Got a call from Mr. Peterson, again. Also, received a FEDX from them this evening. Had a chance to read the information before he called. I asked him about the lack of compensation to the CEO and a couple of others. Were they independently wealthy.? Oh, yes, they have loaned the co. money. They receive stock options, etc. OK. Asked about the requirement for $200K annual income and proscription against students and members of the armed forces. He said he had never been asked about the proscription about members of the armed forces and would have to check this out. I asked that because I retired from the US Army and had known Nelson Aldrich, an officer and nephew of Nelson Aldrich Rockefeller(VP-US) and had access to several dollars! I also inquired about the requirement for $200K annual income. Now, I have a nice income from rental,two houses. SS and the Govt., not near $200K annually plus my investments, not counting insurance. He came back and asked me if I knew anyone else who could fulfill these criteria.
I told him that I could purchase these rights very easily, but, I would never do it with GLCP.
My observation. From the background noise and the content of our conversation, IMO, this was a classic boiler room operation. My advice? Stay away. I intend to sell if and when I get back my initial investment before the RS
Stay away!
Warm Regards,
Scottoo |
