There is no reason whatsoever to buy this any longer. It's not even flippable.

You're holding because you're stuck with it. This stock is dead, not bouncing at all.

Welch had hoped for a bounce by releasing PR saying he was going "current" when that didn't happen he released PR announcing a split, still hoping for a bounce. No bounce and he dumped what he could to no bid....

There is a reason that pinks trade this low. In my opinion, the ONLY reason to buy any pink is to flip it. Why on earth would anyone hold these? People have a better chance of getting struck by lightning than they do of hitting the big time with these things.

And I suppose since all I do is flip them, "who" is running the company, really has no bearing. As long as you are able to profit, who cares? But thinking these pinks are going to return an ungodly PCT, IS playing the lottery.

JMO

Anyone know if AW appeared yesterday? Like a good soap opera.

IMO I think it's a an attempt by AW to get the PPS up before another massive dump. Same with the fake PR about the filings which are now a month overdue. Although I believe AW thought 2 days of PR would inflate the stock so he could dump even more shares, he was probably left wondering why the ploy didn't work, so he had to come up with something else (today's news)

My opinion is that when he fails to show at the hearing tomorrow (if I have the date correct), he'll be dumping what he can. IF he doesn't land in jail, I'm thinking RS to no bid.

39M on the bid and 854M on the ask says a lot to me. I took my ball to another playground.

Yeah, I know they are just a conduit. But isn't it a little odd that they would keep that conduit open when they know who is behind the company and that he's being investigated? Public or not, if WE know he's being investigated, then THEY know.

Doing a little catch up reading on the forum here from Friday. We all know Welch is being investigated. But, the SEC or any enforcement agency will not comment on an investigation, that's just common sense. If its out in the open then the most information that will be given is "An investigation is underway..." We all read the PR that says the other directors from VX are supposed to have taken the helm at GTLL. Problem is, nothing seems to have been filed to prove this.

But reading all of this has me puzzled about one thing. Why would any MM touch this with a 10ft pole? If this guy really is fraudulent, which he seems to be, why would any firm sign up to abet this guy? I assume there is something logical behind that.

If they filed with OTC Markets like they said they were, the filing would have been shown within 15 minutes of them filing it.

I'm hopeful though.

Has anyone tried to call the number listed in the press release?

Last filing for ENCS looks eerily similar to the GTLL website.

Still wouldn't matter much to me. To others yes. I of course don't want to see a R/S, but none the less, am happy with where I am at on this PPS wise. If it goes up, great I've made a little extra $$. If not, oh well. I guess what I am saying is I trade the pennies for fun. I leave my regular investments alone.

IMO, in order for that to happen, they need to do what they say they'll do (timely filings, etc) as well as show that this Welch guy is no longer affiliated. Of course that's the beauty of these pinks... they really don't have to do much of anything so they can leave you guessing.

Thank you. I also found out that the reports are usually posted on the website within 15 minutes of them being filed.

Good thing for me is I am in extremely low and don't really have a hell of a lot to lose on this one. I know others aren't as lucky though.

Anyone know if there is a delay between the time the report is filed and the time the service posts it? I would imagine they have some sort of approval process?

Also (from Bloomberg):
Global Technologies, Ltd. to Report Q1, 2011 Results on May 10, 2011
05/6/2011

Global Technologies, Ltd. announced that they will report Q1, 2011 results at 8:00 PM, GMT Standard Time on May 10, 2011 (3PM EST)

http://investing.businessweek.com/research/stocks/ownership/ownership.asp?ticker=GTLL:US

Me too

Now 8 x 3

When there is no communication from the company, I am trying to figure out why so many are trying to get in on this stock. I really see no information other than speculation on their assets and the gold index? Or am I mistaken? But then I look at the Level II on this thing and the bid is usually double the ask (8:40AM and its already 7 X 3). So I guess my question is, why? What do they know that isn't published?

Yes, but only 1M