The Latest from the Shareholder Website
This is a long read, but a good one!
By John Thomas
Below is the most recent email from Chad. He has once again sent out propaganda in an effort to deceive. Before you read this, I'd ask you to consider what I might have to gain in attempting to get rid of those who lost our money, and in supporting people who are ethical and truly work for shareholders. Chad has been paid plenty out of the Global 8 coffers, and I've only put money in.
First of all, Daniel Wolf is no more my legal counsel than he is any other shareholder’s counsel. He was named Chief Legal Counsel for Global 8 almost a year ago. As far as my personal legal counsel goes, that is not the role of Daniel Wolf, although I'd be lucky to have him. This is simply another one of the untruths Chad is spreading.
he next untruth is his reference to the Global 8 website. This is not Daniel Wolf's website - it belongs to a group of shareholders whose numbers are rapidly growing.
I'm not sure why Chad writes these misleading things. Perhaps as a wider group of investors becomes educated his nervousness increases proportionately?
As far as the issue of delaying a shareholders meeting goes, feel free to join us in a conference call and Dan will be happy to explain how he asked the court to resolve some of the deeper issues first, how Rene's legal team was responsible for two of the delays, and how we’ve all been slowed down by SEC paperwork.
Of course the entire truth is not found in Chad's note. I will not mislead anyone, I'll record the whole truth here and I am prepared to defend it. Again, my only vested interest is tied to the money that is now in Chad’s and Rene's pockets. Global 8 wasn’t investing in a ground breaking effort to do business, as I was told (and hoped ...). My investment alone constitutes infinitely more money than Rene and Chad left Dan Wolf to build the company. What did I get for it? I got harassed by the very people who smiled at me and thanked me as I handed them a check. That is what is happening to almost every person who has invested in this company. Your own money is now being used against you.
Lets be clear about something else here, too. Daniel Wolf is not responsible for a defamation effort against Rene. Dan is merely doing what he is legally bound to do under U.S. law, meaning when he suspects wrong doing he is required to take action. And any future director of this company will have the same legal obligation, not matter who they are. Trust that those of us who have been educated will expect no less of them. There are criminal penalties for those who do not "blow the whistle". So Dan is obligated by law to do what he is doing. (But you can be assured Chad won't mention that part either!)
Lets move on to the so-called “business” that Milverton built. First of all, we've been searching the company records, talking to purported business people with whom we were supposed to be doing business -- and guess what? We can't find anyone who has actually done any revenue-producing work with us. There has never been a nickel of revenue, so how can you call that a business?
As for Rene being a successful businessman, if managing Global 8 and writing his own contracts to his own private business and getting rich off it makes you a very very successful businessman - well, I guess he is. Chad, by that definition, you are correct about something...finally.
Ok, what’s next? Let’s look at Dan's fiduciary duties. One of the primary ones is that he provides oversight to protect shareholders. That, I can assure you, he has been doing. He is also supposed to report suspicion of any wrong doing. That also, thank goodness, he is doing. If Chad had been equally conscientious when he was on the Board and CFO, he probably wouldn't have signed those documents that assure the SEC that everything is in order. Trust me, that too will be sorted out in due time.
We've already posted information on the shares that were provided to Dan. The shares are currently worthless and they are at best, incentive for Dan to work to rebuild our company. We've also looked at payments provided to past CEOs and we can demonstrate they have been provided with many times more compensation - over $400,000 plus then-valuable shares for Javan Khazali alone. Chad himself was paid over $80,000 per year, compared to Daniel Wolf’s zero salary and worthless shares... Chad didn't mention that part either.
Lastly, the by-laws that have been changed are actually benefiting shareholders. Join a conference call with Dan and he will be happy to explain how.
Let me wrap up here by saying this one more time ... The group of us who have been working together, attempting to educate shareholders about what has really been going on, are biased only by the fact that we have invested our money just like the vast majority of current shareholders. I have not increased my net worth one penny through this.
Rene, Chad and others have done just the opposite, enriched themselves at our expense. Ask yourself: Who is most likely to have your interests at heart? Ask yourself: Who you think is the most unbiased in this? Ask yourself who has been honest?
And lastly, ask yourself why Chad has ignored my request to answer the questions posted here the last time I wrote. Don't tell me I'm full of wind, Chad, just answer the questions!
In closing, let me ask Chad just one more thing: How do you people live with yourselves?!
Chad's email:
Dear Shareholders:
Re: Global 8 Annual Meeting Update
I would like to notify you of the game that Daniel H Wolf is playing with all of us, our investments, our money and you have a right to know. Daniel H Wolf is spreading his cheap theories via his internet website full of propaganda, by conference calls that are not open to all shareholders, and emails. Dan is now preparing to send out a message similar to the one Roy L Hales sent in December 2009 attempting to raise money for Daniel Wolf. Finally Daniel is intentionally delaying the AGM at every opportunity he gets or creates.
The disturbing part of this is Daniel H Wolf states proudly that he is the lawyer for Global 8 Environmental Technologies Inc, acting attorney for himself, acting Chairman & CEO for Global 8 Environmental Technologies Inc, acting attorney for the shareholders and acting attorney for Julio Ferreira. Additionally, Roy Hales, Rick Bosiak, John Thomas and Ted Dredger stated that Daniel Wolf is their legal representative. Isn’t this a conflict of interest? Pay close attention to every accusation Daniel H Wolf makes against others; he is really committing each transgression himself!
Daniel is the owner of a defamation campaign website against Rene Branconnier and his family, Daniel orchestrated an internal compensation committee comprised of John Thomas and Ted Dredger for the purpose of Daniel’s personal gain, (may I add Daniel paid nothing for those shares even though we had to pay for ours). Daniel signed off on over 14,500,000 million GBLE shares for himself, Julio Fererria and Tad Simmons. Daniel and Roy have prepared a proxy and had Rick Bosiak file it under his name which Daniel says “ I had nothing to do with it” but yet Roy and Daniel both say they worked so hard together on it. Daniel also has called all the free resources he could find in Canada and US trying to trump up some type of investigation which is again completely foundationless and devalues the company.
Daniel keeps touting that Global 8 only had $24 in the bank when he fired Milverton Capital Corporation and hijacked Global 8. Milverton helped Global 8 tremendously built the business and paid many sub contractors on Global 8’s behalf. It was no secret to any of you that Rene Branconnier is a very, very successful businessman. Daniel attacked an innocent business man, Rene Branconnier, who built a billion dollar company prior to Global 8 from nothing. May I add, Rene bought his real estate long before Global 8 but yet Daniel likes to allege Rene took the money and bought real estate. This is completely ridiculous.
Rene, is a shareholder like you and I, is contributing greatly to our fight for an Annual General Meeting and the Annual General Meeting will go on!
Daniel blatantly states he has I have never ran a public company in his life, this statement really concerns me for the following reasons; where are the securities lawyers; the corporate lawyers; and the accountants to make sure Daniel H Wolf is following the Sarbanes Oxley act and confirming that Daniel fulfilled his fiduciary duties over the last 14 months on behalf of all shareholders?
The deceit, allegations, trickery, lies, and changing the bylaws of the company are tactics of delay and this why it has taken so long to achieve an annual shareholder meeting. As the Judge mentioned the last day in court, any more delays and Daniel H Wolf will likely go to jail.
The 1,000’s of shareholders who want an AGM are represented by an excellent superior group of Lawyers in the US and Canada and will not stop until the job is finished!
Feel free to contact Mr. Charles T. Conrad JR if you have any questions.
Charles T. Conrad
VINCENT & REES175 South Main, 15th Floor
Salt Lake City, Utah 84111
(801) 303-5730 (Tel)
(801) 355-5005 (Fax)
Sincerely,
Chad Burback
1-403-846-3685 on 24/7