Global Technologies Group, Inc. (GTGP)

[jcwillis]

GTGP DD: MBS NOT Economically Viable, Accountant/Auditor? Contracts?...

GTGP has a significant number of red flags. GTGP is high risk (possible revoke coming), unknown reward (benefit unknown) for potential investors.

Battelle Says MetalliFix/IFS-2C (MBS) Not Economically Viable
Solucorp's IFS-2C is a derivative of MBS-plus-binder.
Same as the MBS/WL770 combo currently promoted by GTGP. Anyway,
Acorn Energy/CoaLogix disclosure in their March 2010 10K here:
http://www.sec.gov/Archives/edgar/data/880984/000114420410014862/v177974_10k.htm
Acorn Energy/CoaLogix 8k for material impairment here:
http://www.sec.gov/Archives/edgar/data/880984/000114420409067093/v170302_8k.htm
Key sentence from the 8K filing: "On December 18, 2009, Battelle issued its assessment that MetalliFix is not economically viable and not competitive with other commercial products for mercury control that are currently available."
Battelle's determination strongly implies MBS not economically viable.
When Battelle determines something, the industry listens.
Makes sense why there are no MBS contracts in the industry.

"Hot Run" Really Significant?
Read the, "hot run," report closely, and MBS is a minor player.
Seems PAC does most of the work, and MBS is just an additive.
MBS is only around 9-17% of the mix. PAC is not replaced.
Albermarle developed brominated PAC for regulatory compliance.
Brominated PAC is just as, if not more, efficient as MBS.
At significantly less cost than MBS for mercury removal.
Another reason there are no MBS contracts in the industry.

Claims of Cement Plant & Power Plant Contracts
Older plants readily comply using available technlogy.
This is outlined in the EPA regulations.
Many older plants are already in compliance of newer standards.
Newer plants easily comply with available tech and are doing so.
This was also outlined in the EPA regulations.
Albermarle, Siemens, Calgon leading the way to compliance.

SEC Awaits GTGP Accountant/Auditor
Accountant/Auditor Filing Required, See Section 4.01:…
http://www.sec.gov/investor/pubs/readan8k.pdf
SEC Still Requires Financial Filings From GTGP... AND,
There MUST be an SEC 8k announcing auditor/accountant doing fins.
No GTGP filing strongly indicates fins are NOT BEING WORKED ON.

No Y-12/ORNL/UCOR GTGP Contracts
Currently Nothing for GTGP on the ORNL/UCOR 90 Day Outlook:
http://info.ettp.energy.gov/90day/index.html
Also, currently nothing for GTGP through Y-12:
http://www.y12.doe.gov/suppliers/procurement/subcontracting/subcontracting-forecasts/y-12-forecast
No “secret” clean-up contracts awarded with US Gov’t funds.
US Gov't requires full disclosure and transparency of contracts.
Above links provide Gov't mandated disclosure & transparency.
Any Gov't contract takes time, maybe years for award - After RFP.

Sequestration, Furloughs.
US Government sequestration forces scaling back with furloughs on all government services. Same for contracted out services, including remediation work at ORNL/Y-12 and other sites throughout the country. Some DD shows the ORNL/Y-12 remediation budget request is smaller than last fiscal year. ARRA funds are gone. Despite local politician saber rattling to speed up the process, efforts to clean up the mess at ORNL, as well as other sites, will continue - but cut-backs will slow progress until the sequestration situation is resolved.

PR Claims Should Always be Third-Party Verified
In 2011, GTGP/EMHI floated a PR that stated MSE-TA would do a presentation about MBS/WL. The presentation never happened. Was this a lie? Maybe. Maybe not. Things always change in the world of pinks/greys. Strongly suggest to always verify any PR claim through a third party, or outside source. Be aware that J3 is NOT a third party to GTGP. Be suspicious of vague PR's that can be interpreted in numerous ways. A rule of thumb is to, "Trust, but verify." Fact is, much can be, “read into,” vague PR’s. If the PR does not outright say something being claimed, don't expect optimistic interpretations to happen.

Rumors, Rumors, Rumors
Rumors of J3 as something for GTGP holders to cling to.
Recall the rumored GTHI divvies, reverse merger, etc., etc.?
Same now being rumored about J3. So, lots of questions...
Why was J3 not outright made part of GTGP?
Why form a new company when GTGP or GTHI could be used?
Why no detailed disclosure of GTGP's J3 relationship?
What can J3 do for GTGP? Seems this one can be answered.
J3 can bill GTGP for work performed.
Makes GTGP the debtor company. Not exactly shareholder friendly.
Plus, J3 lists numerous services completely unrelated to MBS.

Partnerships, Agreements, Joint Ventures, License Rights, etc.
There have been no detailed disclosures about GTGP partnerships, or agreements, or joint ventures, or license rights, etc. etc. Seems, at best, GTGP is merely a middle-man reseller of MBS, with an unknown commission. Shareholders are always last in line for company profit. The numerous partnerships & agreements & licenses with numerous companies (M2 Polymer, Solucorp, East Morgan, J3, GTHI, maybe others) will receive their chunk of the GTGP contract pie profit first.

Again, Large Risk with revocation possible.
Undisclosed and unknown shareholder reward.

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