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Re: back2basics post# 96231

Tuesday, 05/20/2014 1:40:09 PM

Tuesday, May 20, 2014 1:40:09 PM

Post# of 97615
Yes, agree

I would assume at the moment, Fallacaro is praying for the SEC to file a Notice of Revocation. This way he can blame the SEC for the problems of the GTGP "stuckholders". But, of course, he would have transferred out all the MBS assets out of GTGP by the time the stock gets revoked...



The reason I asked was to see if Fallacaro had a reason to do things to avoid having GTGP revoked.

* I can't imagine that GTGP won't be revoked if financials aren't brought up to date.

* I can't imagine that Fallacaro will lay out the million dollars plus to submit 8 years of financials. To what purpose, when a clean shell can be bought for ~$250K?

* If GTGP is revoked, Fallacaro can just say "Sorry folks, gave it my best shot" and move on.

That makes more sense to me than J3 diluting their potential public stock with millions of divvy shares to GTGP bag holders. That would be no benefit to J3 or their shareholders, whatsoever. IMO.


B2B