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Amazing. How Lame.
They try to say they are pulling out because of hostile investors. As if the few on I-Hub can push them around.
They are going to fill our wish to be 'tech' instead???
My wish is shareholder value and an increase in pps.
For 1000:1 each million is now a thousand.
The end of a dream.
GLTA IN GLGT
I like the link but they still have GLGT with a security and defense type stock description when reading below the video. GLTA
You might want to clarify why you think the price is holding well, (in what context? a PENNY?). I bought at a dime and more a share before the ore was being processed. I know of others at 80 cents, long before me.
Now we are shipping and being paid for it and can't squeak out over a penny. What is holding well? A penny?
GLTA
I've been a buyer since 11 cents, (less than a billion OS). I bought more all the way down to a penny, (several billion OS). At this point I just have to wait another year or two and I'm sure I will be bragging about how smart I was.
GLTA
A Bacterial remedy doesn't solve a viral problem.
Hopefully our remedies are bacterial and viral.
GLTA
Many of us here, waiting in the weeds, are excited about the new interest in GLGT, the new company, and of course the trading volume. I am looking forward to 5 or 6 cents and I think they have the potential.
Go GLGT, GLTA
I think I read he or his representative would do the tour on the 24th in the AM.
GLTA
I am not sure what your experience is with Mina and China mergers but I will tell you mine. I bought into GLCC, Good Life China, at a few pennies and Mina's expertise in the merger had it into the triple 0's, (O.000?). Although we were up today to 0.002
I hope we come out of it ok and I eat my words.
GLTA
I was with GLCC, (still am..I hold lots of worthless shares),
and I remember many posters talking about their expected Divi's and others saying not to expect them based on past experience. It never happened, at least not in tradable shares. Mona has not been good for anyone I know or stock I have been in, and there have been a few.
But of course I hope it is different here, this time around, right?
GLTA
I'm getting dizzy. You guys/gals are giving me hope then taking it away.
As I said in the past, I will wait it out.
GLTA
Thanks for the info.
I only hope we are not diluted by too many multiples.
GLTA
That has been my experience in the past.
For what its worth I put up my remaining resources to another 'penny' that has a $100 million state of the art mining plant and $billions in the ground of proven reserves.
It is my next play. It is in a soft start, ready to start full production and when revenues are announced I think it will not be available for a penny or two.
Not a good share structure at almost 4 billion shares.
Symbol..CPRK website..WUCCOMPANY.COM
GOOD VIDEO on InvestorHub cprk.
most valuable penny stock I have seen.
AMHO,, GLTA
yes please, give up some news.
glta
I imagine if they reverse split the 75 million (or so) shares outstanding by 1 for 10 then we would represent 7 1/2 million shares. They can come up with 90 million shares for the new company. They can find the controlling interest in that 90 million. All the existing shares then only represent less than 10%.
I don't know whats going to happen but this is one of many logical options. No need for a vote from us. We will be a small % just like would have happened with the previous attempt, (SW).
IMHO of course
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I check here most days but have nothing to add.
Only 4 posters in the last week, (now I am 5).
I bet most are still checking but not much to discuss till we hear how we stand from the new company. Will our shares be 5 or 10 percent of the new company. Will we go through a 10 or 20 to 1 reverse split to get there, (or worse).
I ponder all these things but it is not based on facts or information so I really have nothing to add.
Still hope for the best but my hands are tied, can't even exit anymore.
There are probably many readers, just no new information.
GLTA
Good for you.. we do like success stories.
lets get some more success going here.
GLTA
Well, thank you then. I did not realize you meant it changed to 'pink or pk' status in December 07. (your previous post never mentioned .pk)
Your post states,
"according to tdameritrades reorganizations department glgt went from otcbb to otc on december 24,2007"
I did not realize all 'otc' are pink. The pink sheet stocks I know of have .pk with there listing. As in OTC or OTC.bb or OTC.bb.pink.
If I read you correctly otc is a downgrade to the pinks from otcbb, (I didn't know that).
I appreciate the response but it doesn't answer the question.
When did GLGT go pink. When I look at the April 08 PR of SW/GLGT merger it was already pink, (before SW got involved).
Jimmy said he remembered it going pink before SW. So SW did not get us there, it just kept us there.
So you saying it went pink between the December 07 you mention and the April 08 PR.
On the Limit order GTC.. Scottrade said it would be a new order, (fee), each day till completed. But only one fee per day no matter how many fillS per day.
I know there are others who count it as one trade even overlapping days.
GLTA
I think EXPLODE is what he meant.
'Blow up' does suggest the opposite to most.
GLTA
Ok, I will give in that you are more right about it than I.
The trouble is... now I have just relinquished my shares and $ to be worth zero or close to it. That is something I resisted. I certainly don't want to admit I invested in a failure, (Its one thing I guess to fail but another to be taken. No one would want to find out they invested in an oil well after it was already known to be a dry hole, .. and somebody sold their worthless shares to you.)
I will give it to your position but therefore have no hope left for my part of GLGT. Not your fault of course.
GLGA
So he did not get us there, but he kept us there. I remember the PR's that we were doing the paperwork to get off the Pinks, etc., & etc..
So the pre-SW GLGT was a reporting one, with reported share structure. No revenues, no prospect for revenues and 50 million shares OS. Easy to report and easy to understand.
Then after SW comes in the OS shares are reported as 93 or 98 million. I remember all the talk of Reed and SW giving themselves shares and diluting us etc. As it turns out it was the GLGT Management trying to rob the treasury going out the door. Reed did get 23 million of those cancelled but they had already sold about that many to us, the unsuspecting GLGT supporters.
I can't throw stones yet since I don't know all the facts and so far Reed has been blamed for everything. Blamed for taking us to the pinks, not so. Blammed for the increase in shares of GLGT, not so. But, properly blammed for his stuff.
He should have kept us more up to date on what was going on. Maybe he couldn't individually but at least more through IR or something. I don't think the hostility of this board helped although it shouldn't be a deciding factor for a company. Now, we have been set off to drift. I don't like it.
I guess it is just setting in that the GLGT investment is doomed, no idea about the next take over company.
GLTA
I do want to know the facts as we learn them. One painful truth is the value of our investment, (in the toilet), and that is a fact as of today. Can it improve?
I do want an accounting of what happened, at least the major details. Most of us felt good about it at one time and there was a reason for that, (or all false).
I did ask you once at what date did GLGT go pink, (since you say Reed drove it there). Several posts back when we discussed it I posted the date of the first SW announcement of coming on board and GLGT was already listed as a pink the first time the sale was mentioned to SW.(I think April 08). That is why I have held out that it wasn't Reed who took them to the pinks, it was he who bought a pink and tried to work with it. (I only want to fault him for what is his). I think its wrong to say its all his fault because GLGT was a pink and I think the management tried to fraud him in the sale by taking millions of shares and not disclosing debt and etc.
He would do well by getting his story out if it is all true.
I'm not here to Praise him or Bury him, I want the facts and work with them.
When did GLGT GO PINK. Was he doomed from the start with a bad apple or did he add to its problems or is it all his fault. Time will tell all I hope.
For now I want to encourage the new company to treat us well and for them to prosper, (as it helps us as well).
Just waiting it out, GLTA
I'm not saying what part is right or wrong since I DON'T KNOW.
If Bob Reed/SW did not actually buy GLGT because the previous management did not really own a significant % of it then Bob Reed was duped/lied to from the start. It sounds like the debt would be easily hidden if fraud were involved against him. It is made to sound like he pulled out of the deal to screw us over but earlier it was said he couldn't actually buy it because the sellers did not own it.
How convoluted is this. Was he up front with the debt finally uncovered when negotiating with the potential new company???? Sounds like he was.
I don't know what to think about it but this appeared doomed before it started. I have/had the impression that Bob Reed/SW had a sincere effort in this thing. I have heard too much spin on every detail much of which was incorrect.
However, good find SoCal doc on the Norman Reed paperwork. That has been a debate since the beginning. We were led to believe Norman had no part or a small part in this thing.
Still don't know what to think, glad to hear the deal is still being considered. (But how can it be sold to them by Reed if it wasn't sold to Reed??)???
Again, all just mho, GLTA
I read the board for information from others. Sometimes I comment on info discussed but not much info comes from me and it seem not much from the message board as a whole. Some people find info and share it and we discuss it but besides the court deal we don't have much lately.
The whole time I was buying millions of shares I was promoting it to friends and family. I did not realize some of them were buying millions as well. There was discussion/spin of the insiders knowing something. I think that has proven to be wrong, no insider buying.
I think the 40+ million shares taken by the previous management at the sale, (of which 23 million were eventually cancelled), were what held the share price low at about a penny while they sold them for the cash.
There was spin that it was insiders holding the price down just to get more. It seems too many shares available at any price was the real reason.
Obviously it was all someones opinion and not the truth at all. It was just a lot of us unimformed buyers doing the buying on the hope and expectation that SmartWear/GLGT was working out.
Whatever happened was discussed and spun in all directions.
I certainly hope something works out with this new 'take over' company, (or the next one). I am just too frustrated with my shares, anybody want them???
All my opinion of course, Good Luck To All
I understand your sentiment.
No flaw in the theory. Just doesn't apply here yet, as you say, since we are still waiting for production. I did take that into account, my last words were, "start the mill".
I too am disappointed but have high hopes.
GLTA
Let's not make this a bigger deal than what it was.
If MD offered to bring someone down, (skeptic or not) to show him the operation, it doesn't automatically mean it was with company funds. Maybe MD was willing to pay out of his own personal pocket for his own reasons.
We should not assume it was an offer to use company funds. There was an offer and a decline of the offer between those two individuals. Don't make any bigger deal out of the offer or the decline of the offer. Enough said on that.
However, here is a good little piece from a newletter about the advantage of owning the mining stock for its value verses the physical metal.
"Any company producing a commodity has a roughly fixed cost of production. Consider copper as an example. If a company can mine copper for $1 a pound, and its price is $2, it can earn a $1 profit for each pound it sells. But if copper rallies 50% to $3, this company’s profits don’t just march up 50% with copper. Instead they double. Still producing at $1 yet selling at $3 yields a $2 profit, twice as high. Thanks to this accelerating profits leverage, profits for producing rise far faster than underlying commodities prices."
Lets hope for continued support in copper prices and lets start the mill!!!!!!!
GLTA
Good find, Where did you come up with such info????
But, doesn't one assume a new company honors old contracts unless it is a bankrupcy take over??? (unless wen buying the company previous deals were 'set aside' as part of the purchase.)
The new web site, in todays news.
At least it describes their intentions a little.
http://www.glgt-corporate.com/
GLTA
Edit... I see you already had it a few posts back
I got ya, I had missed that part.
Resource stocks, natural resources with minerals in particular, (some think crops), will have increasing value in the future.
Once it is 'proven reserves' in the ground, (and it sounds like it will be big), then add production, and then I am glad to be here.
I think smart $ is moving toward mines of all types, (hard assests will be superior).
I have several mining stocks but this appears to have the most promise if we can start production without adding more shares.
IMO of course..... GLTA
If somebody buys GLGT to go public, (get a traded symbol like SW did), then it wouldn't be 'Hard to Treat Diseases' 'HTDS' since they have a symbol and are publicly traded.
They wouldn't need us. There must be something else to it or someone else doing the buying.
(I'm just thinking out loud).
It doesn't make sense for that Pinkie to buy this Pinkie, unless I am missing something.
GLTA & GLTM
Good of Toyopia to mention the error with the company name and etc. Shows how the mis-information gets started and spread and how it grows. You were right, Panic is an option.
I have millions of common GLGT and friends and family with millions more at my recommendation. I did call the company about shares available when ADTI was teaming up as a merger. I believe they had some ADTI for sale in the merger (probably would be the Preferred) --(SmartWear was done but interest in ADTI was available which I believed would all eventually be the same shares in the merger, ADTI/SW)
I am all in, as much as I am going to be, they had minimums. I think they were suggesting $50k, they may have accepted less if I pursued it but I did not. They said it helps to have more investors. I think they were still planning on going to a better stock exchange at that time, (more investors is a bonus).
I'm not sure if ADTI shares are out or if they would be any different than SW in the big picture. But I remember SW had sold out its funding goal. ADTI was new to us at the time, (private company joining us).
I am really suprised about the new twist with the foreign company and etc.
I can't believe fraud was intended from the beginning. I gotta believe they were trying to progress as they suggested.
For them to change direction on a dime, (seems quick to me), away from GLGT, I gotta think something unforseen changed.
Market bad??, &/or great offer from the 'other firm'???, &/or trouble with GLGT itself???? I hope we get a clear picture soon.
Did anybody look into Private Placement shares available after SW came on the scene. ADTI became available at a dollar a share if I remember correctly. But, if preferred shares are at a buck apiece and no decision has been made if they are worth 10-20-50 or 100 share of common then average Joe would choose to buy common at about a penny. If common suffered a RS of less than 100 to 1 then they seemed a better deal. I'm sure the idea was for common to be 10 cents or more a share before a favorable RS so everyone could be happy.
Now it looks like it never going to happen that way. But that is how I perceived it to happen. I still can't believe fraud from day one. Something else happened. You know my feeling, I think GLGT shafted us in the handoff. I know most don't agree. I'm eager to get all the facts, (if possible).
GLTA AND GLTM
You guys know more about it than I do.
However, the one question I asked was when did GLGT go Pink.
Even in the April 10, 2008 PR for the "signing" GLGT was listed as a Pink. (otc:glgt.PK) (Part of what you posted copied below).
I understand the PK to mean Pink Sheet
MIAMI, FL--(MARKET WIRE)--Apr 10, 2008 -- Global General Technologies, Inc. (Other OTC:GLGT.PK - News)
It might not change the other facts or problems you describe but it was already a Pinkie. They may file some paperwork but they were not fully reporting and I believe did a lot to hurt the deal before they handed it over.
I am hurt that the deal is going sour but I don't yet feel like it was mostly SW. I have been wrong before and been screwed over before but I think the intentions started out well. I wish I knew when that changed because now we are stuck in the hand off.
Jimmy, I've seen you write many times this was not a pink till SW made it one.
When did it go pink???? I'm sure it was a Pinkie when I started buying and that was before the SW deal went through. Similar to Doc, I bought when I heard SW was taking over in anticipation it would add value. But I remember it as Pink before SW.
Let me know if I am wrong.
GL GL GL
There is the big question Dr.
Was it lack of DD by Reed/SW ???
Or was it Fraud by GLGT management to Reed/SW???
Either explains the accouinting delays and trouble.
I've been too big a proponent of SW/GLGT to turn sour fast, but it is frustrating and costly.
I hope all becomes clear or the stock price recovers high enough so I don't care, (with the new deal). SW must have a good handle on it by now or it would not be in the middle of the other deals with AppDig and etc. It would be too convoluted with out the accounting dept. keeping things straight.
Don't know what to do but wait.
GLTA AND GLTM
I know hope is not an investment plan. However, I still hope to see volume and price support so I can recover some and move on. I have one last 'pinky' with promise. A copper mine going into production, (CPRK). I just don't like share structures with a billion or more shares. You know there will be a RS before any move to another exchange and etc.
I don't know what I know anymore about this SW/GLGT deal.
After this new twist I will see the value/price and
'make whole' those friends and family I lured in here, (not to this board but to the shares). I don't think I have enough $ to cover everyone since they got so over zealous on my excitement about the company's prospects. First time I recommended stocks to family, and last.
GLTA AND GLTM ( i like the GLTM slogan, thanks KR)
Doc, is this the company you speak of???? HTDS
it is on Investors Hub as well.
5 Billion shares authorized, 1 1/4 Billion shares OS
877 thousand shares in the float, 11 employees
1100 shareholders
-----------------------------------------------
Created: 12/18/2003 3:16:21 PM Board type: Free
HTDS — Hard to Treat Diseases, Inc. - Business Description
The company operates 2 medical subsidiaries in Serbia, Europe and Mainland China
HTDS is a parent co with operations in a East European medical company (Serbia) Slavica Bio Chem Co (formerly ReNuYu Biochmem PLC and ReNuYu Biochem Inc) see: (www.slavicabiochem.com) and in China Mellow Hope.
In Serbia the company's primary focus involves the enhancement and modification of existing approved drugs such as "Virazole" for the purpose of chemical repair of damage to the CNS (central nervous system), MS (Multiple Sclerosis), SARS, Hepatitis C and HIV. Other interests include an on line cosmetics company.
Mellow Hope is China based and the biggest exporter of Biological Vaccines in China. It has a product line that encompasses vaccines for influenza, tetanus, diphtheria and other diseases; Blood based products including human rabies immunoglobulin; and active pharmaceutical ingredient (or APIs) for injection such as celestat in.
Hard To Treat Diseases (HTDS) Corporate Update
TORONTO, Dec 29, 2008 /PRNewswire-FirstCall via COMTEX/ -- Hard to Treat Diseases (HTDS) www.htdsmedical.com (site under construction) is pleased to announce that it has appointed a new interim management. In addition the company has identified a suitable merger operating candidate. The merger candidate is a China based bio chemical company.
As well, the company in the unlikely event of a non completion with the China based medical company is also continuing its negotiations with an East European medical company whose primary focus involves the enhancement and modification of existing approved drugs such as "Virazole" for the purpose of chemical repair of damage to the CNS (central nervous system), MS (Multiple Sclerosis), SARS, Hepatitis C and HIV.
Mr. Keith Roberts the company's interim CEO said "We are looking in all directions for the best opportunities. Our stock is at the lowest price possible and we are resisting all suggestions of any stock splits. We believe that as a Pink Sheet company we can provide the lift to HTDS that will give our shareholders the best return. The China company seems to be the most appealing and possibly may offer the biggest growth however we are not discounting the opportunity with the Europe medical company. It may very well be that we end up with both operating companies. We expect to be able to close either one or both of these deals in the first quarter of 2009".
The company will provide further details as they become available.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.
CONTACT: corporate@htdsmedical.com
Hard To Treat Diseases (HTDS) Operational Update
TORONTO, Dec 30, 2008 /PRNewswire-FirstCall via COMTEX/ -- Hard to Treat Diseases (HTDS) www.htdsmedical.com (temporary site up awaiting new website construction) is pleased to announce that it has registered with Pink Sheets for its back office services. The company will begin updating all the information including updating last 2 years financial statements. The company believes that this should improve its ranking to a "Yield" rank from the current "STOP" no information once all the information is submitted and approved by Pink Sheets within the next few days.
The interim management will launched a temporary web site on www.htdsmedical.com. This is a generic web site that is currently being updated.
The company management or its agents plan on visiting the East European and China based medical companies to close the planned merger in January 2009.
Mr. Keith Roberts the company's interim CEO said "In addition to these 2 primary operating companies we also plan on acquiring several small cosmetics type companies as well. This is something that has been in the works for a while."
The company will provide further details as they become available.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.
CONTACT: corporate@htdsmedical.com
SOURCE Hard to Treat Diseases
Company Officers
Keith Roberts, Interim CEO, CFO
Ivana Crnomarkovic, COO, Europe, COO, Manuf. Ops.
Cathy Zhao, Chief Admin. Officer
Andrea Zecevic-Rubio, Chief Project Scientist, Director, R&D
Number of Employees
11 as of Dec 30, 2008
-------------------------------------------
Estimated Market Cap
$376,336 as of Dec 31, 2008
Outstanding Shares
1,254,453,000 as of Dec 30, 2008
Authorized Shares
5,000,000,000 as of Dec 30, 2008
Number of Share Holders of Record
1,155 as of Dec 30, 2008
Float
877,644,354 as of Dec 30, 2008
-------------------------------------------
Contact Information
Hard to Treat Diseases, Inc.
2007 Shenzhen Mellow Hope Pharm
Room E-F, 12/F, Jinrun Mansion
No.6019 Shennan Blvd
Shenzen 518040
China
http://www.mellowhope.com
Phone: 1-339-368-6079
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