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.
If James Fallacaro puts out an 8K that clearly states the interest and ownership percentage that GTGP common shareholders have in MSE. I will not post on this board again.
Maybe that will spur some email action to JF?
Here's the thing, what we do know is that nobody accept Fallacaro and crew know the answer to that question exactly. So what is a common shareholder to do in trying to decide "should I stay or should I go?"
Why does Fallacaro NOT RELEASE THIS INFORMATION.?"
Hmmmm....indeed why wouldn't he?
They are not, and take a long time to get.
What is not factual?
If an 8K does not show up, what other reasonable conclusions are there, than the 2, maybe 3 that I give?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=80980907
Would it be better if I posted this after Wednesday? Maybe one will show up and it will be a moot point.
If we do not see an 8K by the end of Wednesday regarding the acquisition of MSE, then there are ONLY two possibilities.
1) Fallacaro is delinquent in filing the 8K for the material event, or
2) The acquisition of MSE is not material to GTGP.
Perhaps there is a third possibility, and that is that the acquisition has not closed (despite the hiring announcement of the COO)...so nothing material has yet happened to GTGP.
But NONE of the above options is favorable to the common stockholder of GTGP...and there is no other reasonable option come Wednesday if no 8K shows up.
How can any of this be explained away and why are stockholders not demanding answers to this very important question?
Has Fallacaro abandoned GTGP to revocation and is he moving forward with his insiders with GTHI and MSE?
Having been in the consulting engineering business for 25 years, just pointing out two gaps that I saw. Its actually a good resume and has loads of good PM experience. But it appears he has progressed along the PM career track at his prior employers, but never seems to have gotten into operational management or business development roles, although that may have been part of his responsibilities in some of the positions, they don't call it out.
My sense is that this is going to be an "expanding" opportunity for him. His previous connection with Butte and MSE, probably brings some value to the table in terms of familiarity and may offset the lack of experience in the other two areas.
The challenge is going to be to acquire work, manage the workforce utilization (to maintain cost control)and manage the "business" of MSE. His resume as posted has some gaps in those areas.
As always, IMHO...have no intention of posting my "resume"...ha....as if it would have any sway over how some think on this.
His resume is lacking two fundamental areas of experience. (1) Operational management of an engineering business, and (2) experience in business development. His resume is entirely project management. That gives him one solid leg on the stool. But a COO for an engineering business needs to have experience managing a business unit and project management experience is only part of that. Also, given the MSE needs contracts and "new work added" he would need to be able to develop and implement marketing plans, sales objectives, manage sales staff, etc.
It's not a bad résumé...just narrowly focused.
I did a spit take on that one....
Torment?
By pointing out realities and offering opinion?
The lack of information from the CEO is leading to more torment, IMHO, than any poster on an Internet message board could create.
There be lots of pink CEO's out there that would salivating for an investor into silence and no substance......
No, the material event was on October 8 as the PR clearly states:
Global Technologies Group, Inc. (PINKSHEETS: GTGP) James Fallacaro, President of Global Technology Holdings, Inc. (GTHI) and Global Technologies Group, Inc., announces the acceptance and approvals of the boards of directors of MERDI, MSE Inc. and MSE Technology Applications, Inc., along with the consents of the lending institutions involved, have executed multiple contracts including the purchase contract with the Montana Economic Revitalization and Development Institute (MERDI). As a result of the approvals of all of the terms and the plan of operation outlined by Mr. Fallacaro, Global Technology Holdings Inc. will take over the operations of MSE Inc. and all subsidiaries effective October 25, 2012.
An executed contract for an acquisition is a material event to a publically traded stock. But we have seen no 8K.
So even if we fast forward to the 25th. What will the story be if no 8K shows up on Oct 31?
Well he is required to put out an 8K for a material event to the stock GTGP. How do you explain the lack of one?
Lol...go look at the pic of it yesterday. It's just the address of that location. This pretty much confirms yesterday's pics as legit without doubt.
That's always the question isn't it..."should I stay or should I go...?" Dada-da, da, dada-da
Break it up into smaller chunks and you might have a better chance of hitting some GTC's. I don't remember the last time a 2+ million share trade went through.
And due diligence is about verifying the things you hear from the CEO and company through independent sources and means.
Otherwise it is not "due diligence" in any sense of the word.
That is why you have things called audits....
Or....the deal has closed but is immaterial to GTGP stockholders so there is nothing to update them on.
The market in general and KMAG on the greys have zero connection. It's Beta is pretty much zero.
If I was JR, and did nothing else, I would get my butt over to the Gibraltor drive office, open the freakin' door and wait for someone to show up. I gotta believe he reads this forum and see what is being discussed about the office.
This is not going to lead to a good place if he ignores it.
Agree.....but things appeared to be all locked up yesterday. Hopefully Philly can get some more info.
I wonder where the mail gets delivered then?.....Canada Post must be as confused as we are.
Unit 11 is KAMG....well, suppose to be KMAG
So what is the address of that "closer" office? This whole office thing gets weirder all the time.
The pic yesterday shows it as the location's address only. Kinda weird.
A re-take of the pics that where posted from the Gibralter Drive address yesterday would help with today's paper. Would be interested in what is labeled on the buckets inside the doorway and if you can see anything through the edge of the blinds. Also pop into one of the neighbors and ask when was the last time they saw people coming and going on a regular basis.
Also is Milestone still in that complex? Are they still dealing wi KMAG?
If your method of investing is to rely on proving the negative as you do here with KMAG, then there are about 1000 pink sheet CEO's that have some great opportunities for your money. All of that information should be verifiable and it is not.
Well, since you haven't seen an 8K for the deal that was signed on October 8, I would start questioning that assumption....as difficult as that may be.
Yes, your CEO owns MSE. It would appear however that the common shareholders of GTGP do not.
Yes, there are buyers and will be for awhile, each step of the way down.
It's also very interesting that sub .003 trades were filled while some of us have .003 bids in at the same time these supposedly damning photos show up. Nice use of the AoN function to instill some fear.
Sorry no conspiracy, but very normal events on grey sheet trading without MM. Buys will be executed below your "bid" and sells above your "ask". All depends on what the broker sees and can match.
I know there might be comfort in believing otherwise, but its not what is happening.
Exactly....and if you look a the 10/08 PR you read the following:
Global Technologies Group, Inc. (PINKSHEETS: GTGP) James Fallacaro, President of Global Technology Holdings, Inc. (GTHI) and Global Technologies Group, Inc., announces the acceptance and approvals of the boards of directors of MERDI, MSE Inc. and MSE Technology Applications, Inc., along with the consents of the lending institutions involved, have executed multiple contracts including the purchase contract with the Montana Economic Revitalization and Development Institute (MERDI). As a result of the approvals of all of the terms and the plan of operation outlined by Mr. Fallacaro, Global Technology Holdings Inc. will take over the operations of MSE Inc. and all subsidiaries effective October 25, 2012.
Executed agreements for an acquisition are material to a publically traded stock...in this case GTGP. No 8K was forthcoming on October 14 as required by SEC regulation. And absolute silence today.
The only reasonable conclusion is that nothing material has happened to the GTGP stock. GTGP does not own MSE....despite what many want to believe.
And that silence is a result, IMHO, of JF running out of wiggle room to keep the MSE charade going and to further mislead investors with the SEC watching.
I think the indicators are pointing to the MSE asset being kept for himself and other related players, but not GTGP. And it's not like he hasn't moved assets out of a shell stock before.
No, but it does mean that the commitment in the last PR was not met for certain information to be provided by the 25th.
But it also begs the larger question of whether a material event has happened for GTGP....regardless of what is actually happening in Butte today. Maybe there was a great ceremony...but you would expect a suspended pink sheet CEO to use any and every opportunity to announce something positive...unless doing so might get him into trouble because it is not material to the stock.
Remember, this is the CEO that did an 8K for a three day trip to Butte to discuss the potential acquisition!!!!!!!!
...and suddenly he has clamed up? Why?
A nice PAC/MBS rub should do the trick.
I'm in!
And neither of the Global companies has been incorporated in Montana yet
Why would they? Fallacaro owns MSE now.
I won't touch the stuff....too much mercury.
Tilefish perhaps?
The only way it is not true is if the PR's and filings are wrong...so either way...not good.
Somebody in KMAG was not paying attention to what they were filing....or thought no one would notice.
Actually so did I. Even just a repetitive PR confirming the non information in the last PR. Only reference to GTGP would be one of JF's titles...etc. etc.
Lets see what next Wed. brings on the 8K front. But I am starting to be completely convinced that GTGP has little to no interest in MSE via GTHI.
Does that make discussion of MSE OT?
Until the next hard date....
I guess they are having a hard time hitting the hard dates.
But in the land of the greys, no news must mean good news.
No...they spread some leaves around on the ground and took the picture in April...and set the date back to Oct 2011 because they knew the stock would be suspended in Sept 2012 and they would need to drive the price down to get cheapies by showing an empty office on the message board on Oct 25, 2012...ohhhhh....crap...they set it for the wrong year!
LMAO