Replies to post #2517 on GeneThera Inc. (GTHR)

[lagelli7886]

I dont believe that whatsoever "unrelated" party? It looks more like a rebirth of Gthr than it does a rotting fish, considering the shares have literally quadrupled in the last few months, and with this new filings its very clear that Gthr is only going one direction IMO and that is up

[lagelli7886]

Another reason why i dont believe Ms. Irizarry would be selling shares through a "unrelated" party, is because the potential for a biotech company like this is astronomical, why would Ms. Irizarry who you say is the wife of the mad scientist risk hurting the company by selling stock? To me it looks like there is real science here, and i high doubt the mad scientist is going to allow his spouse to damage the company in any way... IMO

[SAE]

EquityTrader,

I wish you back being active on this board, because you seemed to be onto something with your post below, IMO. I didn't see a problem with this until all the recent filings started showing up and I see that Tannya Irizarry (Dr. Tony Milicci's wife) is also the CFO, who I would assume handles all the company's money and I wonder if she not only decides what stock to issue for Genethera, but also issues all the stock as you pointed out as the owner of the transfer agent. Have you ever spoken to the other two "owners of GTI Corporate Transfer Agents?! Maybe you can track down who they are and provide links...do they exist and are they family too? This might explain how they/management was able to issue millions of shares of preferred stock B over the years, and over 9 million just for 2011! How is this possible or legal? From the filings I read that each preferred B share is equivalent to 10 common shares (and 20 votes), so did they issue themselves the equivalent of 90 million shares just for 2011?! This does not seem right to me as a shareholder, imo. Why even worry about them selling through a "unrelated party" as you stated, as I would guess that they could just convert the shares to common and sell them. Also since they have total control of management, the money and the transfer agent, just issue shares from the company to sell and then spend all the money as 'company expenses'?? This does stink or smell as you stated! What can we do about this as shareholders? So now they own a total of what 150 Million shares that they issued to themselves with 300 Million votes, and it looks like that is the reason why they had to increase the a/s to
300 million, imo. Otherwise why dilute the crap out of such a small 2 employee company with no revenues, or is selling stock the revenues...Hey, I know that there must be a scam or fraud board somewhere, do you know anyone there who can help us out, although I like the type of research you already have shown that you are capable of. I for one would really appreciate all the help we can get!

TIA, Stockinvestor

Anyone think this is a conflict of interest?

We also entered into an employment agreement with Tannya L.
Irizarry to serve as our Chief Administrative Officer through January 7, 2012. Ms. Irizarry's base salary is $135,000 per annum. The above salaries have been accrued to be paid in common stock shares from the Company. There are no employee issues at this time.

AND

GTI Corporate Transfer Agents, LLC is the Company's transfer agent. Ms. Michelle Torres became the Board Member of GTI Corporate Transfer Agents, LLC with a one-third ownership and/or interest. Ms. Tannya Irizarry has a one-third ownership and/or interest; the remaining one-third ownership belongs to Ms. Krystle Rundle.

She is both the wife of the mad scientist and paid by the company and is an owner of the transfer agent.

Nice convertible debentures in place and would not be surprised if Ms. Irizarry is selling stock through an "unrelated" party.

This stock smells like a rotting fish.

Note 3- Shareholders’ equity

On August 23, 2011, the Company increased its authorized shares to 300,000,000 of common stock, par value $.001 per share. Shares issued prior to August 23, 2011 have been retroactively restated to reflect the impact of the change in par value per share.




During 2011, the Company issued 1,600,000 shares valued at $28,810 for cash.




During 2011, the Company issued 26,467,200 shares for conversion of promissory notes totaling $1,121,836.




During 2011, the Company issued 950,001 shares valued at $17,250 for services.




During 2011, the Company issued 9,090,000 Series B preferred shares to the CEO and CFO valued at $454,500.


http://ih.advfn.com/p.php?pid=nmona&article=50126026

[CJAKE1]

E.T. I don't have time to do any reading, but your post says that the officers can be paid in "common" shares. I believe they were paid in "B" shares. "B" shares can be converted to 10 common shares. When I have time, I want to see what the 10-K's and 10-Q's say about payment in shares.