Global Technologies Group, Inc. (GTGP)

[Mustang_Guy]

How true! I spent a number of years with a Fortune 500 Company in Contract Administration which included assisting in the initial consummation of the contract (since I would have to live with it for a number of years). Seemed to always a new wrinkle that got thrown in when the lawyers started their final review.

Also consider that in our case there may be additional eyes on the finals deal. From the October 17, 2011 shareholder update:

Creation of Sub:

We have had many calls regarding the sub we formed and our intentions for it.

The sub company is Global Technology Holdings, Inc. We had disclosed that formation in the past. It was created to be the vehicle that would handle acquisitions and funding. It was in our interest to do so as, in our opinion, no Investment Banker of any substance would fund an acquisition of any size with a small publicly traded company. The benefits of the new sub would be twofold: To allow the Investment Banker to fund it by way of a Private Placement and then a selling shareholder registration statement. In addition, it would allow that company to issue the balance of the percentage to Global Shareholders in the amount of equity held. If Global was to receive all the shares remaining from the placement, it would be deemed to be and insider or full control and therefore the shares would become restricted. Therefore, this was a way for Global and its shareholders to participate directly in the selling shareholder registration. It should be noted that in either event, the percentage that Global would own directly as a company will still be classified as an insider and may still be classified as control predicated on its equity percentage as well as James Fallacaro, President.

I am pretty sure the IB will also be scrutinizing this deal. I am still sitting patiently waiting based on the excellent DD provided on this board. GO GTGP!