Global Technologies Group, Inc. (GTGP)

[236T568]

Clark Kent, response in red

Clark_Kent88 Tuesday, September 25, 2012 3:34:14 PM
Re: 236T568 post# 63517 Post # of 63520

Seriously? You cannot argue that GTGP is a Scam. There are way too many verifiable parties involved.
GTGP is a scam company that has filed fraudulent financials and fraudulent documents with the SEC, among other things.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79855924
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If it is a Scam then it is the most elaborate and expansive scam I have ever encountered.
Fully agree on this, but there have been more elaborate scams beforehand.

Jim would have to dupe Local and federal officials in Butte, the CEO of MSE and it's board, the DOE, EPA, and Ashgrove cement plant.
Fully agree on this, except the MSE acquisition is not closed and will not close, so duping the local and federal officials in Butte and MSE has not occurred. The GTGP relationships with the DOE and EPA, claimed by Fallacaro are very minor, witnessed by the deleted GTGP PR's from the company website, among other things. There will not be a closed cement contract from Ashgrove, so this is also a moot point.

I guess if he was a sociopath that wanted to pull an elaborate scheme for absolutely no monetary gain (as he sold no shares on the way up) and cost himself upwards of $17 million it is possible. However very unlikely.
16 million shares were issued since 2007 by GTGP to related entities, consultants and a few others, most of which have been sold into the market during these 5 years. This is yet another reason why Fallacaro has not filed 7 years worth of GAAP financials with the SEC.