GlobeStar Therapeutics Corp (GSTC)

[JACKPOT]

Just bought 😂

[Cashman17]

Jim would still fuck up a wet dream

[beer$$money]

$GSTC less than 3.5 mil been dumped on the BID @.0004
https://ih.advfn.com/stock-market/USOTC/globestar-therapeutics-pk-GSTC/trades

[Cashman17]

Jim’s a fuckhead period

[MonopolyTrader]

Jim thinks the accounting will cover all the money…


But he tells shareholders all the time he hasn’t take a dime..

Most likely cash or money on the side being played here..

Suspenseful

[SILVERSURFER4263]

do you think your 10m bid will fill at 0004?

[warfaretrader]

I doubt this goes no bid from where we just fell from without some bounce back to around .0015 range. I also don't think they're that close to being done diluting either. That doesn't mean it won't or cant bounce back if they lay off the dilution for a bit. Remember, someone is buying all these shares and the majority are not being bought the IHUB folks sorry to say. I'm bidding 3's and 4's expecting a bounce back to that .001 to .0015 in the next few weeks. Happy with 4's would be very happy with 3's, 3's don't hold I exit the play, its that simple. No one knows the bottom that's the risk, but falling straight from .002 a little over a month ago to where we are today with no bounce, puts this in play in a nice risk vs reward for a trade. Again, i'm not an investor in OTC that's a fools game, banking on an OTC ticker, any ticker long, long term is crazy to me when you look at the odds of that GRAND SLAM of all GRAND SLAMs. 95% go by/by within 5 years the other 3% have learned how to dilute and play retail to keep them coming so they last a little longer, 1 to 2% actually make it to another exchange. Use the OTC for what it is, HIGH RISK= HIGH FAST REWARD. If I'm right i'm buying 3's and 4's selling starts at .001 to .00015 will keep 1/3 for a bigger run and a full exit if it drops below .001
These bag holding pumpers here still dreaming of riches when this MS drug makes it to market, fools game! Invest in small caps, mid caps, FANNG, and GOLD, you trade plays in the OTC! GL

[SILVERSURFER4263]

jail and disgorgement! coming

[SILVERSURFER4263]

Kramer's feeding the ask propping 0004 bid.....what a finger POS

[Ashley250nelson]

Close ot no bid but close to moving north, which 1 is it? when will there be more dilution tho. Are we done with dilution short term. I am confused jsut like everyone else here. I have no idea what to expect here.

[warfaretrader]

Lol, well first I'm not bullish on the company per se, as the PA. I personally think the company, & CEO is crap, always has been and most likely always will be. I also think they have a 99% of failure to come to market with anything. I trade plays not companies, and this company over the past few years has had some very nice runs, and there's a very high % it will again. Not because they are on the cusp on "anything" but because they will need to continue to dilute and being the are a blip away from no bid, they don't have much farther to fall. Yes, there is always the chance of a RS but this ticker imo in the new OTC with everyone having 10 bill A/S and the O/S is nowhere near maxing out. SO I expect we are very close to a move north, that's why this is back on my play list. Seeing if .0004 are gonna hold, its all about risk vs reward. GL

[SILVERSURFER4263]

even I'd be shocked if 0004 gets whacked

[SILVERSURFER4263]

huge losses traders are averaging down buying 0005...hopefully its the bottom till next pump

[MonopolyTrader]

Jim has been doing business with powerup forever. I remember he once acted like he didn’t know who Kramer or anyone was… hahahaha.

He’s connected and they’ll look through all the notes and stuff he gave to powerup and then they’ll connect how he pumped and only put out news for them..

Literally an accomplice to them. Helping them sell. ILLEGALLY

[MonopolyTrader]

Jim… he won’t adapt to new OTC. Thinks old way of doing business and toxic funding.. SINCE HE gets paid. Anyone who believes Jim hasn’t been paid through these companies is insane.

He will tell you he hasn’t made a dime..

Ask him how he pays rent, utilities and just food?

I’d love to know that answer

[crazy horse 0]

Just unreal how this has turned out now who is the blame ?

$GSTC U.S. regulator wins key appeal challenging definition of securities ‘dealers’
SEC filed this case in 2017!!! Appeal lost February 15, 2024

By Alison Frankel
February 15, 2024
Feb 15 (Reuters) - The SEC on Wednesday won an appeal against a penny-stock firm accused of acting as an unregistered securities dealer, fending off investment industry warnings that its expansive definition of a dealer would rope in an array of advisors, pension funds and even insurers.
The 11th U.S. Circuit Court of Appeals ruled that Ibrahim Almagarby was acting as an unregistered securities dealer in a series of transactions in which he acquired debt from penny-stock companies, converted the debt to stock and then quickly sold off the new shares. Almagarby and his company, Microcap Equity Group, made nearly $900,000 from the transactions. The SEC alleged that investors who bought the stock were victimized by the so-called “death spiral” dilution of share value as Almagarby flooded the market with newly converted shares.
The Almagarby case was part of a sweep of recent SEC enforcement actions against firms with similar business models in the penny stock market. The SEC’s overarching theory is that the firms – which profited from buying convertible debt at a steep discount and selling newly converted shares at market price -- were operating as unregistered securities dealers when they swamped the market with the new shares.

https://www.reuters.com/legal/government/column-us-regulator-wins-key-appeal-challenging-definition-securities-dealers-2024-02-15/

U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 23992 / November 20, 2017
Securities and Exchange Commission v. Ibrahim Almagarby and Microcap Equity Group LLC, No. 17-cv-62255 (S.D. Fla. November 17, 2017)
SEC Charges Individual and His Company with Operating an Unregistered Dealer Business
The Securities and Exchange Commission charged a Florida-based individual and his company with acting as unregistered dealers in the sale of billions of shares of numerous penny stock issuers.

The SEC's complaint, filed in federal district court in south Florida, alleges that, beginning in January 2013, Ibrahim Almagarby and his company, Microcap Equity Group LLC (MEG), engaged in a business that purchased aged penny stock issuer debts. After converting the debts into equity, they sold the resultant shares into the market. At the time of this conduct, the complaint alleges that neither Almagarby nor MEG were registered with the SEC as a dealer and Almagarby was not associated with a registered broker or dealer. Through these activities, Almagarby and MEG purchased over $1.1 million of aged debts of 39 microcap issuers and sold into the market over 7.4 billion shares generating over $1.4 million in ill-gotten gains.

https://www.sec.gov/litigation/litreleases/lr-23992

[BluePuppet]

I don’t think anything is coming next. The only thing we should be surprised about moving forward is Jim actually coming thru here. That’s what’s going to surprise me at this point.

[BluePineCapital]

Their average is .00036 on this round. But I have a feeling they will even dump below their average because of the court order

[BluePineCapital]

I’ll try my chances at .0002 lol

[qualityincolor]

Lmao... where's your bid at??? Gltu

[BluePineCapital]

GSTC currently attached to a ventilator. Might be on its last legs

[beer$$money]

$GSTC U.S. regulator wins key appeal challenging definition of securities ‘dealers’
SEC filed this case in 2017!!! Appeal lost February 15, 2024

By Alison Frankel
February 15, 2024
Feb 15 (Reuters) - The SEC on Wednesday won an appeal against a penny-stock firm accused of acting as an unregistered securities dealer, fending off investment industry warnings that its expansive definition of a dealer would rope in an array of advisors, pension funds and even insurers.
The 11th U.S. Circuit Court of Appeals ruled that Ibrahim Almagarby was acting as an unregistered securities dealer in a series of transactions in which he acquired debt from penny-stock companies, converted the debt to stock and then quickly sold off the new shares. Almagarby and his company, Microcap Equity Group, made nearly $900,000 from the transactions. The SEC alleged that investors who bought the stock were victimized by the so-called “death spiral” dilution of share value as Almagarby flooded the market with newly converted shares.
The Almagarby case was part of a sweep of recent SEC enforcement actions against firms with similar business models in the penny stock market. The SEC’s overarching theory is that the firms – which profited from buying convertible debt at a steep discount and selling newly converted shares at market price -- were operating as unregistered securities dealers when they swamped the market with the new shares.

https://www.reuters.com/legal/government/column-us-regulator-wins-key-appeal-challenging-definition-securities-dealers-2024-02-15/

U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 23992 / November 20, 2017
Securities and Exchange Commission v. Ibrahim Almagarby and Microcap Equity Group LLC, No. 17-cv-62255 (S.D. Fla. November 17, 2017)
SEC Charges Individual and His Company with Operating an Unregistered Dealer Business
The Securities and Exchange Commission charged a Florida-based individual and his company with acting as unregistered dealers in the sale of billions of shares of numerous penny stock issuers.

The SEC's complaint, filed in federal district court in south Florida, alleges that, beginning in January 2013, Ibrahim Almagarby and his company, Microcap Equity Group LLC (MEG), engaged in a business that purchased aged penny stock issuer debts. After converting the debts into equity, they sold the resultant shares into the market. At the time of this conduct, the complaint alleges that neither Almagarby nor MEG were registered with the SEC as a dealer and Almagarby was not associated with a registered broker or dealer. Through these activities, Almagarby and MEG purchased over $1.1 million of aged debts of 39 microcap issuers and sold into the market over 7.4 billion shares generating over $1.4 million in ill-gotten gains.

https://www.sec.gov/litigation/litreleases/lr-23992

[crazy horse 0]

This could take a long long time like Years

$GSTC indeed the Sec has been very aggressive in going after Companies engaged in convertible note financing for violating the registration provision of Section 15(a)(1) of the Securities Exchange Act of 1934.

Litigation Releases
The list below provides links to litigation releases concerning civil actions brought by the Commission in federal court.

https://www.sec.gov/litigation/litreleases

[beer$$money]

$GSTC indeed the Sec has been very aggressive in going after Companies engaged in convertible note financing for violating the registration provision of Section 15(a)(1) of the Securities Exchange Act of 1934.

Litigation Releases
The list below provides links to litigation releases concerning civil actions brought by the Commission in federal court.
https://www.sec.gov/litigation/litreleases

[crazy horse 0]

What surprise comes next ?

[NebraskaOTC]

Bud.... there is ONE thing CLEAR here. EVERYTHING .... and I do mean EVERRRRRYYTHING you have claimed IS happening with $GSTC... has been the exact opposite of the truth.
You should stop lecturing people and apologize for STILL saying there is a hospital

[JACKPOT]

Phase 1 hasn't even started and it's been 3-4 years. Jim is FOS. Trade it and don't listen to the BS story anymore. There has been 5 good trades this year and the 6th is upon u$. IMO

[Aquahoya]

Right. What else are we to do? If Phase 1 goes well, he will have funders. That much I know very well.

[JACKPOT]

Lending in pennyland for the past 2-3 years has dried UP. Get used to more & more penny stock companies to do a r/s if they're looking for funding.
Jim made it sound like once he had the toxicity report and CRO partnership that the initial funds for clinical trials is lined up, 🤣
and if trial results have positive results, who wouldn't want to lend the company $$ at that point to move forward. 🤣 🤣

So far, he's got nada but a story and lots of folks here call it a BS story.

Jim,

[Aquahoya]

Honestly man, it's better than no funding. Who out of any of us is going to give Jim money? I guess I will accept one evil for another.

[pacman181]

Hahha..yeah power up such stand up guys..looking out for the small caps

[Aquahoya]

Thank you for the post. Very interesting. Unfortunately, how long will this last since SEC already slapped them? This what we will have to find out.

[tryz]

Why has nobody posted this new press release rebuttal to Power Up and GSTC forum bashing for the fear or greed ?

Naidich Wurman LLP Responds to SEC Complaint on Behalf of Power Up Lending Group Ltd., Geneva Roth Remark Holdings, Inc., 1800 Diagonal Lending, LLC, and Curt Kramer :

https://www.prnewswire.com/news-releases/naidich-wurman-llp-responds-to-sec-complaint-on-behalf-of-power-up-lending-group-ltd-geneva-roth-remark-holdings-inc-1800-diagonal-lending-llc-and-curt-kramer-302138775.html

[Ashley250nelson]

INKW diluted way more and higher OS why is GSTC this low compared to other dilutive stocks that still run. just the ceo?

[Ashley250nelson]

So is there any potential here or what’s the future looking like should I average down a little or just sell? I lost my house on few plays being serious I’m furious. What if I hold for a year or two? Or is this ticker done? Can it run after this sell off. Is power up done selling

[SILVERSURFER4263]

power up is under indictment by sec...could even wind up in criminal court.....Jim's only source of funding is toxic .the 3 drug cocktail ain't worth spit hence only power up as they are pros and never lose money...they convert at big discount and dump immediately into Jim's fluff PRs.... period
noone will touch this company at this point imo......find a bottom...average down and dump into a traders pump.....and never look back

[Cashman17]

U must be blonde sec cracked down on them yesterday

[Ashley250nelson]

How did he lose power up ?

[tryz]

If everyone took the time and read the SEC lawsuit against the swine of Power Up and on page 33 of the docket filed they were not permitted to sale any additional convertibles that they held in there possession including GSTC and if they did sell today they were willfully in breach of breaking the law of the SEC lawsuit filed yesterday and on how stupid Jkoff really is he himself dealing with these scumbags for funding over the years has to be aware of it and has to work in GSTC favor imho.

I still have solid faith moving forward and remain patient with or in GSTC management along with new funding bringing this Amethyst project for Multiple Sclerosis with AIP to its fullest !👌

[Nosnibor]

Buying big down here. Worth the risk IMO.

[Aquahoya]

Why are you asking me this? Jim clearly lost his only source of financing, which was Power Up. Unless he has someone else he can use, not sure we have anything. Jim needs to get his act together. Start updating shareholders.

[Ashley250nelson]

So this can still run to 5-10 cents? by next year 2025? Is there still some hope or is this just done? Real Question, he hasn't done anything or met any timelines.

[Aquahoya]

The 8k isn't going to make this go kaboom. I'm making a statement that providing an update with a tangible agreement in place with a hospital or CRO would provide creedence to the play. But he hasn't done this. No one cares what you have to say. You are out of this stock but for some reason you still return. Everyone was aware GSTC had to dilute, it had absolutely no financing or money to do anything. It's not rocket or behavioral neuroscience. You talk as if everyone was shocked Jim had to take money from someone to continue this process, why do you think many of these companies go public? This could dilute to 2 or 3 billion and if Jim were to get this to trials and succeed based on data, it would all be moot. There are plenty of dumps that run to multipennies. So save me your statements and walk away. You being here makes absolutely no sense.

[Ashley250nelson]

so now your bullish cause you bought bottom .0006?

[warfaretrader]

Aqua, Jackoff and Jim, "should be" but won't be. two of those three are just long term bagholders trying to not on convince themselves they didn't make a mistake, but those that followed them here and bought. You cannot fall in love with anything in the otc, it is purely a way to make a huge amount of money quickly, but if you don't know what you're doing you can also lose a ton of $. Especially in the past 3 years of the new otc.

[Dudman1207]

Aqua and Jim will be cellmates by 2026. Stay tuned…

[warfaretrader]

Really, you think if Jim has something important to say that will right the ship, 8k? Haven't you for the past 2 years watched the PA of this stock on every tweet, pr, 8k? 100% of the time has done nothing but allow power up to sell into. I warned all of you when this was north of .01 when I exited near the tops. This goes nowhere until the dilution is finished and whomever is buying these shares is ready for it to make a run. All of you crying about how much money you lost, throw Jim in jail, bla, bla bla. This is the OTC man. Jim isn't going to jail, he's doing what every otc ceo does at some point, which is loot his shareholders to raise $$. Learn to use them before they use you. Stops, stops, stops! If a play doesn't do exactly as you planned it to you kill the trade and move to the next play! Stop blaming anyone but yourself, Jim didn't make you buy his shell! This actually is starting to look like a real play right here. It's coming! Watch!

[SILVERSURFER4263]

t-trade usual dump...curt unloading before judgement day

[SILVERSURFER4263]

you have been around way to long to think that was a aftermarket BUY...
its a 14m share trade dump average 00061 today....
tomorrow will be another dump fest....could see 0004

[beer$$money]

$GSTC after market Buy for 14.780,002 Avg. @.00061

https://ih.advfn.com/stock-market/USOTC/globestar-therapeutics-pk-GSTC/trades