Johnny,
If I am the former director that you are referring to, I can assure you that I only post under the username of stockguy_1969, this is the name I use for every forum as it is considered a deceptive tactic to post under more than one name.
We may have had a fatal difference of opinion on how to move the company forward; however, we were friends once upon a time and I certainly wish you no ill.
For the shareholders out there, I can tell you that the time I spent working with Johnny, was just that, a lot of hard work. He and I worked tirelessly to get properties under contract and to get the company funded. And we succeeded. Our success was short lived due to no fault of our own as the IMF stepped in and cancelled the bond we had been awarded.
Shortly before that, we reverse merged with FGBF. We were in the process of moving the company forward, the stock price went up …… and then plummeted. When I researched why, I found that Al Reda had not disclosed (during the pre-merger disclosures) the amount of stock he owned and controlled in the company and that he was quite possibly selling shares into the market.
At this time, Johnny and I had our disagreement about the company’s direction and Johnny decided to continue the business with Al Reda instead of me. I tried to warn him that Mr. Reda was no good; but, trust had been broken between us and he didn’t believe me.
In Johnny’s defense, it is I whom brought them together. Johnny would have never gotten involved with Mr. Reda if it were not for myself getting connected with Al Reda as I was looking for a shell company for us to reverse merge into . So, there is not some big conspiracy on the how and why of Johnny’s association with Mr. Reda.
Personally, I would be shocked to find out Mr. Bannister had any knowledge of any illegal activity. During the time I worked with him, I knew him to always be with-in the boundaries of the law.
We came very close to achieving great things with this company before; so, I have no reason to believe that he has lied about any of the company’s recent achievements.
For what it’s worth, I believe that this SEC investigation could be just the thing the company needs to fix the problem with its’ share price. The freeze that 1st Global put on all shares owned by or controlled by Mr. Reda was a brilliant and necessary move to protect the company and its’ shareholders. All the company needs to do now is answer any remaining questions the SEC may have, file a 15c211 with a Market Maker to get off the grey sheets and complete their business plan to bring value to the shares.
For everyone’s sake, I sincerely hope that this is the direction that this company will be able to take.
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