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Global 8 Environmental Technologies Inc GBLE



GREY:GBLE - Post by User

Post by pounce2000on Sep 01, 2010 2:49am
253 Views
Post# 17402846

Stockhouse is #1 -Why'd u set up Chad

Stockhouse is #1 -Why'd u set up ChadREPOST - We have 23 questions. Shareholder's have asked Question one 4 times and get NO answers. What about the other 22? Communication is a two way street. What can you tell us about the hijack? What can you tell us about Question #1. We're all waiting....


From: "Daniel H. Wolf" <daniel.wolf86@post.harvard.edu>
To:XXXXXXXXXXXXXXXXXXXX
Subject: RE: Chad Burback- Setup-R U Sure your telling the truth?
Date: Saturday
, October 17, 2009 5:58 pm


Don't worry about it; ignore it - we'll come up with a witty response.

I suspect that the board will be able to give Chad instructions that he
will refuse, which will justify his being fired. Of course we can fire
him anyway, pleasure of the Board and all that, unless he's got a
contract (but with whom?), but it's better to have a reason that is
defensible on stronger grounds than simple Board preference. If any
evidence turns up of illegalities/fraud, of course he can be thrown off
the board.

Dan


-------- Original Message --------
Subject: Re: FW: Conducted Reveiw / Internal Controls
From: "Daniel H. Wolf" <daniel.wolf86@post.harvard.edu>
Date: Fri, October 16, 2009 5:58 pm
To: "XXXXXXXXXXXXXXXx
Cc: 'Tad Simmons' <tsimmons@greensourceweb.com>

He's a nice son of a ?????, isn't he?

A single director does not have the authority he is asserting.

Tad, I suggest that we write a very nice letter kicking this up to he
board, with some interesting language about requiring full and unlimited
access to all business records, from Day One.

Dan


Julio C. Ferreira wrote:
>
>
>
>
>
> *From:* Chad Business G8 [
mailto:cdb@g8et.com]
> *Sent:* Friday, October 16, 2009 7:05 PM
> *To:* Julio Ferreira
> *Cc:*
XXXXXXXXXXXXXXXXXX
> *Subject:* Conducted Reveiw / Internal Controls
>

> Julio:

>
> This is regarding your report on "Significant Deficiencies in the
> Design or Preparation of Internal Controls," since your tenure as CEO.
>
> Please confirm when, where and how you conducted a review of internal
> controls? Have you reviewed any accounting and internal controls since
> your commencement as President from Javan Khazali on May 27, 2009?
>
>
>
> As, far as I am aware, the only thing you communicated was the
> amount of financing and projects you could immediately bring into
> Global 8. Despite being paid for consulting services from Global 8,
> you have not raised any financing, nor have you produced or provided
> any updates or feasible business ventures. You have raised no
> financing and all business proposals are futile. In addition, Global 8
> has reimbursed you for travel expenses to Brazil and abroad. You have
> not provided any business reports for your travel and/or validity for
> these expenses.
>
>
> Global 8's past President was responsible for taking our company from
> the pink sheets to the OTCBB with all filing obligations completed and
> recorded, he did a phenomenal job. All controls and structure for
> these common practises are in place. Auditor firms such as Hawkins &
> Associates and Gruber & Associates have reviewed and understand these
> procedures are in place at the office. We have had directors all along
> that were fully aware of these common practises. I am comfortable
> that there are reasonable internal controls in place. Forms are
> completed at the end of every fiscal year-end and any deficiencies (if
> any) are rectified. Every effort is made by consultants, accountants
> and board of directors to review and modify internal control
> safety/procedures in accordance with Sarbanes Oxley regulations.
>
>
>
> In closing, Julio, as President of Global 8, it is your responsibility
> to ensure the Company's financial information and establishment of
> maintaining effective internal control over financial reporting is in
> place. As President and director of a public entity you have a legal
> and fiduciary responsibility. It is your responsibility to obtain
> sufficient knowledge of the Company's business and its internal
> control as it relates to the preparation of both annual and interim
> financial information.
>
>
> Kindly provide all communication (written or verbal) including:
> memo's, documents and any other evidence used in preparing and
> critically analyzing internal control mechanisms (as used in your
> report), since your appointment as President to the board of directors
> of Global 8.
>
> Chad Burback, Director

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