HH, you might know the answer to this ( I don't ).
from the PR :
"The company has satisfied US $995,013 in indebtedness to affiliates
by assignment to third parties for the retirement of the debt."
WHY would Frank "assign" the debt to someone else
by giving them shares that THEY sell into the market.
WHY would not HE sell the shares and pay the debt off ???
Do you know WHY (this is done by giving shares to others ) ?
TIA
BTW, the PRs issued in 2014 are some heck of a PRs !!!!!
This thing is multiple penny bound once EVEN JUST some of these intentions come to fruition :
_____________________________________________________
" •We are currently working to align Worldwide with a full-service investment bank that has the relationships and experience to help guide us to a listing on NASDAQ or AMEX in 2014. This would include a commitment for at least $30 million dollars to finance the planned acquisitions in 2014. The finalization of this relationship will be essential to our efforts of reaching a more expansive investment community and gaining institutional support for our securities.
•There have been four announced transactions completed by the company to acquire more than $23 million in assets for the year ending December 31, 2013.
•The company is committed to continue to develop its proprietary technology with significant telecommunication and software partners.
•The company is currently negotiating transactions that will provide for more than $100 million in revenue, with at least $5m in EBITDA, for 2014. This includes partnering on the lease of its oil and gas properties in addition to the employee leasing acquisition. "
GLTA
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