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For anyone interested,
There could be some private placement shares available at a low pre-split price. Contact Kevin by phone.
Bat,
"Yes, I got on Wed afternoon, thank you." 60 days and running.
Shareholder Meeting/Proxy Vote
REceived electronic proxy vote this AM. Kading is asking to be voted in for an additional year. The BOD is also asking for 1 for 5 RS and increase in AS to 900M.
Meeting is on 14 Oct in NYC.
I voted with the BOD.
AMA,
Who cares about that symbol. In one year, the current Global common certs will have less value than they did before the revocation.
All I care about now is making some sales of GoGreenWorldProducts offers in my area. I'll make more on commission than Shep settled for on the sub-license to NTI.
Who now holds the primary license providing the techs to Global? Shep got away with never paying Eurotech anything but the new Licensor may be looking for those royalty payments. Should the new Licensor receive royalty payments, guess who will come looking for compensation?
I don't think these share sellers ever expected to be placed in a position to be concerned about royalties to anyone. Who knew they would ever sell a nickle's worth????
Check the new info on NTI's website re Green Poly. Exciting stuff. Huh?
AMA,
NO.
I don't think you know anything either. They will do something with Global but we know not what. Maybe TCNH will do an acquisition on the cheap before Global ever achieves any revenue on the techs license to NTI. Common holders get squated on once more. Anyone still holding shares of an obscure, non-trading, quasi private company have no rights anyway. Dang. that includes me!
Sell your Global shares if you can(There must be a mrkt for some TP somewhere.) and buy TCNH.
Some trading on MRKL
worked for me early but then I became stupid again and became a holder of too many for far too long.
DF yesterday posted info on Gryphon PIPEs on MRKL board. The twist in 04 was naked shorting before a loan was made to the company when the company had no need the loan. Six months later, the company had cash to pay back the unneeded loan but purposely allowed the default. The lender was then able to convert the defaulted loan into unrestricted common to use to cover the short positions. The shorting began when the sp peaked above $4.00 early Apr, 04. Loan default occured 3/15/05 with sp at .43. (The company was not even given a grace period to cover the default. How unusual is that?) Coverage shares were obtained at below market down to less than ten cents, perhaps even lower. Nothing illegal there and no requirement for the lender to hold PIPE issues for registration approval. There was no upfront PIPE shares issued just a convertible loan.
I was reading filings and PRs and felt absolutely certain the company would not default on the loan. How wrong I was!
I still hold some TCNH. With those convertibles coming fast it may be time to jump out of that one as well. Watching for a little more upside pump.
Bat,
"$100,000.00 to be paid out on a quarterly basis over 24 months coming out of cash flow to start at twelve months after the signing of the deal. Payment to be approximately 5-10% of gross sales of HNIPU. Refer to proforma submitted"
This is not extracted from a fluff PR being made to influence share sales or a tainted research report.
According to Time, it was a specific regarding a payment of $100K to Hicks in the buyout plan. Maybe it was meaningless or maybe it wasn't. Why would Sheppard ever entertain such a proposal to be made to Hicks if there was no chance of any HNIPU revenues? Before Hicks would accept, don't you think he would have to be convinced on the possibiity? It could, however, be just a planted statement to influence share buying of the restructured company. In that case, you may be 100% correct.
I do not think the negotiations are closed. I also think the upfront $15K mentioned by Time, and refused by proposed lenders, was Earnest Money which would not be an unreasonable request by the "seller".
A certainty, however, is that Hicks stood to make several million in the deal on the 45M shares of the restructured company. This would, or maybe still will, come after a RS and reinstatement of Global securities. If there were HNIPU sales to cause a good level for the share price, Hicks would benefit with every uptick.
As usual, the current common holders take the big hit with the RS.
AMA. If you are in a position to ride along with Hicks and Co as the company is revived to trading status, then you must be one of the insiders that would not be affected by a RS. Can that be true?
BTW, Bat, what happened to your rah,rah,rah for EUOT,MKLD, and HCOM you were expressing on the EUO board back in Sep, 2003?
Batscam,
What does this mean in Time's post:
"Payment to be approximately 5-10% of gross sales of HNIPU. Refer to proforma submitted."
Nothing or something? It could infer someone is expecting sales in the area of $500. to $1M.
AMA,
I believe you are right about EKOR/NuCap but not right about EUOT. A Belmont Team Member told me in an email that control of the EUOT shell had been sold to a third company. They won't say when or to whom. Maybe the sale has not closed since the Company Info on Pinksheets still shows Belmont, with Meuse as CEO.
The big question I have(I wuill find out.) is what happened to the License from Eurotech to Global and all the intellectual properties encompassed by that license. Since you keep saying you know everything that has gone down between Eurotech and Global, why don't you give us some answers...There were some valuiable techs in the license, such as HNIPU and Firesil. Somehow Shep tried to pick up on RBHM but no chance of that. NTI is only licensing HNIPU from Global and none of the other techs.
It is a strange thing that Belmont wanted more for their EUOT position, about 68%, than Time and partners were going to turn over to Sheppard. Hicks was going to give up all his credit positions for $200K and 45M common shres of the new structured company....I guess he was thinking he would be able to sell those for ten cents or better. Huh?
You can paste this on RB if you wish...Chrf4
Bat,
Isn't NuCap just a new name for EKOR? Is it new shaving cream versus the old stuff?
Interesting you should mention one of my favorites. Not AC.
Going to Phoenix tomorrow to see if something can rise from the ashes....LOL
Do you think NTI
or whoever now has access to the NuCap tech can get in on the waste problem? Can NNRI do a new deal with EUOT and DOW-C?
First things first. Is NuCap real or was that application in Chernobyl just whipped cream?
Hey, Bat,
Did you grab a few on the info I gave you.
Too late now but I should have been smart enough to take everything out of EUO and put it in AWIN over six years ago. A company coming out of BK with new bank financing of over $200MM(No toxic crap) had to have a solid recovery plan.
Maybe Shemp can pull something off to recover this one. Naw. Thay dream won't happen here.
Added;
His lackeys on the BOD have to go away also. They have all craped in their britches and the smell won't go away until they are all gone....
The question still remains. What will Global have left at the end of the day? The royalty payments from NTI may be lost. If they receive them, then there is the added 7%/4% of gross sales due to EUOT.
Will NTI be able to get enough profit margin to make ends meet?
No wonder Shep has wanted to ignore that License Agreement. The cash flow stream has too many layers and too much dilution.
If they get rid of the debt, buy back about 90% of the OS, and then merge back into EUOT, we might have a viable company.
EUOT holders absolutely expect a RS so that won't be anything new. Do that before the merge so Global holders still onboard don't get hurt.....
Hey AMA,
Is Hicks going to forgive all the debt owed by Global and buyback about 350MM shares for the company treasury?
Between Hicks and Sheppard, they should be able to make that work for the company. That would be just spit money for Hicks and he would be able to take a tax write-off, as well.
Better than ging to jail. Huh?
AMA,
Do you really think he can make enough amends to keep him safe.
Maybe he needs to personally buyback about 350MM shares and turn them over to the company treasury. That along with an interest free loan of a couple of million bucks to allow the company to buyout Hicks.
Somehow acquiring a new symbol with the same debt and share structure just won't cut it. JMO
Fun will begin after the CC on 29 July.
Go mobile with US Mobility
Not a penny but great bounces.
Bat,
That was not much of a response to the question on trademark.
They have shown Green Polyurethane as a trademark on their website for a long time now. Maybe it is trademarked in Israel or Germany.
I don't have an answer to your question. I only suggested you check with the company that is saying it is trademarked..but if you are not really interested, why did you bring up the question?
Bat,
I don't know. Maybe you should direct your question to NTI? That is the company that set up production in Canada.
Makes you wonder why Gary
gave up on an attempt to take possession. Hmmmm?
I guess the info on Gary's website is out of date:
Phazerthane is a Phazer Product
We encourage our customers to visit Go Green World Products.
Bat,
An added bit of information.
HNIPU Green Paint from Canada is on a retail shelf in Phoenix. Probably in other locations somewhere in the USA, as well.
That technology may not be worthless afterall. Was it taken from EUOT at no cost or is EUOT still entitled to royalty pymts? AMA says EUOT interest has been eliminated but he can't seem to post any documentation. Shep told him that so it must be factual. Right? Does Mr. Sheppard tell lies?
Bat,
Just a couple of comments.
Back in 05 when Hicks starting buying EUOT shares, they stated an intent to acquire control of the company. It appears that happened. Had CN not laid down and settled with Global in 06, CN would have been gone. Whether or not either of the techs developed/held by Eurotech have any value is still a big unknown. HNIPU may now be on the cusp of widespread use but we do not know if NTI info is real or bogus.
Belmont does not buy a shell without acquiring sufficient shares to make a profit in marketing the shell. They most likely bought controlling interest from Hicks. Info I received at a Belmont meeting in Vegas seemed to indicate Belmont would, in cleaning the shell, get rid of any "assets" held by Eurotech. Belmont is now as close mouthed as CN was regarding the tech license. A shell with some technology rights might be more valuable than an empty shell.
Belmont is currently aggressively marketing an exceptionally clean BB vehicle for $100K down pymt. I don't know the total asking price. EUOT does not fall into that category but Joe Meuse doesn't miss often on moving shells at a profit. Belmont has an office in China so stay tuned.
AMA,
If the same management stays in place, it will be same o, same o. All Shep does is pis speople off and get involved in wasteful lawsuits.
BTW, on 1/27/09, Global announced a new sub-license agreement with NTI. If that was factual, then the "LICENSE" from Eurotech still exists. Also, in the 10K filed on 1/20/09, Global stated their were 8,662 Series H PFs still outstanding as of the date of that filing. You do recall the Series H pfs were issued to Eurotech as payment of upfront fees for the "KICENSE". Interesting information. Huh?
Hey,
You have the cart before the horse. The shell exists, is trading and is controlled by Belmont partners. They are looking for a company interested in merging into a public company, the EUOT shell.
Go away, Global. Eurotech has no need or interest in a Cayman lender controlled toxic financing scheme with nothing to offer except Shepchit BS.
EUOT still exists.
Trading today up 20% to .003.
I sure hope Global doesn't come close to Eurotech again. Global has too much bagage- about 400million issued common and debt out the ying yang. Eurotech owes nada to no one and still owns the technology rights which Global used for one single purpose--to allow Hicks to collect old debt and bilk the public of more cash.
Added:
Are you suggesting Global will merge back into a public company(perhaps EUOT) and the merged company will file a 10SB12G to become a reporting company.
Hey. NNRI did that, bacame a fully reporting company, but nevre got back to the OTC. Do you believe Global has a shot?
Did I type 10QSB?
Let's go for 10SB12G. Maybe that is what you may be talking about?
In any case, if a filing is done, it won't be submitted by "GBMR".
AMA,
Except still being recognized on message boards, the symbol GBMR no longer exists.
Should Global file a form 10SB, 100 shares will be near what I will get in new Global shares(Symbol now unknown) after the massive restructure.
Shep must have quit this one already. When will Allen watchdog be back? Or is there anything left to watch?
Have you noticed that EUOT is still a valid symbol and is still trading on the Pink Sheets?
AMA,
"avoid the need for a SEC ordered revocation."
Where have you been since the 19th of June? Revocation has been done. Shep drove GBMR into the wall and crashed. Shep can't go back now and prevent the crash.
Global has absolutely no resources. Unissued common shares are as worthless as the ones already issued. Hicks is no longer fronting any cash and neither is anyone else.
DONE, KAPUT, FINISHED, TERMINATED, OVER, SHOT, CRUSHED, SMASHED.
Choose which word you wish.
AMA,
Man, I would like to have some idea as to how Sheppard can get Global securities re-instated. This is worse than NNRI. He has to start at square one.
He cannot give the SEC any new BS. I think the assets will be going away to some place else. We will be lucky if we get any shares of the new company after our Global common are cancelled in the liquidation. JMO
Bat,
You must know who the losers are here. The scammers did not lose. The company, now non-trading, still exists and still owes Hicks a large sum. He will most likely find a way to collect regardless of the losses suffered by public share buyers..
Bat,
I'm sure all the shareholders that were hoping for better results share your enthusiastic response to the SEC action.
They all must have been no gooders with no guardian angel to watch over them as they threw hard earned money down a rat hole.
Hey AMA,
Global securities revoked today. Information I have is that Eurotech is still the licensor on the techs licensed to Global.
Eurotech may be a shell but is at least a trading shell. GBMR is kaput!!!!
AMA,
The IBox information is not correct. GBMR getting de-listed from the Pinks had nothing to do with Shep's incompetence. It was what Hicks wanted. I have no doubt that Hicks could have done whatever needed to cause filings to be done in 07 and 08 if he had chosen to do so. He would not sell his GBMR PFs and convertible prom notes to an outside lender because those disclosing filings would get done.
This company will become a shell but still controlled by Hicks. If he does not use another of his controlled companies to merge into GBMR, he will sell his control interest to someone like Belmont.
By this time, Global may have nothing. Even the technology license from EUOT or the outright patents rights may have already been transported by moving van to NanotechdIndustries. Inc.
I really feel fortunate that I now own shares in only two Hicks generated shells. Glad I got out of Markland. Holding a few TCNH but not many. TCNH may be the next to fall into the Greys...
AMA,
I agree that he has not done much for the shareholders since he seems to be Hicks' front man and has always done his bidding. However badly this has gone, I realy find it hard to come up with specific things Shep has done which would get him jail time.
I would really like for you to give me some specifics. Maybe I can contribute something in assistance.
I have not been wrong about EUO from day one. I accumulated 225K shares at .25 average prior to Nov, 02. My mistake was that I did not sell as many as I should have on the CRADA announcement when the sp spiked to .70.
Until someone proves different, the License and Exchange Agreement that licensed technologies to Global has legal standing. If that agreement has been aborgated by some hidden agreement between the parties, so be it. But failure by the CEOs of both companies to disclose any such action may be cause for a Class Action suit. I will soon learn from Belmont if the formal agreement from 3/27/2003 is still operable. If not, I will find out when it was made moot and by whom.
I don't think Hicks and Sheppard are afraid of anything. If so, they would have kept Global out of current situation. Don't you think so?
AMA33,
What charges could be made against Sheppard that would put him in jail? Who would make the charges?
This quasi blackmail crapola doesn't work really well. Huh?
"If you don't do this or that we will put you in jail." What a crock!!! JMO
yesbobber,
Your most likely assertion is very unlikely. The information provided in SEC filings was factual. It is very unlikely that officers of NNRI would have put any such false information in SEC filings as you may be suggesting.
It was not like information in a press release in which the originator hides behind a Safe Harbor statement.
Bat,
If the OS has been limited to near 400M, a 1 for 20 RS on the next restructuring will get the new OS down to 20M. Now the question is which other HIcks company can be merged into GBMR to make 20M OS good for awhile. That will be acceptable to me since my 2M stack would only drop to 100K of the new ones. How long will it take for Hicks to get this done?
I'm thinking Belmont will get some company into EUOT, do a 1 for 20 RS and bring that OS down to 5M. I'll be happy with that also. What will Belmont do with that license to Global?
My four sons may someday get something out this penny trip I took. I'll probably be long gone before my reduced holdings have any marketable value.
As far as Shep being in trouble, can he be charged with just being a dumbass follower of Hicks? Will he look back and wonder if he could have done something better in this life?
Bat,
A further comment on Naddell's inquiries with Borden/Hexion.
The discussions concerned a possile license or a toll manufacturing agreement. Since the license to Global was operable, Eurotech could only provide information to Global and EFM, which held the sub-license. Due to the legal action initiated by Global on behalf of Woodward, nothing materialized.
The unnecessary and useless lawsuit and counter served only to provide Woodward with a convertible prom note, further soured cooperation between Eurotech and Global, and caused extened delay for progress on HNIPU. More than two years after settlement of the lawsuits, EFM/NTI has finally arranged for manufacturing in Toronto.
This does not mean HNIPU has immense value but the applications done by Phazer does indicate HNIPU has some value. JMO