Replies to post #26945 on Globe Photos Inc (fka GBPT)

[poker_vol]

Two questions:

1) If the Medify by itself is worth $15 million in total, why was the current value of Petel, with Medify 100% owned, only worth $12 million?

2) Every Petel release has the obligatory "forward looking statements" CYA clause at the end which reference the risk factors in the Company's 10-KSB on file with the SEC. If anyone can offer evidence of anything ever filed with the SEC by either Medify or Petel, please let me know.

[Ben88]

Petel stated,

"Petel Inc cannot distribute shares in another company to its shareholders. Petel Inc can only pay dividends in cash or in its own shares....."

Is there someone qualified to confirm the validity of such a statement or repudiate this statement? If you know anyone qualified to comment on this, please ask them.

Didn't Petel initally want to do this with the a2a shares, but did not do it, not because it could not do it, but because a2a shares was listed on the PLUS market in UK and it was too troublesome and costly for PTEL shareholders to trade the a2a shares on the PLUS market in UK.

The "New entity" is supposed to be listed as a Pink Sheet company in USA, and easily marketable. There should be no reason Petel Inc cannot distribute the 20,000,000 shares to PTEL shareholders.

I am not prefessionally qualified. However, I think believe Petel Inc can distribute shares that it holds of another company to its shareholders in the form of a dividend if it wants to. There may be certain procedures to be followed, but it can be done.

Personally, I have experienced this twice. As a shareholder in Company A, I have received from company A, shares that it holds of Company B, distributed as a dividend to company A shareholders. However, the two companies that did this was not a US company. One was in Australia, the other in Asia.

Ben