Global Technologies Group, Inc. (GTGP)

[BigBake1]

No, it is in fact fraud as defined by Exchanges Act Section 13(a) and Rules 13a-1 and 13a-13 which require public companies to file annual and quartely reports with the commission. Compliance with those requirements is mandatory and may not be subject to conditions from the registrant. Scienter, which is often described as "a mental state embracing intent to decieve, manipulate, or defraud," is not required to establish violations of Exchange Act securities 13(a) and Rules 13(a) and 13(a)-13.

So the SEC does not have to prove "intent" as the way the Exchange Act is written if one fails to file annual or quarterly filings they are in fact decieving, manipulating, or defrauding.

I made it clear Jim's statement is worthless and the SEC has stated nothing backing Jim's claim of requesting filings.