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Is this coming off the Grey Market? I just got a sales notice on Scottrade today and I cannot remember the procedure with Grey Markets. Would I only see sales that happen on Scottrade for Grey Market trades that occur on Scottrade?
So when are we going to here something on this moving back out of the Grey Market?
Nice find Janice.
lets hope, right!
I mean that people of moving the ask higher without the bid following on the heels. Seems to me either someone is testing the waters or there is artificial movement on small shares. Like I said, just my opinion and a small observation.
I think someone is toying with this one a bit. It seems to be moving up too fast for what it is. Just my opinion though. Nice find!
So we should know the details by Oct 29th at the latest? Is that the case?
Question now becomes how will GTHI come into fruition? If as a private company, there is no guarantee that dividend holders get the shares at all. That will be something I will watch for with interest.
He has a point with this Janice. When I sold the other day, the broker (Scottrade) quoted me what the bid and ask were at that time and this was before trading so this was overnight. That being said, I bet it is only what shows on their "network", being that Scottrade has a bid and ask both on their network, while TDA might have a different bid/ask.
I never implied that he dumped and I really don't believe so now. I am merely trying to speculate what the 1.7mill would do for him if he put it out on the market. We don't know ANYTHING about his shares since he hasn't filed 10K or 10Q's in 5-7 years so I don't think you can say he hasn't "dumped" a little beyond a shadow of a doubt now can you?
I'd call that a big plus given the circumstances. To get out having made a little money is a true positive in the face of what we are dealing with right now.
I here you Paul. I believe what you are saying as well.
Who knows how many have already been sold, but current market value puts it at $136000 so it will pay for SOME fees at that rate. I am just speculating here. He may or may not just be getting out what he can while he still has a little value in this. We'll see.
What's your thought on the 1.7 mill? Money to pay fees, start GTHI when GTGP gets revoked? I am curious as to your thoughts.
The posts are getting more outlandish by the hour. I am almost here for the entertainment at this point.
How many times does it have to be said that GTGP cannot "merge" with GTHI and that the GTHI dividend creation cannot be done without the approval of FINRA? And don't give me this BS about taking the company private, that is Pink Sheets talk for SCAM all the way as proven many times over. Quit making things up out of hope or whatever and just stick with the facts.
Step One: get all financials, 10K's, and 10Q's completed. If that is a problem then there is no step 2 except REVOCATION!
Step Two: finish purchase of MSE
Step Three: Announce findings of test results (could be flipped to step one or two, but it doesn't really matter)
Step Four: GTHI
Step Five: Contracts
And so on....
The update from the butte-updater last night or this morning is really making me laugh. He/she doesn't pull any punches do they?
WHY WOULD MSE GET ITSELF INTO A DEAL WITH A BUYER - JAMES FALLACARO - WHO HAS SUBSTANTIAL POTENTIAL CIVIL LIABILITY FOR HIS CONDUCT AS HEAD OF GLOBAL TECHNOLOGIES GROUP, INC??
This question has been at the core of conversations with the Updater and among the people who think about this transaction in the Butte streets - all people with generations of experience with MSE and its related activities, and in several of the thoughtful (non-aggressive type) discussions about this entire attempt to put a deal together.
At best, Fallacaro is interested in this entire remediation set of issues, and wants to strengthen a company - MSE - which is in financial distress and a candidate for bankruptcy. At worst, he is using this whole discussion as part of a penny stock "pump and dump" scheme with Global Technologies Holdings, Inc, in line with the hundreds of thoughts that appear on the GTGP investors site on the internet.
MERDI-MSE has tried to unhorse MSE for at least a decade and, for a variety of reasons, has never been able to close a deal with a legitimate company to buy it. MERDI is a non-profit which has long term employees with projects and properties and would like to - is desperate to - if our sources are right - try to hold MERDI together but without MSE attached. Our general experience with MERDI over the years would suggest that is true.
So we have two parties - a buyer and a seller - who are high end rascals who need to sleep together to carry out their hidden agendas - to some extent each needs to save itself - so each side recognizes they are both victim and perpetrator in a razor's edge deal which seems to offer forward progress in their nefarious schemes.
MERDI gets rid and free of MSE with some bucks to them in the deal: The MSE property - about 50 acres worth - south of town - is specialized for projects which no longer exist and are expensive from taxes to daily upkeep to support - ends up being Fallacaro's problem in some form henceforth. MERDI also gets some worthless GTHI stock - not GTGP stock. Fallacaro gets some working room to do what he does with GTHP - although is now hung with a ton of SEC issues with at least the possibility of some confrontation with a United States Attorney somewhere acting on behalf of the SEC.
The remaining leadership at MSE keep their job for awhile - Fallacaro does put a modest amount of capital into the MSE operation - which then has no huge overhead - so stays in business on some of its projects - and can put up with the stench that comes with Fallacaro knowing that he has to put some change into MSE to maintain his ability to manage (manipulate) the GTGP stock thing. Clearly - Fallacaro doesn't know which end of a test tube to put the fire under - and doesn't care as long as he can manipulate in the penny stock game - but if he goes belly up in the "belly of the beast" with the feds - he can exert no business activity - and MSE of that day gets the whole schmear to do whatever they do at that point - making the GTHI stock they have controlling stock.
The Updater crew has spent half of the last century dealing with the strangest "hidden agenda" schemes in human existence: "You never know who is sleeping with who, or why!"
That is true LTG, but I seem to remember that even you were a little fooled by this back in August after all the fight you put up back in December/January. Sometimes it is just not always as easy to see as others.
I am learning the "tricks of the trade" more and more these days. Lesson learned; stop worrying about "investing" in these stocks, and the tax consequences, and just trade these stocks and make your profit. That is all!
Bravo, well said and a good representation of how true holders of this stock felt and feel. I'm sorry you lost so much. I was lucky enough to have gotten in early at a low price so I was able to get my money back yesterday. I know that there are many, many who were not so lucky and I truly feel for you all. I guess it is like many have said in that these events do teach us many things about trading and investing in Penny stocks; namely, don't "invest" in penny stocks themselves but take profits when you can so we aren't burned like this again.
LOL, just looked up this stock and saw your post and the prior and just started laughing. PinkyLand, the land of mysterious mis-information! :)
It sure isn't looking to good at this point. I put the sell order in this morning for my final bit of 20K shares. I am holding out a little hope that the divy is somehow real, although I am not entirely sure how they could make that happen at this point. If I somehow receive the divy's weeks, months, or years from now, I will just consider it a bonus and a little payback for what I lost due to the suspension.
Interesting caveat to my earlier post. I have attempted a couple of times this afternoon to complete my sell off of GTGP by placing an order online in the same fashion that I did this morning. However, I now receive and error denying me from doing so because "there is no bid or ask, please call your local Scottrade office". Interesting that I would see that now and now earlier.
It's not teamwork. I had a sell order in earlier this morning for one price and my broker moved it up slightly to match another buy out there so I could get it down without me even know. So I essentially sold for not the exact price I requested. I'm willing to believe brokers are just trying to match deals for people. We should be thankful they are doing so.
Both hilariously funny and oh so sad for us shareholders at the same time...
I was just thinking the same thing. This thing is doing a steady decrease since before lunch and there is now almost 1Mill shares sold. There are no more MM games or shorting going on right here; this is just the reality at this point. Personally, I am hoping for an after hours PR or pre-trading one in the morning. I am still holding a nice chunk of shares in hopes Jim is "for real".
I agree with almost everything you have written LTG. I think the product is real and I even think the bid to buy MSE is real. The problem I have is I am not so sure Jim is "real" in his dealings with shareholders. Seriously, why would you not take care of financials BEFORE going through the process of acquiring MSE? There are just too many things that are off here. I should have seen the signs, but I was too blinded by my own greed and the nice "numbers" in my account at that time. I attempted to take some profit a week before the suspension but didn't get it done and just said "I'll wait until next week". That turned our well...
This thing may go through tomorrow, or maybe a year from now, but I think it may be done "outside" of GTGP, assuming that is possible.
The selling process on Scottrade wasn't near as bad as I was expecting. I was able to do all my trading online, but I did have to wait until this morning to set it up. I am assuming it was an All or nothing in shares and price as that is how my shares sold. In addition, whomever brokered my deal also raised my ask price to match on what someone was looking for so that is a plus right there! Got my money back from GTGP suspension and possible scam, and I still hold some shares just in case there is a PR released in the next day or two to raise it enough for me to sell higher again.
Thank you Scottrade and for all the help and advice from here. Great board!
Looks like the holding area is in the .16 to .20 cents range here. I wonder if we see any PR's today?
I was able to get my money back from initial buy in and am still holding shares to see what happens here in the next couple of days. I would call that a positive based on the events that have unfolded.
Here is the link. Decide on your own how to proceed.
Butte-Updater
Can someone post a link to the Butte Updater? I hadn't heard that he now says the deal is going through.
Thanks
Sctts, I think you misunderstand.
I am not buying, I am selling...
Regarding shares for sale...
If anyone is in the market to buy and would like to arrange a purchase of my shares, just send me a PM with your email and we can talk.
Thanks
JC Willis how is this portions possible:
See lucky, that is where he disagreed because I brought that point up and he specifically said partial trades would go through even on grey's.
What makes you so certain of this? Is there documentation somewhere I can read and relay to this broker?
Thanks for the help.
That's kind of my point. What if I want to sell say 20K shares, but someone only matches up with me for 10K of the shares and for the rest of that day's trading no one else is matching for the other 10K. Does that mean the first 10K doesn't sell then because the full amount is not changing hands?
TO add to this, I spoke with my Scottrade broker today and I can sell normally online for the Grey's but he said something else interesting to me, he said they WOULD do partial trades. I was told all along that the amount sold can only be done if someone or a group of different someones, buys all you shares simultaneous or in group fashion. I was told no partial sells.
Any insight on this? I don't know who to believe at this point.
I'll definitely sell to you at those prices if you're being honest. Problem is, I don't really believe you at this point.
Thanks for these facts Cassandra. I appreciate the information.