sec doj Geo actions ,in the estimation of legal counsel, were blocking communications w shareholders as part of the watergate was a tea party in the making conspiracy to destroy these low priced pennies
geo as per the cwrn complaint was allegedly withholding millions in receipts while a series of murphy situations blocked shipments-not expecting that series of never before seen events they spent what profits they received on equipment -
see previous posts re all profits were going to equipment--e.g trommel.terex and mag sep for trommel cost money-- its called leveraging to grow the business faster-not expecting govt to withhold the 45000 tons of ore at port for so long and didnt expect to have to get an iron ore permit for fert
thus they expected the 45k tons at port to be resolved much sooner and ship perhaps last august
they also expected- see bingos posts-fert to ship last august until they found out govt had new requirements for that- requiring an iron ore permit for that also-which they couldnt get for months -see bingos 9-8-12 post because the govt was paralyzed by a court challenge to the summer Mex Presidential elections, followed by a lame duck govt til dec 1 2012,then new year permit followed by inevitable time to book a ship etc
so multiple planned shipments were blocked by those factors from june 2012 to May 2013
the new owners will not be burdened by the JVA which cwrns complaint claims withheld millions in receipts necessary to run the operations non stop-the new owners presumably have the financial wherewithal to make a successful co and do what bob had wanted to do w the co-including uplist, or bob/sharon wouldnt have done this
although the sec etc actions were over, Bobs freedom and that of his "employees and servants' was severely hampered in the estimation of their legal counsel by the sec ruling-which imo was an attempt to stop communication w stockholders as part of the political conspiracy by a powerful politician who decided business was evil and had to be stopped -see previous posts-to destroy these low priced pennies
so they may have figured the restrictions that came w their assoc w the co would be better removed-the new entity will not be hampered by those things and due to the fortuitous timing of the apparent coming conclusion of the Ca ct case which should provide financials-we will finally have posted financials and apparently a fully reporting sec compliant OTCQB co or even OTCQX or even a higher board in time
and this will vastly increase the investor pool willing to invest-most big boys will not invest at this low pps or classification-which allows shorters to especially manipulate these low priced stocks
