Global Technologies Group, Inc. (GTGP)

[21ZNA9]

GTGP, does not have a corporate value worth a bucket of warm spit - it is in trouble with the SEC, has an outdated technology on mercury removal which has absolutely no proven value through testing by qualified professionals - if proof is available nobody is talking or publishing it. The Updater is no particular friend of MERDI-MSE - but to even imagine that they would take stock of absolutely no nominal worth as part payment for their company is absolutely absurd. The concept of their company being run by stockholders including the genuinely rude crowd that sometimes communicates with us and posts rude abuse to each other is hard to believe will happen. MERDI wants rid of MSE - and partial payment with stock paper from a company that doesn't even comply with government filings makes them continuing partial owners of MSE. Our original judgment that Fallacaro can't come up with enough money to pay for MSE becomes more and more valid. As of tonight - there are no formal announcements in circulation from any of the parties about the status of the negotiations - which seem perfectly sensible if there is no real deal at this point. 10-3-12.