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.
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
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
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
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
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.
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
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?
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
--------------------------------------------------------------------------------
Whoaa Nelly!
Are you really stating here that there are no OTC companies that have analysts following them or have institutional investors as stockholders?
Thanks Brad
so the question I have is:
Are there any OTC companies that....
"have securities registered under either the ’33 or ’34 Act"
and the answer is YES
BigBake, listen, I have now asked you 3 times to provide the details of any SEC or other regulations that specifically state that OTC companies are NOT required to file 8-k's for material events
you have flat-out failed to do so
this game is over
have a nice weekend
http://www.legalandcompliance.com/securities-law/over-the-counter-market-compliance
The following “Quick Facts” section answers the majority of the technical questions we receive concerning Over the Counter Market Compliance and Periodic Reporting Requirements;
.
.
.
.
.
......A form 8-K must be filed within four days of the occurrence of certain reportable events such as the entry into a material definitive agreement, the closing or termination of such an agreement, a change in control, change in officers or directors, or a change in a company’s financial condition as previously reported.
I am sorry, but I can't seem to find the details provided by the SEC that specifically state that an OTC company does not have to file an 8K for a material event unless it is a PR.
Am I blind?
can you point it out here in what you provided:
thanks but as I previously asked, would you be kind enough to provide details as to why an OTC company is not required to file an 8K on a material event unless it was PR'ed?
SMDI Daily Tape Painting Summary - 9.19.12
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79731539
SMDI Daily Tape Painting Summary - 9.21.12
- tape painting print at the ask in red
Time Price Volume Exchange
15:54:43 0.43 120 OBB
15:54:27 0.41 5000 OBB
15:54:12 0.41 100 OBB
15:34:39 0.42 110 OBB
15:33:30 0.37 4900 OBB
11:18:45 0.40 110 OBB
11:18:32 0.37 100 OBB
11:18:16 0.37 5000 OBB
10:29:42 0.42 4000 OBB
10:28:46 0.39 5000 OBB
10:28:10 0.42 1000 OBB
09:31:09 0.42 110 OBB
no, no one is kidding here
this stock will head to the $0.0001 price eventually, but most likely will get REVOKED first
don't believe it?
just review the thousands upon thousands of companies that have been suspended by the SEC in the last few years...
thanks BigBake
would you be kind enough to provide the details of this?
for instance, you seem to be saying that if an OTC company signs a $3 billion JV and only has about a $10 million market value or $10 million in Stockholders Equity, it doesn't have to file an 8K because it is an OTC company, even thought the transaction would be considered a material event.
starfire, accounting problem?
the problem was that Moskowitz made up numbers that were fraudulent and put them into the financials statements to make it look like SPNG has an exciting, growing business.
With revenues of less than $1 million he claimed about $40 million, all made up out of thin air.
Very few of the tens of millions of accounts receivable ever existed.
With actual shares outstanding of 1.27 billion, he fraudulently claimed about 627 million in the SEC filings, completely misleading the investment public.
He issued over 2.0 billion of SPNG shares to related parties and consultants and fraudulently removed the restrictive legends (some with the use of law firm that he also made up - never existed) so that they could be fraudulently sold into the market, netting the sellers more than $100 million.
other than that, good read
series of dreams, nothing like a drop from $1.29 to $0.0001 in a stock price to change the mind of how wonderful the CEO of the company is...
narnia, I would like to hear more about this "screaming buy" recommendation that you are making here
thanks
pretty much just about every one
sam, the 4 day rule is for all material events, not just those in press releases.
It just happens that most companies issue press releass for their material events
Companies that are a bit crooked will not issue a press release on a negative material event and wait for after trading hours to file the 8K with the SEC, preferably on a Friday.
the filing of a material event is required to be filed with the SEC within 4 business days from the occurence of the event
in addition, the filing of a 10Q (1 1/2 months) and a 10K (3 months) are also required by the SEC
GTGP has failed to file 28 GAAP 10k's and 10q's over the last 7 years, therefore one can't assume that he is going to follow the rules this time.
Print, Wash, Rinse
Repeat ..............
Print, Wash, Rinse
Repeat ..............
Print, Wash, Rince
Repeat:
http://www.prnewswire.com/news-releases/solucorp-industries-mbs-technology-successfully-remediates-hazardous-activated-carbon-from-major-cement-manufacturer-prepares-to-launch-sales-and-marketing-campaign-to-the-cement-industry-109917314.html
Print, Wash, Rinse
Repeat
Print, Wash, Rinse
Repeat:
http://www.marketwire.com/press-release/global-technologies-group-reports-results-mercury-capture-98-after-first-16-hours-operational-pinksheets-gtgp-1689264.htm
Print, Wash, Rinse
Repeat ..............
Print, Wash, Rinse
Repeat ..............
Rignrog, Jim was gone from the company
because after raising $9.0 million in a private placement, the money was gone in a few months
Zero revenues were generated during the 3 years that they reported to the SEC.
Jim and/or his wife then transferred all of the assets of the private company over to themselves, leaving it completely empty
Jim failed to file any financials past the Nov. 2000 figures
Jim failed to pay the company's state taxes in Delaware for 2000 and 2001
causing the public company to become void by the State of Delaware
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79768365
BUT, HEY, JIM WAS NOT THERE WHEN THEY REVOKED THE STOCK!
sctts, MSE is being acquired by GTHI, which is a private company
GTGP stockholders will not benefit from this acquisition since FINRA will not approve the announced dividends of this company to GTGP stockholders as per this from the SEC/FINRA:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79762482
I hope this helps
oops, forgot to mention: The MSE acquisition will not close by Oct. 1st, or by Dec. 31st, if ever
Regarding the GTGP press release commenting on the SEC suspension of GTGP. Here is a similar response by another company that was suspended by the SEC:
"....the Company’s Chief Financial Officer, stated, “We were surprised to see that the staff of the SEC decided to suspend trading in our shares yesterday. We are cooperating fully with the SEC staff in connection with their investigation and are working diligently with our new auditors to finalize our Annual Report. It is our intention to provide the SEC staff with all requested materials so that they can conclude their investigation as soon as possible.”"
This is pretty upfront, professional response, just like that of GTGP's Fallacaro's response, isn't it?
now
Lets see what happened to this CFO/COO that made those comments in the response press release and the company in question:
He never filed the financials with the SEC. Months later he was arrested by the FBI, jailed, indicted for massive fraud (over $100 million), released on $2.0 million bond. He then pleaded guilty to the fraud charges and is awaiting sentencing, which is expected to be in the range of 20 to 40 years.
Oh, and the company?
Traded down to $0.0001/share in the grey market.
stevesox, so what is your point"
one would expect that every entity that has test results, whether on a small lab scale or large plant scale would release these figures to the outside world....so no one is contesting that statement.
the problem lies in what appears to be that the 3 week august hot run test AT THE CEMENT PLANT by GTGP was ALL A HOAX
jcwillis, because GTGP has failed to file 7 years worth of GAAP financials with the SEC, it is not clear as to who received the 16 million common shares issued by GTGP between 2007 and 2012
For all we know, most went to Fallacaro related entities and later sold into the market. Certainly, there has been enough volume during these 5 years to accomplish this.
Why is this a possibility?
Because this is what scam companies do, particularly those scam companies that fail to file financials with the SEC for years and years.
stevesox, if you want "facts", maybe a call would be warranted to the people over at Ash Grove, both at the cement plant and at headquarters, to give you some "facts" as to whether the ALLEGED GTGP 3-day March 2012 and the GTGP 3-week August 2012 hot run MBS tests at ANY of their cement plant locations ever took place.
yes, these responses would be "facts", wouldn't they?
stevesox, thanks for posting this Letter to Shareholders by GTGP. Look for this press release by GTGP to be inluded in the exhibit section of the formal SEC fraud charge complaint against GTGP, its officers/directors, its consultants, its related entities and its promoters.