Good of Toyopia to mention the error with the company name and etc. Shows how the mis-information gets started and spread and how it grows. You were right, Panic is an option.
I have millions of common GLGT and friends and family with millions more at my recommendation. I did call the company about shares available when ADTI was teaming up as a merger. I believe they had some ADTI for sale in the merger (probably would be the Preferred) --(SmartWear was done but interest in ADTI was available which I believed would all eventually be the same shares in the merger, ADTI/SW)
I am all in, as much as I am going to be, they had minimums. I think they were suggesting $50k, they may have accepted less if I pursued it but I did not. They said it helps to have more investors. I think they were still planning on going to a better stock exchange at that time, (more investors is a bonus).
I'm not sure if ADTI shares are out or if they would be any different than SW in the big picture. But I remember SW had sold out its funding goal. ADTI was new to us at the time, (private company joining us).
I am really suprised about the new twist with the foreign company and etc.
I can't believe fraud was intended from the beginning. I gotta believe they were trying to progress as they suggested.
For them to change direction on a dime, (seems quick to me), away from GLGT, I gotta think something unforseen changed.
Market bad??, &/or great offer from the 'other firm'???, &/or trouble with GLGT itself???? I hope we get a clear picture soon.
Did anybody look into Private Placement shares available after SW came on the scene. ADTI became available at a dollar a share if I remember correctly. But, if preferred shares are at a buck apiece and no decision has been made if they are worth 10-20-50 or 100 share of common then average Joe would choose to buy common at about a penny. If common suffered a RS of less than 100 to 1 then they seemed a better deal. I'm sure the idea was for common to be 10 cents or more a share before a favorable RS so everyone could be happy.
Now it looks like it never going to happen that way. But that is how I perceived it to happen. I still can't believe fraud from day one. Something else happened. You know my feeling, I think GLGT shafted us in the handoff. I know most don't agree. I'm eager to get all the facts, (if possible).
GLTA AND GLTM
