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Last Post: 9/22/2019 10:04:09 PM - Followers: 21 - Board type: Free - Posts Today: 0

UNITED STATES OF AMERICA Before the SECURITIES AND EXCHANGE COMMISSION

SECURITIES EXCHANGE ACT OF 1934 Release No. 60142/June 19, 2009

 

ADMINISTRATIVE PROCEEDING File No. 3-13420

___________________________________

In the Matter of GLOBAL MATRECHS, INC.

: : : : :

ORDER MAKING FINDINGS AND REVOKING REGISTRATION BYDEFAULT

___________________________________

 

The Securities and Exchange Commission (Commission) issued its Order Instituting Proceedings (OIP) on March 30, 2009, pursuant to Section 12(j) of the Securities Exchange Act of 1934 (Exchange Act). The Commission delivered the OIP to Respondent Global Matrechs, Inc. (Global), on April 2, 2009, and Global filed an untimely Answer on April 17, 2009. The Division of Enforcement (Division) made its investigative file available to Global, as required.

Following a telephonic prehearing conference, I granted the parties leave to file cross-motions for summary disposition. The Division filed its motion for summary disposition on May 11, 2009. Global’s opposition to the Division’s motion and its cross-motion for summary disposition were due on June 15, 2009. By letter dated June 12, 2009, Global advised that it will not be filing an opposition to the Division’s motion for summary disposition, or, alternatively, its deficient periodic reports. Accordingly, Global is in default for failing to respond to a dispositive motion. See Rule 155(a)(2) of the Commission’s Rules of Practice. As permitted by Rule 155(a), the following allegations of the OIP are deemed to be true.

Global (CIK No. 1021226) is a Delaware corporation with its principal place of business in Ridgefield, Connecticut. Its business purportedly consists of providing safety and storage solutions for the nuclear, environmental, and chemical industries and also serving the nuclear waste, green, and homeland security sectors. Global has a class of equity securities registered with the Commission pursuant to Section 12(g) of the Exchange Act. The company is nearly two years delinquent in its periodic filings with the Commission. The company’s Form 10-K for the period ended December 31, 2006, reported a net loss of approximately $1.7 million for the prior nine months and an accumulated deficit of over $38 million. A "going concern" opinion was included in the independent auditor’s report in the Form 10-K for the fiscal year ended December 31, 2006, and management also disclosed "substantial doubt about the Company’s

ability to continue as a going concern" in its Form 10-QSB for the quarter ended September 30, 2006. According to Commission records, Global has filed notifications of inability to timely file an annual or quarterly report for the period ended December 31, 2006, and for the period ended March 31, 2007. Global filed its Form 10-K for the period ended December 31, 2006, on January 20, 2009. Its securities are currently quoted on Pink Sheets OTC Markets, Inc., under the symbol GBMR.

Global is nearly two years delinquent in its periodic filings with the Commission. Global received a delinquency letter from the Division of Corporation Finance, requesting compliance with its periodic filing obligations. Global responded to the letter by stating that it would cure its delinquent filings. On January 20, 2009, Global filed its Form 10-K for the period ended December 31, 2006. The company has failed to file its seven periodic reports, including one annual report and six quarterly reports after being sent the delinquency letter.

Section 13(a) of the Exchange Act and the rules promulgated thereunder require issuers of securities registered pursuant to Section 12 of the Exchange Act to file with the Commission current and accurate information in periodic reports. Specifically, Rule 13a-1 requires issuers to file annual reports (Forms 10-K or 10-KSB), and Rule 13a-13 requires issuers to file quarterly reports (Forms 10-Q or 10-QSB).

Based on the foregoing, Global has failed to comply with Section 13(a) of the Exchange Act and Rules 13a-1 and 13a-13 thereunder.

IT IS ORDERED THAT, pursuant to Section 12(j) of the Securities Exchange Act of 1934, each class of the registered securities of Global Matrechs, Inc., is revoked.

_______________________ James T. Kelly Administrative Law Judge

 


 

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PostSubject
#1874   I wonder if Michael Sheppard is still alive? AMA 09/22/19 10:04:09 PM
#1873   Southridge and Hicks are back in business. I AMA 12/21/12 04:40:09 PM
#1872   http://www.ct.gov/ag/lib/ag/rfps/rfp2012-07southridgevaluation.pdf igotyafiguredout 05/11/12 08:56:11 PM
#1871   http://www.ct.gov/dob/cwp/view.asp?a=2246&q=499080 energy_wave 03/04/12 10:25:24 PM
#1870   Home > Litigation > AMA 07/15/11 12:01:40 PM
#1869   Hopefully, his a,ss sits in a cell the energy_wave 04/07/11 03:18:38 PM
#1868   Where is that LIAR scumbag CEO NOW? Scamming AMA 04/03/11 04:46:52 PM
#1867   How are we going to ever see a AMA 10/28/10 09:39:51 AM
#1866   Thats but a tip of the iceberg according igotyafiguredout 10/27/10 11:21:47 PM
#1865   Southridge Hedgie Hicks Shurgs Off Regulators Investor Fraud AMA 10/27/10 10:41:35 PM
#1864   Hypers going back after the crew according to Reco igotyafiguredout 10/12/10 05:36:43 PM
#1863   I just stumbled across this forum and would bkerea58 02/09/10 10:42:51 AM
#1862   AMA..LMAO goupupup 01/28/10 02:44:14 PM
#1861   LOL...ok. Hopefully they all end up in Jail AMA 12/05/09 12:40:38 AM
#1860   AMA This might help you a bit, igotyafiguredout 12/05/09 12:35:43 AM
#1859   AMA its for more than just paying the bill igotyafiguredout 12/05/09 12:32:38 AM
#1858   Looks like Mikey forgot to pay the webmaster. AMA 12/04/09 11:48:40 PM
#1857   batscam, you get scammed here? harr449 12/02/09 06:40:01 PM
#1856   Good to know because Sheppard will do Jail AMA 11/11/09 04:59:18 PM
#1855   He wasnt lieing when he said stay tuned igotyafiguredout 11/11/09 04:32:40 PM
#1854   Not much to do since they shut down trading. Batscam 11/06/09 07:59:33 PM
#1853   hot damn he works quick igotyafiguredout 11/04/09 09:10:02 PM
#1852   Bat stay tuned its gonna get interesting igotyafiguredout 11/03/09 09:06:36 PM
#1851   LOL...POS Sheppard better wake up fast. AMA 11/02/09 09:21:10 PM
#1850   Hmmmmm we may need a bigger cell.............. Batscam 11/02/09 09:17:44 PM
#1849   Sheppard will go down with Hicks as well. AMA 10/27/09 08:36:18 AM
#1848   Recos on a rampage... igotyafiguredout 10/27/09 03:29:51 AM
#1847   SEC and Manhattan District Attorney investigate Southridge Capital AMA 10/09/09 05:13:46 PM
#1846   MORE NEWS igotyafiguredout 10/09/09 05:03:11 PM
#1845   You can reach Rae at igotyafiguredout 10/08/09 03:29:34 PM
#1844   Important news igotyafiguredout 10/08/09 01:49:25 PM
#1843   TY Rae AMA 10/07/09 10:07:20 PM
#1842   Very Important post for GBMR share holders AMA 10/07/09 10:06:36 PM
#1841   Bat, "Yes, I got on Wed afternoon, thank you." Chrf4 10/07/09 12:35:21 PM
#1840   Dear Shareholders Unitedreco 10/05/09 03:55:01 PM
#1839   GBMR Chart AMA 09/24/09 11:09:02 PM
#1838   AMA, Who cares about that symbol. In one year, Chrf4 08/20/09 10:51:03 AM
#1837   AMA, NO. I don't think you know anything either. They Chrf4 08/18/09 12:05:44 PM
#1836   Some trading on MRKL Chrf4 08/18/09 11:53:23 AM
#1835   CHRF4, You know something? AMA 08/17/09 11:02:05 PM
#1834   rah, rah, rah, was cured by a dose Batscam 08/17/09 06:33:04 PM
#1833   Bat, "$100,000.00 to be paid out on a quarterly Chrf4 08/13/09 11:17:14 AM
#1832   Exactly, expected which was a lie....Sheppard never intended AMA 08/13/09 12:28:14 AM
#1831   They've been "expecting" those sales for over ten years. Batscam 08/13/09 12:26:29 AM
#1827   Batscam, What does this mean in Time's post: Chrf4 08/12/09 01:23:43 PM
#1826   LOL, alot us do!!! Batscam 08/11/09 06:17:40 PM
#1825   I lost alot of money too. Batscam 08/11/09 06:16:28 PM
#1824   It is a shame Batscam that all of AMA 08/10/09 11:44:49 PM
#1823   He needs to do time in group therapy AMA 08/10/09 11:31:28 PM
#1822   chrf4 may do time for this Batscam 08/10/09 11:27:09 PM
PostSubject