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By the way I was told me that somebody will be seeing you soon for spreading this false rumor back then.
When if and how is really going to be of no concren to you since you are just looking to break even. It will swallow up the 126 shares you have like a gnat.
Congratulations on your 300th post here. Maybe you can get a Gold Star next to your moniker from the moderator or someone
Stock is going to be a freight train when they finish the financing and start producing. This technology has been used with clients like Toyota, Ford and U Haul in the past when Ms Joy Nunn was independent. From what I understand that will be in the private placement memorandum showing the tech's past usage and clients.
And I am sure that you dont want to lie in an document that is going in front of the SEC and investors whom can sue if provided false information.
So now its time to take the technology and put it on center stage for all the world to see. Just one decent size uniform customer let alone the dozens they are targeting will put the stock in double digits.
Tears on my pillow for ya both.
DGOR and CHAOS did you ever consider opening up a joint account?
I dont think the stock is going to skyrocket. I think this stock will move around a bit and can maybe even go up slightly. When they sign there first contract and have the production line in and humming like a rolls royce. Then its a missle heading right for the head of chaos.
ZZZZZZZ ZZZZZZZZZZ ZZZZZZZZZZ I for one dont care if you make a dime or not. I entered my relationship with this company thru a private investment along with another handful of people at the right time.
If you guys bought into a shell? Oh Well!!
This CG guy has had three major winners in the last 8 years with complete start ups. I did my DD and this is what I found.
Educational Lending with Robert De Rose which was sold to CIT
Coastal Energy with David Arledge which was sold to a Malaysian group
First Cash FCFS which went to over $2 Billion in valuation recently he started from a 2 store pawn shop chain to what it is today.
Now ask yourself. Do you want to listen to a group of people here on this board that have lost their shirt by not doing proper DD and now whine about it??
Not me. I will go with the triple crown winner. CG may tak his time getting the horse to the gate it seems but the horse always seems to run when the gate opens. IMHO
By the way who do you guys like in the Derby?
Hmmm DGOR three years ago is when you bought in. What was it you were expecting at that time? I did some research and it appears the only thing that the company was doing during that period was some advisory work for some companies that would eventually go public. Two of those companies did go public and eventually we will receive a dividend in them.
There really was not much of anything going on at that time. So how did you find out about this incredible opportunity. Did you come to know it by some cheezy promotion group and expected to see the stock go up 100%- 1000%? Did you expect top get rich off a small dividend distribution? What were your expectations since there was nothing much of any real business initiative going on back then.
I think most of the people here came in off the heels of some garbage promoter who had an agreement with a third party who had their own axe to grind and that did not include you or anyone else here.
I saw when they hired some idiot out of NJ and then fired him a month later when they found out that he was a fraud.
But other than that I dont see where the company gave you the expectation that in 2012 it was going to anything much other than maintain.
Now they have an initiative and regardless of whether or not there have been some stops and starts this one is on track and getting ready for prime time. IMHO
If they needed $500 or $500 million one thing is for sure. You dont have either. Nor are you a shareholder. You are just a basher grasping at proverbial straws.
Real value is being created by this great management team and I not only have been in the last round of private placement but will also go into the upcoming round that Network 1 starts shortly.
OH DO YOU HAVE AN ODD LOT NOW???
NEWS
http://globenewswire.com/news-release/2015/04/30/730730/10131796/en/Global-Fashion-Technologies-Inc-GFTI-Entering-The-Market-for-Uniforms.html
Global Fashion Technologies, Inc. (GFTI) Entering The Market for Uniforms
Company's Initial Focus Will Be On Commercial and Industrial Uniforms Markets Utilizing Its Patented Technology.
April 30, 2015 08:30 ET | Source: Global Fashion Technologies Group, Inc
Santa Fe Springs, CA, April 30, 2015 (GLOBE NEWSWIRE) -- Global Fashion Technologies Inc. (OTC: GFTI) using its one of a kind rejuvenation technology is focusing the commercial application of its technology on the unique and untapped market in commercial and industrial uniforms.
"This is a niche market which has been largely ignored. Uniformed companies have made great strides in sustainability everywhere except on their bodies, remarked Joy Nunn CTO of Global. Our patented rejuvenation technology will provide this segment of the workforce, which is vast, with sustainable fibers and fabrics which are odor and stain resistant, and also possess anti-microbial and thermal properties added Ms Nunn.
Global will employ a strategic 360 Loop approach which encompasses the collection of the industry's used uniforms and their subsequent rejuvenation in order to then provide sustainable, hi tech uniforms back to the uniformed companies industry added Ms. Nunn ."
Chris H Giordano Global's President stated "We are at the genesis of something truly unique. This one of a kind high tech production method has been used before on a smaller scale by Ms. Nunn in the recent past producing cotton fiber from scrap cotton for some well known companies.
We are now refocusing our combined efforts in order to utilize the Pure Tech 360 process on a very large scale initially in the market for corporate and institutional uniforms, which on a global basis is estimated at $40 Billion per year.
This is just the beginning of the opportunities to utilize our high tech advantages over the competition. The vertical markets that we can serve and gain market share in are truly boundless and range across a broad spectrum of industries. We expect to develop a footprint over time in industries ranging from apparel to home furninshings. It really is an exciting time for Global since we are in the final throws of taking the Pure Tech 360 process and making it commercial on a very substantial level."
CONTACT:
Chris Giordano
President
973-291-8900
Thomas Witthuhn
Chief Marketing Officer
323-277-9090
Joy Nunn
Chief Technology Officer
212-228-3070 ext. 100
Paul Serbiak
Chief Operating Officer
212-228-3070 ext. 101
There is some creedence to that Chaos. But in this particluar case it wont make a difference. The company is on the heels of having a clean balance sheet, $3.5 MM PP coming up shortly, a world class management team and an ability to demonstrate for its potential corporate clients the most advanced sustainable technology and high tech fabric to ever to hit the textile and apparel industry.
The Under Armour of the cotton industry as it was explained to me by someone who knows this industry
HISP was assisted in getting public by another company known as Global Fashion Technologies, Inc (GFTI) which has a subsidiary that does consulting work in exchange for equity in companies known as Trident Merchant Group, Inc.
They did some consulting work for HISP and still do. They own stock and a portion of it at some time will be declared a dividend to GFTI shareholders.
Its not that much to begin with and GFTI has over 350 shareholders so it will be a pro rata distribution. For some reason one of the board moderators here thinks you can call the company up as a GFTI shareholder like you were in a diner ordering a cheeseburger deluxe and say to the CEO I am here to collect my dividend. LOL
Long story not worth talking about here and I am still trying to figure out why Chaos has it as part of this forum. It has nothing to do with HISP other than HISP will gain access to another 300 shareholders.
Stop the presses!
GFTI is on its way and will prove that over the next few weeks IMHO. Getting the house in order before you invite in the neighbors is tantamount. This is where the company is.
I am running off to a meeting chaos. If you want to banter with me and be educated once more it will have to wait til later after 9 PM tonight
Talk to you later my dear friend
It seems like you do not know how to read a financial statement. You really should not be buying stocks let alone penny stocks.
Mutual funds are an alternative. Unfortunately they require a $1000 minimum investment usually. But look into it. I think until you know how to at least read a balance sheet I would stay away from OTC stocks.
You cannot rely on the info you get here thats for certain. Too many agendas.
You cant demand anything. A company needs to register the shares in a classic spin off. There is a S-1 registration statement that registers the shares unless the parent company meets a very stringent acid test and then qualifies for a Form 10 SB spin off.
Demand your shares????? LOL.
NEWS
Global Fashion Technologies, Inc. (GFTI) Announces The Addition Of Key Executives
Globe Newswire: Global Fashion Technologies, Inc. (OTC: GFTI) announces the addition of two key executives, K. Joy Nunn and Paul Serbiak
April 22, 2015: 09:30 AM ET
Santa Fe Springs, CA, April 22, 2015 (GLOBE NEWSWIRE) -- Joy Nunn, CEO of Pure Systems International, LTD., a California based innovator in sustainable textile engineering and application, has agreed to become the Chief Technology Officer and board member of Global Fashion Technologies, Inc .
Ms. Nunn is a pioneer and continues to pioneer the rejuvenation of excess textile materials for integration into upper-end commercial and retail applications.
Ms. Nunn has successfully developed patents which cover both the organic treatment and engineering process of the raw materials. Ms. Nunn's patents for the organic treatment and engineering of materials capitalize upon a sustainability model that slashes the intensive use of natural resources required for first generation fibers and fabrics.
The result of this groundbreaking technology has been textile fibers which are longer, stronger and more efficient in the manufacture process than are virgin materials.
Paul Serbiak, a former Global VP of Consumer Products with Johnson & Johnson and current COO of Pure Systems International, has agreed to become Global's Chief Operating Officer and board member. Mr. Serbiak will now provide to Global his 35 years of broad experience in the areas consumer products, R & D and engineering.
The "Pure System" takes scrap materials and rejuvenates them into pure, technically advanced fibers that can be fabricated once again into re-usable products. The Pure process helps our client companies and fiber product manufacturers operate sustainably rather than sending their scrap material to the landfill or incinerator."
Chris H Giordano, Global's President added, "We welcome both Joy and Paul to our company and the opportunity to now bring to Globa shareholders a fully rounded world class management team. Sustainability is a key focus of the CEO's of the worlds largest corporations and our management team has the expertise to help us take full advantage of this tremendous opportunity within that focus. It is with great anticipation that we now move forward to set a standard of excellence and to have Global make a mark in the rapidly growing world of sustainability with our "high tech fiber" products.
We will also be releasing our year end report and first quarter report simultaneously in the very near future. It is anticipated that the 1st quarter report will show a near total elimination of our former liabilities. This will now allow Global to have a fresh start with a one of a kind business initiative, without the overhang of the former company's balance sheet.
We look forward with excitement to our next communication with you our shareholders."
About Global Fashion Technologies, Inc: Global Fashion Technologies, Inc is a global sustainability company specializing in the manufacturing and distribution of rejuvenated fiber products.
About Pure System International LTD: Pure System International LTD is a global technology and management company, the global leader in Rejuvenation technology, specializing in the analysis, mobilization and transformation of the world's largest waste streams.
I am 100% with these guys. You have not had the benefit of sitting in a conference room with them and going over the game plan with the clothing opportunity that is in fron of them.
It is with great excitement I am in to stay and I mean for years to come. This will be a major winner IMHO.
Luminex is a public company known as Direct LED. They did what they had to. Got it public. It is up to Direct LED to file the 15c2-11 not GFTI
HISP is on its way also and when they distribute the dividend they distribute the dividend. They will do so after the financing is done on GFTI with Network 1.
ZZZZZZZZZZZZZZZZZZZZ anything else jealous ones?
I understand that there will be an key relationship being announced sometime soon that will allow GFTI to launch a program with a major department store and with a "large" personality who GFTI will create a rejuvinated clothing line for.
GFTI will be the only company that has this tech fiber as a result of its JV with a nano technology company that specializes in high tech fabrics.
Im am excited and I am long term. This company is going to be a major play in a space that GFTI will dominate thru its proprietary fabrics.
I love this deal after hearing the story from the President of GFTI. He knows the deal since he assisited the company in getting public and also now is assisiting them with their IB needs.
It has all the underpinnings of a great roll up strategy in a very fragmented industry.
I was involved in his first roll up in 1990 FCFS. Look at that chart. Thats how long he has been doing roll up deals.
He said the MGMT here is excellent and the strategy is on the money since there are 100's of deals out there for HISP to look at just here on the eastern seabord.
He does not have the money to buy cheap shares.
Expect dilution since there will be a PP to start the sustainable fiber business. But the cash flow that it will generate will eat thru all of the dilution like Pac Man.
I have seen the pro formas as a PP investor in the company and they were put together by a real pro. It is inclusive of 9 TABS on the EXCEL spreadsheet. Not just a pro forma P & L.
If they do 20% of what is projected from just the forst production line its $10.00 JMO
Yeah buckle up.
Yes I do. It will take about $5 Million to finance the entire project which is consistent of both equity and debt which will enable the company to purchase the production line which is manufactured by Siemans AG. They will order the machinery this April/May. It will also cover expenses for Leasehold improvements, purchasing scrap cotton from its global supply sources, payroll and the engineering of the production line.
The production line is almost the size of a foot ball field and requires 25,000 square feet of space per operating line I am told. The product produced with this nano technology is a cotton fiber that is stronger than cotton that comes off the plant and able to assimilate other nano technologies that enhance it further such as hypo allergenic properties, odor free properties, stain free properties etc. It also works with polyester, wool, silk and blends.
Can you say sustainability and green tech? We are in the so right space at the so right time.
The client list for the product is the who's who of corporate America.
Have a nice weekend.
Like I was told weeks ago TX in favor of NM which turned a grant into a loan at the last minute on the $2 MM in LEDA funds. Dirty pool by NM. The landlord had over $1 MM in repairs on the roof alone and instead of having grant money available it turned into a loan.
So borrow the money we promised you as a grant and instead pay interest on it and we will let you own this building for $4 MM and hire our people.
Deep in the heart of TX! I am in the first round of private placement and will be going into this one as well. This is highly proprietary, patented nano technology that will turn the textile industry on its ear. So much so that there is a senior Johnson and Johnson guy who is joining the company as COO shortly.
Hmmm he must know something we all dont know. Im all in are U?
Dont listen to what chaosnontrader chaostalker or whatever his moniker is says. He hasnt a clue. JMO
You will not receive any dividends since you need to own a round lot of stock in order to qualify. :(
You really are a novice. S-8 stock is only given to employees or people with a professional designation for legal services etc. In addition broker dealers cannot accept S 8 stock for services or a retainer.
Secondly there is no retainer agreement between Network and Global. That I verified. You have nothing except hanging on to Belen. LOL
Buh BYE
EB 5 is on the table. No reputable law firm that sponsors EB 5 takes stock. I have a friend in Hong Kong that does EB 5 and has been for years. First you need to have a law firm get your cleared with the State of Texas. Then anyone a broker, individual etc etc can get paid for intorducing foreign nationals to a project, company building project and so on.
There are no up front fees of stock free trading or not little boy that are involved. Unless like the companies you are involved in is a sham.
UHhhh BUH BYE
They have an Investment Banking firm that is raising $3.5 MM.EB-5 is in additon to baby boy. Call Network 1 and ask. I did and its REAL. You are so close to running out of bullets which are rubber ones to begin with.
What then? BUH BYE!
He is the only one left. Chaostrader. The funny thing is that he is wrong about everything he said of says and he has caused no chaos whatsoever. He will be gone shortly.
Can you say BUH BYE? BUH BYE!
UPDATE
Network 1 Financial will be starting the private placement in less than 10 days for $3.5 MM
Texas is now home not NM since NM which turned a grant into a loan according to Mgmt which was in part to be used to repair the roof on the Solo Cup facility.
MGMT is looking at five different facilities and will choose one withn a few weeks. Texas is looking like a $3 million grant depending on how many jobs will be established.
There is also something called EB5 funding which Texas has an aggressive program on that allows foreign nationals to get a green card by investing a minimum of $500,000 into a sponsored project here in a particular state in exchange for a very low interest loan.
World class management will be added to the current group.
Mr Giordano is still lending the company money for its basic expenses before the financing.
The 10 K will be filed in a few weeks.
The 10 Q will be filed in 3-4 weeks showing no debt and positive shareholder equity.
The equipment should be ordered in April/May so production can begin after the delivery and installation of the equipment.
The client list consists of Fortune 100 companies which will be noted in the Private Placement Memorandum
We are now on the 20 yard line according to Mgmt. "Its about equipment being ordered, installed and then taking orders"
My understanding is that they are at the tail end of the paperwork necessary in order to move forward with this rejuvenated cotton play and then they will release news on both that and the Trident spin off that will pass along the dividends of a few client companies.
Good then you can take yourself to another board. Have a good life new kid on the block. just born as cookieman huh? Sorry for your loss. Our condolences...he he he.
So mmmmmmm can you enlighten us with what he shared with you? As I told you he takes calls and has taken at least 10 of mine.
300-500 million shares? That would put the stock at $5000 a share LOL. I would love to see 1 million shares which will turn the float over 3 times probably. That day will come in IMHO.
They are onto a business that will capture all the attention in the world since it is nano tech, greentech, socially responsible and very sustainable since the process allows the customer to use its waste time and time again. It will also be driven by contracts with large companies.
Great question.Now that it comes in in dribs and drabs the market can handle it. Once there is agressive buying its going to take off I guess.
There are new buyers coming in here and this trend will continue since the company is meeting with many people whom are potential customers whom sometimes ask where they can buy stock. This is what I was told.
He said he got a call from Boston area later yesterday but was on the phone with the IB that will be funding the company. He also said he will be calling that person back today. So if that is you then you need to retrack your accusations about him not being available to talk to.
As far as the dividends. They absolutely will be done since they are separating the advisory company from the rejuvinated fiber company in the next month.
Here is the skinny on that $2 million Tdel. The State of New Mexico was supposed to give it as a grant and at the last second some political football erupted and it was magically changed into a loan.
The Company is still looking to iron it out but this is a $4 million dollar swing to the negative side.
Texas has 5 locations to my understanding and has considerably better incentive programs. Deep in the heart of TX we go it looks like.
No I think you may be referring to someone else. I am new to this Board but not new to the company old guy. Did you ever call as he requested?
There are much better opportunities all over the marketplace than this it seems so isnt it is funny how people stick around just to bash. LOL.
When the 1st qtr comes out the company will be rid of all its debt and actually have positive shareholder equity.
Like he said. "you need to make certain the kitchen is clean first before you invited the neighbors over"."
Now that the balance sheet is clean its time to do the next round of financing which we will see shortly. Then you go into operation with fresh cash, no debt and A HUGE MARKET TO SERVICE WITH A ONE OF A KIND TECHNOLOGY.
This is a high tech company people.
It was not about you at all. He always takes my calls and he was waiting for yours yesterday and he will also take it today. Please call him. If you dont then you cant expect anyone to put any stock in what you say.