Global Technologies Group, Inc. (GTGP)

[236T568]

Sound familiar?

Let's see what the SEC had to say about GTGP current JV partner Solucorp in a fraud complaint filed with the Courts.

Let's talk about all those GTGP bogus contracts, agreements and relationships claimed in the press releases involving millions upon millions of revenues.

How many of GTGP's JV's and licensing agreements have already expired without GTGP notifying its stockholders and investors?

Now we know why the SEC recently suspended trading of GTGP securities.


http://www.sec.gov/litigation/litreleases/lr16388.htm

The Complaint alleges that in at least ten press releases, several regulatory filings, an annual report and a letter to shareholders, Solucorp's senior management: (1) claimed to have contracts that would generate over $350 million in revenues, when, in fact, the contracts did not exist or were subject to undisclosed material contingencies; ........The Complaint also alleges that Solucorp senior management failed to timely announce the termination or postponement of numerous previously announced material contracts.