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Microcap & Penny Stocks : Greenland Corp. (GLCP) -- Ignore unavailable to you. Want to Upgrade?

To: Boob who wrote (799)	5/4/1998 12:21:00 AM
From: Mark B. Martell, CCM	Read Replies (1) \| Respond to of 2278

As well as you should Boob. All I'm saying is that you yourself must take the measure of the man and his words. Alan has a network. Alan has Level II trading. Alan has TIME. Alan has been doing this for a while. Alan has the respect of others on a different thread. Don't underestimate his knowledge base. Question it. Question it directly. I'd bet the farm that Alan would give you his reasoned response. He has given us food for thought laced with some facts. His suppositions are legitimate. We need to step up to the plate with some confirmation of facts. After reading the hundreds of posts before I came on board, I have no doubt in my mind that the good readers of this thread will take up the charge. Me? I'm going to do some more homework from the utility company perspective... Goodnight all, Mark..

To: Boob who wrote (799)	5/4/1998 12:31:00 AM
From: myturn	Read Replies (2) \| Respond to of 2278

There is a very good possibility the company could have been selling these shares in the open market. 4 million shares via escrow!!! NOTE 2: PRIVATE PLACEMENT; EQUITY FINANCING I got this off of their 10Q filed last November. I don't know how to interpet it. The reason I am posting it, I am giving the company the benefit of the doubt that if they were selling shares into the Market via LCAP, this is what they were selling and they were doing it for financing purposes or to settle up with the preferreds. I don't know!!! It's just speculation on my part and everyone else's part until we talk to management. The Company issued a Private Placement Memorandum pursuant to Regulation D, Rule 505 during the first quarter (and revised on April 9, 1996 and on August 23, 1996) to sell an aggregate of 4,000,000 shares of restricted common stock for a total of $1,000,000. During the three month period ended September 30, 1997, a total of $108,360 was raised pursuant to the Private Placement. The total amount raised pursuant to the Private Placement for the nine month period ended September 30, 1997 was $317,999. NOTE 3: CONVERTIBLE SECURED DEBENTURES On April 9, 1997, the Company sold $600,000 in aggregate principal amount of 10% Convertible Debentures due April 30, 1999 under Regulation S. Sales commissions of 15% were paid. The Company placed 4,000,000 shares of restricted stock in escrow as security. Under the original terms of their issuance, the Series B Convertible Debentures are convertible into common stock at the lower of $.186 per share or 62% of the closing bid price of the common stock averaged over the five days prior to conversion. The issuance and sale of the Series B Convertible Debentures was intended to comply with Regulation S of the Securities Act. Based in part on the advice of outside legal counsel, the Company believes that the validity of the convertibility of the Debentures is open to some question and the Company has been sued by the Holders of the Debentures to force conversion. The Company is defending its position and is, at this time, uncertain as to the outcome of these proceedings. (See Part II, Item 1, "Legal Proceedings.) The Company has booked the Debentures as long-term debt. Should conversion occur, there would be a corresponding entry in stockholders' equity, which would involve significant dilution of current shareholders. 4,000,000 shares of the Company's restricted common stock has been placed in escrow to cover such conversion. I'm attempting to put a positive spin on this whole scenario because the obvious; I have a significant investment in GLCP, like many of you I don't want it to tank tomorrow either. If the news is truly going to come out this week and it is very positive news, then we all have nothing to worry about. Thanks everyone for bringing this to my attention. Good Night!!! P.S This was also pulled off of the 10Q ITEM 4 - SUBMISSION OF MATTER TO VOTE OF SECURITY HOLDERS On October 27, 1997, the Company issued a Proxy Statement to shareholders to vote at a Special Meeting of Shareholders to be held on December 5, 1997. The purpose of this meeting is to vote two (2) matters: (1) the sale of the Company's GAM Properties, Inc. subsidiary to Golden Age Homes, Inc.; and (2) to amend the Company's Articles of Incorporation to effect the increase of its authorized common stock to 100,000,000 shares.

To: Boob who wrote (799)	5/4/1998 12:43:00 AM
From: Boob	Respond to of 2278

Night all, I'm going to bed. I'm sure this thread will end up on the Hot Subjects sooner or later...can't believe how many posts. Boob

To: Boob who wrote (799)	7/15/1998 2:56:00 PM
From: greg Benfield	Read Replies (1) \| Respond to of 2278

Boob in this past quote you say you have a problem with him bringing info on this thread as if it were fact well in your #69 post you clearly make it seem like the stuff you were writing was fact and it never happened. How can you not like someone else doing what you did? And you repeated your distaste for dishonesty later that night...and then that was the last you posted. When Alan tried to tell the crowd something was fishy..you blasted him and then left. Did you stay in it or did you sell?