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lmcat

11/17/11 9:29 PM

#3802 RE: Jols #3801

I did think it a bit strange that only GEAR released a PR, but then think about it. GEAR now controls WSRA and maybe they didn't want to waste the money.

We won't know how many GEAR shares WSRA got for the controlling interest until somebody does a SEC filing. Not sure how this kind of share exchange works - maybe they just swap shares?? Why not just merge them together?

GEAR's latest filing shows a note for $450,000.00 that is due Jan. 1, 2013 from a shareholder (not identified). Maybe they used that cash to buy WSRA shares, giving WSRA the money to do the developing. Just guessing.