GlobeStar Therapeutics Corp (GSTC)

[Voices of Reason]

Updates (or lack thereof):

FTTN announced on April 5th that completion of a Bedford Operating Well could be within a 60 day window - the announcement proclaimed "The well sponsor, Bedford Energy, Inc., estimates that the well completion at 60 days from funding, potentially providing a quick return on investment in the project" - no word on whether that deal will ever take off: http://www.marketwatch.com/story/fttn-explores-completion-only-opportunity-2012-04-05


FTTN announced on Mar. 19 that it expected to begin "rigging up" "within 3 weeks" on the Little Cedar Creek prospect in Alabama. Now that it has been 12 weeks, it is odd that the company has not stated an update on progress: http://www.marketwatch.com/story/fttns-alabama-well-rigging-up-soon-2012-03-19

We have not heard anything new regarding "First Titan plans to announce the project’s spud date soon." for the Intrepid well in Louisiana announced on January 17: http://www.thestreet.com/story/11378381/1/fttn-finalizes-joint-operating-agreement-for-promising-new-oil-well.html

We also have no word regarding the Nov. 11th LOI to purchase REN-Gen: http://www.thestreet.com/story/11313896/1/fttn-signs-option-to-purchase-oil-amp-gas-technology-company.html

Nor the progress of subsidiary First Titan Technical announced on Sept. 16 - http://www.thestreet.com/story/11251464/1/fttn-forms-subsidiary-to-provide-custom-automotive-electronics.html

Nor the progress of the Auto Component Manufacturing field announced on August 30th: http://www.thestreet.com/story/11234084/1/fttn-breaks-into-the-auto-component-manufacturing-market-with-new-website-launch.html