Hey GTGPrs...Everyone still here? LOL. I'm holding long and strong. For those who didn't read it yesterday, here is why:
8 things that give me confidence in GTGP:
1. GTGP is at the cutting edge of technology to clean up very polluted industries. They are at the right place at the right time with the government mandating cleanup.
2. The company is not diluting. There have been no signs of dilution at all.
3. The Company has real and sustainable revenues.
Current Projects:
3 big Joint Ventures were completed recently with GTGP receiving 50% of the profit generated by all three. Future revenue that can be sustained…an investors dream.
Here’s the PR: www.marketwatch.com/story/global-technologies-group-inc-completes-three-joint-venture-agreements-2011-05-23
HUGE Cement Plant deal.....:
ih.advfn.com/p.php?pid=nmona&article=49737413
Read up, this would be HUGE for the company.
4. The CEO has done everything he has promised. He is a man of his word and he has a flawless track record. No one has found one shred of evidence that he has ever been involved with anything shady or questionable.
5. There are pending acquisitions and contracts that will send this much higher.
1) Fact -- The name of the company and the investment banking firm have not been disclosed as there are NDA agreements in place. The unnamed company's revenue is in excess of 20 million dollars annually.”
the only remaining issue to be dealt with is the purchase price
Global Technologies Group, Inc. in Negotiations to Acquire a Nationally known Company Encompassing a Premier Testing Facility...
Global is formulating a purchase agreement with its' Investment banker
2) Speculation about the candidate – MSE clearly appears to be the front runner for various reasons. Let’s go down the list:
Over 20 million in revenues – check
Worked closely with GTGP – check
State of the art testing facility – check
Even similar wording in PRs by GTGP describing both MSE and the mystery acquisition.
Let’s not forget about the Investment Banking Firm. This is very rare in pinkyland and means that no toxic dilution should happen. This is a big deal imo and should not be overlooked.
6. The CEO cares about the shareholders. From one of the recent PRS:
"We feel that it is in the best interest of our shareholders to issue the dividend in advance of any pending acquisition and to let them know the structure of the distribution," stated James Fallacaro, President.
7. The CEO owns 19M shares (I think this was the last number I saw, correct me if I'm wrong) and I know several longs who own hundreds and thousands of shares. No one is selling right now.
8. GTGP has an extremely low float that moves on air. Any significant developments will move this higher very quickly.
