GlobeStar Therapeutics Corp (GSTC)

[Voices of Reason]

JamesOTC - I sincerly hopes this works out for you. Today's jump may in fact be a good sign, and in fact one could make money daytrading this one.

"It could be that the company is working with scientists, other experts or what have you who may have done recent tests, providing new projections of how much oil could be produced in the area" - they would have to work with others that are more knowledgeable for the simple fact they do not possess the knowledge. This was the promise of the earlier press releases about the prospects they were pursuing (working with Big Canyon, Bedford and Intrepid). The company has been silent on these prospects for several months now.

"I'm not an 'oil man,' but I do know business" - Federowicz is not an oil man either. His track record (OTC: OBJE) shows he is not a business man either.

"isn't the company using new drilling technology to develop oil resources more efficiently" - although touted in a press release that new technologies exist, we know nothing about the methods used for any of these prospects, nor would Federowicz have any knowledge to convey about the same since he is not an oil man either.

"As far as there being no guarantee of obtaining adequate financing, that scenario seems to be true of most penny stocks." - true, but wouldn't the focus of financing with the only significant asset (shares of common stock) be better put to use on growing the business instead of creating a lucrative stock plan for the sole employee?: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8490537

"A potential merger may give them the revenue they need to move forward" - possibly, but why all the secrecy about who it is? Why not just announce when it happens? I suspect the merger will be with Bedford - a company with very delinquent financial records and not much in the way of assets. Just my speculation, but would make sense based on previous press releases eluding to the LOI to proceed.

"Maybe there are other things in the works that we don't know about that might help them meet current financial obligations." - like what? They have nothing to leverage besides more dilution - best case would be at terms that are not as toxic as the last round (3 million shares at $0.0125/share).