GNZ GOES FOR BROKE!!! Man,oh,man. Who'd have seen this coming? How could they possibly go broke simply by losing money every year of their existence? Spending $700 a day Dining,Travelling and Entertaining,a $300,000 Performance Bonus,millions of $ paid to Related Parties,hundreds of thousands of $ loaned to Related Party Companies and themselves without Interest or payback requirements....HOW THE HECK COULD THEY BE BROKE??
Will WD40 be able to buy more shares and average down? Will the Secured Debenture and Note holders demand payment and seize the assets of the Company? The Phone is already gone....leaving the Photocopier,all Company pens,pencils,Stapler and Staples,Staple remover,the Eraser,desks and chairs,Coffee mugs,Stir Stix,Sugar and Whitener,Scotch Tape,WhiteOut,3-hole Punch,27 sheets of paper,3 yellow Highliter markers,12 Paper Clips,2 Cork bulletin boards,a 2012 Calendar,3 wastebaskets,8 unused envelopes,the sink plug,numerous Rubber Bands in good condition,a coat hanger,a letter opener,various Promotional Items,2 Filing Cabinets,the Presidential Rolodex,a framed picture of the Board of Directors,1 nice wall clock with hour hand missing,a WELCOME door mat,1 PUSH sign on inside of exit door,a magnifying glass,3 unused Postage stamps,Bookcase with 3 books. It is expected that these Assets will cover the $264,676 in Interest owed to Insiders and Related Parties.
Slashing Investor Communications costs resulted in the continued lack of Investor Communications. The stunning Production figures from the 13 month life span of the Flagship Turner Valley well probably staved off Bankruptcy by at least a week. The Hatch Report,financed in 2010,and expected to be completed in 4 months apparently needs another financing pushing it's release date to the waiting shareholders past the 2 year mark if lucky. The 4 year top priority of changing the Co. name to better reflect it's business and enhance shareholder value continues relentlessly.Please feel free to post what you feel would be an appropriate name. Further information,enquiries and investor concerns cannot be answered by calling the Co. at 403-237-5711.
GO GNZ!!! Long and strong here.
PS: Nice road kill WD40