Guided Therapeutics Inc (GTHP)

[GetSeriousOK]

You criticize me for not believing the word of an anonymous poster on a message board. Sorry, but that's just how I am. I choose to believe GTHP's filings with the SEC until I see contradicting proof.

(Well, sort of anonymous -- I think we know better, don't we? Who would post insider information from the Conte case other than...... ????)

You insist that "SMI owed GTHP $1 Million" but where is that documented? That would be booked as uncollected debt on the balance sheet. Where in GTHP's filings is this booked?

GTHP owed Shenghou money for loans, so it doesn't surprise me that GTHP paid Shenghuo money when they had it, but where is the contractual agreement that says GTHP is OBLIGATED to pay Shenghuo money when/if SMI makes a payment? That makes no sense. Maybe Faupel and/or Blumberg make this claim but I won't believe that until I see it documented in GTHP's filings with the SEC. That contradicts what they DID say in their filings.

The Conte lawsuit is for a $64,000 loan that is under dispute as to whether it was convertible or not. (Conte signed a contract without reading it -- who would do that? Seems shaky to me but the judge is going to allow the case to go to trial.) That's between Faupel, Blumberg, and Conte. GTHP is not involved.