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ha!
good point
2 weeks?
ha!
try at least two years:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79550932
GTGP issues Press Release on SEC suspension
http://ih.advfn.com/p.php?pid=nmona&article=54218571&symbol=GTGP
jwblue74, excellent question
these are the financials that have to be completed and filed by the GTGP accountants/auditors, 28 10qs and 10ks in all:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79550932
the 10q's and 10k's can't be completed all at once since they the latest one depends on the previous one which depends on the previous one, etc etc..
take some time to see how long GTGP took to complete its 10Q's and 10k's when it was filing with the SEC:
You are talking at least 2 years....
just for the filings and not for the MM or FINRA approval part
How long will it take to get all the Financials submitted and approved by the SEC and approval from a MM for quotation on the OTC?
Quote:
--------------------------------------------------------------------------------
Finally, during the suspension which is 10 days, we will be dealing with the financials and once they are submitted we will submit to the broker dealers the entire package for their review for quotation and to file a 15c211 and will await their response. By: James Fallacaro, President.
--------------------------------------------------------------------------------
choifunds, what technology?
GTGP has licensed the MBS technology from Solucorp for SOIL REMEDIATION
GTGP has a 50/50 JV with Solucorp for MBS cement plants
that is it!
nothing else in the MBS arena
Then you have considerably no idea about the technology, the mandate, or recent business developments, as this clearly is the case...
choifunds, ok thanks
yet after two years of having presented the business plan to these entities
nothing has closed with the investment banks
nothing has closed with Montana officials
nothing has closed with the cement plants
and
nothing has closed with the DOE
good try though
Absolutely, just like how Jim presented his business plan to the Investment Bankers, to the state officials and politicians of Montana, and the technology to these Cement Plants and the Department of Energy...
choifunds, GTGP has NO fundamentals for it has not filed with the SEC the audited financials that show the fundamentals such as revenues, expenses and profits for 7 years now
In fact, Fallacaros Falcon Entertainment was shown by Falcon in its SEC filings to have ZERO revenues for the 3 years that it filed, even after raising $9 million in cash. GTGP has shown in its SEC filings for 2004 to 2007 to have very little revenue...
so stop with this nonsense about fundamentals
there will be no multi-billion $ valuation for GTGP
there will be no billion $ valuation for GTGP
there will be no hundred million $ valuation for GTGP
there will be no 10 milion $ valuation for GTGP
at the end of the day, GTGP stockholders will be lucky with a 1 million $ valuation
Yeah your rhetoric of the financials has nothing to do with fundamentals or research in GTGP... Watch we make waves in the media and industry to become a multi-billion $ company...
choifunds, wrong yet again -
It will take at least 2 years and $800,000 in accounting/audit fees to complete and file 28 10Q's and 10K's with the SEC
then a market maker has to file the 15c211 - this will never happen
then FINRA will have to approve the 15c211 - this will never happen
then there is the single most important thing:
Fallacaro will not want to file with the SEC the additional information that is included in the 10K's and 10Q's, such as who received what shares (going from 22 million O/S to 38 mililon O/S), how much debt has been issued, what the revenues of the business has been for the last 7 years, the amount of money that has been spent for promotional activities, lawsuits against the company and Fallacaro, the details of the joint venture and licensing agreements, etc etc
If there's any Ceo that can takes us back to the Promise Land, it's James Fallacaro... Very stand up guy, and takes full responsibility for his actions, and action is what he will take by filing a 15c211 form to present his case to a market maker to resume back to normal trading... It's happening folks...
choifunds, actually it is the opposite of what you claim here
FINRA has denied GTGP the issuance of the dividends of the private company GTHI to GTGP shareholders.
This very specifically is the reason why GTGP has failed to issue those dividends to stockholders of record, particularly because GTGP stated publicly that the dividends would be issued BEFORE the MSE acquisition.
GTGP Dec. 13, 2011 Press Release
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.
"We feel that it is in the best interest of our shareholders to issue the dividend in advance of any pending acquisition and to let them know the structure of the distribution," stated James Fallacaro, President. "
GTGP January 9, 2012 Press Release
"Global has now received the NOBO/OBO 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."
choifunds Tuesday, September 18, 2012 7:27:53 PM
Re: None Post # of 60228
Good thing is...
Quote:
--------------------------------------------------------------------------------
Global has now received the NOBO/OBO 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 have requested and received an additional NOBO/OBO and transfer agent report for Friday the 30th of December to make sure those shareholders that purchased by close of business on the 23rd will be counted for the share distribution in the event the NOBO list does not show the holders who have purchased by the 23rd. We now have the Transfer agent preparing the mailings and the appropriate forms for share distribution. For each share of Global held as of the record date, shareholders will receive one share of Global Technology Holdings, Inc., a company that was formed specifically for the purpose of acquisitions.
--------------------------------------------------------------------------------
It seems like finra has already approved the record date for the shareholders in the spinoff/dividends shares... Nothing has changed there...
clark kent, in response to your post, you might want to take a look at the link below
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79689419
While I must admit, the upcoming weeks and months look bleak, GTGP still has the potential to become the company we all knew it could be as a result of much DD. The fundamentals of the company are still there. Those of us who took the time to research know it is not a scam, and they still own rights to MBS. It's now a longshot...but not anywhere near impossible.
For those of you keeping count on the MSE acquisition
The MSE acquisition was not closed on Aug. 15th
it was not closed on Sept. 1st
it was not closed on Sept. 14th
it was not closed on Monday, Sept. 17th
it will not close on Sept. 30th, Oct. 31st or Dec. 31st, if ever
beefeater, you have sold stock of CHMR into the market at current prices. The pretty much tells us what the maximum price that you think this company is worth...
thanks for the info
As I said, I'm out of this for now, but to clarify, I don't think you and the other fanatical bashers of this stock are shorts at all. Also, as I said, I'm out at a PROFIT, so I HAVE no "woes". I'll post again when I take a position. Until then, have a nice life...
Yes, Sluppy, the three companies are joined at the hip
never understood why Global stockholders would bash two companies in which Global has claimed that it has License and JV agreements with, never understood.
the EMHI/Global agreement will not be consummated, as EMHI has been caught filing false and misleading documents and/or financial statements with the SEC because of the previous attempt to do this.
Look for some trouble for EMHI from the SEC now that Global got caught with their hands in their mouth.
that said, if Solucorp's MBS energy plant IP is acquired by EMHI, Global's problems will have no effect on EMHI since Global has never had a license in this area from Solucorp.
Regarding EMHI's JV with Global in this MBS area, we don't know what it is since none of these companies have made it public.
but, not surprising, since this is what scam companies do...
SLUPPY Tuesday, September 18, 2012 6:24:16 PM
Re: 236T568 post# 148 Post # of 149
236T568; have followed your post for the past several days. You, as I had been, were accused of bashing GTG*.
I have never attempted to bash GTG*; meerly stating facts as to how the three companies, GTG*/EMH*/& SLUP related to each other.
That said, I've been put in "time out" for only stating facts as I see them.
I still belive that the SLUP/EMH* contract will be consumated. Question for you though, should this contract be consumated, where does that leave SLUP and EMH* since GTG* has been suspended?
Will EMH* cancel their JV with GTG* and work with SLUP directly?
Thoughts appreciated.
SLUPPY
Paul Wall, truly excellent post
GTGP stockholders should read this post of yours several times and take some time to think as to why the CEO might not make a public response to the suspension.
Paul Wall Tuesday, September 18, 2012 5:55:45 PM
Re: GREGG THE GREEK post# 60169 Post # of 60186
I just think people fail to grasp the realness of the situation at hand. The feds don't mess around. There is no good relationship with them. They are not to be messed with and now you see why.
I doubt you will see your PR at this point. Jim is better off staying silent and just talking with his attorney. No need to give the feds more ammo.
stevesox, I am sorry, but
transfer what to GTHI?
the assets of GTGP?
what assets?
if there are any, they belong to Fallacaro and/or his wife, based on the convertible note that they own which is secured by all the assets of GTGP
you know which convertible note, don't you?
the $1.5 million convertible note that the Fallacaros received from GTGP for exchnging worthless assets that were later written down by GTGP auditors since they had no value.
so how in the world do you think that GTGP stockholders are going to benefit from a transfer of assets out of GTGP?
Please remember that there can be no dividend from GTGP to GTGP stockholders since this has to be approved by FINRA, and you need to at least be current on your financials filed with the SEC for this to happen, at the minimum.
so, again, tell us how GTGP stockholders are going to benefit?
I doubt it will get that far. They will either deal and get the SEC happy again, or just transfer it all to GTHI. There are options on the table...
CHMR - A COMPARISON OF AMATEUR V. PROFESSIONAL LICENSE AGREEMENTS
The amateur 2 page License Agreement for CHMR:
http://www.sec.gov/Archives/edgar/data/1532796/000121478212000052/ex10-01.htm
and now
The Professional License Agreements from Real Public Companies:
http://www.sec.gov/Archives/edgar/data/1200375/000119312510076663/dex104a.htm
and
http://www.sec.gov/Archives/edgar/data/1200375/000119312510076663/dex105.htm
and
http://www.sec.gov/Archives/edgar/data/1200375/000119312510076663/dex106.htm
CHMR - A COMPARISON OF AMATEUR V. PROFESSIONAL LICENSE AGREEMENTS
The amateur 2 page License Agreement for CHMR:
http://www.sec.gov/Archives/edgar/data/1532796/000121478212000052/ex10-01.htm
and now
The Professional License Agreements from Real Public Companies:
http://www.sec.gov/Archives/edgar/data/1200375/000119312510076663/dex104a.htm
and
http://www.sec.gov/Archives/edgar/data/1200375/000119312510076663/dex105.htm
and
http://www.sec.gov/Archives/edgar/data/1200375/000119312510076663/dex106.htm
honeybadger, I agree with you fully
except
it is $5,000/month for the technology not a one time $5,000 payment to the Chinese company
still very low for what is claimed here by this scam company
SOCOM, you DO understand that the SEC only gives out "temporary" suspensions, by law, don't you?
and you DO understand the those "temporary" suspensions, by law, are EXACTLY for 10 days, don't you?
SOCOM Tuesday, September 18, 2012 4:06:27 PM
Re: janice shell post# 60096 Post # of 60115
It is the same scenerio. All stocks have to have a broker/dealer backing them to be quoted on the OTC. You should not paint this as a negative. The OTC is not an exchange, and the company has a TEMPORARY SUSPENSION, not a suspension. There is a difference. Like I said before. it doesn't matter how many times someone says it, it doesn't make it so. I would urge everyone to do their own research, because the info being spread by some is tainted.
SOCOM
jwblue74, GTGP will open up in the $0.01 to $0.05 range
dropping to below $0.01 within a month or two
and eventually flat-lining to the $0.0001 to $0.001 price range
depending on when the SEC securities fraud charges are filed
Any idea what the PPS will be when this starts trading again on the Grey Sheets?
IS GTGP A SCAM?
Some reading that might point out a few things:
The Filing of False and Misleading Financial Statements with the SEC by Global Technologies Group, Inc. (GTGP)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79509518
GTGP - sublicenses to Anasazi Capital Corp and Sadhana Equity Investment, Inc.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79639789
GTGP - The bogus $1.5 million in assets
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79686201
IS GTGP A SCAM?
Some reading that might point out a few things:
The Filing of False and Misleading Financial Statements with the SEC by Global Technologies Group, Inc. (GTGP)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79509518
GTGP - sublicenses to Anasazi Capital Corp and Sadhana Equity Investment, Inc.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79639789
GTGP - The bogus $1.5 million in assets
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79686201
gixxer, when you say "paperwork", you do understand that it is 28 10q's and 10k's that have to be filed with the SEC at the cost of about $800,000 and 2 years worth of work by the accountants, don't you?
then you have to have a market maker file a 15c211, which won't happen
then you have to have FINRA approve the 15c211, which won't happen
good luck though
gixxer11 Tuesday, September 18, 2012 1:54:10 PM
Re: dollarpunch post# 248 Post # of 252
Positive yes - if it was really a scam why would he answer the phone ? Or better yet be willing to talk to me or 30 mins :)
Granted its going to be a long road but all looks well once the paperwork is fixed - the truck yes I was furious yesterday - but than I calmed down and thought about it all.
Say what you will - but I'm hanging on for the long haul
GTHI - will come into play soon IMO
Anvil, excellent info
however
the GTGP suspension is not necessarily a suspension for revocation
there could be more at issue here
ha!
caught the make/receive typo
been correct now
GTGP - The bogus $1.5 million in assets
or
How to receive a $1.5 million convertible note without really trying
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79620752
note, previous post corrected
SOCOM, that is because Fallacaro, his wife and fellow officers/directors/consultants spent the $9.0 million that was raised in only a matter of months, then sucked out the assets out of the public company, leaving public stockholders with nothing. All this with ZERO revenues from operations for the 3 years that they reported financials to the SEC.
He was not the CEO of that company at the time of suspension. That is like Obama blaming Bush for his inability to run the country. Who ever was in the driver's seat is responible for the company at the time not the past officer.
SOCOM
shbbitz, scam company GTGP is behind 7 years in its GAAP financial statement filings with the SEC, not 5 years
this is what investors would have said in the past about the SEC suspension of GTGP that was announced yesterday had it occurred at the time:
Today: Yes but the sec could have done this years ago. It's been five why now?
Sept. 18, 2011: Yes but the sec could have done this years ago. It's been six why now?
Sept. 18, 2010: Yes but the sec could have done this years ago. It's been five why now?
Sept. 18, 2009: Yes but the sec could have done this years ago. It's been four why now?
Sept. 18, 2008: Yes but the sec could have done this years ago. It's been three why now?
Yes but the sec could have done this years ago. It's been five why now? This is the question that everyone must ask. I actually spoke to an SEC rep and asked why now and not then. He said a lot of companies out of no where will get suspended because of a tip. He said they have limited resources to watch all otc companies that closely. He also said that it is very odd and suspicious that someone new to ihub comes out of nowhere a week before suspension being so confident of his accusations of suspension. Not pointing any fingers but somebody got jealous that he missed the ride and called this in to help himself when there is a sell off. YES there are people who live among us in this world who would do this, especially when big money is involved. This I am 100% sure of. Last post of day
Dalman, seriously?
are you asking why a scam company would not be able to issue a press release stating that all of its press releases and public statements and SEC filings are true?
jwblue, when you say the timing of the "suspension" do you mean this?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79509518
12. What was GTGP thinking? It now appears that GTGP has not filed financial statements with the SEC that conform with GAAP since 2005 – a full 7 years.
HOW LONG BEFORE THE SEC WAKES UP AND REVOKES THE REGISTRATION OF GTGP’S SECURITIES SO THAT IT NO LONGER TRADES?
One month?
Two months?
Three months?
You could be right and I'm not going to doubt you since you were correct in this getting suspended. I guess we wait to see what Jim says if anything at all.
BTW - How did you know GTGP was going to be Suspended by the SEC a week prior to it actually happening?
jwblue, thanks for the info
the problem here is the red below can't really be stated by GTGP
jwblue74 Tuesday, September 18, 2012 1:00:16 PM
Re: None Post # of 60041
Cmon Jim. Atleast KMAG is informing there Shareholders and what they are doing to rectify the issue.
KMA Global Solutions International Inc. (PINKSHEETS:KMAG) On September 17th 2012, KMA Global Solutions International, Inc. ("KMAG" or the "Company") which was traded on the Pink Sheets under the symbol KMAG.PK was suspended from trading by the United States Securities and Exchange Commission ("SEC") pursuant to Section 12(k) of the Securities Exchange Act of 1934 and that trading in the securities is suspended for the period from 9.30 am EDT on September 17,2012 through 11.59 PM on September 28, 2012. The management of KMAG were not aware of this order previous to September 17, 2012 and have contacted their legal counsel Sichenzia Ross Friedman Ference LLP to immediately investigate the status of the order and what options the Company has to rectify the situation. Management of KMAG stands behind all information provided to the shareholders as factual and supportable. To address this situation and for the benefit of all KMAG shareholders, the Company intends to audit its financial statements for the last two fiscal years and to file a registration statement on Form 10 to become a fully reporting company under the Securities Act of 1934. Once filed, the Form 10 will provide shareholders transparency as to the Company's financial condition and will allow the Company to verify statements made in its press releases. The Company reiterates that all claims in its press releases have been accurate and the registration process will allow the Company to vigorously defend itself against any claims to the contrary.
GTGP - The bogus $1.5 million in assets
or
How to make receive a $1.5 million convertible note without really trying
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79620752
GTGP - The bogus $1.5 million in assets
or
How to make receive a $1.5 million convertible note without really trying
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79620752
GTGP - sublicenses to Anasazi Capital Corp and Sadhana Equity Investment, Inc.
Sham transactions with empty public shell companies in order to artificially inflate the stock price and trading volume of GTGP
(note: this is a preliminary version - full details will be posted later this week)
1. GTGP announces multimillion dollar deals to sublicense the MBS technology for soil remediation to these two entities in 2009 and 2010.
2. The payment for the deals to GTGP is announced as about $3.5 million in total.
3. Both entities are empty public shells with only a few hundred dollars cash in each.
4. Both entities are initially controlled by a Paul Garcia, a deal maker from Irvine, Ca., who later resigns and allows two other individuals to become CEO's and sole directors.
5. The Anasazi deal is 8K'ed, together with the signed sub License Agreement by GTGP.
6. The Stock price of GTGP goes up 70% upon the filing with the SEC of the 8K by GTGP and volume goes up 100 times.
7. The Anasazi Agreement states that the $1.25 million was paid upon closing of the transaction. THIS VERY BULLISH NEWS IS WHAT CAUSED THE STOCK PRICE AND VOLUME TO INCREASE SUBSTANTIALLY.
8. A review of the latest Anasazi 10Q shows that the $1.25 million (actually $2.9 million because there was another sublicense agreement) was not paid in cash, but was done by issuing a note, which was carried on the balance sheet of Anasazi.
9. Soon thereafter Anasazi writes down the asset of $2.9 million and never collects one penny in revenue for the MBS product.
10. Both Anazasi and Sadhana are Florida Corporations and are dissolved on the same date a year later - Sept 23, 2011.
11. The above shows that GTGP filed false and misleading documents with the SEC to manipulate the stock price of GTGP into an artificially high price and volume.
12. This type of transaction whereby the agreement is filed with the SEC showing a cash payment of millions of dollars, yet proof is shown that the cash payment was never made, was also done by EMHI in its $25 million purchase of the IP agreement with SLUP. (details on the EMHI/SLUP sham deal to follow)
jcwillis, thanks
If people had listened when I stared posting last week, they wouldn't end up with the subpenny stock that that they are going to end up holding once the suspension is lifted by the SEC in ten days and it starts trading in the grey market...
236T568, Gotta Give Credit Where Credit is Due...
You called it, GTGP stock suspension, plain and simple.
Not what I, or many here, wanted to see come to pass.
Your DD Kung Fu is strong.
Good job.
Good job.
choifunds, in response to your post
The game is over for GTGP
It will not trade for ten days since it was suspended by the SEC
On October 1st it will open on the grey market with no bid or ask and will show trades of one to five cents, eventually drifting to the sub penny level
GTGP will not spend the hundreds of thousands of dollars and two years to file the 28 10Q's and 10K's that it has failed to file with the SEC
There will be no market maker that will take the risk of filing a 15c211 form with FINRA in order for GTGP to to leave the grey market
FINRA will not approve the 15c211 if a market maker ever decides, by a miracle to file the 15c211.
The acquistion of MSE will not close
There will be no cement contracts
Eventually the SEC and possibly the US Attorneys office will file securities fraud charges against GTGP, its officers, directors, consultants and related parties.
Eventually the SEC will REVOKE the stock registration of GTGP so that it will no longer be able to trade
good luck
choifunds Tuesday, September 18, 2012 1:22:35 AM
Re: None Post # of 59779
The game is not over yet folks... I spoke with the man himself and as he told me, there will be contingencies as to rectify the problem. Now we've been through a lot of hurdles and shared this journey together over the years, and it's certainly not going to be easy with what is about to transpire in the next coming days/weeks, however we still control a very minimal float of 6-9 million imo, and the world will know and understand that this is completely and utterly 100%, a legitimate and bonafide company.
Once the acquisition goes through along with significant materialized contracts, there will be no question as whether if GTGP is a real company or not. The State and Townspeople of Montana and Bute want the creation of jobs in order to revitalize their economy, not to mention they want this deal to close to receive taxes from our revenues... The technology is there, and it's what they want and need.
Once we get our price to earnings ratio and show a whopping hike in our eps, the big boys won't care about where we're at, as long as we're making staggering profits that show massive growth...
At this stage, we've got nothing to lose, and everything to gain, so let's await upon our Ceo James Fallacaro to see how he's going to play this out... And all the negative conjecture that we've heard today was extremely limited based upon the lack of financials(which i admit was the fault of the ceo and his lawyers for not submitting the proper documentation to the SEC, but rather to Finra). Critical thinking skills on comprehension outside of the financials certainly has not been utilized...
Again, remember the world will know our story and the legitimacy to our pending significant material events, and us longs still control majority the float... This isn't over by a long shot, so lets just wait until what we have to hear from our Dear Ceo...
buc, there are problems
GTGP has to file 28 10K's and 10Q's that will cost hundreds of thousands of dollars to complete and take more than than 2 years
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79550932
in addition, the following are but two examples of the fraud that has been exhibited by GTGP:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79509518
and
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79639789
and look at the reason the sec did this...not for fraud this is very fixable and most posts dont reflect the truth of this...just attacks on the ceo...he will respond to this lets see what he does
MadBrewer, GTGP DOES NOT control the exclusive licenses for MBS
GTGP has an exclusive MBS license from Solucorp for SOIL REMEDIATION
GTGP has 50/50 Joint Venture with Solucorp for MBS cement plants
and that is it
There's still a few things going for us here;
1)
The test results from the 3 week Ashgrove run,
(bty, the equipment & stuff I would bet are still in place),
2)
We still controll the exclusive licenses for MSB.
The fact that the MSE deal has yet to be said,
I fear that is probably off the table for now.
Cheers
Janice the figure is closer to $8 billion now
GTGP is pretty cultish. Many really believe it's a "billion dollar company".
briand, that is a good question
the answer is in paragraph #2 here
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79509026&txt2find=gtgp
the link to the SEC document 8K filed by GTGP is included also
good luck