The conversion process was laid out in the July 20 letter to the shareholders. They hired an attorney to file the SB-2 and I was told by Jeff on Aug 29 that it was being done "as we spoke". Now he tells you it has not yet been filed and to "check back in a couple of weeks". This means approx 11.5 million shares (over $22 million dollars) of GBRC stock, held in escrow, cannot be traded by it's legal owners, until they do what? Maybe they should hire a better attorney or they may wind up in a courthouse before they wind up on the AMEX. JMHO http://www.globalresourcecorp.com/Investor_Relations_files/shareholder_letter_07242007.pdf
They're trying to ease their way out of a difficult situation. For a start there was the whole Mobilestream boiler room stock sale stink which doesn't fool anyone. Then on top of that if insiders end up with massive shareholdings on the back of a deal with people in Costa Rica that no one knows anything about it looks doubly bad. This whole Mobilestream phase is an albatross they want to get rid of. What they thought they were doing buying into such a dodgy deal is beyond me, well not as beyond me as it was when I first appeared on here. I've found out a lot more since.
Market Data 
Markets 
AI
