Gatekeeper Systems Inc V.GSI

$$$

[NAGGY23]

We are still talking about the $$$ , my belief is that GSI has potential large contract coming in and would have been better for bottom line to have the PP instead of asking TD for more $$ to fund the cost of the large contract ..The Bank would have likey been at 9-12% .. so i think Doug tried to make it work but the fund tried to re negotiate and was not worth it for GSI to take the new offer , i believe we will be rewarded with some nice contracts and GSI will make it work the SP will surge and the Fund will be wanting to get back in but gsi will have them by the Balls ...

[robert41]

Naggy there's no way this was a fund doing this dance with Doug funds wouldn't be this unprofessional. The news releases refer to the investors as subscribers. Let's see if they come back  I doubt it. They did what they needed to do what ever it was maybe the secret lies in the millions of annonymous sales since the end of August. GSI has learned a big lesson I'm sure. I bet

[NAGGY23]

Sorry subscriber's There was 3 seperate parties involved and im calling them a fund my mistake . Group of private investors ..

[Ciao]

In the Small cap Discoveries interview, at the 42 min mark Doug said he did not disclose publicly who the investor was.  He could have said due to a NDA or such he could not divulge the name. This leads me to believe he was and able to now esp since the deal has collapsed.

[davewho]

actually I seem to recall GSI got a very favorable interest rate on that LOC from TD. Prime plus <1% no where near the 9-12% suggested. You can look it up NR 23Jul. on sedar. TD obviously likes what they see here.