Share swaps don't take place on the open market.

Well...I am out. Sorry guys but I really thought there might be something great going on here. The company won't reply to my requests for any information (by email or phone) and as much as you or I have to admit, the last two days of trading activity is clearly dilution. If it is not the company directly then, since their fins are not 100% up-to-date there is a good chance it is some sort of convertible being cashed in.

GLTUA...I hope I am reading it wrong and this thing takes off for everybody!

OK, so I did a little research on the name shown on other PRs "VX Partners Global Technologies, Ltd." and this is what is happening.

Below is the "About" paragraph of most of the PRs you see out there. I have copied the text from some of these PRs and when I paste it into a text editor, the paragraph after "About Global Technologies/VX Partners" starting with "Global Technologies" ends up being moved up to begin right after the heading. See before and after...

Before:
About Global Technologies/VX Partners
Global Technologies, Ltd. (GTL) is a technology portfolio company that acquires technology assets to enhance their growth and development. The company builds revenues and asset value through a model of developmental and acquisition growth. The company receives income from, or sale of, its portfolio holdings or technology licensing agreements.


After:
About Global Technologies/VX Partners Global Technologies, Ltd. (GTL) is a technology portfolio company that acquires technology assets to enhance their growth and development. The company builds revenues and asset value through a model of developmental and acquisition growth. The company receives income from, or sale of, its portfolio holdings or technology licensing agreements.

So, there is no reference to an entity called "VX Partners Global Technologies, Ltd." It is simply a formatting issue.

I can only argue that my statement does not confirm VX does not exist as much as you can't confirm that it does not.

The rest of your comment...interesting...I will look into that, thanks.

Honestly, while it would be nice, I don't think that we will realistically get any news that would make this run 1,000%. I don't even see much here that will take this to "penny-land" as a few positive thinkers here say. Until and if we see audited financials, a clearly defined business plan and some verifiable sales activity, we might see this run to and stay above $0.0020. With verifiable activity, who knows where this could go.

Very interesting.

Of all the press releases that I have read on InvestorsHub and QuoteStream, this is the firs time I see the "About" heading show the company name as "VX Partners Global Technologies Ltd." Let me spend some time researching that name.

Totally agree...and you are absolutely doing the right thing illuminating the involvement of an individual in a stock promotion who has previously committed some wrong-doing. But again, the disclosure notice says that none of the Directors have been involved in any legal proceedings...other than the circumstantial information from posts that outline other stocks that have involved an Anthony Welch who was involved in other legal proceedings, what proof is there that this is the same Anthony Welch?

You are correct EarnestDD...I have no proof that it exists other than the news releases that say it does which seems to me to be far more than the proof you have that it does not exist...wouldn't you say?

The declaration in the disclosure is not that he wasn't convicted, it was that he wasn't involved in any proceedings period.

True...I don't know much about him...there are certainly many Google refernces to an "Anthony Welch" who seems to have been far less than an honest person, however, it is not clear that this is the same Anthony Welch and the "Initial Company Information and Disclosure Statement" (http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=43891) indicates on page 18 that none of their "...directors, executive officers or persons that may be deemed promoters is currently or have been involved in any legal proceeding..."

This is of course if you are assuming this document is legitimate.

I have been researching this as much as I possibly feel is worth doing for this particular stock and, as many on this board will attest to, there is not much to be found.

For what it's worth, this is what I have been able to scrape together and I will admit much of it is theory based on current known information...you know...the "known knowns..."

So, everybody has been trying to find this "VX Partners" company and nobody has been able to find it other than references to it on the businessweek.com site (http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=118246620) being based in the UK. It is referenced as "private technology holding partnership" which could literally be a group of investors. What I still have not been able to determine is the reference to $6 mil in revenues...the $15mil in assets could be their holdings (as they stated).

When they announced the merger (http://ih.advfn.com/p.php?pid=nmona&article=45989705) they noted that all VX Partners executive would be put in place of GTLL's management team. This may indicate that the investors (VX Partners) are taking over GTLL as an easy means to go public without the red-tape of traditional listing procedures...especially from overseas. If this is true, then it has to be reported as GTLL acquiring VX Partners as this is what it will say on paper in order to be able to use the GTLL listing to go public. If any of this holds water, then GTLL will change its name to VX Partners.

Now for the technology. What is strange is the way they refer to it as "branding" the technology. They call it new technology but there are companies that already have this technology and they allow others to "re-brand" the technology as their own and re-sell it (sort of like the goDaddy reseller program where you can appear to be a domain name registrar and site hosting company but really the back-end is goDaddy). The providers I found which seem to fit what GTLL is referring to are KitDigital (http://kitd.com/vx-platform/vx-media-suite/) which, strangely enough has a VX Platform of tools for social media...it indicates that it is for video but there are several additional "add-on" tools that can be used to have it behave like a social media site.

The other is Cambrian House (http://www.cambrianhouse.com/) which has a crowd sourcing technology that can be re-branded too.

At this point, without concrete disclosure of information, this could really go either way. Either there is a serious player entering the US market and using GTLL as an established conduit or GTLL is making a last-ditch effort to use existing technology and re-branding it as their own in an effort to appear like they are moving in a different direction and/or dilute the rest of their shares to extract whatever they can before the company is disolved.

This could be an interesting play as they begin to release additional information in the near future because we have seen how this thing moves on "relatively" low volume. If this turns out to be the later, since they reported they will not do a Reverse Split, the merger will be a stock swap not affecting common shares, and there are significant revenues and assets at play here we could see a doozie of a runner.

Just like all of these OTC stocks, they are highly speculative and more times than not they turn South so beware. AIMHO

Anybody else find it interesting NITE moved to 8?

Ummm...when did you buy at $2.90?? 'cause, I'd sell you mine for a penny!!! I guess you must have gotten caught in those last couple of RSs?

Really nice bid support.

I am not going to say the "D" word but it sure looks like somebody has been trying to cover month-end bills for the past three months!

Just a shake...this thing moves like crazy, volitle mind you, but were in OTC world!

ISIM: WOW, those were comparably huge blocks at 8, was that you guys or something else?

You have been a member of this board since 2006 and you still find it hard to believe? I am not the least bit surprised. Doesn't mean I wasn't stupid/greedy enough to hold after touching 13s but not surprised none-the-less.

Cute... It's interesting...ISIM, on similar and less volume, the PPS is pulled into the 6s and 7s only to see it quickly jump into the double zeros for a few days. Hmmm...

SO what's the reply/response say?

OK...somebody did that just to piss you off didn't they!

...and...we're off like a herd of turtles!

How can you say the float is locked when there only buyers left when we are no bid? If the float was locked we would see a higher ask.

Sure hope so...so far in the past couple of months, many of my plays that looked as good as this one have handed my a$$ to me. That might say more about my ability to pick plays than it does about playing ISIM, but, nonetheless....

FINRA hasn't approved it because FINRA does not have to approve share buy-backs. That is why I called it a "pseudo RS."

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56091788

Have I said something so terrible that I am on ignore?

This is a good time for you to average down then...isn't it?

I respectfully disagree...all shares will be reduced by a factor of 100 by Monday and the only difference with this "pseudo RS" is that the market price will not be adjusted immediately...it will be adjusted as the stock sells based on the supply and demand...that's it.

The announcement does say "...any shareholders prior to the announcement..." but all of us on this board who have purchased shares via online trading or other brokers are not the "shareholders of record"...we are merely buying and selling the existing shares purchased prior to October 1, 2010 from the "shareholders of record" and over the weekend the "automatic" exchange of shares for debentures kicks in (which is what the MMs are waiting for...they aren't going to go through the hassle of contacting the TA and doing it, they will wait and trade them on the open market until which is why we had such huge volume earlier this week and we are down to no bid now.

Further, when they say "Any shareholders that own shares prior to the announcement..." what they are saying is that this won't affect any shares "issued and sold" after October 1st. As the company has stated, they have not issued any shares since the "buy back" so there are no newly issued shares that have been sold. They will issue and sell those shares when the share price better reflects the new share structure, and then they dilute again to keep operations afloat.

I hope I don't get labeled a basher 'cause if you read my posts that is not my MO.

I sure hope so 'cause I been finding the "bottom load-up" all week!

This is amazing...the PPS goes from $0.048 to $0.053 a 10% increase with a mil and a half in volume and not a word! Holly crap! Something is happening!

No more buyers.

I agree that something odd is going on and it is not clear what.

I have a thought about all of this. I noticed that the company's last PR warns "...shareholders that are trading the stock should be prudent." If we are not at risk, why the warning?

I hold a position here (not a large one mind you) so I hope this won't be perceived as bashing or containing an ulterior motive.

I think it is probable that since each of us who makes these purchases via our online trading accounts are not the actual "shareholders of record" and that perhaps MMs are trading these shares until the deadline and then they will trade them in for the exchange of shares which will in-turn automatically reduce all shares (including the ones sitting in our accounts) by a multiple of 100? I mean, if the company has not issued any more shares (as they say they haven't) then it has to be assumed any shares being traded period (regardless of when they were traded...before or after October 1) must be the shares with an issuance date prior to October 1, 2010 and have not been exchanged yet since they have until the end of October. Since the shares have not all been turned in yet for exchange...they may be still traded and some of them, if not all of them, are in our hands now.

A comment earlier about attempting to get the certs sent directly to you would be useless as well because the certs would indicate a "Date of issuance" prior to October 1 and once you attempt to trade them in, it would be noted they are subject to the exchange.

If what I said is in fact the case, then it is less than disingenuous to issue a PR that simply reads "...the heavy trading of the Company stock that occurred lately, is fictitious and shareholders that are trading the stock should be prudent." I mean WTF does "fictitious" mean?!? It should read "...shareholders that are trading the stock should be prudent because all shares being traded can only have a date of issuance earlier than October 1 and therefore are subject to the Corporate Action announced on October 1, 2010."

Comments?

Well...I'll be damned...I went and looked back at several emails Gene sent me (right before he stopped responding altogether) and not one of them shows a title of anything, let alone "President" in his email signature.

I am just too disappointed in RIGH...I am out...there are too many questions not being answered. Good luck to you all.

They did once already.

Yeah...I laughed at that the first time ...but, seriously...can anybody explain this?

That would be a fair assumption except today's PR says:

I can't find any flaws in any of your logic. I do believe that much of this today is as a result of their latest report they posted late yesterday.

Understood IAM, however, the only reference to the Marriott is in the August PR where they said:

Not to my knowledge...the last thing they PR'ed about it was that they needed to Adjust the date for notifying the Shareholders of record.

WTF???? Bid/Ask at 4/5 and 3s print?????