Hi Figs, Thanks for the response. Yes, I've read 5-20 million in rev which is a real spread. Potentially the difference between a positive PE and negative one. Was just trying to learn if I missed something. So any financials at this point are pure speculation.

Ok, I guess we'll wait and see. Thanks again.

I've read every post on this board for the past 2 months. Those questions were not asked or addressed. Here are my questions again... Maybe somebody can either answer them or be honest and say, "Hmmm, good questions but I don't know the answer"...

"The debt is convertible" is what it states on the shell details on http://www.mergernetwork.com/for-sale/glgt-great-public-shell-just-k/343648.htm

A few questions... 1 Does anybody have a clue as to the numbers of this company that is supposed to be merging into GLGT? If so, what are they and where did you see / hear them?

2. Convertible debt... Just like it sounds, debt that is convertible into equity (free trading common stock) for pennies on the dollar. Or on in this case "fractions of a cent on the cent" Does anybody know how much debt is out there? And just as important, what price it was / is convertible at?

There has been a lot of speculation of "5 million in sales", 5 million in profit, etc. very contradicting information about financials that are being quoted. Wondering if anybody has any insight.

3. It also states in the description of the shell... "Included in this price is also the next 10-Q filing with XBRL, Super 8-K filing..." this leads me to believe that the shell has been fully reporting and QB in the past and can be / will be / is being audited to become qb again....

There has been alot of talk about so and so being the attorney who is known for reverse mergers. Has anybody reached out to him to see if there is an auditor hired? and who the auditor might be?

Good luck all.

"The debt is convertible" is what it states on the shell details on http://www.mergernetwork.com/for-sale/glgt-great-public-shell-just-k/343648.htm

A few questions... 1 Does anybody have a clue as to the numbers of this company that is supposed to be merging into GLGT? If so, what are they and where did you see / hear them?

2. Convertible debt... Just like it sounds, debt that is convertible into equity (free trading common stock) for pennies on the dollar. Or on in this case "fractions of a cent on the cent" Does anybody know how much debt is out there? And just as important, what price it was / is convertible at?

There has been a lot of speculation of "5 million in sales", 5 million in profit, etc. very contradicting information about financials that are being quoted. Wondering if anybody has any insight.

3. It also states in the description of the shell... "Included in this price is also the next 10-Q filing with XBRL, Super 8-K filing..." this leads me to believe that the shell has been fully reporting and QB in the past and can be / will be / is being audited to become qb again....

There has been alot of talk about so and so being the attorney who is known for reverse mergers. Has anybody reached out to him to see if there is an auditor hired? and who the auditor might be?

Good luck all.

Not halted because the MM's have updated at 9:30. Just a loss of interest I think.

Ok genius, Whatever you say. I hope you're not the one that's been conducting the DD here.

Hey, Eyeminute, Ya know, there is a difference between cautioning and being overly repetitive to the point of having another agenda.

Now, I'm the one who originally brought up the point that she shell was still listed for sale, and somebody from the board contacted that website and they posted that it was no longer available and that the seller did not take the add down. Ok.

I'm also the one who originally posted about a potential reverse split and somebody else posted that they spoke to the new company and they said there would be no changes to the share structure. Hard to believe, but, OK.

Maybe the above responses by other members of this board to my original questions are true, maybe they are not. But the point was brought up and addressed by the board, so everybody reading had access to that info.

It seems to me that you have another agenda. The only one I can think of by your repetitive nature is that you are trying to get people to dump the stock so you can buy it up on the bid. Crazy? Maybe. but... Possible?

In any event, the board knows that I've been skeptical and have brought up "what if" points. But the board answered them. Right or wrong, true or false they were addressed. But YOU on the other hand, your points have been addressed over and over and OVER again. There has to be IMHO some reason that you you are trying to get people to sell. Again. IMO only.

Best of luck all. I hope the board's DD turns out to be true.

OMG Almost 10 million shares for sale on the offer! Somebody knows something I think. They want OUT! and they're not afraid to show it.

The question to ask is... "what is the top and bottom line of the new co merging into GLGT"? Once you have those numbers, you would look at companies in the same business (aviation for example) and determine the average P/E. For example Boeing trades at a ratio of 23. Meaning, their market cap is 23X their earnings.

If this company would earn (earnings not revenue) annually $5 million for example, and it traded 23X earnings, the company would have a market cap of $115 million. Now divide that by the current shares outstanding (say 900 million for example) and you get .12.

Don't get too excited. This is just an example of how you can estimate where the company could trade based on its earnings. Many other variables come into play. Assets, Debt, reporting or non reporting, auditor, what exchange, etc.

Best of luck all.

ADL, You're right.... A Reverse Split is certainly not mandatory, and in some instances it cannot be done due to negotiated terms. Maybe this is one of those instances.

I certainly hope it is.

Again, Best of luck to all of us that are long.

Thanks for that reply. I agree. If you're right, the stock could see "multiple pennies" at the least. Lots of good stuff to read here. I believe the board has good insight for the most part and I thank everybody for their hard work in presenting DD.

Like I said, I'm a shareholder and despite my cautious posts, I'm still holding. So Yes, we'll wait and see. Best of luck to us all and I hope we can all profit.

Ed.

I don't think that Eyeminute nor myself ever said that the RTO would not happen. It's clear that your DD looks very positive for that. What I think you are being naive on is the fact that in most cases a reverse split occurs with a reverse merger as part of the SEA (share exchange agreement).

I'm not bashing the stock or the reverse merger. I'm just stating what I've experienced in the past.

See my post #15822

And in regards to machcobra's demand to show him why any co needs to do a reverse split... Come on, do I really have to explain that? I think my post #15822 makes it pretty obvious.

Look all, Just something to consider. Like I said before, If you will not consider a reverse split that MAY come into play IF there is a merger done, a catalyst, than you are ignorant.

You're right. What I post is my opinion and examples of what my 20+ years in the RTO game has taught me.

I am long GLGT.

That being said, No I'm not related to EyeMinute, nor do we know each other. From what I read here however, he is also experienced in the RTO game.

I joined iHub slightly after I noticed GLGT jump for the first time in a few years and wanted to read other opinions.

I'll be the first to say that you all have done a great deal of DD work. Lots of interesting facts here which make it seem like a merger with a solid company in the near term is more than likely. I'm not questioning your DD or trying to beat up the facts you present, but my post in Post #15822 is right on as an example of how an RTO usually works.

My voice is one of caution as to the reverse split. Nothing more. You can take it with a grain of salt if you like.

BUT... one other fact... Yes this next statement is a FACT that cannot be disputed.... "If you have not considered the risks of a reverse split in this scenario, than you have absolutely no experience in these types of mergers and you're only talking from a point of ignorance".

EyeMinute makes a valid point and its been something I've been saying as well. The danger here is the inevitable reverse split. I think we can all agree that a merger is more than likely based on the DD of the board. But look at the numbers last seen:

Shares Outstanding 803,075,764 a/o Nov 24, 2010
Float 245,800,000 a/o Sep 10, 2009

The float is 30% of the company.

You have to ask yourself this... (for example) If you were going to buy a shell and put a solid company into it, Why would you automatically give away 30% of the company? Would't you (for a few thousand dollars worth of legal costs), reverse split the stock like 1 for 1,000? Your new numbers would be 800,000 shares outstanding 245,000 in the float, and your stock price would now be $3.00.

Than... You issue 10 million shares to new management and your numbers are: 10,800,000 shares out and 245,000 in the float.

Further, you issue say 2.25 million share to raise about $5 million and your structure percentage wise is about the same. Except you took the value of the float out of the public (our) hands and put it into the company.

Unless Robin Hood is the CEO, this is more than likely the scenario.

Look people, I'm a holder like the rest of you, but EyeMinute is 100% correct about many things like: the Reverse Split and the fact that the original supporters of this board are long gone.

Now you can bash me, call me names, whatever. The fact is that I am a holder and I would love to see a "Robin Hood" type RTO but I have not seen one in my 20 years + in the business. This would be a first.

Best of luck everybody!

That's a good point because normally how a RM is done is through a SEA (share exchange agreement). This will include (among other things) 1. a reverse split of the stock and 2. issuance of new shares to the company being reversed in according to the CAP Table provided by (again) the company being merged in.

I'm interested to know if anybody has contacted their transfer agent to get the current share structure. they will tell you this very easily. Did I miss a post on this?

OK I had not read that anybody has spoken to the company and that they have confirmed that they are keeping their share structure. But good to know. Thanks. That answers that.

Here is one issue that I don't remember reading about... And... I'm a holder like most of you so I don't want to sound negative, however... When an RTO is done, It's very common (every time that I can remember) that the new company will effect a reverse split (almost down to nothing) and than an issuance of shares to the new shareholders as per the SEA (share exchange agreement). If that happens, we will all be reversed down to nothing.

Think about it.... A company like this currently has say 40% or more of its shares in the public float (I'm guessing on that number). When the new company backs into it, they start off owning only 60%. If they are going to issue shares to raise money (the only reason anybody goes public to begin with), they will have to issue more shares and dilute themselves further causing the insiders to own collectively less than 40%. (as per this example)

If they did the reverse split simultaneously to the RTO, they would reverse all of us down to nothing and issue new shares to the insiders who would control probably 95% (or more) post reverse and issuance, before issuing shares to raise money and diluting themselves down to maybe 75%. (just an example)

So as I'm reading and I'm optimistic about the DD presented and the merger going through, I'm nervous about the potential reverse split aspect of it. We could all end up loosing 95% of our equity position.

Any comments are welcome.

Why Nice try. I'm glad we got that exclamation that the shell was no longer available. I think it may have brought some comfort to the board. Take it easy my friend.

Hi Everybody that's great to know. FYI, I'm not trying to discredit anything. I'm a shareholder like the rest of you and I've been searching for information also like the rest of you. Now having that confirmed, is comforting to say the least. I was hoping somebody would have had an account there but I think you for fronting a few bucks to get that info. I think it was well worth it!

Hello all, Further DD on the shell GLGT.... I posted this earlier but it was ignored... It seems that shell GLGT is not involved in a merger currently unless their records were not updated. Maybe somebody has an account with this company and can check on it.

http://www.mergernetwork.com/for-sale/glgt-great-public-shell-just-k/343648.htm

GLGT Shell seems to still be available. Does anybody have an account here to check? http://www.mergernetwork.com/for-sale/glgt-great-public-shell-just-k/343648.htm

Sorry was post #12852

Hey Gem, Linkvest, Any way to get a link to that SEC filing that was mentioned in post# 12848 ? I'd like to spend some time to dissect it.

Hello everybody. I'm new to this board. Thank you all for your info. Very helpful. I've noticed the vol and the swing beginning a couple weeks ago. I saw a post referencing an SEC file by Gem. Any way I can get a link to that so I can dissect it? The link in the post was not to any sec file.