Replies to post #69774 on Gifa Inc (GIFX)

[Dingster]

No doubt everyone is very happy with the updated filings and why not. GIFX is communicating, getting ready to be current and the CE removed...what is not to like. All of those who own shares will see HUGE action as soon as the CE is removed...if you sold out and are not in now you can get in then...at $5.00!!!!!!!!

[Dragon Lady]

Lowering the OS from 160 mil to 69 mil is awesome.

What is so awesome about trading common shares for preferred? The float remains the same. Only means that when GIFX sells Kisa and Ilksen Yesilada will get payed for their preferred shares instead of common shares. Much neater that way, as control of the company rests in preferred shares rather than common.

Correct !

I haven't checked recently - but isn't the GIFX "special preferred class" set at ONE PREFERRED SHARE = "10,000 common share votes" if I'm not mistaken ?

That is to give Kisa/Yesilida TOTAL CONTROL and "wipe" any ability of any "common shareholder class" to have a "say" in ANY voted upon/voting matters "of the company".

In other words - it's essentially a PRIVATE COMPANY ALREADY for all intents and purposes as the TWO INSIDERS hold a vast (well, well over 51%) and more like 55% or greater total "voting control block" and thus the majority on all "controlling matters" GIFX.

Imagine - a "BILLION DOLLAR fantasy global conglomerate with NO proper seated Board Of Directors and TWO GUYS from who knows where in the TRNC control it all" while pitching common share toilet paper to OTC penny marks in the US while GIFA INC 99% chance does not even keep a US based bank account - still to this day LOL !!


Kisa acting alone can bust this thing up, pitch it to a shell broker - dump it, sell it, do whatever he wants now and NO ONE holding common shares can say "BOO" about any of it.