Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
People are selling at 10 cents and 11 cents because they are concerned that the stock will get REVOKED
So GTGP stockholders are going to turn in their freely tradable shares in a public company for shares in a private company that don't trade and then wait years for an IPO that will never get accepted by the SEC?
thanks
that will go real good for most people
GTHI can distribute shares as a private company and does not need the approval of FINRA, nor does it need the approval of anyone as it is a PRIVATE entity. All it needs to do is register the number of authorized shares with the secretary of state in its state of incorporation.
So, this being said, what's to prevent Mr.Fallacaro from taking GTGP private and then issue shares of GTHI to all the GTGP shareholders on a 1 :1 basis as per the NOBO list dated september 14th 2012 ?? NOTHING !! Nothing is preventing this from happening folks.
So, technically, GTGP can be taken private, then bought out by GTHI ( PRIVATE COMPANY ) and then all shareholders given some shares on a 1:1 basis and then IPO GTHI on the NASDAQ.
All this is EASILY doable and would probably cost less money than tio file any sort of financials for GTGP. The end result would be that all shareholders would have stock in the new GTHI/MSE/GTGP IPO company.
Please read this article for further education on the matter of giving shares to investors in a private entity. FINRA does not GOVERN private companies.
www.inc.com/magazine/20000501/18710.html
In order for GTGP to enter into a restructuring such that it becomes a private company, FINRA has to approve the transaction and THAT WILL NEVER HAPPEN.
In addition, if all the current stockholders got their ownership in a publicly traded company changed to an ownership in a private company, they would be illiquid and no one wants to be stuck with shares in a private company, never being able to sell them....
Finally, in order for GTHI to go public by doing an IPO, the SEC will have to approve it and make the registration statement "effective" and THAT WILL NEVER HAPPEN.
Current owners of GTGP stock are stuck with a grey sheet stock that will open in the $0.01 to $0.05 range on Monday and eventually drop to $0.0001/share unless revoked by the SEC.
I hope this helps
GTGP or bust Monday, October 01, 2012 1:34:34 AM
Re: None Post # of 66415
GTHI can distribute shares as a private company and does not need the approval of FINRA , nor does it need the approval of anyone as it is a PRIVATE entity. All it needs to do is register the number of authorized shares with the secretary of state in its state of incorporation.
So, this being said, what's to prevent Mr.Fallacaro from taking GTGP private and then issue shares of GTHI to all the GTGP shareholders on a 1 :1 basis as per the NOBO list dated september 14th 2012 ?? NOTHING !! Nothing is preventing this from happening folks.
So, technically, GTGP can be taken private, then bought out by GTHI ( PRIVATE COMPANY ) and then all shareholders given some shares on a 1:1 basis and then IPO GTHI on the NASDAQ.
All this is EASILY doable and would probably cost less money than tio file any sort of financials for GTGP. The end result would be that all shareholders would have stock in the new GTHI/MSE/GTGP IPO company.
Please read this article for further education on the matter of giving shares to investors in a private entity. FINRA does not GOVERN private companies.
www.inc.com/magazine/20000501/18710.html
So, the theory below is totally worthless ans flawed because if GTGP is revoked, then it automatically becomes a private company and then can be treated as stated in this post and article from the link above. So many options for Mr.Fallacaro to vindicate his loyal shareholders as he always has.
Quote:
--------------------------------------------------------------------------------
236T568
Monday, October 01, 2012 1:20:25 AM
Re: hiloeven post# 66362
Post # of 66412
End Game?
Yes, and there are only two possibilities for the GTGP "End Game"
1. Stock price of $0.0001/share
or
2. Revocation by the SEC
--------------------------------------------------------------------------------
Nice try though.
End Game?
Yes, and there are only two possibilities for the GTGP "End Game"
1. Stock price of $0.0001/share
or
2. Revocation by the SEC
Anyone with an elemental degree of financial sense and rationale will quickly review this board over the past few weeks and obviously be able to readily decipher the strategy, implementation, and attempted execution of postings for the express purpose of buying into this rare opportunity at the lowest possible price. Trust me, the detractors could care less about helping or advising the current shareholders of their position. Would you honestly spend hours or weeks on a board for the beneficial sake of advising those who have never met ? Please be honest. Take their dedicated efforts as the well calculated plot that it is, though there will be some that surrender to the premediated plan of intention. For those beyond taking a bite of the serpent's apple, I'll see you at the END GAME
so around 300K shares are going to try to be purchased on Monday and somewhere around 10 Million shares are going to try to be sold into the market at any price
what direction do you think that the stock price will go on Monday when trading resumes, up or down?
300,000 buys
10,000,000 sells
My broker and another broker told me that since there is no shorting aloud in the Greys that anyone that had a short position must cover the first day trading starts. So since we know there are close to 300 k shares short here I would advise if anyone wants to sell they should wait til Tuesday or not sell under a dollar...
sctts, yes you are correct that MSE will never be acquired by GTGP
thanks for posting it
the private company, GTHI, is the entity that is acquiring the private company MSE, Inc. from the state entity MERDI - and not GTGP.
it appears that the acquisition price is around $1.0 million, with part being cash and the balance being stock of the private company GTHI.
GTGP stockholders will not be able to benefit from this $1.0 million acquisition since GTGP stockholders will not be receiving GTHI shares as dividends since FINRA will not approve the dividend:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79762482
GTGP, instead is a grey sheet trading entity that will soon by REVOKED by the SEC for failure to file current financials, since CEO Fallacaro would risk too much in their filing:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=80059681
Look for the stock price of GTGP to beginning trading in the range of
$0.01 to $0.05 on Monday
and eventually getting REVOKED by the SEC in weeks ahead...
now, lets take a look at what a $1.0 million value means to a company that has 40 million shares outstanding:
$1.0/40.0 = $0.025/share
good luck there
Stop already , you are confusing me,
Now what exactly was the 1st point,
MSE will never be acquired by GTGP, oh, ok
THAI NAVY - GANGNAM STYLE
1ST REASON - WHY GTGP WILL NEVER FILE THE FINANCIALS WITH THE SEC
THEREFORE THE SEC WILL REVOKE GTGP'S STOCK
GTGP will NEVER file the 28 10qs and 10ks needed to get current on its financials filed with the SEC...
Much too much risk for CEO Fallacaro
For instance, what does Fallacaro do regarding the fraudulent sublicensing agreement that GTGP filed with the SEC?:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=80058796
Does GTGP show the truth on the Balance Sheet and Cash Flow Statement, that the $1.25 million cash was NEVER received by GTGP - thereby giving the US Attorneys Office all the evidence needed to file criminal fraud charges against Fallacaro?
or
Does GTGP file fraudulent financials showing in the Balance Sheet and Cash Flow Statement falsely showing that it did receive the $1.25 million cash? - Eventually leading to criminal fraud charges filed by the US Attorneys Office against Fallacaro?
THIS IS ONE OF THE MANY REASONS WHY GTGP WILL NEVER FILE THOSE 28 10Qs and 10Ks iwth the SEC - much too much risk for Fallacaro
narnia/gone4ever, thanks for the public statements by GTGP of almost a year ago regarding the GTHI dividend
yes, GTGP received the NOBO lists a while back and has applied to FINRA for approval of the dividend
It was not approved, and will never get approved
why?
just read this:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79762482
I hope this helps
Global has ordered the NOBO lists of all shareholders as well as the shareholders list from its transfer agent Pacific Stock Transfer for the effective date of December 24, 2011. Upon receipt, Global will file the appropriate forms with Finra outlining the terms of the dividend distribution.
ih.advfn.com/p.php?pid=nmona&article=50406571
Global has ordered the NOBO lists of all shareholders as well as the shareholders list from its transfer agent Pacific Stock Transfer for the effective date of December 24, 2011. We will, if necessary, request an additional NOBO and transfer agent report on Thursday the 29th of December to make sure that shareholders that purchased by close of business on the 23rd will be counted for the dividend in the event the NOBO list does not show the holders who have purchased by the 23rd. Upon receipt, Global will file the appropriate forms with Finra outlining the terms of the dividend distribution.
http://ih.advfn.com/p.php?pid=nmona&article=50495934
GANGNAM STYLE on COKE
GTGPorbust, sure no problem
GTGP filed fraudulent financials with the SEC:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79509518
and
GTGP filed fauduelent documents with the SEC:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=80058796
I hope this helps
I agree, the SEC doesn't suspend for no reason and in GTGP's case the SEC suspended GTGP because it did not file its financials. Which is a valid reason for suspending the trading. Now, the SEC documentation doesn't say anything about accuracy in GTGP's case and the SEC is most certainly not investigating GTGP on its financials since they had not filed them.
So, this being said, post me a link that states CLEARLY that GTGP has done anything wrong or is being investigated due to ACCURACY issues and I will reconsider my position. Otherwise, you are extrapolating based on your past review of thousands of pinky scams that were investigated by the SEC and generalizing.
Thank you for keeping it real and posting FACTS.
GTGPorbust, it appears that you haven't read this:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79975626
It is more than just adequacy of financial filings
good luck there
Where is it stated in any of the SEC documentation that GTGP is under investigation? Please show a valid link so we can all see it. Until I see a SEC document stating that GTGP is under investigation, I will take for granted the FACT that GTGP was suspended for adequacy issues related to the missing financials.
Your allusions to GTGP being under investigation by the SEC are only SPECULATIONS and opinions with absolutely NO PROOF.
Thank you for keeping it real.
tig, lets clarify things here
If MSE gets acquired by GTHI, the owners of MSE, MERDI, will receive GTHI shares are part of the acquisition price, not GTGP shares, which are essentially worthless.
here is what the Butte Blogger said:
http://butte-updater.com/
MSE-GLOBAL (GTHI) DEAL: NOON: Our most reliable source says there is a MSE Sale for Stock "supposedly by Monday or Tuesday" with stock from GTHI representing the stock part of the deal. 9-29-12
GTGP does NOT own GTHI, the private company
GTGP stockholders have no way to benefit from this acquisition of essentually a bankrupt company.
How do figure? If they are buying MSE with GTGP share how will we have no part of it? Even if it's because "GTHI" is acquiring them GTGP still owns GTHI and it will increase the GTGP pps.
GREGG, actually NO
If MSE, Inc. gets acquired, it will be the private company GTHI.
It will be a private company acquiring a private company
and you, as a GTGP stockholder, will not be able to benefit from this as FINRA will not approve any dividends of GTHI shares to GTGP stockholders:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79762482
well
here we go, now it will be as i predicted a few days ago
once the deal closes, the arguement will be that GTGP still has no chance
no need to argue this point
looks to me as if GTGP is buying MSE, as many here had believed
and very possibly just for shares
OH MY
why would they do that ??
GTGPorbust, you are mistaken
as has been made very very very clear, GTGP will not be allowed to dividend shares of GTHI to GTGP stockholders:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79762482
If GTHI acquires MSE, Inc. it will be a private company acquiring a private company, with NO benefit to GTGP stockholders.
I hope this helps
Yes Gregg :) and the best part of all this is that we will own shares of GTHI. As promised by our CEO last year we will get our dividends. I am certain now that Mr.Fallacaro will also make sure that anyone who owns GTGP shares now will own the equivalent number of shares in the new company!
Talk about an honest man :)
Thank you Mr.Fallacaro
THERE IS ONLY ONE THING TO SAY HERE.....................
OOP OOP OOP
<<<<<<<< GANGNAM STYLE! >>>>>>>>>
OOP OOP OOP
1ST REASON - WHY GTGP WILL NEVER FILE THE FINANCIALS WITH THE SEC
GTGP will NEVER file the 28 10qs and 10ks needed to get current on its financials filed with the SEC...
Much too much risk for CEO Fallacaro
For instance, what does Fallacaro do regarding the fraudulent sublicensing agreement that GTGP filed with the SEC?:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=80058796
Does GTGP show the truth on the Balance Sheet and Cash Flow Statement, that the $1.25 million cash was NEVER received by GTGP - thereby giving the US Attorneys Office all the evidence needed to file criminal fraud charges against Fallacaro?
or
Does GTGP file fraudulent financials showing in the Balance Sheet and Cash Flow Statement falsely showing that it did receive the $1.25 million cash? - Eventually leading to criminal fraud charges filed by the US Attorneys Office against Fallacaro?
THIS IS ONE OF THE MANY REASONS WHY GTGP WILL NEVER FILE THOSE 28 10Qs and 10Ks iwth the SEC - much too much risk for Fallacaro
sctts, if you are going to make a false statement like this then please at least take the time to review the SEC link that I provided to see what date the 8K with the fraudulent document was filed with the SEC by GTGP and what happened to the stock price and trading volume during the two days after it was filed..
the stock price increasd from about $0.10 to $0.17 and the trading volume increased from about 10,000/day to over 1,000,000/day during those two days after the 8K was filed with the SEC
unbelievable!
this is EXACTLY what you are going to see written by the SEC and the US Attorneys Office when they file the fraud complaints against GTGP, officers/directors, related entities, consultants and some promoters.
Actually, there was no spike in stock price. Early in 2009 the stock hit .40,
A week or 2 after Sept 14 the stock hit .18, and shortly thereafter settled back down
DETAILS ON WHO RECEIVED THE 1.7 MILLION GTGP COMMON SHARES ISSUED IN THE LAST MONTH BY SCAM COMPANY GTGP
Based on information from the transfer agent, the number of GTGP restricted shares ( 17,926,475 shares, see below) did not change,
therefore
the 1.7 milliion increase in oustanding common shares was an increase in freely tradeable shares.
how can this happen?
easy:
1. The Fallacaros own the 17,926,475 restricted GTGP shares. They are "restricted" because they are officers/directors. However they have held the shares long enough that they can be sold into the market or transferred if they were not officers/directors.
2. GTGP issues 1.7 million common shares to the Fallacaros, a little at a time. Simulataneously (the same day), the Fallacaros sell or transfer the same amount of shares (from the old batch of shares) that they received from GTGP - thereby keeping their ownership of GTGP shares the same at 17,926,475.
3. AT the end of each trading day, the Transfer Agent only sees the net ownership of shares by the Fallacaros, which doesn't change. Net result is that 1.7 MILLION common shares are issued and the restricted shares stay the same, but the Fallacaros have netted the amount from selling/transfering those 1.7 million shares.
Let's take the time to verify this with the SEC filings of GTGP by reviewing their form 4's.
Oops, can't do this because, just like a true scam company, GTGP is not current on its financials or form 3 and form 4 filings with the SEC.
Quote:
--------------------------------------------------------------------------------
GTGP issues 1.7 million new common shares
Pacific Stock Transfer Co.
702-361-3033
Wednesday, September 26, 2012
Common Shares Outstanding
40,478,420 (increase of 1,700,000 from previous 38,778,420)
Restricted Common Shares Outstanding
17,926,475 (no change from before)
--------------------------------------------------------------------------------
Gregg, sorry but
this stock will open in the range of
$0.01 to $0.05
and eventually drop to
$0.0001/share if it doesn't get REVOKED first
sorry, but it is what it is - a scam company suspended by the SEC for adequacy of publicly available information by GTGP
i persoannly don't see GTGP going to a dime, not for anything that means anything, IF EVER
So you want a link to an SEC document that shows GTGP fraud?
sure
no problem
here is a link to an SEC document that shows fraud:
http://www.sec.gov/Archives/edgar/data/1308841/000110801709000365/ex101.htm
It was filed by GTGP with the SEC and is the sublicensing agreement with ANASAZI CAPITAL CORP. It states that GTGP received $1.25 million in cash equivalent when this agreement was signed.
The stock price of GTGP increased by 70% and the trading volume increased by 100 times when the 8K was filed that included this fraudulent agreement.
It turns out that by reviewing the Anasazi Capital Corp. Balance Sheets and Cash Flow Statements filed with the SEC, you can determine that Anasazi never paid the $1.25 million to GTGP, but instead took a note. In fact Anasazi quickly wrote down the value of the sublicensing agreement from its balance sheet as it was deemed worthless since they never sold one penny's worth.
A total fraudulent sham transaction by GTGP with an empty public shell that closed down soon thereafter.
I hope this helps
now
If you would also like to review the links to SEC filings that prove that GTGP filed fraudulent financial statements with the SEC, then that can be done also.
Bart, when you talk about a GTGP press release by Monday, what kind of press release are you talking about?
certainly not about the MSE acquisition, because that has not closed and will never close
certainly not about the 3 week hot run test results at the cement plant, because that was a hoax
certainly not a cement contract, because no one is going to sign a contract for MBS treatement of flue gas at a cement plant since it does not work on a large scale
so what type of press release, considering that the SEC is going to review from now on every word, every number every sentence that scam company GTGP issues publicly?
this stock will open in the $0.01 to $0.05 range on Monday as tens of millions of GTGP shares are going to be attempted to be sold into the market in an attempt to beat the SEC REVOCATION of the GTGP stock.
Bart Van Herck Saturday, September 29, 2012 12:16:51 PM
Re: GREGG THE GREEK post# 65560 Post # of 65648
If he doesnt post a PR by Monday the price wont be 0.50 or 0.70. The price will crash to 0.10 or somthing. Everyone is scared and will be selling if he doesnt post a PR. Me included. If he doesnt post a PR before the trading resumes we are dead..
Maybe he will post a PR on Tuesday.. Maybe you keep waiting but what if he doesnt... You lost all your money on nothing becouse it wil drop and drop..
Im not saying that this will happen, I also beleve that he will post a PR on monday. But if he doesnt... Im out!
GO GTGP!
stevesox, weak hands?
ha!
there going to be tens of millions of GTGP shares thrown into the market attempting to get out of this scam stock at any price before the REVOCATION makes them worthless..
tens of millions
what do you think that this is going to do to the stock price?
stevesox Saturday, September 29, 2012 9:13:11 AM
Re: Common Cents post# 65531 Post # of 65587
IF there is no news and IF some weak hands shake loose, then yes there COULD be some cheapies...maybe .80s or .70s I'd be shocked to see it go lower given all the DD that has not changed. That's a couple bigs IF's though, not something that can really be planned on though for those wanting more shares they just have to be ready...
GLTA...
Bart - with news or without news
GTGP will open in the $0.01 to $0.05 price range on Monday
eventually dropping to $0.0001/share and then REVOCATION
sorry, but that is just the way it is for scam companies that get caught by the SEC for the filing of fraudulent financials and fraudulent documents with the SEC...
the suspension by the SEC was for adequacy of publicly available information, a broad suspension implying that GTGP got caught with substantial fraud....
very simple indeed
Bart Van Herck Saturday, September 29, 2012 9:09:07 AM
Re: Common Cents post# 65531 Post # of 65587
If no news. But no news at all my shares wil be sold at 50 cents...
If there is good news 90 cents
If there is awesome news 1 dollar. Or maybe i hold. But im a bit afraid now so i think not.
Grtz
sctts, so you are going to believe the CEO of a company in a press release about the SEC suspension
a CEO of a scam company
that has filed fraudulent financial statements with the SEC
that has filed fraudulent sublicensing agreements with the SEC
that issued false and misleading press releases regarding a March 2012 3 day hot run test at a cement plant
that issued false and misleading press releases regarding an August 3 week hot run test at a cement plant
that has gotten the stock suspended by the SEC for adequacy of publicly available information - eventually leading to fraud charges by the SEC and REVOCATION
are you sure about this?
sctts Saturday, September 29, 2012 6:47:39 AM
Re: None Post # of 65578
Quote:
--------------------------------------------------------------------------------
I have taken the time over the last two days to confirm with both the SEC in Washington and the SEC Enforcement
Division Miami the reason for the suspension, which I believed was the case. This is what I was told in answer to my
questions. First, there was no Wells notice issued or sent to either me personally, the company or my attorneys. That
would have meant they wanted to receive information from the company unrelated to the financials. Second, it was
verified by them that the statement for the suspension for ten days was for the financial information needed only to
comply with the reporting company regulations stemming from errors made in 2007 and to the present 10Q. When I
asked them if they needed any other support documents or exhibits from the company or anything at all they said all
that is needed is the financial information to be filed on EDGAR.
--------------------------------------------------------------------------------
CEO letter to shareholders says it all. There can be no misstatements in this, as that would constitute fraud.
Case Closed
it was verified by them that the statement for the suspension for ten days was for the financial information needed only to
comply with the reporting company regulations stemming from errors made in 2007 and to the present 10Q. When I
asked them if they needed any other support documents or exhibits from the company or anything at all they said all
that is needed is the financial information to be filed on EDGAR
You will be surprised at how soon that will be, particularly with the involvement of Blech
IT IS NOW 1:12 AM EST SATURDAY, SEPT. 29TH
and just as was predicted:
1. No GTGP 3 week hot run test results from the cement plant announced.
2. No MSE acquisition.
3. No GTGP Cement plant contract announced.
and now yet another prediction:
By the close of trading Monday, Oct. 1st:
1. No GTGP 3 week hot run test results from the cement plant announced.
2. No MSE acquisition.
3. No GTGP Cement plant contract announced.
4. The stock price of scam company GTGP will open in the $0.01-$0.05 range in very heavy volume as current stockholders attempt to sell millions of GTGP shares into the market in a panic sell.
5. Not one new 10k or 10q filed with the SEC by GTGP.
GTGP or bust, there will be no buyout of GTGP at $22/share
there will be no buyout of GTGP at $2.20/share
there will be no buyout of GTGP at $0.22/share
there will be no buyout of GTGP at $0.02/share
in fact
there will be no buyout of GTGP
for no one, but no one, is going to want to purchase a scam company that has filed fraudulent financials and fraudulent documents with the SEC, with no revenues and no income and that has been suspended by the SEC and eventually charged with fraud by the SEC, and possibly the U.S. Attorneys Office.
A hoax cement plant 3 week test run doesn't help either as does a fake $100 million Navy Contract.
regarding the 273,000 short interest position on GTGP stock, most of those 273,000 shares will be covered on the first day of trading compared to tens of millions of shares that will be attempted to be sold into the market.
273,000 buys
versus
10 million sells
WHAT WAY DO YOU THINK THAT THE STOCK PRICE WILL GO?
I would pray for a swift buyout offer right at opening bell on monday morning for 22$ per share. Man, some of them who are short would be bankrupt!!
What a F'ing laugh this would be for me to have them squirming for shares at around 20$ to cover up.
SMDI Daily Tape Painting Summary - 9.28.12
- tape painting print at the ask in red
- block trades at the bid in blue
Time Price Volume Exchange
16:00:48 0.42 145 OBB
15:33:54 0.42 125 OBB
15:33:43 0.365 4675 OBB
14:56:36 0.42 200 OBB
14:56:32 0.38 200 OBB
14:56:32 0.38 200 OBB
14:54:26 0.351 1400 OBB
14:53:59 0.4197 200 OBB
14:53:55 0.39 200 OBB
14:53:54 0.39 200 OBB
14:53:42 0.38 4500 OBB
14:53:42 0.38 4500 OBB
14:52:20 0.38 150 OBB
14:52:20 0.38 150 OBB
14:52:04 0.39 125 OBB
14:52:04 0.39 125 OBB
14:51:59 0.39 125 OBB
14:51:59 0.39 125 OBB
14:51:52 0.371 5500 OBB
14:51:42 0.371 5000 OBB
14:51:41 0.371 5000 OBB
13:52:10 0.41 200 OBB
13:52:02 0.401 1600 OBB
13:52:01 0.401 3530 OBB
12:57:45 0.401 500 OBB
12:56:49 0.401 890 OBB
12:50:32 0.401 125 OBB
11:53:10 0.401 135 OBB
11:50:34 0.3711 5000 OBB
11:50:34 0.3711 515 OBB
09:35:22 0.42 200 OBB
Pre-Market Tape Paint
09:15:54 0.4197 125 OBB
Certainly not from operating cash flow, for SPNG had negative operating cash flow in the millions of dollars. SPNG used cash that was fraudulently obtained by RME, the entity controlled by Moskowitz and Metter, which sold SPNG stock that had the restricted legends removed due to fraudulent legal opinion letters written on stationery of a law firm that never existed and was made up by Moskowitz.
How did Spongtech pay for the acquisition of Dicon and how much?
The relationship with Duncan was pointed out initially as to why EIGH was potentially a scam company
puppy you forgot a very important thing here
red bold added
none of it really matters any longer
The judge will liquidate the company
The SEC will revoke the stock
The DOJ will go to trial
All the crooks will plead out or be convicted
The two main crooks will receive sentences of 20 to 40 years apiece.
in the end .. all share holders will lose 100% of their money
and the insiders/management will be held responsible for the crimes
they commited
Its all over but the crying
Sound familiar?
Let's see what the SEC had to say about GTGP current JV partner Solucorp in a fraud complaint filed with the Courts.
Let's talk about all those GTGP bogus contracts, agreements and relationships claimed in the press releases involving millions upon millions of revenues.
How many of GTGP's JV's and licensing agreements have already expired without GTGP notifying its stockholders and investors?
Now we know why the SEC recently suspended trading of GTGP securities.
http://www.sec.gov/litigation/litreleases/lr16388.htm
The Complaint alleges that in at least ten press releases, several regulatory filings, an annual report and a letter to shareholders, Solucorp's senior management: (1) claimed to have contracts that would generate over $350 million in revenues, when, in fact, the contracts did not exist or were subject to undisclosed material contingencies; ........The Complaint also alleges that Solucorp senior management failed to timely announce the termination or postponement of numerous previously announced material contracts.
sevenodouble, so what do you think that GTGP is going to provide the SEC when the SEC asks for proof of
1. The $100 million Navy Contract? (there was no $100 million Navy Contract)
2. The $3.5 million received from the two empty public shells in the sham sublicensing transactions? (GTGP never received the $3.5 milliion)
3. The March 2012 3 day hot run in the "Cement Plant" PR'ed by GTGP? (Never happened - instead, only occurred at a small scale at the test tube level in the labs of MSE)
4. The relationship with M2 Polymer and all those test results and contracts claimed by GTGP?
5. The JV with EMHI for MBS technology that GTGP claimed was purchased by EMHI. (EMHI never purchased the MBS technology from Solucorp)
6. GTGP claimed close relationship with the EPA and DOE? (there is no close relationship between GTGP and these two government agencies)
LMAO How can the SEC conduct an investigation when they don't ask for documents huh??! Too funny! Now lets say that SEC investigates a Pr, they don't need to be in contact for that with the company because this can found in the Pr section or 8K's or online, but when they need proof to see if a claim made is true than who do you think they turn to huh?! Wow, bravo, you guessed it, the company! The SEC asks, the company provides, the company has a question, and the SEC replies, without telling them the nature of the investigation... To me and every sane logical human being that is called working together, although not to be confused as working together on a regular work floor and cracking casual jokes at the coffee machine... I hope this clears your confusion?!!
Peggy, what has probably happened is that after all this time, and particularly after the SEC suspension, MSE (and its owners MERDI) have probably realized that they are dealing with a scam company in GTGP and will want to stay as far away as possible.
There will be no MSE acquisition by the private company headed by CEO Fallacaro, GTHI, or even by GTGP.
Peggy Friday, September 28, 2012 9:23:24 AM
Re: None Post # of 64892
Something does not make sense here. Despite claims from GTGP that a purchase of MSE is imminent, MSE has not said a word, pro or con.
In the world of penny stocks, that is a sure signal that MSE wants nothing to do with GTGP and is preparing to sue them.
Just what it appears from my view.
Just checked that Butte, Montana newspaper. Not a word since the story that said the buyout of GTGP was delayed indefinitely.
In addition, where is GTGP going to get the resources to make such a purchase. All shares are currently illiquid during the suspension and once the trading starts on grey ... well, when that happens the value of GTGP will surely plummet. MSE knows this and are keeping a wide moat between themselves and GTGP.
I think this is a train wreck in the offing.
SharpEyeNJ, you do understand that the company of the message board that you are now posting on, SPNG, got charged with massive securities fraud by the SEC, don't you?
The SEC found little evidence of naked shorting in SPNG
furthermore, the two officers/directors running SPNG were criminally indicted by the US Attorneys Office, arrested, hancuffed, jailed, let out on $2.0 bail and one is awaiting trial. The other one has already plead guilty and is awaiting sentencing. Each will spend at least 20 years in jail for their frauds.
Now, what is it that you were saying about the evil shorts?
SharpEyeNJ Friday, September 28, 2012 10:44:31 AM
Re: 236T568 post# 339562 Post # of 339563
Ok shorty, that's why you admitted you and others purposely bash stocks to get cheap shares, I have it saved, shorty. Who you tryin to fool?
Hurry up 'moderator', the faster you delete this the more guilty you are.
Because that is what scamsters do
Is he required by law to tell the truth, or can he just make stuff up as he goes along?
Why on this earth would he continue to make things up if that was the reason they suspended in the first place. That would be like threatening the judge that just ordered you to jail for a year....thus pissing him off and adding more to your sentence.
Doesn't make sense to me, but I guess others have no problems with illogical thinking.
SPNG issued 2.0 billion restricted shares, whereby the restrictive legends were removed with the use of fraudulent legal opinion letters directed by Moskowitz and Metter. Those shares were issued to related parties, consultants and promoters
The shares were then sold into the market, bought by unsuspecting dupes.
do the math at $0.05/share to $0.28/share for those 2.0 billion SPNG shares
Can u post a link to court documents that the SEC/DOJ found they sold $100MM illegal shares?like Nike Says just do it!! tia!!!
stevesox, speaking of great "DD", this is part of the wonderful DD that has been put together
How in the world can you conclude that GTGP has a $100 million Naval Contract from the two links that were provided in the "DD"?:
Navy Contract and GTGP:
www.containment.fsu.edu/cd/content/pdf/270.pdf
$100 Million Naval Contract:
investorshub.advfn.com/boards/read_msg.aspx?message_id=76498211
Fortunately, the truth about GTGP is very much as positive as is being discussed along with a ton of great DD. Closing with MSE appears imminent if not already done. Certainly there is hundreds of millions in revenue coming.
Monday is going to be a party for the longs, and ugly for the shorters.
Just the way it's gonna be!
GLTA...GTGP!
wrong yet again
not more than $1.0 in sales during that period as indicated by the SEC, after 1 1/2 years of investigation
$10million in sales between Jly 2009 and 2010...as indicated by auditors Alvarez and Marsal....good enough to get SPNG jump started.