CBQ, Inc. (China Business Quotient) (fka CBQI)

[Da !]

Have done some more research regarding the Global Logistics Partners deal CBQ made in May 1999.

Here is an excerpt from the CBQI 10QSB for the third quarter of 1999.

"On May 11, 1999, the Company acquired 19% of the outstanding interest of Global Logistics Partners, LLC, a privately held Texas limited liability company (GLP) in a tax fee exchange. This interest was acquired solely for the issuance of 4,233,200 common shares. Concurrently with the closing, Mr. Richard Williamson assumed the positions of Chairman of the Board of Directors, CEO and President of the Company, and GLP assumed day to day operational control of the Company.

During the period of this report, Mr. Williamson resigned and new officers were appointed, as well as new directors to fill vacancies. The Company has now initiated discussions with Mr. Williamson to rescind the acquisition of GLP and obtain the return of the shares issued by the Company to treasury."


Does anyone know whether CBQ was successful in getting its shares back?