FLOAT: APPROX 12 MIL ( CEO stated 6 Mil bought at .25, w/ no intention of selling at these prices)
Extreme Undervalue alert: 30 Mil (os) x .03 per share is a market cap of $900k -- the most recent filing shows 650k added revs from one deal in Italy....not counting any other revs in other countries. Can you say undervalued?
O/S: Approx 30 mil
NEW 8-K Oct 12, 2010
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
ON OCTOBER 09, 2010 Global Technologies Group, Inc., (OTC PK: GTGP), granted an exclusive distribution and reseller rights contract for all technologies which are under license, sub licensed or distributed by Global to Sadhana Equity Investments, Inc., a privately held company for six hundred fifty thousand dollars. ($650,000) The agreement was executed by Global and Sadhana on October 09, 2010. The exclusive agreement is for the country of Italy. This agreement is a continuation of Global’s plan for expansion of distribution and sales in its’ covered countries.
Global Technologies Group, Inc. is a company that is in the business of acquiring exclusive licenses, exclusive distribution and reseller agreements on proven new technologies in the environmental and green industries. The criteria for the licensing and exclusive distribution and reseller agreements of the technologies are they must be proven, in use and have an underlying valid patent. The business plan of Global is to utilize the licenses for its’ own use and to also sublicense the technologies it acquires to companies in geographic regions covered under the original license grant.
GLOBAL TECHNOLOGIES GROUP, INC.
Date: October 12, 2010 By: /s/ James Fallacaro James Fallacaro Chief Executive Officer, President & Director
Contact Info 1304 North Lake Shore Drive Sarasota, FL United States, 34231
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