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It's right there in the SEC's own language, on their own website, in their own notice.
Adequacy only.
Not mention of accuracy at all, period, not there.
However, all the OTHER companies DO have "adequacy and accuracy" mentioned. Wow, amazing.
Nope, it's no coincidence.
I choose take the SEC at their own word.
GLTA...GTGP
Good recap! As has been completely confirmed, this can (and should) just continut right on gaining on the grey. Not sure how long until we move to the NASDAQ but the PPS can grow without limit here. Given the universal demand for shares, we will do well.
GLTA!
Excellent summary there. The SEC took great care to single out GTGP for adequacy only. The suggestion that the SEC does not communicate with companies concerning what is needed is an absolute JOKE. It happens every single day. The SEC does not simply suspend a company, no matter how big or small the reason, then refuses to communicate with the company. GTGP has been in contact, knows what it needs, and gets to work on it all while closing the other deals.
With close involvement of DOE/EPA, this gets fast-tracked I'll bet. The government wants GTGP's services. Watch...
GLTA...GTGP
Umm yes they do, that's EXACTLY what the SEC suspended them for ! Duh.
Wish I'd have seen that remark first hand! lol
GLTA...GTGP
Quote:
------------------------------------------------------------------
Companies do NOT get suspended by the SEC for being behind in paperwork
------------------------------------------------------------------
Sure they do, thats why GTGP was cited for adequecy issues
File the FINS
and WE ARE GOLDEN
Wow, Jim Falacaro deserves a round of applause!!!
No filings because there was no income. GTGP was probably entitled to take quite a bit of deductions in operating expenses though, obviously at a loss, and at the expense of the taxpayers.
Jim obviously opted not to do that.
Now THAT is a truly selfless, noble gesture and all American taxpayers should stand up and applaud him for it!!!
Now with all the developments and hundreds of millions that are to follow I'm sure filings won't be an issue moving forward.
Isn't there a Presidential Medal or something for such selfless acts? Time to enter a nomination...
GLTA...GTGP!!
It's called vindication! And GTGP will have a ton of it.
Congrats to all who currently hold or are lucky enough to grab any shares before it takes off. Then again, probably a big gap up coming on Monday...
GLTA...GTGP
Indeed, we have only to thanks GTGP, but, can that same link be used to file actual complaints that actually have merit behind them? I have an idea...
Thanks in advance and GLTA!
Please post the information on how to thank GTGP for holding steadfast to the truth, for powering through diversity, and for setting up all current shareholders to be wealthy beyond our dreams. Please post that info, it will be much more heavily used.
GLTA...GTGP
Lucky you are correct!
Oh there's a good reason for that.
GLTA...GTGP!
Couldn't be any more true than that!
GLTA...GTGP
THE SEC ITSELF SAID IT!!!!!
ADEQUACY ONLY
You are exactly right. Why is this even still a debate? Oh, because nothing else is sticking. All facts & logic support GTGP.
GLTA...
I've got some nets out there as well. Hard to imagine any selling of this stock but hey I'll take advantage of it also...
GLTA...GTGP
That would be nice but I just don't think we'll be able to get shares that low. I think .45 is nothing but a dream. I see it opening at $1 and only going up from there. Just too many buyers, too many holders, and no reason to sell.
GLTA...GTGP
Bloody Monday for shorters for sure...good luck though!
Shareholders will be bathing in green as if it was St Patty's Day!
GLTA...GTGP
Well it is getting close to halloween you know. Stores have costumes, decorations and other trinkets available this time of year.
GTGP launch countdown is ticking...3 days and 15 minutes from now!!!!!
GLTA...
Now THAT is an extremely noble gesture! I will consider matching that offer, $2 PPS for a small block (size to be determined), to help the shorters minimize their losses also. I'll first need to check with my accountant to see if I can deduct the gains I'll eventually lose on those shares as a deductible charitable donation of some kind.
There is goodness in every situation, and now for shorters we may have found it...
GLTA...GTGP
I'm certainly not giving up any % of paper gains just so they can be bought up and gained by someone else either. In fact, I'll be competing with you for any shares that are shaken lose, sorry! :)
GLTA...GTGP
Smart CEOs man (or woman!) up, admit mistakes, make amends as needed, and move on, continuing his campaign of outstanding business developments and returning incredible value for his shareholders!
That's what GTGP has in its CEO fortunately...
GLTA...GTGP
Yep, he offered them a world of evidence, documents, anything & everything. Who does that? Oh yeah, an HONEST person does that.
The evidence is stacked in GTGP's favor...
GLTA...GTGP
Global Technologies Group, Inc. Letter to the Shareholders
9:43 PM ET 9/18/12 | Marketwire
Global Technologies Group, Inc. (PINKSHEETS: GTGP)
A Letter to the shareholders
I have taken the time over the last two days to confirm with both the SEC in Washington and the SEC Enforcement Division Miami the reason for the suspension, which I believed was the case. This is what I was told in answer to my questions. First, there was no Wells notice issued or sent to either me personally, the company or my attorneys. That would have meant they wanted to receive information from the company unrelated to the financials. Second, it was verified by them that the statement for the suspension for ten days was for the financial information needed only to comply with the reporting company regulations stemming from errors made in 2007 and to the present 10Q. When I asked them if they needed any other support documents or exhibits from the company or anything at all they said all that is needed is the financial information to be filed on EDGAR.
Since the suspension, we have received many emails and phone calls and I have tried to speak to as many shareholders as possible as to why we didn't state something earlier. Again, I wanted SEC verification directly from them before I made any statements.
I understand the frustration, anger and fear that all of the shareholders feel and I would feel the same way if I was in that position. People invested in this company with a belief that this was an investment they wanted to make and in some cases invested most of what they had in hopes of taking care of their families and ensure that their children, with their parents' investment on their behalf, would have a safety net for the future and also be a prudent decision for them all.
I am deeply distressed more for the shareholders than for me personally or the company and am not going to point fingers at what I have been hearing from quite a few conversations with the shareholders that it was the shorts or bashers or some grand scheme by some folks with an agenda. I am the President of this company and I take full responsibility for this event.
I told SEC enforcement we will comply and unlike several companies coming out immediately and saying they will challenge the SEC decision regarding their suspension. I believe the reasons for the suspension stated for them were questionable PRs, contracts etc. We were not included in that category.
As far as the company is concerned, this suspension has zero effect on the business of the company, the acquisition, cement plant, Oakridge or the DOE. They are all aware of it and have no problem continuing on with Global or me. We will have future information on all of the above and will put out releases and 8Ks as is our normal procedure. We are not precluded from that as well.
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.
Global Technologies Group, Inc. (GLOBAL) is a company that is in the business of acquiring exclusive licenses and distribution and reseller contracts on proven technologies in the environmental, green and war fighter industries. The criteria for the licensing or distribution agreements of the technologies are: they must be proven, validated and in use. The business plan of Global is to sublicense the technologies it acquires to companies in Countries covered under the original license grants and for its own use. For our exclusive distribution and reseller agreements, we partner with appropriate representatives in the covered countries for resale of turn key projects. Our current licensors are MSE Technology Applications, Inc., M2Polymer Technologies Inc. and Solucorp Industries LTD., which are the patent owners.
Contact:
JAMES FALLACARO
Email Contact
941-685-1616
WWW.GLBTECH.COM
SOURCE: Global Technologies Group, Inc.
http://www2.marketwire.com/mw/emailprcntct?id=AEA996B8EDDF3660
http://www.glbtech.com/
Suspension ends tonight, midnight I believe. Buying resumes Monday. GTGP released a very bold, very public statement last week. You can see it up in the stickies above you or just go to their website.
Other companies that stayed silent probably because they really had nothing they could say...lol
GLTU!
It's been really easy to speak positively about GTGP; the facts, the evidence, the DD all supports positive outlooks. You have nothing to fear when the truth is in your corner.
My bad, the SEC wants some filings caught up with. GTGP's CEO stands up like a real man and admits it, gets a list from the SEC of what is needed, sets right to work on it. As a youngster I had my library card suspended because I was really overdue returning a book. Guess what happened? I returned the book and the suspension was lifted.
I've always conceded that ANYTHING could happen next. This is true in investing and in life. The DD could change overnight. But so far it hasn't, in fact the DD has only gotten stronger. Thus, so far the only reasonable, realistic, most probable scenario here is a string of developments which vindicates honest, truthful shareholders and the company alike.
GLTA...GTGP!
Fortunately, the truth about GTGP is very much as positive as is being discussed along with a ton of great DD. Closing with MSE appears imminent if not already done. Certainly there is hundreds of millions in revenue coming.
Monday is going to be a party for the longs, and ugly for the shorters.
Just the way it's gonna be!
GLTA...GTGP!
Tech, I applaud your steadfast effort to explain and uncover the truth about GTGP!
The truth, the whole truth, and nothing but the truth is on GTGP's side.
GLTA!!
Obviously then one can very easily say the opposite:
Shorters won't enjoy the cold hard dose of reality they will receive next week when GTGP takes off.
Shareholders who sold will remember those who who intentionally misled them about the prospects for the so-called (but completely unproven) "scam", and then persuaded them to sell for pennies on the dollar so they could cover and even then loaded for the big run that was imminent, all at the expense of honest, hardworking people who sold out after being scared off and lied to by GTGP shorters.
Expect civil and criminal cases to follow against shorters.
With the level of deliberate deceit being perpetrated on GTGP shareholders by shorters, it's a hard rain that's gonna fall.
The difference here is, supporters have the truth on their side, GTGP competition does not. The truth, the whole truth, and nothing but the truth!
Glad I'm on the good side...GTGP shareholders seeking the truth!
GLTA!!
Given the hundreds of millions in contracts GTGP will be pulling in, as a shareholder I have no issue whatsoever with management being compensated accordingly for their excellent work!
Good find, thanks!
GLTA...GTGP!
Indeed. It's going to be a long but fun weekend for GTGP shareholders!
GLTA...GTGP
CORRECT!
Not sure how this could be confused unintentionally???
This process is already in progress, more evidence.
GTGP opens at maybe a buck if not a whole lot more...
GLTA...GTGP
WOW!! GTGP goes from zero revenues to hundreds of millions (or more) in revs with all the new contracts and developments:
MSE
MBS
Ash Grove
Oak Ridge
EPA/DOE Benchmark
DoD
India
China
And much more!
Thanks for pointing out how this true rags to riches story of an awesome company!!
GLTA....GTGP
Well if you want an example of a real company, look at GTGP.
If you want an example of a scam, sorry have to look elsewhere for one.
This paper would grade an A+ with high marks for accuracy & honesty!
GLTA...GTGP
Makes sense, there is going to be a LOT of demand for shares with not many available...
GLTA!
Did you see my reply? Great minds think alike... ;)
GLTA...GTGP
It's ok! You made a mistake, that's all. Glad you can see that now. Yes Jim made a mistake too, who hasn't? He knows what is coming so he probably just felt it'll all be squared away when he's got everything wrapped up and an entire firm of accounts & lawyers under him. The important thing is Gobal is working with the SEC to get the fins squared away meanwhile the company is full steam ahead with the full realm of developments that is going to send GTGP flying regardless of what market or exchange it's on temporarily here.
PS. No worries, all is forgiven, now let's keep the light on while Jim delivers key to launch this rocket!
GLTA...GTGP!!!
I'm thinking 50/50 Friday or Monday pre-market...
GLTA...GTGP
GTGP opens at a buck and depending on news or not it either flutters around a buck or just takes off...flip a quarter because it sure isn't opening anywhere as low as one...
GLTA...GTGP
Thanks also to all of his supporters for ensuring the truth stays center stage in the world of DD!
GLTA...GTGP