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Folks, Janice Shell and Renee are from the iHub DD Support Board and Fraud Research Team and are recognized as two very knowledgeable people. They do know their stuff so they are probably trying to provide a legit warning here.
However, as I recall, sometime last year there was some shareholder info provided by Jim about beginning the process to get financials current. Again as my memory serves GTGP submitted updated financials for 2007(?) and was awaiting review and comment from the SEC before submitting the remaining financials. I kind of lost track so do not know where that effort ended up or whether it is still in progress.
Perhaps some folks here could do a little research and see if there is something still in the works.
I believe Janice Shell and Renee became interested in GTGP recently because our friend 236T568 put several of his posts on the DD Support Board and Fraud Research Team yesterday and today. They, I presume, saw a red flag amongst all the bs and are making this board aware. So, instead of being snarky to them we should take heed.
Just my take on the current issue.
Agree. This is the most obvious and pathetic PnD team I have seen on the iHub. Whoever paid for this awareness should be asking for their money back. They remind me of Scarface just before he got kicked off iHub. Hope they go back in their holes soon so FITX can get back to its normal trading. GL to all the longs and hope the pummpers and dumpers get burned badly.
I believe the 180 days is from July 1st. That would mean that the agreement expires at the end of the year.
Scanned the first few pages and it appears to be along the same lines as the cleanup contracts that I have supported for a number of years at Hanford, including CH2M Hill. Would be interesting to see how they are doing on meeting their goals for subcontracting. For the short term GTGP or MSE could probably qualify as a small business and help with that portion of their goals. JMHO
It might, but probably not since GTG* is much broader in scope. However, assuming for the moment that it did, will Solucorp management finally opt to do all the filings and other work necessary to get off the gray sheets so shareholders might have a chance to see a market develop to allow them to have a place to sell those shares? When a company chooses to remain on the gray sheets and has had all the problems with taking advantages of shareholders in the past, well, I choose to take a little safer route.
Do you know the current share structure of SLUP? Can you find it? I can on the other one.
To each his own and GLTA.
Sorry if I was unclear. It is not the patent that is unimportant but simply the current owner - SLUP. They have already offered it once to EMH* so if that falls through JF can go directly to SLUP. If SLUP decides to close up shop the patent would be available from a different source depending on whether SLUP declared bankruptcy or sold to another company.
Hope this is more clear.
I read that part to mean the July 1, 2012 date that kicks off the penalties. Even with that, the agreement expires at the end of the year. With no payments by EMHI, it seems clear that everything remains with SLU* meaning that if they get a better offer, say from JF, then SLU* gives EMHI first right of refusal to make good on their agreement within x number of days and then "sayanora" and hello JF. JMHO
First of all, I am not Narnia.
Second, yelling through the use of "bold" indicates that maybe the truth hurts when you are doing your best to sell off some more of those dusty old shares of yours. (smiling)
Next - SLUP is not the golden goose - If SLUP goes bye/bye the patents will most likely be picked up by someone else such as GTGP.
Next - you have yet to show anything to backup your assertion that SLUP is in any way involved with the Ash Grove demonstration. The only thing I have seen is the involvement of MSE and GTG*. It is unclear what, if anything other than the patent, SLUP could bring to the table anyway. GTG* and MSE already have a license for that so do not need them.
Next - GTG* has not renegged on their JV with EMH* but so far EMH* has failed to carry through on their part of the bargain to SLUP for several million dollars and a some stock. If they do not take care of that little item shortly, I am sure Jim will be revisiting SLUP to take care of it in a different way so it will be EMH* that will be left on the outside looking in.
Finally, there is not a big difference between the IFS and MBS technologies. IFS is simply a method for injecting MBS for use in certain applications. The two are not different, IFS is simply a mechanical process and still depends on MBS for mercury removal.
Regardless, it remains to be seen if any SLUP shareholders will be lucky enough to share in the potential upcoming windfall from GTG* since SLUP's history shows they have some very expensive management staff and consultants that usually eat up so much in costs that they result in no profits no matter how much revenue is coming in. So, any sharing would appear very doubtful and is of no concern to any regulatory groups since SLUP is on a gray sheet and does not have to report anything to anyone except IRS.
The only thing new bagholders, er shareholders, could be looking at in SLUP is growth from pps appreciation. However, good luck in getting that to materialize when they go to sell into the lack of liquidity for this dog. So pitiful there is no market!
So,please keep up the entertaining posts. Looks like they may have been somewhat successful today in getting some of your musty old shares into the coffers of some new bagholders. Again, so pitiful.
GLTA - they are going to need it!
Hey Narnia.
Just catching a little early Monday morning entertainment here scanning the small list of SLUP messages. Looks like a key member here is trying to set up another sales run this week to get rid of some more of those shares of his that have been gathering dust on the shelf for years.
Wonder if any of the new investors here have tried to cash in on those huge gains they have seen over the past few days? Should be eye-opening considering the lack of liquidity there is in SLUP!
Hopefully, with all of the DD on this stock that you have provided people will study SLUP very carefully before throwing any more money at it to avoid becoming a new bagholder.
GLTA
Yes, there are some of us other GTGP longs occasionally reading both of these other boards.
Although I am altogether comfortable with all of the DD that Narnia and others have compiled on GTG* I trust but verify when some question marks start popping up like with SLUP and EMH*. So,when things started heating up with GTG*, I began investigating and have to admit that at first I was kinda convinced there might be some potential with these other two. So much so that a couple of weeks ago, I even put in a bid on SLUP - luckily it did not fill! Same with the other.
Then I started to dig a little deeper into the agreements and these other two companies. Now, the more I read the inane ramblings trying to convince people to sink their hard earned money into this grey sheet scam or the other that is a notch above since it does offer a bit of transparency, I simply check this one and the other once in a while for the entertainment value.
Apparently some other folks are starting to wake up as earlier the share prices of both took a hit today. As more people read ramblings like this response to P1 and Narnia, I expect more people will be wising up and do like I do - check in occasionally strictly for the entertainment!
Give you a C+ for effort though - must really be difficult with a dog like this!
MERDI is the current owner of MSE who is selling the company to JF and GTHI.
MSE does the actual fitting of the plant and setting up the equipment properly for GTGP.
They already have the plant fitted for the 3 week run. Believe he is telling us the results were as expected and we are ready to start fitting the rest of the cement plants when the acquisition is done.
How true! I spent a number of years with a Fortune 500 Company in Contract Administration which included assisting in the initial consummation of the contract (since I would have to live with it for a number of years). Seemed to always a new wrinkle that got thrown in when the lawyers started their final review.
Also consider that in our case there may be additional eyes on the finals deal. From the October 17, 2011 shareholder update:
Creation of Sub:
We have had many calls regarding the sub we formed and our intentions for it.
The sub company is Global Technology Holdings, Inc. We had disclosed that formation in the past. It was created to be the vehicle that would handle acquisitions and funding. It was in our interest to do so as, in our opinion, no Investment Banker of any substance would fund an acquisition of any size with a small publicly traded company. The benefits of the new sub would be twofold: To allow the Investment Banker to fund it by way of a Private Placement and then a selling shareholder registration statement. In addition, it would allow that company to issue the balance of the percentage to Global Shareholders in the amount of equity held. If Global was to receive all the shares remaining from the placement, it would be deemed to be and insider or full control and therefore the shares would become restricted. Therefore, this was a way for Global and its shareholders to participate directly in the selling shareholder registration. It should be noted that in either event, the percentage that Global would own directly as a company will still be classified as an insider and may still be classified as control predicated on its equity percentage as well as James Fallacaro, President.
I am pretty sure the IB will also be scrutinizing this deal. I am still sitting patiently waiting based on the excellent DD provided on this board. GO GTGP!
Just read the earlier posts on the board and you will get a good idea. Before you sink any coins in this one you should take a look at the other board mentioned in a number of the posts, GTG*. GLTY
I am sure that some of the old-time bag-holders with many shares on the shelf are happy to dust them off and pass them on at any price to the new set of bag-holders. JMHO
Narnia,
Does this not cover the Ashland Plant at Durkee where GTGP is currently testing?
IFS-2C technology for the remediation of mercury contaminated coal ash and other U.S. EPA listed hazardous heavy metal contaminated wastes produced in coal burning Portland Cement plants.
Lovin' all this action with GTGP. AND, my ST does not even show today's PR yet!
I am subscribed for the ihub L2 service and find it very helpful. However, there are features such as the color coding, the bar chart on the All Orders heading, etc that could make it even more helpful. Where can I find user type information for ihub L2 that could help with this?
TIA for any help you can provide.
I am subscribed to the ihub Level 2 service. Where do I find details for the color coding and other depictions used on the display? TIA for your help.
WizKid, thanks for mentioning PDT. I had to look up the Pattern Day Trader rule as I was not aware of it. Always nice to learn something new to keep out of trouble.
Good board - thanks to you and EJ.
Received this e-mail last night from LTUM Investor Relations.
Go LTUM.
Media Article - July 6, 2011
OTCBB: LTUM
High current ratio detected in LTUM
Jul 06, 2011 (SmarTrend(R) News Watch via COMTEX) -- Below are the five companies in the Diversified Metals & Mining industry with the highest Current Ratios. Current ratio is useful to get an idea of how quickly a company can repay its short-term liabilities with its short-term assets. The higher the current ratio, the more capable the company is of paying its obligations.
Western Lithium USA Corp (NASDAQ:WLCDF) ranks highest with Current Ratio of 33.87; Lithium (NASDAQ:LTUM) ranks next with Current Ratio of 32.04; and Mines Management (AMEX:MGN) ranks next highest with Current Ratio of 17.07.
Molycorp (NYSE:MCP - Snapshot Report) follows with Current Ratio of 13.54 and Entree Gold (AMEX:EGI) rounds out the group with Current Ratio of 13.38.
For further information please contact:
Lithium Corporation at
(888) 299-3989
or
info@lithiumcorporation.com
About Lithium Corporation
Lithium Corporation is an exploration company based in Nevada devoted to the exploration for new lithium resources primarily within the state of Nevada. The Company explores and eventually hopes to develop potentially economic lithium-enriched brine fields, with an eye to becoming a long-term producer of this increasingly strategic and economically important commodity.
Notice Regarding Forward-Looking Statements
This media article is written by a third party that has no affiliation with Lithium Corporation whatsoever. The opinions expressed in this article are not connected with nor implied as accurate by the management, directors, or officers of Lithium Corporation and should not be relied upon as statement of facts.
Michael - thanks so much for the update. Thanks also for the rapport you have established with Mark because of the blog you write. Keep up the good work.
Same here, Marine 1. Slapped the ask with a .5 mil buy. GLTA