Replies to post #1741 on Global Resource Corp (fka GBRC)

[FoggontheTyne]

dragon man I totally agree, the msrm fraud was put into action when the shell was bought as a vehicle. I think two streams of share capital existed: one for the acquisition and another for the boiler rooms. This split was planned and executed by a kind of consortium that was laundering money from whatever source [we don't know].

I think it's actually commonplace for these shells to be fronting dodgy financial manoeuvres and by the time everyone has worked it out the boiler room has skimmed off the money, everyone has been paid off the the "investors" are left to sort out the mess.

Many of you guys have bought the resulting stock on the pink sheet market, but others such as my parents were pressured by boiler rooms into buying at the ridiculous price of $5.25 back in 06.

This stuff is not going to shift for a while.

[pacor]

It would be 'neat & tidy' if that was the situation. SEC finish their bit and GRC convert. Bring it on!

Its more likely that GRC are dragging their feet (no update of any sort as to progress/lack of with 'effectiveness of filing') until they sort a successful demo and gain a subsequent shareprice hike then the MSRM/CRC potential sell would not be a big problem, which surely would be the case if they converted now. This seems to me the logical explanation.

I am currently waiting for a response from the SEC re any update on registration filing/effectiveness.

Of course it could be that matters sre just taking lomger than expected....historical issues, etc, but if so, why not give shareholders a minimal update?

On the prototype issue I remain puzzled about delays here re tubes. With the supposed potential for the technology one would expect no lack of serious backing, whether financial or technical just to get things moving....

All this IMO