Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Patchie who wrote (94981)	8/21/2006 10:30:38 AM
From: Jeffrey S. Mitchell	Read Replies (2) of 122087

Note that there were 1.9B authorized prior to the first r/s. Based on the numbers, there must have been 1.9B authorized prior to the second r/s. Explain how that could happen. That's from the math, not any of the filings. The filings also don't explain how the massive dilution came to be, but once again the math bears it out. It seems implausible the company only had 5.4M authorized from there on out, especially considering there were 303M S-8 shares still registered. I did gloss over the word "respectively" when calculating the issued stock, but the bigger gaffe was you glossing over how the 1.1M issued became 4,028,362 by the end of the quarter in which Simpson bought. Where did these 3M shares come from? The point is that Simpson is the only person who ever claimed he had purchased all the issued stock. The 3M shares proves he obviously had no control over dilution of his holdings. Worse, the registered S-8 and preferred stock represent many hundreds of millions of shares of common stock, the dumping of which would be totally beyond Simpson's control. Global Link's past history clearly indicates massive dumping and little to no explanation of how it occurred. How a company could have 303M registered S-8 shares and multiple classes of preferred stock yet continually show 5.4M authorized makes no common sense. But that's par for the course for Global Links. Might the holders of this stock simply have shorted against it? Might this shorting have created the FTDs, especially given the fact Simpson likely was protecting his stock? Having FOIA data with no understanding or explanation of how the underlying shares of the target company traded renders the data meaningless. If you truly do still consider Global Links the poster child for naked shorting, you've got much homework to do... because I consider it nothing more than a dumping ground for insiders who continually issued and reversed the crap out of the stock. Good luck. - Jeff

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