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seven, you have posted a paragraph from a press release issued by GTGP which has a false and misleading heading and which GTGP failed to include the false and misleading heading when the press release was added to the GTGP website.
In fact, even YOU have failed to include the heading
here is the heading
Global Technologies Group Contacted by Department of Energy
and here is full press release
http://finance.yahoo.com/news/global-technologies-group-contacted-department-181900500.html
seven, GTGP only has the exclusive license for MBS SOIL REMEDIATION
that is it
It has a 50/50 Joint venture with Solucorp for MBS for cement plants
GTGP has NOTHING for power/energy plants as Solucorp sold the worldwide exclusive rights for 10 + 5 years to a third party
The EPA and DOE was not on site for the final hot run test
good try though
vulpes, G hasn't filed GAAP financials with the SEC for 7 years now
don't expect that to happen any time soon
narnia, yet SLUP is a 50/50 Joint Venture partner with Global in the MBS cement plant business.
What does this say about Global?
EMHI made false and misleading statements regarding its purchase of the IP property of Solucorp and/or filed false and misleading financials with the SEC and OTC Markets..
details to follow on this matter
buc, yes, Jim ran a public company previously
and what was the result?
1. raised about $9.0 million, which was gone in a few months
2. resulted in ZERO revenues, except for interest earned on the cash
3. the assets were transferred to officers/directors
4. was REVOKED by the SEC
yes, very successful indeed
buc, who says that he had not done this already?
would you like for me to review how this can be done from right under your nose?
nellie, the MSE acquisition is not closing any time soon, if ever
in addition GTGP has too many problems in the closet that accumulated during those 7 years of non-filing that doesn't want to be made public, hence the desire to close the MSE acquistion with the private company and then take them public.
GTGP submitted the 2007 10K and 10Q, but it was not a revised version, it was the same false and misleading version that needed Materal adjustments and was declared by the auditors as not to be relied upon.
you have plenty of worries as any day now the securities of GTGP will be REVOKED by the SEC for failure to file financials for 7 years now..
janice, the amended 2007 10K filed by GTGP in Sept 2011 was the EXACT copy of the 10K filed in 2007.
I believe this was done on purpose because the SEC has an automated check on 10K and 10Q filings for revocation purposes and this probably went right through them
my guess is that the SEC now knows fully well that it has been 7 years since GAAP financials have been filed by GTGP and has probably started the process of REVOCATION.
Mustang Guy, excellent post
this follows the details of those 2007 financials that were filed with the SEC by GTGP in Sept. 2011:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79509518
As you can see, GTGP, after being told by the auditors that the 2007 financials couldn't be relied upon and needed MATERIAL adjustments, refiled the EXACT same financials in 2011. They did not file restated financials.
Paul Wall, the acquistion of MSE
will NOT close soon, if ever
not by Sept. 14th
not by Sept 30th
not by Dec. 31st
lucky fully agree on the suspension/revocation of GTGP
it could be tomorrow
next week
next month
or
next quarter
but it will happen, only a matter of time
Toom, the acquisition of MSE
will not close tomorrow, Sept.14th
it will not close by Sept. 30th
it will not close by Oct. 30th
it probably will never close
good luck there
bassbones, you missed a couple for now (another couple dozen will be added during this coming week)
1: CEO has no background in the industry or technology = Bad
2: GTGP run out of CEO's house = Bad
3: No SEC filings for many years = Very Bad
4: MSE is going bankrupt on its own = Bad
5: Nobody else is interested in buying MSE = Bad
6: Another entity controlled by the CEO is actually trying to buy MSE, not GTGP = Very bad.
7: No indication of any funds or raising of funds to complete the transation = Bad
8: Closing continues to miss deadlines = Bad
9: GTGP filed false and misleading financial statements with the SEC. = extremely Bad.
10: The inventor of the MBS technology has now patented a new, more advanced version and assigned it to another party. = Very Bad
11: The 10-15 year World wide exclusive liccense for MBS technology assigned to Solucorp in the area of Power/energy plants was sold by Solucorp to a third party for $2.0 million in 2008, which was fully paid. = Bad
12. The divdend of the private company to GTGP stockholders announced late last year will not be allowed by FINRA due to lack of currently filed financials by GTGP. = Bad
HavnPhun please come back an tell us the same
on the day that the SEC REVOKES the GTGP stock
and you are stuck with thousands of worthless shares
should be soon, probably days or weeks away
good luck there
jcwillis, yes, GTGP is an SEC registered company that can have its securities REVOKED for failure to file financials with the SEC.
GTGP is now 7 years late in filing these financials, this would be considered EXTREME by any measure.
It is important to note, however, that the filing of 8-K's, particularly 8-K's that do nothing but copy the press releases of the company, do nothing to change the mind of the SEC people involved in deciding to REVOKE the registration. It is the filing of 10K's and 10Q's that matter here
otherwise, excellent post
Renee, thanks for the info on SEC REVOCATIONS
quick question, for the companies that got REVOKED for failure to file financials, what do you think is the average number of years that financials were not filed?
2 to 3 years?
PapaBear, come back to us in the very near future
when you hold completely worthless GTGP stock because the SEC has REVOKED the registration of GTGP securities for failure to file current GAAP financials with the SEC for 7 years.
good luch there buddy
opt, the newly filed patent for the more improved, advanced MBS for energy/cement plants was assigned to another entity. It has nothing to do with Solucorp and certainly nothing to do with GTGP.
Now why in the world would any large corporation use the Solucorp MBS product (the product claimed by GTGP that it is using in a 50/50 JV with Solucorp) when there is a much better, more advanced product out in the market?
theslybat, are you talking about the public company in which the CEO raised about $9.0 million in cash, which was gone within 8 months from the bank accounts of the public company?
Then the assets of the public company were assigned to the CEO and/or other Directors and officers.
Leaving the public stockholders of the company completely dry?
that company?
ok thanks
sctts,so when you say that you don't care that GTGP has failed to file GAAP financials with the SEC for 7 years now,
do you also not care when the GTGP stock that you own becomes completely and totally worthless once the SEC REVOKES the registration of GTGP securities for failure to file current financials with the SEC?
ok, I see
Rainmaker, thanks for the post
here is a little more on the MBS techonology, as a newer, more advanced MBS has been patented for use with cement/power plants:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79524808
himotephe, when you say "when this is done"
are your referring to
1. When the SEC REVOKES the registration of GTGP's securities
or
2. When the stock price of GTGP flatlines to below one cent?
HavnPhun, what SEC are you talking about here?
the same SEC that recently REVOKED another public company controlled by the GTGP CEO?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70195491
That SEC?
ok, thanks, good to know
HavnPhun, sure no problem
your post
choifunds, actually based on the fact that it has now been 7 years that GTGP has failed to file GAAP financials with the SEC, the likelihood of the SEC REVOKING the GTGP registration of all of its securities so that the common stock will not trade IS VERY HIGH, and increasing by the day.
Tell us, has the CEO of GTGP ever had a public company which he headed get their securities REVOKED for failure to file financial statements with the SEC?
jcwillis, thanks for the comments
there is much much more info coming
keep your eyes peeled
what stockholders of GTGP have to realize here is that at any point in time and without warning
WHAM - the SEC can revoke the registration of GTGP for failure to file 10K's and 10Q's - it has been 7 years now with a GTGP GAAP 10K and 10Q filed.
Ripnrog, thanks for the part paragraph that you posted
did it come from a GTGP press release?
why did you again fail to post the full press release, including the date of the press release?
Is it because in the other part of the press release, GTGP was again caught making a false and misleading statement?
the link to the press release and the text is posted below
take a look at the bold underlined showing the false and misleading statement made by GTGP
seven, sorry but having 98% of this board wishing that the EPA and DOE Benchmark for MBS is coming does not mean that it will happen
good try though
opt, the inventor the the Solucorp MBS technology has patented an new, more advanced, MBS technology for cement/power plants recently
I hope this helps
stevesox, sorry but the DOE and EPA will NOT designate the GTGP MBS technology as Industrial Benchmark.
It certainly is fun to dream about this though, isn't it?
mbumpt, actually there is a good possibility that the acquisition of MSE will NOT get done by December 31, 2012, if ever
good luck though
himotephe, nope
GTGP failed to post the heading on its website because the heading was false and misleading
seven, you seemed to have missed this post:
http://investorshub.advfn.com/boards/read_msgs.aspx?board_id=13159&NextStart=56923&BatchSize=10
seven, sorry but the DOE and EPA will NOT designate the Solucorp/GTGP MBS technology as Industrial Benchmark
keep wishing though!
theslybat, sorry but the MSE acquisition will NOT close tomorrow, Sept. 14th
In fact, it will not close by the next week either
but keep hoping!
GTGP - Did this company issue a press release with a false and misleading title?
sometimes it is what is NOT included in a company website that is important
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79526358
Ripnrog, thanks for posting the June 26, 2012 GTGP press release
here is the link that you posted:
There will be NO benchmarks issued by the EPA/DOE for any of the GTGP products
Gomez, huh?