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kayakzz

09/27/11 8:18 PM

#12296 RE: dhjr123 #12294

They are issuing new shares, read the opinion of the attorney, Norman T. Reynolds, http://google.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=8160425-50080-53214&type=sect&TabIndex=2&companyid=78459&ppu=%252fdefault.aspx%253fsym%253dGLER .

He says, "issuance and sale...", not "release and sale." Sydney was very clever to disguise the dilution but it is obvious if you read closely.

There is an upside, Sydney can't BK the company for a while!!!!
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flaflyersfan

09/27/11 8:33 PM

#12300 RE: dhjr123 #12294

dhjr123, those 80,000,000 S-8 shares became free trading as of yesterday and can be issued at any time to pay officers, employees, and consultants of GLER only and not be used to raise $$$

Good luck.