Global Water Technologies, Inc. (GWTR)

[wando61624]

I agree Hromadka was interim CEO and President of GWTR in 2009 and Cloughlin was Chairman Of The Board untill he reseigned in 2010. Coughlin began his fake credit union business in 2007 and continued it through 2014. Coughlin appears to have been a career criminal having served prison sentences in the past and was banned from being involved in the security business by the SEC in Indiana. Question that bothers me is how did Hromadka wind up teaming up with this jerk. If you look at this exerpt from the 2010 Coughlin resignation pr notice the number of shares that Coughlin returned to the treasury.

The company issued a $315,000 note to Coughlin for funds and services provided to Global Water since 2008. The company also announces that a stock certificate for 63,581,217 shares that was issued at the end of 2008 is being returned to the company treasury. Upon the cancellation of this certificate, the number of outstanding common shares will be 760,580,437. The number of total authorized shares remains at one billion.

That 63,581,217 block of shares returned to the treasury was probably a large junk of the shares needed for this group of individuals to muscle themselves on the board of directors of the then Colorado based company and remove G.Kast from control of GWTR.
Dont forget that at this period of time Coughlin had been in the fake credit union business for some time.