Replies to post #11402 on GSI Securitization, Inc. (fka GSII)

[skibum2k]

GENE, thanks for keeping us informed through your posts. FWIW, I called Gil last week with no reply. He left a message while I was out (figures) stating he was out on the road.

I would keep your lawyer buddies on your speed dial list.

[jerseyboy]

Gene,

I could provide details which would completely explain the situation, but I feel as though I am constantly riding the line between disclosing information which I should not be disclosing and trying to provide enough information to keep shareholders minimally informed.

Where we are as far as the 15(c)211 is this: regardless of whether or not we can compensate someone to do the filing, we do not yet have the third quarter financial statements to include in the filing. The reason for that is that closing the books for the company has become more complex in the third quarter due to a positive change in the company's operations and the way it reports its results of operations. The good thing, for those who have confidence in me, is that I am in the middle of the whole situation, and will be working on all necessary elements of the situation to get the company's third quarter results finalized.

However, due to the fact that developing the requisite accounting is somewhat complicated and that I am now quite busy with my regular job until mid-December, I only have limited time right now to devote to doing so. You can be sure that I will devote all the time I can find to the cause, because I am quite cash poor at this point and need this thing to trade as much as anyone else.

I wish I could be more specific, but I can definitively tell you that the company's operations are consistently continuing to develop, with the difference between all the years prior to 2009 and now being that a funding source through which the company can buy and collect receivables has been found and is actively doing so.