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DOJ Felony Indictment
the year was 2011 and this is what Fallacaro was saying about the financials:
Jun 13, 2011
Financials
We are currently finishing up the financials which will bring us up to date for uplifting to OTCBB. They should be completed for the year end June 30, 2011 and will be filed for that period prior to the final date for filing of that annual report.
http://envirolib.org/press-releases/global-technologies-group-inc-shareholders-letter/
The Filing of False and Misleading Financial Statements with the SEC by Global Technologies Group, Inc. (GTGP)
1. GTGP was formerly called Global Music International, Inc. but changed its name to Global Technologies Group, Inc.
2. On Frebruary 19, 2008 GTGP filed an 8-K with the SEC stating that:
“On February 14, 2008, the Board of Directors of Global Music International, Inc. (the “Company”) concluded that the Company’s previously issued financial statements for each reporting period from January 1, 2006 through September 30, 2007 will be restated to make necessary accounting adjustments. Accordingly, the Company’s prior financial statements for such periods should no longer be relied upon.”
The GTGP 8-K also stated that
“The Company has not determined the amount of such additional charges. However, the effects on previously reported financial statements are expected to be material.”
http://www.sec.gov/Archives/edgar/data/1308841/000110801708000104/globalmusic8k.htm
3. A couple of weeks later, on March 7, 2008, GTGP filed an 8-K/A with the SEC stating that most of its senior officers/directors had resigned effective January 25 and 30, 2008:
Item 5.02 Departure of Directors or Principal Officers; Election of Directors, Appointment of Principal Officers.
On January 25, 2008, David R.Allen resigned as Chief Financial Officer of the Company, effective on January 25, 2008.
On January 25, 2008 Christopher Mauritz, Executive Vice President, Officer and Director of the Company resigned his position, effective on January 25, 2008.
On January 30, 2008 Ji Shen resigned his position as Vice President and Director of the company, effective January 30, 2008.
http://www.sec.gov/Archives/edgar/data/1308841/000110801708000129/global8k.htm
4. At this point in time, the last two sets of financial statements filed by GTGP were the 10-K for the fiscal year end June 30, 2007 (filed on Sept. 27, 2007) and the 10-Q for the first quarter ending Sept. 30, 2007 (filed on November 14, 2007).
June 30, 2007 10-K:
http://www.sec.gov/Archives/edgar/data/1308841/000110801707000646/globalmusic10ksb07.htm
and
Sept. 30, 2007 10-Q:
http://www.sec.gov/Archives/edgar/data/1308841/000110801707000776/gm10qsb.htm
5. During 2008, the GTGP stockholders waited for the RESTATED financials to be filed with the SEC. GTGP failed to do this during 2008.
6. During 2009, the GTGP stockholders waited for the RESTATED financials to be filed with the SEC. GTGP failed to do this during 2009.
7. During 2010, the GTGP stockholders waited for the RESTATED financials to be filed with the SEC. GTGP failed to do this during 2010.
8. During the first half of 2011, the GTGP stockholders waited for the RESTATED financials to be filed with the SEC. GTGP failed to do this during the first half of 2011.
9. Then on September 13, 2011, GTGP files the amended 10-K for the year ending June 30, 2007:
http://www.sec.gov/Archives/edgar/data/1308841/000110801711000352/global10k.htm
10. A few days later, on September 16, 2011, GTGP files the amended 10-Q for the quarter ending September 30, 2007:
http://www.sec.gov/Archives/edgar/data/1308841/000110801711000358/gtg10q.htm
11. At this point in time, investors expected GTGP to file the RESTATED financials for the previous periods. However, amazingly, GTGP, fully knowing that the 10-Q and 10-K previously filed with the SEC in 2007 and discussed in paragraph (4) could not be relied upon, needed to be RESTATED and needed MATERIAL adjustments, did the unthinkable: GTGP filed the same FALSE AND MISLEADING 10-Q and 10-K in September 2011 as it had filed in 2007. A simple review of the 10-K’s and 10-Q’s included in the links in paragraphs (4), (9) and (10) would verify this deceptive behavior by GTGP.
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?
and I believe in THIS that trumps "people" anytime:
241 million fully diluted common shares outstanding
Its about time
these people have funded many of the scam companies through the years...
Response in red
huh?
when have I ever stated that you should sell your shares?
if you can find the post, then please show us.
you won't because I have never said this.
on the contrary, I personally hope that you hold all of your 175,000 GTGP shares
It will be a true pleasure to see what happens to the value of those shares as time passes.
true true pleasure!
{wink wink}
yes, and when GTGP stockholders are informed by the SEC that it has informed GTGP of the begining of revocation procedure, the stock will flatline...
Yes, and if you wait until the SEC Litigation Release includes GTGP, then it will be too late - just like waiting for the SEC suspension of GTGP stock. If you waited for that announcement then you are now down 84% on your GTGP holding since before the announcment.
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=80058796
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
30 days since the SEC announcement of suspension of trading for GTGP
and yet
no financials filed with the SEC:
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001308841&owner=include&count=40&hidefilings=0
not one 10Q or 10K of the 28 due has been filed with the SEC
so was GTGP CEO Fallacaro lying again when he stated this in the Sept. 18th PR?:
nodummy, truly truly excellent post
that clearly explains how the Fallacaros treat their public stockholders.
I would like to add that the Fallacaros took some of those Falcon assets that they transferred over to themselves, then exchanged them for a $1.5 mllion convertible note to GTGP in 2004. Soon thereafter the $1.5 million in assets that was transferred and they claimed was now owned by GTGP was WRITTEN DOWN AS WORTHLESS by the GTGP auditors....Yet the Fallacaros kept the $1.5 milion note, accruing interest over time. In addition, the Fallocaros $1.5 million convertible note is NOW SECURED BY 100% OF THE GTGP ASSETS.
and here is the important point:
SINCE GTGP DOES NOT FILE FINANCIALS WITH THE SEC, WE AT THIS TIME DO NOT KNOW WHETHER THE FALACAROS HAVE ALREADY TRANSFERRED ALL OF THE GTGP ASSETS, INCLUDING LICENSING AND JV AGREEMENTS OVER TO THEMSELVES OR A RELATED ENTITY!
From the October 2012 issue of World Cement:
World Cement is an industry publication. I'm sure they know what they're talking about.
By 2015, the incoming industry-wide regulations aim to reduce annual emissions of SO2 by 78%, HCl by 97% and mercury by 92% (though the latter has recently been negotiated down to 85%).
http://www.worldcement.com/sectors/cement/articles/Cement_Canada_environment_emissions_carbon_taxes_163.aspx
Excellent, glad you could join the close knit GTGP "longs"
here is some research on GTGP that you might enjoy reading now that you own the stock:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=80125093
and
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=80059681
Why fool around with odds?
why not just wait until you review the front page of the US Attorneys Office fraud complaint that will be filed against the Monk and the lieutenants?
ha!
that is where the fun part begins as the Monk will be giving up names of the promoters that assisted him in order to lesson his jail sentence by a year or two once indicted and convicted.
SMDI Daily Tape Painting Summary - 10.16.12
VWAP = $0.186
- tape painting print at the ask in red
Time Price Volume Exchange
15:59:29 0.20 125 OBB
15:47:40 0.19 5000 OBB
15:47:40 0.19 150 OBB
15:47:27 0.18 10000 OBB
15:36:54 0.18 5000 OBB
15:36:50 0.18 10000 OBB
15:36:27 0.1836 3000 OBB
15:34:28 0.18 125 OBB
15:30:45 0.165 6550 OBB
15:30:43 0.165 5000 OBB
15:29:52 0.17 125 OBB
15:28:37 0.165 5000 OBB <<<<<<<<< 52 week low
15:20:15 0.17 5000 OBB
15:17:12 0.185 125 OBB
15:15:56 0.17 5000 OBB
15:15:30 0.19 5000 OBB
15:15:10 0.175 5000 OBB
15:14:40 0.195 125 OBB
15:14:27 0.17 900 OBB
15:14:26 0.1712 4100 OBB
15:14:17 0.19 5000 OBB
15:13:41 0.175 2000 OBB
15:13:38 0.18 400 OBB
15:13:36 0.175 5000 OBB
15:12:28 0.18 5000 OBB
15:09:45 0.20 1000 OBB
15:09:41 0.21 125 OBB
15:09:30 0.195 5000 OBB
15:09:27 0.20 5000 OBB
14:44:16 0.225 125 OBB
14:44:16 0.225 125 OBB
14:44:09 0.20 9100 OBB
14:43:41 0.225 125 OBB
14:43:41 0.225 125 OBB
14:43:35 0.20 2500 OBB
14:43:35 0.20 3000 OBB
14:42:59 0.225 125 OBB
14:42:59 0.225 125 OBB
14:42:26 0.22 100 OBB
14:42:10 0.21 5000 OBB
14:31:09 0.22 5000 OBB
14:30:46 0.22 5000 OBB
09:31:19 0.2549 200 OBB
GTGP Average Stock Price - 10/16/12
17 trades today
Volume Weight Average Price
$0.150 - Oct 16, 2012
$0.126 - Oct 15, 2012
$0.107 - Oct 12, 2012
$0.158 - Oct 11, 2012
$0.165 - Oct 10, 2012
Value of Total Shares Traded
$18,057 - Oct 16, 2012
$2,218 -- Oct 15, 2012
$20,853 - Oct 12, 2012
$10,270 - Oct 11, 2012
$8,295 -- Oct 10, 2012
.
yes, all sells today, one after another after another, except for two trades at the end at the ask and the usual tape paint at the ask..
look for sub .15 tomorrow, eventually dropping to below $0.02 as time passes and people realize that a restructuring is going to wipe out their SMDI investment...
response in red
GTGP ONLY has an exclusive license form Solucorp for the MBS soil remediation
GTGP has a 50/50 JV with Solucorp for the MBS cement plants and other type of plants other than energy/power plants
that is it
here is the GTGP PR describing the 50/50 JV with Solucorp for cement plants:
http://finance.yahoo.com/news/Global-Technologies-Group-Inc-iw-1931520180.html
A second Joint Venture agreement with Solucorp covers all applications of the MBS technology use with the exclusion of energy related projects. This JV will give Solucorp 50% of the net proceeds for any projects incorporating the MBS technology and does not affect the original exclusive license agreement Global was issued.
You are hearing less and less noice here because GTGP stockholders are extremely unhappy as the stock got suspended, sent to the grey sheets and is down 84% from the pre-suspension price - and they are looking at an upcoming revocation by the SEC, for Fallacaro will never file those delinquent financials with the SEC. They are also unhappy because, after all this time, Fallacaro has failed to let them know what percent of GTHI is owned by GTGP, if any.
These stockholders have nothing positive for GTGP to say and don't want to hurt their "investment" by saying negative things about GTGP and Fallacaro on an Internet Message Board.
ouch, 20 cents
IF YOU ARE A GTGP STOCKHOLDER
why are you not asking how much of GTHI is owned by the company that you own stock in, GTGP?
why are you not INSISTING that Fallacaro let GTGP stockholders know the EXACT ownership of GTHI by GTGP?
after all, isn't the acquisition of MSE by the private company GTHI a big thing?
Are the answers to the above questions not important in making the decision whether to own GTGP stock or not?
SERIOUSLY!
WHAT WILL COME FIRST?
1. GTGP gets revoked?
or
2. GTGP stockholders finding out that GTGP owns less than 1% of the private company GTHI, which is the entity acquiring MSE, Inc.
Wow, look at all those contracts for MSE
yet
MSE is near bankruptcy, after reducing the workforce from about 200 employees to about 60, and MERDI could not get rid of it, except for a private company, GTHI, headed by Fallacaro, the CEO of scam company GTGP, which has recently been suspended by the SEC.
wow, thanks for the info
by the way, why are you grouping GTGP with MSE/GTHI?
GTGP has less than 1% ownership in GTHI.
you will be able to read about the GTGP "wash trading" in the SEC Litigation Release when it is announced
ha!
you would think that the wash trading would attempt at least to use different prices for the wash trades:
Time Price Volume Exchange
11:24:36 0.15 7500 OTO
11:24:35 0.15 7500 OTO
11:20:47 0.15 3000 OTO
10:56:57 0.15 2500 OTO
10:40:31 0.15 4500 OTO
10:33:47 0.15 2500 OTO
09:48:05 0.15 10000 OTO
09:45:49 0.15 1125 OTO
09:42:42 0.15 6000 OTO
09:42:41 0.15 50000 OTO
GTGP stock price
before SEC suspension
$0.93
Today
$0.15
Percentage drop in stock price
84%
still remember that guy that used the wolfblitzzer alias on a message board that got sued by the scam company, but also got the real Wolf Blitzer and CNN sued by the same scam company for failing to prevent the poster from using the Wolfblitzer name when discussing the scam company on message boards.
THE LETTER FROM JERRY WILLIAMS:
MONK'S DEN
MESSAGE FROM MONK
Good afternoon all… I know... it’s not Monday but, I feel there are a few things that need to be addressed…
Some of which have already been addressed on the new forum. This email will add a few other items … it will be sort of a question answer session with a few other comments as well.
EIGH…
First... I am not on the board or a beneficial owner of EIGH.
I am not involved in the day to day decisions of their company...I am in process of the merger/combination with them... and when the details are finalized... they will be released.
I will also say that I do have confidence in the company and in the leadership... did they make a mistake... absolutely.
Does one mistake alter the ability to execute a business plan... Nope.
Do I wish I could undo what happened over the last few days.. yes I do... but, I can't.
Do I believe the recent PR that states they will be utilizing a buy-back plan for shares... Absolutely.
Do I feel the audit will reveal even further discrepancies in the share counts..Yep.
Do I think the company buying back shares will have a positive impact on the price... Of course... and if they in fact retire those shares it will continually decrease the trading float.
Monk's Den...
Will I continue to run Monk's Den as I have? Yes... Monk's Den, at least the business portion of it, is about teaching people to read charts and trade the ETF's and is completely unrelated to any other plays. It is designed to help folks make a day to day income by day trading... we are already making excellent chart calls on the new forum.
Will I be in Boston and Chicago?... YES.
Why have I not been posting on the "other" board? I was advised by legal counsel to not post in public forums as it could give the appearance of me attempting to affect the stock prices.
Why can I post on the new Den? Because that board is an asset of Monk's Den... and, therefore anything posted here by me would be a result of operating my business of Monk's Den.
I would like to add here that a lot of folks have said to me that I teach the Monkinars to make money and that if I really wanted to help people… I would do those for nothing… Well… Monkinars cost a lot of money to hold… And, while Mel, Jason and Chad are great people... they do need to make a living. That being said… Jason and Chad do trade as time allows but, Mel rarely has time to breathe... much less trade. Furthermore... for those that think I do this for money…. You should know that to date, all the people that have registered for a class through PayPal… well… I haven’t received one dime to date…. It has been one hassle after another… and has actually, cost me money thus far. Every paycheck issued to Mel, Chad or Jason... Every hotel room I have booked… every conference room... every airline ticket… every cost associated with the Monkinars has come directly out of my ETF trading profit. Just as an example… The Atlanta class cost approximately $21,000 for me to hold and get the staff there.
Why am I charging for the new forum? Again… the site you see as of now is just a first step while the “real” Den is being built…. And I have already spent tens of thousands of dollars on its construction. The forum you see as of now is by no means the end product…
Chart plays and forum levels…. Chart plays and lessons will be a regular part of the new Den. We will be available… either myself or Chad or Jason to assist with chart reading... and sharing the results of our scans. This will also serve as ongoing support for the lessons you learn in the classes… that is why we have broken it up into levels. We found in the past that as folks posted entries and exits on the ETF’s some were confused in that… the entries and exits were based on different rules they had learned…
Den plays… I have not changed my thoughts on Den plays. Do I think some have recently?… yes. Does it bother me that some have invested more than they can afford?… absolutely. However, I have always told folks to never invest more than they can afford or money they can’t afford to wait for. And in the Monk’s Den information box The SEC blurp about investing is listed…. I would be willing to bet that my cost average on the various plays is likely higher than most…
As far as our plays go… I think it is safe to say that every penny stock player ever is hoping for a short squeeze… we simply gave it a name and talked about how it could happen. I would suggest doing a board search on the various stock forums and noting how many times the phrase or some variation of the phrase about locking down a float or MOASS or “ the MM’s are screwed here, they are short”. I would think you could find one of those variations on just about every penny play ever.. and probably used by some of the folks that are now pointing fingers… I could name several examples… but, I will refrain.
Public stock forums are exactly that…. a place to share thoughts. I certainly haven’t heard any complaints about my calls on some the major winners like CEMJQ or Pilgrim’s Pride or CTIC, ACAS, PNX or any of the other major runners. Nobody will be perfect on every call... Nobody!
On public forums, if you agree with someone then you will likely invest or trade alongside them... if not... then you move on. I could personally, show you hundreds of messages to me from folks who were requesting me to come on to their plays based on those thoughts. I could also show how many times folks asked me to let them “in” on my next play before I called it… I don’t operate that way.
I have been accused of being a promoter… Well... I was at one point and I have shared that in my classes and on the Den. I got out of that line of work very quickly as folks routinely got hurt… and the laws surrounding that type of work are so gray that frankly I didn’t want to take the time to learn them.
I think that earlier experience is one that stuck with me and is the primary reason that I have started focus on a family type of atmosphere. Even with recent turmoil, I believe our family is a close one… and that being said... you count on it that I will be here and help as many as I can along the way. The Den is more than just a few plays… The Den is, as I said… A FAMILY…
Monk We are apt to shut our eyes against a painful truth... For my part, I am willing to know the whole truth; to know the worst; and to provide for it. --Patrick Henry, Patriot and Hero of the American Revolution
yes, good idea
and for last Friday and yesterday that would have worked
however
as time passes, those blocks of 3,333 are only going to be able to be sold at prices in the range of $0.07-$0.08, then at prices in the range of $0.04-$0.5, and so on and so..
well, you get the picture
Monk Friday, April 16, 2010 9:28:52 AM
Re: None Post # of 319093
Hello from Tokyo...
For all those worried about CDIV or any of our plays... let me just say that I think an exit at this stage of the game would not be wise...
And, while many are showing up to provide more than enough fear and doubt... I would suggest that you look at what we have accomplished... Folks are coming out of the woodwork to tell you that CDIV or any of our plays are over and that the short squeeze can't happen... I have shown you examples of how they work... Furthermore, if you don't think a float lock down works.. explain to me how CDIV has hit a high better than 100,000%...
These trips I am taking are not vacations... I am building the team...
I am not going to go into detail about has happened here today or what is scheduled for tomorrow and, certainly not what will be happening over the course of these or our upcoming plays... but, while you are reading and possibly believing the doubt posted by folks that have no idea of our team concept,, I will continue to do what I do to help build our team and family... Our team is now international and expanding in ways in which you all have no idea...
Yes, my guess is the US Attorneys Office has already opened a criminal investigation against Monk and a couple of his paid promoters.
Grey Sheet Stock GTGP - a trading pattern develops
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=80564227
GTGP trades of the last 2 days - notice a pattern?
It appears that a pattern is developing over the last two days of trading.
Except for the first trade of Friday, every trade of 10,000 or more shares has been at the $0.10 to $0.11 level
so, essentially if you want to start unloading shares in blocks of 10,000 shares or more, you are going to have to accept a price of about $0.10 to $0.11 - AT LEAST FOR NOW.
As time proceeds, people who are attempting to sell 10,000 or more shares at a time will have to sell them at $0.05 then eventually at $0.03 and so on......
Sorry, but this is how the grey sheets trading works....
Time Price Volume Exchange
10/15 0.15 1000 OTO
10/15 0.15 3400 OTO
10/15 0.14 3273 OTO
10/15 0.11 10000 OTO
10/12 0.11 14300 OTO
10/12 0.10 8271 OTO
10/12 0.10 6082 OTO
10/12 0.08 1000 OTO
10/12 0.10 5000 OTO
10/12 0.10 20000 OTO
10/12 0.10 51000 OTO
10/12 0.15 400 OTO
10/12 0.15 655 OTO
10/12 0.15 5000 OTO
10/12 0.10 2000 OTO
10/12 0.10 2000 OTO
10/12 0.10 50000 OTO
10/12 0.12 5000 OTO
10/12 0.12 2300 OTO
10/12 0.12 1000 OTO
10/12 0.12 500 OTO
10/12 0.14 20000 OTO
GTGP Time-Sales 10/15/12
4 trades
Time Price Volume Exchange
15:51:00 -- 0.15 -- 1000 OTO
15:49:12 -- 0.15 -- 3400 OTO
12:06:46 -- 0.14 -- 3273 OTO
09:38:15 -- 0.11 -- 10000 OTO