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Ripnrog, thanks for asking - so you want a link to an SEC document that shows 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.
and yet another reason why the MSE acquistion will not close
thanks for the info
SMDI Daily Tape Painting Summary - 9.26.12
- tape painting print at the ask in red
- larger trades at the bid in blue
Time Price Volume Exchange
09/26 0.41 110 OBB
09/26 0.39 6200 OBB
09/26 0.42 110 OBB
09/26 0.381 3700 OBB
09/26 0.44 125 OBB
09/26 0.41 110 OBB
09/26 0.385 4890 OBB
Sluppy, yes, monday will be very interesting for SLUP's partner, Global
particularly with the opening stock prices in the range of $0.01 to $0.05 per share as most of the 20 million share float will want to get out of the stock immediately
actually, no
the two Pemex signed letters exhibited by CHMR in PR's are merely an invitation by Pemex for CHMR to send a proposal and an invitation by Pemex for CHMR to visit the fields
however, it appears that both those letters are bogus also.
Clark Kent, you do understand that this is the MO of the SEC, don't you?
They suspend the scam stock for 10 days and really hope for the 10Ks and 10Qs to be filed with the SEC until the company is current.
At that point in time the SEC can use these audited financials as proof that the scam company has committed fraud.
Very simple, and frankly, brilliant on the part of the SEC.
Now
If the scam company doesn't file the financials with the SEC, then the SEC just REVOKES the stock and files the securities fraud complaint against the company, the officers/directors, consultants, related parties and sometimes the promoters.
this might give you some clarification as to why Fallacaro will NOT file the financials with the SEC:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79936810
enjoy
The principles that were driving the stock price of scam company GTGP before the suspension was the pumping and hyping of the stock with the use of fraudulent GTGP press releases and SEC filings.
good answer janice
futhermore, the best way to kill a deal is to issue significant shares into escrow of a company that just got suspended. Those shares will be worth about 5% of the price when they were issued.
In addition, MSE is being acquired by a private company, GTHI. GTGP shareholders believe that they would benefit, but all the benefit would go to GTGP stockholders as of Dec. 24, 2011, so there is no incentive to buy the GTGP stock for potential stockholders.
and finally, this is the reason why even the Dec. 24, 2011 GTGP stockholders, who are expecting to receive a dividend of GTHI stock from GTGP, cannot benefit from the acquisition:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79762482
Clark Kent, response in red
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 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.
jcwillis, scam companies typically stop updating their websites when the SEC or other government agency begins initial inquiries.
In what direction do you think that the stock price of GTGP is going to head on Oct. 1st?
The Short Interest for GTGP for September 14, 2012 was 279,373, or about 1.4% of the 20 million share float, which is considered an extremely low level of short interest.
Assume that all of this short interest is still outstanding as of Oct. 1, 2012 and all of the short interest is going to attempt to cover by buying into the market
now
Conservatively assume that about 1/2 of the 20 million share float, or about 10 millon shares, is going to try to immediately get out of the stock by selling into the market on Oct. 1, 2012
so you now have 279,373 buys and 10.0 million sells into the market
in what direction do you think that the stock price of GTGP is going to head on Oct. 1st?
jcwillis,
Several of the longs are saying that the 279,373 short interest, although only 1.4% of the 20 million float, is substantial
yet
now they are claiming that the 1.7 million newly issued shares, 6 times the size of the short interest, is not too significant
go figure
(I am limited by the number of posts on that board)
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)
narnia, GTGP only has an exclusive license for Solucorp's MBS for soil remediation, which is for the US and a few other countries
For MBS cement plants in the U.S., GTGP has a 50/50 JV with Solucorp.
For MBS energy/power plants, GTGP has nothing, unless you want to count the JV with scam company East Morgan, who never acquired the IP from Solucorp.
I hope this helps
Turns out that the MOU that they claimed that was signed on Aug. 8/9th was only a general invitation to make a proposal, as per the actual letter form Pemex that CHMR made available through a PR recently:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79920099
Here is a great idea:
1. The MSE acquisition is not going to close
2. The results of the hoax hot run cement plant test run will not be announced.
3. There will be no cement contracts.
so....
Lets talk about the possibilities of China and India for GTGP
(note: check my past posted messages - this is exactly what I said people would be discussing once they figured that they got shut out with #'s 1-3 above)
GTGP or bust - let's see if I can understand this:
The Short Interest for GTGP for September 14, 2012 was 279,373, or about 1.4% of the 20 million share float, which is considered an extremely low level of short interest.
Assume that all of this short interest is still outstanding as of Oct. 1, 2012 and all of the short interest is going to attempt to cover by buying into the market
now
Conservatively assume that about 1/2 of the 20 million share float is going to try to immediately get out of the stock by selling into the market on Oct. 1, 2012
so you now have 279,373 buys and 10.0 million sells into the market
in what direction do you think that the stock price of GTGP is going to head on Oct. 1st?
Bobs, excellent question.
The GTGP 50/50 JV agreement with Solucorp for MBS for the cement plant industry has probably expired.....
We don't really know, however, because GTGP, like a true scam company that it is, refuses to reveal the important terms of the agreement, or even the agreement itself.
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=79836159
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
THE PATENTS - THE MBS PROCESS USED BY GTGP FOR CEMENT/ENERGY PLANTS IS OBSOLETE
MBS US Patent 7,407,602
http://www.freepatentsonline.com/20050244319.pdf
Invented by Peter J. Hurley
and
Assigned to Solucorp Industries, Ltd
(Date of Patent Aug. 5, 2008)
(Filing date of Patent: April 29, 2005)
==
SEVERAL YEARS LATER
AN IMPROVED AND MORE ADVANCED MBS PATENT BY THE SAME INVENTOR:
http://www.freepatentsonline.com/7776294.pdf
MBS US Patent 7,776,294
Invented by Peter J. Hurley
and
Assigned to Cylenchar Limited
(Date of Patent Aug. 17, 2010)
(Filing date of Patent: Jan. 29, 2009)
GTGP CEO Fallacaro - Excellence in running his previous public company Falcon
While CEO of Falcon, Fallacaro raised about $9.0 million in cash for Falcon, all of which was gone in a matter of months. Zero revenues came in during the three years that financials were filed with the SEC, up to the Nov. 30, 2000 quarter.
Fallacaro, while CEO of Falcon, then transferred all of Falcon's assets to himself and/or his wife, leaving an empty shell company with no assets, no business, no nothing for the stockholders of the public company.
Then Fallacaro, while CEO of Falcon, failed to file the financials for Falcon for the 2001 and 2002 years with the SEC.
Then Fallacaro, while CEO of Falcon, failed to file annual reports and pay corporate taxes for 2000 and 2001 to the State of Delaware and got Falcon VOIDED as a corporation by the State of Delaware in 2002:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79768365
so after completely and totally destroying Falcon and sucking all the assets out of it and voiding it with the State of Delaware, Fallacaro left the worthless, voided company
Falcon then got REVOKED by the SEC
I hope this helps
How long will it take GTGP to become current on its SEC financial statement filings?
Well, lets see, it takes at least 2-3 weeks per 10Q and 1 to 1 1/2 months per 10K.
Please remember that several people have been claiming that all of these financial statements would be filed by GTGP within a month.
These are the financials that have to be filed by GTGP with the SEC to become current and not get REVOKED:
2006
10Q - 1st qtr
10Q - 2nd qtr
10Q - 3rd qtr
10K - June 30, 2006
2007
10Q - 1st qtr
10Q - 2nd qtr
10Q - 3rd qtr
10K - June 30, 2007
2008
10Q - 1st qtr
10Q - 2nd qtr
10Q - 3rd qtr
10K - June 30, 2008
2009
10Q - 1st qtr
10Q - 2nd qtr
10Q - 3rd qtr
10K - June 30, 2009
2010
10Q - 1st qtr
10Q - 2nd qtr
10Q - 3rd qtr
10K - June 30, 2010
2011
10Q - 1st qtr
10Q - 2nd qtr
10Q - 3rd qtr
10K - June 30, 2011
2012
10Q - 1st qtr
10Q - 2nd qtr
10Q - 3rd qtr
10K - June 30, 2012
Those pesky fraudulent financial statements and documents filed with the SEC by scam company GTGP:
GTGP filed fraudulent financial statements with the SEC:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79509518
and
GTGP filed fraudulent documents with the SEC:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79836159
in order to artificially inflate the stock price and trading volume of GTGP
GTGP issued 16 million shares since 2007 to related parties, consultants and others. Most have been sold into the market. You will see how much was sold into the market at the same time as when the above fraudulent fins and docs were filed with the SEC once the SEC Litigation Release is issued
GTGP - A FUNNY THING HAPPENED ON THE WAY TO THE CEMENT PLANT
Wouldn't it be funny if the alleged GTGP 3 week hot run test at the unamed Cement Plant NEVER OCCURRED and instead another test was being conducted at the MSE plant?
Is this a possibility?
Well, it appears that it has happened before.
In press releases during Oct. 31, 2011, January 9,2012 and February 21, 2012 GTGP lead the investment public to believe that they were preparing to conduct a hot test run at the unamed Cement Plant. In fact in the Feb 2012 press release, GTGP stated:
"We have set aside two weeks in March, when the cement plant begins operation after the winter closure, to start a hot three day run in their system with both the MSE engineers and the engineers present at the plant as the final step for contract negotiations."
HOWEVER, in an April 25, 2012 press release, GTGP revealed the test results and that the test was not a hot 3 day run at the unamed Cement Plant, but instead it was conducted on a very small "test tube" scale at the MSE testing facilities.
SOUND FAMILIAR?
THE FOUR GTGP PRESS RELEASES
October 31, 2011
http://www.marketwire.com/press-release/global-technologies-group-inc-concludes-successful-technical-discussions-implementation-pinksheets-gtgp-1579708.htm
Global Technologies Group, Inc. (PINKSHEETS: GTGP) (Global), its partner company MSE Technology Applications (MSE) and the personnel from the plant have concluded the final technical discussions for the retrofit and implementation of the MBS technology for the removal of mercury from the emissions and for the disposal of the mercury treated wastes.
January 9, 2012
http://www.marketwire.com/press-release/global-technologies-group-inc-status-of-cement-plant-and-share-distribution-pinksheets-gtgp-1604528.htm
Global Technologies Group, Inc. (PINKSHEETS: GTGP) (Global) announces that we are in the final stages of review and our technology sub-contractor is now arranging for a complete walk through of the plant in conjunction with the plant's engineers for pressure measurements, flow systems and insertion point of MBS. We have determined all the measures and needs for retrofitting the plant in order to meet their goals as well as Global's goal of negotiating a contract for that project.
February 21, 2012
http://www.marketwire.com/press-release/global-technologies-group-inc-final-results-of-cement-plant-technical-meetings-pinksheets-gtgp-1622243.htm
Global announces after technical and onsite discussions between MSE Technology Applications engineers and the chemical and operational engineers of the cement plant last week we have all agreed to use the IFS2C process to inject IFS2C directly into the stack gasses for reduction treatment and removal of Mercury. This decision allows Global to use this process, which was successful in the treatment of Mercury in power plants in the past, to make it more efficient to be utilized by all cement plants without any major retrofit to existing plants.
We have set aside two weeks in March, when the cement plant begins operation after the winter closure, to start a hot three day run in their system with both the MSE engineers and the engineers present at the plant as the final step for contract negotiations.
April 25, 2012
http://www.marketwire.com/press-release/global-technologies-group-inc-results-of-cement-plant-mercury-emissions-testing-pinksheets-gtgp-1648645.htm
Global Technologies Group, Inc. (PINKSHEETS: GTGP) presents report dated April 20, 2012 for Mercury emissions testing completed by MSE Technology Applications, Inc.
and the fraudulent CHMR press release regarding Air Liquide
http://www.marketwire.com/press-release/chimera-energy-corp-selects-air-liquide-as-supplier-upcoming-non-hydraulic-extraction-otcbb-chmr-1704260.htm
Chimera Energy Corp Selects Air Liquide as Supplier for Upcoming Non-Hydraulic Extraction Project
HOUSTON, TX--(Marketwire - Sep 21, 2012) - Chimera Energy Corp (OTCBB: CHMR) disclosed today that Company management has selected Air Liquide as its supplier of helium for use in Non-Hydraulic Extraction on Pemex wells in the Chicontepic Basin of Mexico. Articles have circulated recently that report a temporary tightening in the worldwide helium supply. As such, Chimera Energy Corp management acted quickly to identify the supplier for the project in order to eliminate any potential impact.
Air Liquide is a publicly traded company that is headquartered in Paris and listed on the stock market in France. Chimera Energy Corp is acting to request that the French government consider excluding the Company's Non-Hydraulic Extraction from the country's current Shale ban. Air Liquide's U.S. based website may be seen at http://www.us.airliquide.com/
Chimera Energy Corp's Non-Hydraulic Extraction system is an unprecedented technology designed to safely and economically replace hydraulic fracking (AKA fracturing and fracing) without negative environmental impacts. The new process uses no water and also does not use radiation, steam, LPG gel, natural gas or the pumping of anything hot into the well.
Non-Hydraulic Extraction has recently emerged to be asserted as a cheaper and more effective extraction method that does not affect groundwater at all. Chimera Energy Corp is in the process of reengineering this new method for mass production, relicensing and sales. For a description of how Non-Hydraulic Extraction works, please visit www.zerowaterfracking.com
About Chimera Energy Corp.
Chimera Energy Corp is a Texas corporation listed on the OTCBB under the trading symbol CHMR. Chimera Energy Corp (CHMR) acquires, develops, licenses and sells new energy technology and products that are designed to profit from the current domestic shale oil boom.
More information about Chimera Energy Corp may be found at www.ChimeraEnergyUSA.com
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
Contact Information
Media Contact:
Charles Grob
Chimera Energy Corp
832-390-2334
and the fraudulent CHMR press release regarding Air Liquide
http://www.marketwire.com/press-release/chimera-energy-corp-selects-air-liquide-as-supplier-upcoming-non-hydraulic-extraction-otcbb-chmr-1704260.htm
Chimera Energy Corp Selects Air Liquide as Supplier for Upcoming Non-Hydraulic Extraction Project
HOUSTON, TX--(Marketwire - Sep 21, 2012) - Chimera Energy Corp (OTCBB: CHMR) disclosed today that Company management has selected Air Liquide as its supplier of helium for use in Non-Hydraulic Extraction on Pemex wells in the Chicontepic Basin of Mexico. Articles have circulated recently that report a temporary tightening in the worldwide helium supply. As such, Chimera Energy Corp management acted quickly to identify the supplier for the project in order to eliminate any potential impact.
Air Liquide is a publicly traded company that is headquartered in Paris and listed on the stock market in France. Chimera Energy Corp is acting to request that the French government consider excluding the Company's Non-Hydraulic Extraction from the country's current Shale ban. Air Liquide's U.S. based website may be seen at http://www.us.airliquide.com/
Chimera Energy Corp's Non-Hydraulic Extraction system is an unprecedented technology designed to safely and economically replace hydraulic fracking (AKA fracturing and fracing) without negative environmental impacts. The new process uses no water and also does not use radiation, steam, LPG gel, natural gas or the pumping of anything hot into the well.
Non-Hydraulic Extraction has recently emerged to be asserted as a cheaper and more effective extraction method that does not affect groundwater at all. Chimera Energy Corp is in the process of reengineering this new method for mass production, relicensing and sales. For a description of how Non-Hydraulic Extraction works, please visit www.zerowaterfracking.com
About Chimera Energy Corp.
Chimera Energy Corp is a Texas corporation listed on the OTCBB under the trading symbol CHMR. Chimera Energy Corp (CHMR) acquires, develops, licenses and sells new energy technology and products that are designed to profit from the current domestic shale oil boom.
More information about Chimera Energy Corp may be found at www.ChimeraEnergyUSA.com
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
Contact Information
Media Contact:
Charles Grob
Chimera Energy Corp
832-390-2334
CHMR - "Air Liquide has no business relationship or affiliation with Chimera or its principal, Charles Grob. Chimera's press release was issued without the knowledge or consent of Air Liquide".
BusinessWire, GlobeNewswire and PR Newswire News
Chimera Energy Corp CHMR:OTCBB - OTCQB
Statement Regarding Chimera Energy Corp.
BusinessWire
7:35 PM ET
On Friday, September 21st, a press release was issued by Chimera Energy Corp. (CHMR) stating that Air Liquide has been selected as its supplier for an upcoming project in Mexico.
Air Liquide has no business relationship or affiliation with Chimera or its principal, Charles Grob. Chimera's press release was issued without the knowledge or consent of Air Liquide.
SOURCE: Air Liquide
Air Liquide U.S. Corporate Communications Michael Rosen, + 1 713-624-8594
"Air Liquide has no business relationship or affiliation with Chimera or its principal, Charles Grob. Chimera's press release was issued without the knowledge or consent of Air Liquide".
BusinessWire, GlobeNewswire and PR Newswire News
Chimera Energy Corp CHMR:OTCBB - OTCQB
Statement Regarding Chimera Energy Corp.
BusinessWire
7:35 PM ET
On Friday, September 21st, a press release was issued by Chimera Energy Corp. (CHMR) stating that Air Liquide has been selected as its supplier for an upcoming project in Mexico.
Air Liquide has no business relationship or affiliation with Chimera or its principal, Charles Grob. Chimera's press release was issued without the knowledge or consent of Air Liquide.
SOURCE: Air Liquide
Air Liquide U.S. Corporate Communications Michael Rosen, + 1 713-624-8594
jude, thanks for the info
just so happens, that the next day from your comment below, today, there was just about the same $13,000 worth of trading, but only SELLING this time:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79927569
how about that?
wash, dry, Print, repeat
wash, dry, Print, repeat
wash, dry, Print, repeat
etc
etc
etc
SMDI attorney David L. Ficksman
SMDI's Corporate Headquarters is at
http://www.sec.gov/Archives/edgar/data/1053691/000101968712003252/smdi_10qa-063012.htm
1800 Century Park East, 6th Floor
Los Angeles California 90067
(Address of principal executive offices)
next door to
TroyGould
1801 Century Park East, Suite 1600
Los Angeles, CA 90067
http://www.troygould.com/
TroyGould are the attorneys for SMDI and its subsidiary ProElite
David L. Ficksman of TroyGould is the attorney involved with SMDI and ProElite:
http://www.troygould.com/index.cfm?fuseaction=people.personDetail&id=10541
read the full investigative story on Barron's involving David L. Ficksman:
http://www.siliconinvestor.com/readreplies.aspx?msgid=24640736
"The securities lawyer on many Hunter deals is a partner at the Los Angeles firm TroyGould, by the name of David L. Ficksman"
more, much more on this later
BBseller, what is amazing is that it is not a tape paint once in a while ever few days or weeks....
It is a tape paint after every single trade at the bid, every single day, for weeks and weeks and weeks now.
This will absolutely get the attention of the SEC...
SMDI Daily Tape Painting Summary - 9.25.12
- tape painting print at the ask in red
Time Price Volume Exchange
14:45:10 0.42 110 OBB
14:43:46 0.385 3600 OBB
10:51:25 0.42 110 OBB
10:50:34 0.385 5000 OBB
09:45:25 0.44 115 OBB
09:41:43 0.42 110 OBB
09:37:17 0.381 4000 OBB
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=79836159
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
Why GTGP stockholders will not receive a dividend of GTHI shares
http://www.securitieslawyer101.com/finra-rule-6490-more-delays-for-issuers-effecting-material-corporate-changes/
FINRA Rule 6490
FINRA Rule, 6490, recently enacted in September 2010, requires issuers of equities and debt securities not listed on exchanges to provide timely notice to FINRA of certain corporate actions. These corporate actions include name changes, forward stock splits, reverse stock splits, distributions of cash or securities such as dividends, stock splits and other actions, and rights and subscription offerings. The new rule codifies rule 10b-17 of the Securities Exchange Act.
The new rule will impact both SEC reporting and non-reporting issuers if they enact corporate changes including issuers who go public direct and conduct underwritten or direct public offerings and those who pursue reverse mergers with public shells. Complying with this criteria is often an unexpected legal and compliance cost for many issuers and a challenge to SEC attorneys not familiar with FINRA procedures. Failure to comply with these rules could lead to suspension of electronic trading with Depository Trust Company (“DTC”), global locks or DTC chills.
Finra Review
Rule 6490 requires issuers to complete and file a document with FINRA at least 10 business days prior to the record date of the corporate action. FINRA approval must be received prior to the corporate action becoming effective. In addition, FINRA may request additional documents, conduct detailed and selective reviews of the issuer submissions and cause the issuer to delay the announcement of its corporate action.
_________________
A FINRA review will be triggered if any of the five factors set forth in Rule 6490 are thought to be present:
•FINRA believes the forms are incomplete, inaccurate or filed without the appropriate corporate authority;
•The issuer is not current in its reporting obligations with the Securities and Exchange Commission;
•Persons involved in or related to the corporate action are the subject of pending or settled regulatory action or are under investigation by a regulatory body or are the subject of a pending criminal action related to fraud or securities law violations;
•Persons related to the corporate action are likely involved in fraudulent activities involving securities or may pose a threat to investors;
•There is significant uncertainty in the settlement and clearance process for the issuer’s securities.
Paul, based on history at Falcon and other info, why aren't stockholders of GTGP asking whether Fallacaro and/or his wife have already transferred all of the assets out of GTGP and into a related entity controlled by the Fallacaros, including all the JV agreements and all the exclusive licenses?
certainly if GTGP is toast, which it is, why wouldn't a rational individual do as such?
Ripnrog, wrong yet again
While CEO of Falcon, Fallacaro raised about $9.0 million in cash, all of which was gone in a matter of months. Zero revenues came in during the three years that financials were filed with the SEC, up to the Nov. 30, 2000 quarter.
Fallacaro, while CEO of Falcon, then transferred all of Falcon's assets to himself and/or his wife, leaving an empty shell company with no assets, no business, no nothing for the stockholders of the public company.
Then Fallacaro, while CEO of Falcon, failed to file the financials for Falcon for the 2001 and 2002 years with the SEC.
Then Fallacaro, while CEO of Falcon, failed to file annual reports and pay corporate taxes for 2000 and 2001 to the State of Delaware and got Falcon VOIDED as a corporation by the State of Delaware in 2002:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79768365
so after completely and totally destroying Falcon and sucking all the assets out of it and voiding it with the State of Delaware, Fallacaro left the worthless, voided company
Falcon then got REVOKED by the SEC
I hope this helps
Clark Kent, response in red
Clark Kent, I never really understood this:
"....those (imo) who seek to drive the price down and tip off the SEC to grab cheap shares..."
Remind us again why anyone, under any circumstance, would want to buy shares in a scam company that was just suspended by the SEC and sent to the grey sheets, knowing full well that at any moment it will get REVOKED by the SEC?
sctts, so you are thanking this poster for "some real facts", yet the poster starts off with "It's my opinion that...."?
yep