OK - This stock is a scam!
I have done my DD and that is my opinion on the matter. Further I think it should and likely will be halted or subject to SEC action at some point in the future. Naturally, as a concerned citizen, I have reported my findings to the SEC. That is the responsibility of all members of the investing public.
GFET was founded by Jack and Darrel Uselton, two serial stock scammers who are currently facing criminal and civil charges for a massive stock swindle. GFET was not mentioned in those charges however.
The analysts report is corrupt. I will prove that in another post. The recent relationship with Meridian Biorefining looks bogus as can be. There is evidence of undisclosed ownership of stock. In general, there isn't much about this company that is straightforward except perhaps the most recent quarterly financial statement which confirms $16k in the bank and little else in the way of substance to this company.
At the center of this sits a group of guys with William Carmichael assuming low post position, in my opinion, and Tom Cloud sitting in the co-pilot's seat.. even though he is the designated CEO. I see Carmichael as the primary because it's his name on the press releases and someone is running this promotion. Since Carmichael is the deal guy with his name on a lot of deals, he seems the logical choice. Still, they are both knee deep into this deal.
I will get into more detail in subsequent posts. I just wanted to go on record.
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