Post by wildlife on Mar 20, 2008 23:24:33 GMT -5
I doubt that it makes a difference, but here's a similar situation to CMKM Diamonds. I also doubt that anyone would consider the same outcome?
November 29, 2007 - 4:28 PM EST
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Today 5d 1m 3m 1y 5y 10y
Global Developments Inc. Announcement to Shareholders
VANCOUVER, British Columbia, Nov. 29, 2007 (PRIME NEWSWIRE) -- Global Developments, Inc. (Pink Sheets:GDVM) today makes the following announcement.
As previously announced on April 3, 2007, the company's former President, John D. Briner, resigned. Since that time, the company has been attempting to obtain from Mr. Briner records and information sufficient to determine the disposition of, and an accounting for, funds raised from investors. The company has sent two demand letters to Mr. Briner but has been unsuccessful in obtaining the information from him. Therefore, the company does not have sufficient information currently in its possession to accurately account for investments in the company or for transactions from January 2006 through April 2007.
The company has filed a complaint with the British Columbia Law Society, the regulatory body in British Columbia responsible for attorney conduct, in an attempt to compel Mr. Briner to release the requested information. The outcome of this complaint has not yet been determined by the Law Society. The company has also made a report to the U.S. Securities and Exchange Commission regarding these matters.
Due to the incomplete information in its possession, the company is not in a position to respond to inquiries or to provide further information at this time.
November 29, 2007 - 4:28 PM EST
close Email this News Article
Your Name
Your Email
Friend's Name
Friend's Email
Receive Copy: yes
GDVM 0.001 0.00
Today 5d 1m 3m 1y 5y 10y
Global Developments Inc. Announcement to Shareholders
VANCOUVER, British Columbia, Nov. 29, 2007 (PRIME NEWSWIRE) -- Global Developments, Inc. (Pink Sheets:GDVM) today makes the following announcement.
As previously announced on April 3, 2007, the company's former President, John D. Briner, resigned. Since that time, the company has been attempting to obtain from Mr. Briner records and information sufficient to determine the disposition of, and an accounting for, funds raised from investors. The company has sent two demand letters to Mr. Briner but has been unsuccessful in obtaining the information from him. Therefore, the company does not have sufficient information currently in its possession to accurately account for investments in the company or for transactions from January 2006 through April 2007.
The company has filed a complaint with the British Columbia Law Society, the regulatory body in British Columbia responsible for attorney conduct, in an attempt to compel Mr. Briner to release the requested information. The outcome of this complaint has not yet been determined by the Law Society. The company has also made a report to the U.S. Securities and Exchange Commission regarding these matters.
Due to the incomplete information in its possession, the company is not in a position to respond to inquiries or to provide further information at this time.