Global Technologies Group, Inc. (GTGP)

[236T568]

Another Excellent Post by Renee Regarding the SEC Suspension of GTGP

Renee Wednesday, September 26, 2012 11:59:13 PM
Re: None Post # of 64239

The adequacy assignation in the SEC Suspension Order was the only description the SEC needed to get the Suspension Order from SEC Enforcement.

The broader description was written in the Suspension Notice public release which was generalized but also encompassing.

The Commission temporarily suspended trading in the securities of the above-listed issuers because of questions regarding the adequacy and accuracy of information about the companies, including their assets, business operations, current financial condition and/or issuances of shares in company stock.

Any Litigation filing will completely articulate the specific charges against each of the 16 companies.

This Suspension for GTGP is not necessarily about the prolonged delinquency of Financials and is necessarily about the "adequacy" of information already disseminated by Global Tech in 8-K's, news releases that may be deemed to be any combinations of misleading, embellished, and false. The SEC alludes to Global Tech's business operations that may not be as the company describes to the public. The SEC also has questions about Global Tech's current financial condition that may not be as the company describes to the public. Lastly, the SEC has questions about Global Tech's issuances of shares in company stock.

None of the above "questions" which is SEC-speak for allegations can be remedied by Global Tech filing any or all Financials or whether the company lands a multi-gazillion dollar contract. This Suspension is about actions already committed by the company that won't just go away. The company will be compelled to answer for those past actions.

Hoping that any type of news will absolve the company of their past actions is false hope.