Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Greenland Corp. (GLCP) -- Ignore unavailable to you. Want to Upgrade?

To: myturn who wrote (590)	5/3/1998 1:47:00 AM
From: Alan Coccio	Read Replies (9) \| Respond to of 2278

Digging a little deeper, I feel that that La Jolla Capital Corp is probably representing Greenland in selling shares into the recent frantic buying. These shares probably represent recently issued stock to the officers of the company. Of course, Greenland's mailing address is La Jolla, California - the same as La Jolla Capital Corp which has been doing all the selling. What a coincidence! <grin> From the looks of it, the proceeds from this stock sale are not for the benefit of the company but possibly to directly enrich or reward the officers of the company. They made a rush request toward the end of March for these additional shares to be issued. Witness the following letter which was on Greenland letterhead: March 20, 1998 Mr. Roger Greer NATIONAL STOCK TRANSFER 3098 S. Highland Drive, Suite 485 Salt Lake City, UT 84106 Dear Mr. Greer: As President of Greenland Corporation, I write to request the following transactions be processed. Issuance of New Shares Pursuant to Nevada Corporation Code Section 78.211, as amended, please issue certificates for a total of 2,465,000 shares of Class A Common Stock of Greenland Corporation in accordance with the following, and pursuant to the opinion of Carmine Bua, which is attached hereto. The certificates should not contain a securities legend and no stop order placed against transfer. Please expedite and send certificates by Federal Express to Greenland Corporation, 7084 Miramar Road, San Diego, CA 92121. (Bold emphasis added) Name No. of Shares Address Tax ID No. Kevin G. Smith(1) 685,000 c/o Greenland Corp. 554-33-5680 Larry Davis 100,000 c/o Greenland Corp. Eric W. Gaer(2) 600,000 13597 Tiverton Road 125-36-7583 San Diego, CA 92130 Gerry B. Berg 400,000 1568 Avenida La Posta 367-46-5498 Encinitas, CA 92024 Michael H. DeDomenico 200,000 c/o Greenland Corp. 564-60-1422 Davenport Electronics 60,000 4181 Engineer Road San Diego, CA Randall Lanham 100,000 45 Glen Echo 566-61-4271 Dove Canyon, CA 92679 Carl Davis 160,000 922 63rd Street 573-08-7221 San Diego, CA 92114 Michael Ison 160,000 539 Sea Lane 567-27-2857 La Jolla, CA 92037 (1) Issue six (6) certificates of 100,000 shares each and one (1) certificate for 85,000 shares (2) Issue six (6) certificates of 100,000 shares each. Still further, please be specifically advised that the corporation has received full consideration for the issuance of these shares. Thus, in addition to being fully paid, they will be validly issued and non-assessable. Your prompt attention is requested in connection with this issuance, and you are authorized to charge an expediting fee, if necessary, to accelerate compliance with this request. Sincerely, GREENLAND CORPORATION Eric W. Gaer, President Now, I wonder why the officers of this company would want an expedited issuance of shares just before the hype began and their story was spread to the investment community. If the potential share price was about to be enhanced dramatically pending product sales in the very near future, wouldn't you want to hold your shares and sell them once that was accomplished? Why are they dumping into the buying at this time? These are fair questions to be asked of management. Alan

To: myturn who wrote (590)	5/3/1998 11:44:00 AM
From: Mike Felty	Read Replies (2) \| Respond to of 2278

Agree. This company is authorized to issue 50,000,000 shares. They could be selling into the market to raise the capital necessary to do the build outs they will be announcing soon( we all hope) I think this is shrewd money management and positive, if true.

To: myturn who wrote (590)	5/3/1998 3:34:00 PM
From: Tim Luke	Read Replies (2) \| Respond to of 2278

I have been doing some thinking on this and let me throw something out to everyone: OK, there were 15 million shares traded on Friday alone, I'm not sure what the total was for the week. Now it's Friday and the shake didn't pan out like "someone" thought it would. Now they know great news is pending and this stock is going through the roof and I'm sure they just might know about what day this will happen. So now its time to plant some seeds and lets see if we can get some panic going over the weekend and get the selling started on Monday morning. Then whom ever this is will scoop up the shares at a much cheaper price knowing full well that the stock is headed higher. Now I see a couple ways for them to get this going: 1. Have "someone come on SI a place where millions of readers all over the world can read info. on about any company they want and plant some fear. 2. Lets make the very last trade of the day on Friday a 200,000 share sell so they have all weekend to build their fears and sell on Monday. Now if you think this is far fetched and it doesn't happen you better take your money and put it in a CD. Final not: They can kiss my *SS because I'm not falling for it and they sure in the hell won't be getting my shares.