Replies to post #177 on Sinobull Financial Group (fka GTCI)

[myDDdotcom]

HI, yea, I talked with someone with old-GTCI about a week ago, who talked with new-GTCI recently. They had the paperwork done, but a filing was missing, so they had to go back and do the paperwork, but by that time a new filing was due, so they had to start over... they are probably paying for the filings by issuing shares, otherwise than just dumping out, and possible shorting from those couple of institutions that got bought out with equity positions, who knows... Anyway, apparently they have a couple of more pieces to put in the shell after sinobull arrives (which is still alive), that's the line that's being told, fwiw.

imho, Jerome

[myDDdotcom]

Massive dilution or no-go on the RM, take your choice of poison:

7. Sinobull was to have been reverse merged by May31st, what happened to that one?

a) The SEC asked GTCI to redo the proxy....There are about $2 Million in outstanding loans and GTCI creditors having trouble converting with the low shareprice...So it really comes down to existing GTCI shareholders who aren't ready to accept the huge dilution.... It will happen when they come to an agreement with their creditors..

imho, Jerome