Replies to post #3350 on Jiangbo Pharmaceuticals, Inc.(fka JGBO)

[jdsgungho]

carl i likey likey what you say -gtec is looking better to me each day as my due is slow to come so far -but i dig what your saying and dont plan on sidelining this much longer__ glta

[carl_52fl]

To try to make a long story short:

The merger agreement of Oct. 1st gave the old GTEC 25% of the new company, and LJPC 75%. LJPC's shares after being converted to common shares were 299+M or for simplicity sake 300M. Old GTEC holders including management stock options were 100M.

Checking the Oct. 9th SEC filing, the LJPC's share distribution of individual owners totalled about 292M. There is no mention of the 8M in escrow for Greenview Capital after they complete their equity financing task, but I will assume they are there, since they are not accounted for anywhere else.

This is the 2% of the company's stock referred to in my last post.

We also know that fully diluted shares are now 430M since Pope financial bought an additional 30M for $8.2M.

It may be advantageous to inquire with Mr. Crocker to what are more details of the terms of GTEC's agreement with Greenview Capital, such as, after the stock price rises, must it be within a certain percent discount to current PPS, etc.

There is no stated deadline for Greenview, but you would think they would be highly motivated, seeing that, upon completion of the $30M in financing, they have 8M shares.

[Long-vestor]

yes carl but this is not anymore than an agreement of a 2% commission for obtaining 30 million financing.. 2% placed in an escrow account.. There is no mandate nor regulation that GTEC must conduct any financial loans.. This, be it so. as you are saying is like a forced deal and loan.. GTEC has no responsibility or compelled into a financing agreement from Greenview or anybody for that matter. Especially as loan agreements of financing transactions can become so variable.. There is nothing here to say; if deemed by the BOD that the financing was not needed or required, this is mandatory.. And as it is, I'd guess to say the current or past deal with Pope could cause a partial release of this 2% and there yaw go.. Greenview gets their percentage of the past deal,, contract done.. Bye greenview, see yaw.. . ..

I do not know why you are viewing this as a done deal, Not to say you are not a supporter of GTEC but it appears a bit pessimistic..

You can not force a business to take a loan.. heck especially after the Pope deal. The company learned that, we were not to happy about becoming shorted at that price.. I am sure several shareholders expressed this to the company, not just the IR firm but directly to GTEC.. ..

Not to discount, at the same time thesubway dot com diluted into our float that day.. But the shareholder sediment on that Pope transaction was negative as well..

Moreover, this is just a commission placed in an escrow account.. With the current values of GTEC, minimum, .42 and potential, $1.05 ,, GTEC would not seem to smart to be giving away shares again for .30 cents, or even a buck until and after an up-listing took place and the better markets have an opportunity to make their vested interest..

Besides all that, I am not to sure, GTEC is completely satisfied with Greenview these days.. Moreover, this 2% or 8 million shares might be viewed to some as an overpayment, (rip-off) and financing at .30 or a buck for that matter, further overpayment for loans and loan processing too..


Pope scored, and from what i've been told our new chinese company is new at this game, just learning how to deal with the US market and all that.. I don't think to many other companies, if any, are going to be allowed to score like that again..


yaw got to keep in mind as well: some of these pre-merger, and merging deals happend when the PPS was .10-.12 cents, things have changed dramaticly today.. that 8 million shares are now worth 3 times that agreement,, and an low estimation of 4 times it too. further optimistic estimation; 10.05 times that..

kind of sounds like not such a great deal these days eh?