Global Technologies Group, Inc. (GTGP)

[21ZNA9]

Scammer Fallacaro. No money? MSE?

Looks like he's caught in his lies and that's why he's throwing up roadblocks.



The Updater has received information from our sources that there are still several items in dispute in the proposed contract of the MERDI-MSE-Fallacaro negotiations. While it is an MSE viewpoint - their insiders now believe that Fallacaro continues to put up roadblocks to the deal and that there are more than a dozen serious issues unresolved - one being his apparent inability to actually produce any signficant amount of cash - and certainly not enough green money to close the deal at this point. The sense of the MERDI legal team is that he is attempting to queer the deal in a way that he can blame the failure to close on MERDI and MSE. We now have various sources bringing us information with a sense of discouragement. about the timing - enough to suggest a closing this week is possible but improbable. 10-3-12