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.
fully agree
GTGP - Honestly - I think that an 8k not being filed is the least of their problems. They are missing years worth of 10Q's and 10K's. Yes they were filing a bunch of other 8k's associated with their press releases for the past year but they seem to suddenly stop even though the steady stream of press releases continued.
I wouldn't get too bogged down on them missing an 8k or delaying it. They obviously have not followed the SEC rules and now they are suspended.
My best guess is whoever is passing along that rumor of a material event is one that wants to be the first out when the stock opens up on the grey market - and he is hoping people won't beat him out the exit door. The suspension is serious. Given the pps - I think there will be many that will lose big bucks. Sad but true.
------------
Grey Market
There are no broker-dealers quoting this security. It is not listed, traded or quoted on any U.S. stock exchange or the OTC Markets. Trades in grey market stocks are reported by broker-dealers to their Self Regulatory Organization (SRO) and the SRO distributes the trade data to market data vendors and financial websites so investors can track price and volume. Since grey market securities are not traded or quoted on an exchange or interdealer quotation system, investor's bids and offers are not collected in a central spot so market transparency is diminished and Best Execution of orders is difficult.
fully agree
The SEC can't simply stop trading when it wants to because they "feel" it's a pump and dump in the making. Imagine if they did that to every stock on the OTC. It would create a logistical nightmare as they need the evidence to prove it. That takes time.
That is the reason it takes as long as it does. They need to get the information without alerting the company, insiders and the investing public. Any alert would cause panic selling and more damage than a suspension.
I completely agree that it's very obvious when a P&D is occurring and would be great to stop it when it's about to start or just starting.
It's just the nature of the political red tape the SEC needs to go through to get their job done. That red tape is there for a reason and can't be ignored.
jcwillis, GTGP is a scam company that hasn't filed GAAP financials with the SEC for 7 years now.
All bets are off when it comes to following SEC regulations by these type of companies
Hey SamSam, Thanks for the Reply Earlier...
I saw the numerous posts, relating to my post, concerning Material Event/Info by yourself, BigB, 236, and BradS.
It makes me ask - Can a company withhold Material Event Info to make the most of the PR. I originally asked about GTGP because many on that hub are implying that Material Event info (acquisition, etc.) was being withheld until trading resumes. If something material happened back on, say Sept 14th, could it be withheld a couple of weeks before release? Since GTGP is not currently trading, would withholding material info until trading resumes be legit to do?
If material info is relayed by the CEO to those who call, I can see that as a problem giving material event info before public release. If the CEO is implying something and people are drawing their own conclusions, then posting on the hub board to further spread the implied info to make hype, well, maybe it is a grey (pun intended) area.
What are your (as well as other's) thoughts?
Thanks again.
hiloeven, the only thing that you can take to the bank is that
the MSE acquisition will not close
there will be no dividend of GTHI to GTGP shareholders
there will be no cement contracts for GTGP
GTGP will open trading on Oct. 1st in the grey sheets
GTGP will never leave the grey sheets unless REVOKED by the SEC
and finally you will will see fraud charges filed by the SEC and US Attorneys Office against GTGP, its officers/directors, consultants, related parties and "promoters" as more and more evidence is being produced that underscores the scam that GTGP is:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79836159
Narnia,
As a long term environmental industry executive with high level executive contacts, I can verify your findings with unquestionable accuracy. The larger industry companies have had serious focus on the GTGP developments for a while now and nothing has changed at this point--you can take that to the bank as the truth.
stevesox, thanks for the info here:
Jim came out very publicly in PR's stating DOE and EPA involvement...statements that would get him shut down extremely quickly if not true. Jim is still very much in business running Global. His only sin is late filings. Boring but true. Only the trading of the stock is temporarily suspended...
umiak, and if GTGP would file audited financials now, the financials themselves would prove that the sublicensing agreement was fraudulent because the GTGP audited financials (Balance Sheet and Sources and Uses of Funds) would fail to show that GTGP received the $1.25 million in cash equivalent from Anasazi.
This is why GTGP will NEVER file audited financials - they would give the US Attorneys Office the evidence to convict the scamsters of fraud.
and if they had filed audited financials all this would have come out. edit, one could read deals were done but no way to follow the money.
here is the first one that I looked it and already we have 2 adequacy suspensions this year
http://www.sec.gov/litigation/suspensions/2012/34-67779.pdf
The Commission temporarily suspended trading in the securities of eHydrogen Solutions, Inc. and ChromoCure, Inc. because of questions concerning the adequacy of publicly available information about eHydrogen Solutions, Inc. and ChromoCure, Inc.
gee, and the other person that looked at 400 couldn't fine one adequacy suspension
funny stuff eh?
gee, 400 of them and no "adequacy" ones eh?
funny thing is that the first one that I looked at included two "adequacy" infractions like GTGP
funny stuff eh?
kfa670 Saturday, September 22, 2012 5:15:32 PM
Re: christer20 post# 62233 Post # of 62264
Oh gotcha. Yeah I've looked through about 400 or so randomly so far and have not found a single one like GTGP. I'm going to pick a starting point and go for it. Whats the number of tickers from 2010 til now? like 1000 something? I have a pretty good search system down that shouldn't take me too long to go through that many
GTGP - Those pesky 15c211 meetings with Market Makers
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79836159
“Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11 under the Exchange Act, at the termination of the trading suspensions, no quotation may be entered unless and until they have strictly complied with all of the provisions of the rule.” Simply put, this means that any broker dealer that wants to help a company get back onto the pink sheets or the bulletin board has to make sure that everything is absolutely proper and correct and their broker’s license is at risk if they don’t.
cino
mosko will be receiving 15 to 25 years
metter will be receiving 25 to 40 years
bilrip, ASHG was not suspended by the SEC like scam company GTGP
good try though
Just playing devils advocate here, ASHG is on greys and is over 100 per share
comments in bold red below
Let me ask everyone a question, a very real and serious question. If MSE is closed, and the hot run results are over 98%, and we get a contract all before october first, what do you think is going to happen.
The MSE acq will not close, but if it closed, it is being acquired by a Private company, GTHI, which is probably 100% owned by Fallacaro and/or related parties, so GTGP will not be able to benefit. The cement plant 3 week hot run was a HOAX, so there will be no contract from them.
IMO I think we WILL hold our position and climb. I can't really say how high but with all these material events do happen, then this will climb. if other grays can trade in the $40 to $100 range then I don't see why we can't.
There are no companies that were suspended and sent to the grey sheets that trade in the $40 to $100 range.
If no material events then yes I will admit defeat, but if we do.... Trading on the grays doesn't stop a company from doing business and doing it well.
If not revoked, this company is staying in the grey sheets and will reach the $0.0001/share stock price in the very near future
Gomez, comments in red below
23t56677
Negative, everyone knows nothing was fraudulent to keep making such claims without anything to back it up is in itself irresponsible .
For starters, the following is a fraudulent sublicensing agreement filed in an 8K by scam company GTGP.
http://www.sec.gov/Archives/edgar/data/1308841/000110801709000365/ex101.htm
The GTGP stock price increased by 70% and the trading volume increased by 100 times when this fraudulent document was filed with the SEC. This is what scam companies do.
Fact again suspended for filings , of which the CEO was waiting for response.
Fact: no Scam as that the CEO did not dilute shares for profit
16 million shares were issued by GTGP between 2007 and 2012. Many of these shares went to related parties and consultants which were then sold into the market that was inflated due to fraudulent activities of GTGP.
Fact again no scam as Jim did meet to finalize deal with MSE as well as local and state officials to boot
Meeting with MSE and local and state officials does not, under any circumstance, imply that you are not a scamster heading a scam company.
Fact: when Jim announces the acquisition, folks will have to admit GTGP is the real deal!
MSE is not being acquired by GTGP. It is being acquired by a private empty shell company, GTHI, ownership of which has not been announced by its CEO Fallacaro.
Enough said!
Ripnrog, see red for comments
Ripnrog Saturday, September 22, 2012 2:03:43 PM
Re: None Post # of 62192
I wonder if "STEVE" has links on how many tried to come back?
100% of all stocks in the grey sheets since Jan. 2010 that tried to come back out of the grey sheets FAILED or were REVOKED.
or if "steve" has links to how many of those were for adequacy only?
100% of all stocks in the grey sheets for adequacy since Jan 2010 FAILED to leave the grey sheets or were REVOKED.
Ripnrog, 100% of all stocks suspended for "adequacy" since Jan 2010 have failed to get out of the grey sheets
Jim does NOT have an investment banking background.
GTGP is a scam as it has been caught filing fraudulent financials and fraudulent sublicensing agreements with the SEC, among other things
Ripnrog Saturday, September 22, 2012 2:01:39 PM
Re: mbumpt post# 62164 Post # of 62192
yes we are and it is simple...
99% of suspended stocks are either abandoned shells or scams... and they just do not even try to come back... that is a fact..
GTGP's suspension is for adequacy only .. all the others suspended were for accuracy... not GTGP Jim with his IB back ground can and will get this fixed... nothing will convince me otherwise...
ha!
this sounds like last week
when you were asking about an SEC link for the suspension of GTGP
then
WHAAAAMMOOOOO
the SEC link appeared showing the scam company GTGP was suspended by the SEC
patience, you will see an SEC and US Attorneys Office link in the near future when the formal fraud charges are filed with the courts..
Ripnrog Saturday, September 22, 2012 1:56:51 PM
Re: None Post # of 62187
still no SEC link showing anything
where is that darn link... GTGP as has been stated is the 1%er...
sctts, you want evidence that GTGP is a scam?
try starting here:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79639789
Um?
Um?
I can't find it,
Failing to file financials is NOT evidence of scam
Is NOT even underwhelming evidence of a scam
Thanks for playing though
Ripnrog, last time I looked, a scam company such as GTGP that files fraudulent financials with the SEC and files fraudulent sublicensing documents with the SEC would be considered a SCAM.
good try though
that is because there is no litigation against GTGP.. The reason that GTGP will trade again above the greys is real simple it isnt a scam never was never will be.. all will see and some will be worried when they see what is coming here
I don't necessarily agree with this
The SEC has to be completely and totally sure that the press release is false and misleading before any suspension is done.
this is correct
any calls to the SEC enforcement division will get the same result:
"We can neither confirm nor deny that the company is being investigated...."
then, one day before you least expect it:
WHAAAAAMOOOOOO!
The SEC files a securities fraud complaint in Federal Court against the company in question, its officers/directors, its consltants, related parties, and in some cases, its promoters
The SEC would NEVER tell you if they were investigating the stock. The person you talked to looked at the suspension notice and told you what it said. You could have just read it yourself even.
buc thanks for the comments
here is a FACT
of the 1,116 companies that have been suspended by the SEC since January 2010, all have gone to the grey sheets
of these 1,116 companies that went to the grey sheets, the following left the grey sheets:
ZERO
buccaneer1961 Saturday, September 22, 2012 12:21:14 PM
Re: Series of Dreams post# 62095 Post # of 62154
your conclusions are all wrong...of course theres ways to get back on track...im not so stupid to think theres any appeals process...and it WONT stay revoked if steps are taken to fix it...
when you say Good ol Jerry, do you mean this one?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79741974
Gomez, a simple reading of this board itself during the last two months would result in most "longs" admitting to swing trading the stock but keeping a core set of shares until they have netted out their original invesment....so, yes, longs have been selling all along
what new technology are you talking about?
the MBS technology has been around for a long time and introduced to the world by Solucorp and other entities years ago.
There will be nothing coming out of China and India, except fluff press releases when all fails in the U.S. - press releases that cannot be verifyed
why?
because that is what scam companies do
look for opening trades the first day of trading in the range of $0.01 to $0.05/share
Gomez326 Saturday, September 22, 2012 2:29:12 AM
Re: 236T568 post# 62070 Post # of 62075
Negative......Longs have not been selling and you cannot provide one lick of proof to state otherwise! I know how many shares our main group of longs hold...and believe me......we have not done a tenth of the volume of what we hold.....so your arguement holds no weight.......
No dilution of shares.....we have called TA to confirm many times.......those are the facts.....they cannot be denied......
Cannot wait for next week......the world will be introduced to a new technology that will save lives.......MSE will have a new owner.......GTGP will save the world, one cement plant at a time to start.......then we hit China and India....yes, we have the exclusive licenses for those countries as well!!!!!!
I am getting goosebumps just thinking about it!
Business is business......Huge sales and Revenue Growth speak volumes........GTGP
seven,
first, the number of companies that were sent to the grey sheets since jan 2010 is 1116, not 471
next, NONE of the 1116 companies have made it out of the grey sheets as of today
so, needless to say, GTGP will NEVER make it out of the grey sheets unless it is by REVOCATION
next, Jim was NEVER an Investment Banker - he was involved in Real Estate
next, there will be no contracts for scam company GTGP, so to say that there will be hundreds of millions of dollars in contracts is just plain silly
good luck though
sevenOdouble Saturday, September 22, 2012 2:28:40 AM
Re: efrky post# 62061 Post # of 62073
GTGP is going to file the financials, so they will be exception!
Those 471 shady companies deserve to be there, but once GTGP is compliant with the SEC & has done their paperwork with FINRA & a MM, they'll be quoted again! Why because GTGP is not a scam like those 471 companies are! But here is another reason why it interesting for a MM to quote them again: CONTRACTS WORTH HUNDREDS OF MILLIONS OF DOLLARS THAT ARE COMING TO GTGP... Here is another reason, Jim was an investment banker so he knows his way around and will find a MM that will quote him again!! With up to date filings, multi-million dollars of revenue, and the right connection it won't be so difficult to be quoted again!! Too bad for all those 471 junk stocks, but GTGP will be the exception, mark this post!!
An update from the Butte blogger:
http://butte-updater.com/
FOR OUR GLOBAL TECHNOLOGIES READERS: The Updater crew has a solid understanding of how troubled Global shareholders are with the recent SEC ruling - we read all your posts. The only information we can provide on that subject is that all along MSE would have been delighted to sell themselves if it could be paid for. But - based on all current information they have - they don't see Global ownership in their future - they see the SEC issues complex and troublesome enough to prevent a sale. Use this for what it's worth to your troubled decisions you have to make in coming days. 9-21-12
the float is about 20 million shares, not the 10 million that you state, unless you are trying to tell us that 10 million shares of the float is owned by insiders and related parties which qualify as restricted shares and have been misclassified.
longs have been selling all along so the first day of trading will not be much different - many will try to get out at any price before they are left with a completely worthless stock
there will be no
MSE Acquistion
or
MSE Report on Hot Run
or
Ashgrove contract
any increase in revenue would be considered signicant when you start from a zero revenue level
Sir, you are correct......big PRs next week will cause folks to want to buy....with a float under 10 Million.......yes under 10 Million.......shares will go fast.......if you watched L2 few weeks back....it moved up very fast because longs have a vast amount of shares.......yes, and I mean a lot....which is one of the biggest reasons that when we dipped before, it was not much, becasue of a lack of shares.......
MSE Acquistion
MSE Report on Hot Run
Ashgrove contract
All equal the perfect storm!!!!!there will be no doubt that GTGP is poised to increase revenue significantly.......EPS of $1.00 on one contract alone.....!!!!!!!!wow....is all I have to say.
So to sum up:
Of the 1116 stocks that have been suspended by the SEC since Jan 2010, the following have made it out of the grey sheets with the use of a market maker:
ZERO
efrky Saturday, September 22, 2012 1:07:34 AM
Re: choifunds post# 62053 Post # of 62067
"As of September 21, 2012: From January 2010 until today there have been a total of 1116 SEC Suspensions where ALL 1116 stocks were reinstated on the Grey Sheets after the ten day SEC Suspension ended.
Of the 1116 SEC Suspended stocks since January 2010 645 Registrations have been revoked.
The remaining 471 stocks are on the Grey Sheets (or still in the ten day SEC Suspension within the last ten days) and not one has made it off the Grey Sheets back to quotation by any Market Maker.
Of the 471 stocks that are on the Grey Sheets most are awaiting revocation on DEFAULT for failure to file Financials, wherein there were no other allegations that would require subsequent SEC Litigation(s).
Stocks that were Suspended for any allegations are awaiting SEC Litigation or are being litigated and those stocks will remain on the Grey Sheets and will NOT be revoked until all SEC Litigation has been adjudicated by an SEC Administrative Law Judge.
For additional research the links below comprise all SEC Actions back to 1995.
SEC Suspensions:
www.sec.gov/litigation/suspensions.shtml
SEC Administrative Proceedings:
http://www.sec.gov/litigation/admin.shtml
SEC Litigations:
http://www.sec.gov/litigation/litreleases.shtml
Administrative Law Judge Orders:
http://www.sec.gov/alj/aljorders.shtml **copy per renee posting.....jim might make grey suspension history here..since 2010 anyway. appears my florida condo purchase has been rudely interrupted.
I assume that these 41 million shares per month that get issued to Isaac Blech are before the 1.3 billion shares that get issued to SMDI upon the conversion of it Preferred Stock ownership in PELE.
Or has the Preffered already been converted and the 25-1 reverse split taken into effect?
GTGP - and update on the MSE acquisition by the Butte blogger person:
http://butte-updater.com/
FOR OUR GLOBAL TECHNOLOGIES READERS: The Updater crew has a solid understanding of how troubled Global shareholders are with the recent SEC ruling - we read all your posts. The only information we can provide on that subject is that all along MSE would have been delighted to sell themselves if it could be paid for. But - based on all current information they have - they don't see Global ownership in their future - they see the SEC issues complex and troublesome enough to prevent a sale. Use this for what it's worth to your troubled decisions you have to make in coming days. 9-21-12
this will be more of a "fast" painful death:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79689419
I wonder how long it will take stockholders to realize that the GTGP CEO will NEVER file the financials with the SEC
you are being too kind
try 2 months
good idea
we will have the person that asked the initial question call the SEC
Brad, I don't necessarily disagree with you. It is BigBake, however, that completely and totally disagrees with you based on what he has posted today.
I am attempting to clarify this issue.
Brad S Friday, September 21, 2012 9:06:17 PM
Re: 236T568 post# 31803 Post # of 31805
the debate is about whether OTC entities ARE REQUIRED OR NOT REQUIRED TO FILE 8KS FOR MATERIAL EVENTS.
And the SEC makes it pretty clear as to what the answer is. If the OTC company has stock registered with the SEC, then they are required to file 8K's. If they do not have any stock registered with the SEC, then they are not required to file.
sam, we are debating an important issue here
by definition a debate involves some type of confrontation
of particular importance is when someone claims that they specifically stated something and I point out the EXACT wording of their statement proving that they DID NOT state what they claimed..
now on the 8-k issue, the debate is not about what OTC entities file or don't file 8K's, the debate is about whether OTC entities ARE REQUIRED OR NOT REQUIRED TO FILE 8KS FOR MATERIAL EVENTS - an issue which is extremely important
Clark
GTGP is a scam
The financials will NEVER be filed with the SEC by GTGP, primarily because Fallacaro has too much to lose based on the information that they would be revealing.
You don't know whether the CEO sold shares into the market because of the lack of filings, you don't know how many of the 16 million GTGP common shares that have been issued since 2007 were issued to entities with ties to the GTGP CEO and/or his wife
but, this is what scam companies do
Clark_Kent88 Friday, September 21, 2012 7:10:13 PM
Re: 236T568 post# 61987 Post # of 62005
99% of those companies were actual Scams, and the CEO's never bothered to file financials or correct the SEC cited wrongdoings. GTGP is not a scam, and has a very active CEO who didn't sell shares on the way up (unlike every scam CEO). He will file. Your argument is unfounded
sam, what are you talking about?
I am trying to clarify something here, as you can see by the post that you are replyng to:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79824564
I am trying to clarify for the readers of this board, EXACTLY whether OTC companies are required to file 8K's for material events?
so BigBake are you implying here, that the 1% of the OTC companies that have an analyst or instutional investor acting on their behalf are REQUIRED to file 8-K's for material events?
Who said "following", what I stated was "acting on behalf of an issuer", and yes 99% of them do not have an analyst or institutional investor acting on their behalf.
BigBake, this is your post that I was responding to. Can you please show me where you stated in this post "acting on behalf of an issuer"?
because I certainly can't find it
BigBake1 Friday, September 21, 2012 6:55:39 PM
Re: 236T568 post# 31773 Post # of 31790
As applied to the OTC it is strictly based upon PRs, there are no analysts or institutional investors involved here, so the only individuals would be insiders. They also can use any regular filing, many in fact disclose their material events in Q's and K's. But here is an excellent snapshot of Reg FD:
www.sec.gov/rules/final/33-7881.htm
--------------------------------------------------------------------------------
Who said "following", what I stated was "acting on behalf of an issuer", and yes 99% of them do not have an analyst or institutional investor acting on their behalf.
Whoaa Nelly!
Are you really stating here that there are no OTC companies that have analysts following them or have institutional investors as stockholders?
BigBake1 Friday, September 21, 2012 6:55:39 PM
Re: 236T568 post# 31773 Post # of 31790
As applied to the OTC it is strictly based upon PRs, there are no analysts or institutional investors involved here, so the only individuals would be insiders. They also can use any regular filing, many in fact disclose their material events in Q's and K's. But here is an excellent snapshot of Reg FD:
www.sec.gov/rules/final/33-7881.htm