I have offered to establish a subsidiary of Gold Coast, which would be spun out, to allow this to happen."
Shea further commented, "Regardless of my ethical beliefs of this 'sector,' I would be willing to entertain this idea for the good of the Company."
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