SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : GCHC GREATER CHINA CORP

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Brent Gilbertson who started this subject8/10/2004 1:18:13 PM
From: straight-->arrow of 858
 
John Allen CEO of GCC states;

"The second Resolution provides for the creation of a Share Pool into which management has agreed to place its shareholdings in Greater China Corporation, representing approximately 50% of the Company's currently outstanding shares. Up to 80% of these Pool shares will be available for use by the Company or its designees to raise capital, eliminate debt, acquire businesses and provide management incentives rather than having to issue new shares from the Company."

The impact of this non-dilution agreement is unheard of in the "pink sheet" world of stocks.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext