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Some selling started Tuesday. Very interesting the timing of the quick need for this to be occurring. and the "larger" blocks indicate either insider (which they will soon have to disclose), or an investor close to the company. I wonder why.... hmmmmmmm
hmmmmmmm
WHatever they do, shareholder's interests will be least of their concerns!
IT IS GOING TO GET UGLY
for Sethy and his duo Canadian goumbas!
ticky tocky
DIRTY TACTICS – that’s all it is
The first reverse was “expected”. The second was to deliberately Squash shareholders. The plan is so obvious.
Plan A:
Squash shareholders and issue paper against insider debt and/or receivables. Get the stock price back and forward split.
Plan B:
Squash shareholders and issue paper against insider debt and/or receivables.
Either way, the shareholders get hurt (already have) and management makes all $$$$.
Convertible notes at sub penny AFTER two cumulative reverses that add up to 1/500???? First 1/10 then 1/50 less than 9 months apart???
Less than 2m shares in the public’s hands with 5 times what is out there to be issued to insiders at a 95% discount to current market! Management cannot be trusted and don’t care for shareholders.
Oh and BTW, not bashing the company, just pointing out the obvious.
TICK TOCK....
took longer than expected... but I smell trouble here....
Ticky Tocky
That is a 1000/1 cumulative reverse. All the way down to 1.5M shares issued and out... management just wanted to crush everyone and keep future issuance's for themselves. SO GLUC IR trying to come across as "caring" for shareholders is a load of ....
y'all know!
I do have a stake and unfortunately it's a major major loss! I also Believe the company was reckless it the double reverse to squash the issued and out down to under 3m shares knowing they needed financing. It was deliberate for insiders personal gain. However they should have felt with all the debt and notes prior to the double reverse. They didn't. Another indication of a company headed by inexperienced market strategists. Company is a one trick pony... and when it breaks a leg, the show will come to an end!
This one is no dif
That's 9-10 times the issued and out. That IS major dilution.
Also I don't see the company paying back the notes for a number reasons.
The company needs to "sell" their receivables which means they are in a position of cash flow weakness. A major portion of the notes belong to the CEO or company insiders at +90% market discount. The other nite holders are extremely unlikely to accept payment and would probably rather force conversion considering the 90% upswing.
Adding current issues and out and future conversions, with approximately 40m issued, no way this company is worth $5m. Best estimate: $2m or under 5 cents a share.
Just another one product company that has management running it for personal gain.
Major dilution.
I see that the most recent filing lists financing instruments that allow for major dilution. More than the current issues and out! Does this not concern anyone? The notes allow for conversions of nearly 10,000,000 additional shares. That's a 300% dilution on the existing outstanding shares. Major red flag.
Ok you are absolutely right. No more ALLEGATIONS. Next On my way! You hear about this will be through my company's press release with details on how to reach my attorney for the class action lawsuit.
No more deadlines. Just saying VERy SOON!
Watch and learn! Major fraud!
UPDATE
Yeah yeah. BS. WHATEVER. Y'all think what you want, however This POS company is being investigated, will be halted, and charges laid against those that committed fraud.... wire fraud to be more specific. You getting this sethie boy. Coming for you and your scumbag conspirators north of the boarder!
Keep up posted soon. Sethy is a frauder. Press release soon with all mentioned.
Soon.
CEO's arrogance and negligence will bankrupt this company.
Coming soon. Major fraud. I have proof!
Gains. Loses. Factoring. Citi bank. All irrelevant. Company is dishonest and is being run by an extremely irresponsible CEO. His ego will destroy the company through the massive lawsuits to come. Maybe that is why the company is selling its receivables... to finance its legal defence.
Sadly, this one is going down.
Major PR in November describing in detail the level of fraud.
November!
Oh yes someone will
sethie and his Montreal connection are headed to sing sing. Major fraud to be disclosed. Payback is a biatch!
November is just 11 weeks away!
Ya know Sethie, sooner or later you screw someone and leave them with nothing left to lose... I'm coming for you and your accomplices.
Stock will be delisted!
Absolutely changed my position on the company since they have yet to file the agreements in place with company directors. This will be a printing fest in no time.
EXACTLY!
They could not issue so RS and then issue. Then another RS and issue again. In the end, they issued 1.3M after a 50/1 and 12/1. So its as if there were 600M issued prior to both RS.
Anyhow, watch and learn. 9-18 months they will have 30-50M shared out and a stock price around 10cents. A one product market valuation!
I am definitely not buying!
GLTA
Dont want dilution, want to see the agreements.
They reversed this twice down to 1,200,000 shares. They are now at 2.5M shares. So post split they issued 600,000,000 shares. What they did was smash down the structure prior to signing their agreements and when the timing is right they will execute the new stock issuance.
There will be a 30-60M share float with 5-10M not in thier control. Instead FS the structure to what is a "normal" structure of 30-50M and then do your issuance.
IN the end, whatever they do, they will end up with 80% of the float and the other 20% will be worthless. If the final outlook is say 50M shares and a one product company is worth say even $20M, then at these levels there is a massive risk.
Just my thoughts, but I guess we will see in 9-18 months!
Company's worth is what it is.
Right now it's reflected without the CEO issuing his stock. When he does, everyone else's stock is worthless. CEO has purposely squashed investors and does not care for investors. If he did, he would make public all agreements.
One product on the shelves of Walmart is not worth this company's valuation. Sell sell sell. Buy in dips. Don't hold for long.
Is it an OTCpink or OTCQB? Stock price?
Volume is impossible.
2,500,000 shares outstanding.
1,100,000 shares on float!
If you buy 125,000 shares you have to file paperwork due to 5% regulation. Why bother. Until they issue the share they are supposed to, share price will never reflect the real value. CEO has agreement to issue stock for sure, but would rather wait for issuance or all their notes in their filings will hit the market. Bad structure.
If you have a sound business plan and good execution, regular stock issuance should not be an issue. If you need to keep the issued at such a low level and wait to print what is in your agreement it's because you know you have nothing but one product.
This POS wont be trading in 4 months!
I will shut it down and they will be held accountable for their massive fraud. Hey Sethy, I am coming for you and your Montreal entourage!
Payback is a biatch.
Ticky Tocky Sethy
EFFECTIVE TODAY, FRAUD HAS BEEN COMMITTED
Hey Sethy. I know you read the boards. I am right on your heels and coming after all of you for the fraud and you and your Montreal "goumbas" know EXACTLY what y'all did!
Ticky Tocky Sethy
Major fraud here.
Putting a group together to take these bums down.
tick tock
tick tock
It's not a sleeper.
Just a very low shares outstanding of 2,500,000, and only 1,100,000 on the float. That's not good. Management is surely owed stock and until they put out the agreements for their shareholders to verify, this will only be another stock play. The CEO has complete control of the stock issues and that is not a good sign. But still. Great stock play on such a small float.
Finally looking solid
float is at 2.5M, so no way its only worth 0.10 per share. Huge upside here.
Some of the Jigs are headed for Sing Sing Correctional Facility! Montreal connection is going down!
less than 5 months!
tick tock
Oh I guarantee you his deal days are over and his "associate" is head for prison.
tick tock
Major Fraud
major fraud will be exposed
I will throw every lat penny in seeking justice!
Seth going to the authorities?
Oh how lovely. He and is Montreal duo cumbias will be answering to authorities VERY VERY soon.
Five more months people.
Tick tock
They will get what they justly deserve.
Major fraud committed here and investors won't let this one go.
P R I S O N !!!
Add the Montreal connection to that list.
"They have both enjoyed months of "party time" on the backs of shareholders! It is quite clear that neither of these scammers have any idea what it means to create "shareholder value", instead of focusing on their respective "personal wealth"
Josh and Seth are not the only culprits.
SOON!