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Monday, October 01, 2012 1:47:17 AM
In addition, if all the current stockholders got their ownership in a publicly traded company changed to an ownership in a private company, they would be illiquid and no one wants to be stuck with shares in a private company, never being able to sell them....
Finally, in order for GTHI to go public by doing an IPO, the SEC will have to approve it and make the registration statement "effective" and THAT WILL NEVER HAPPEN.
Current owners of GTGP stock are stuck with a grey sheet stock that will open in the $0.01 to $0.05 range on Monday and eventually drop to $0.0001/share unless revoked by the SEC.
I hope this helps
GTGP or bust Monday, October 01, 2012 1:34:34 AM
Re: None Post # of 66415
GTHI can distribute shares as a private company and does not need the approval of FINRA , nor does it need the approval of anyone as it is a PRIVATE entity. All it needs to do is register the number of authorized shares with the secretary of state in its state of incorporation.
So, this being said, what's to prevent Mr.Fallacaro from taking GTGP private and then issue shares of GTHI to all the GTGP shareholders on a 1 :1 basis as per the NOBO list dated september 14th 2012 ?? NOTHING !! Nothing is preventing this from happening folks.
So, technically, GTGP can be taken private, then bought out by GTHI ( PRIVATE COMPANY ) and then all shareholders given some shares on a 1:1 basis and then IPO GTHI on the NASDAQ.
All this is EASILY doable and would probably cost less money than tio file any sort of financials for GTGP. The end result would be that all shareholders would have stock in the new GTHI/MSE/GTGP IPO company.
Please read this article for further education on the matter of giving shares to investors in a private entity. FINRA does not GOVERN private companies.
www.inc.com/magazine/20000501/18710.html
So, the theory below is totally worthless ans flawed because if GTGP is revoked, then it automatically becomes a private company and then can be treated as stated in this post and article from the link above. So many options for Mr.Fallacaro to vindicate his loyal shareholders as he always has.
Quote:
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236T568
Monday, October 01, 2012 1:20:25 AM
Re: hiloeven post# 66362
Post # of 66412
End Game?
Yes, and there are only two possibilities for the GTGP "End Game"
1. Stock price of $0.0001/share
or
2. Revocation by the SEC
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Nice try though.
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