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


To: Mark B. Martell, CCM who wrote (810)5/4/1998 12:55:00 AM
From: CoffeePot  Read Replies (1) | Respond to of 2278
 
Such a statement should have been supported with SOLID evidence. In case your blind his message CONTRADICTS itself.

"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)



To: Mark B. Martell, CCM who wrote (810)5/4/1998 1:27:00 AM
From: Captain Jack  Respond to of 2278
 
TO ALL:

There certainly has been a lot of speculation and discussion going on tonight. Alan has raised some interesting questions and I for one do not want to slam him and tell him he is full of it. I would like to know how he came to these conclusions and I would like to see some evidence to see with my own eyes. If everyone could pull together here and avoid slamming we could all get so much more accomplished!! Hopefully we will hear from people who will have talked to the company tomorrow.
I FOR ONE FEEL THAT ALL STOCKS AT THESE PRICE LEVELS ARE EXTREMELY RISKY AND A GREAT DEAL OF DD NEEDS TO BE DONE (BY EXPERIENCE.)
I BELEIVE THAT THIS STOCK HAS SOME MORE UPWARD POTENTIAL TO IT NEXT WEEK HOWEVER.
KEEP US ALL WELL INFORMED!

cj