Global Technologies Group, Inc. (GTGP)

[TenKay]

There should be no doubt that GTHI is a "Wholly" owned sub of GTGP


Actually there is a whole lot of doubt. It may have been at one time in the past but the October 2011 8K, a legal filing, puts that notion to rest...albeit...very subtly

So again, for those that missed it, here is the direct quote from the Oct , 2011 8K

Creation of Sub:
We have had many calls regarding the sub we formed and our intentions for it.
The sub company is Global Technology Holdings, Inc. We had disclosed that formation in the past. It was created to be the vehicle that would handle acquisitions and funding. It was in our interest to do so, as in our opinion, no Investment Banker of any substance would fund an acquisition of any size with a small publicly traded company. The benefits of the new sub would be twofold. To allow the Investment Banker to fund it by way of a Private Placement and then a selling shareholder registration statement. In addition, it would allow that company to issue the balance of the percentage to Global Shareholders in the amount of equity held. If Global was to receive all the shares remaining from the placement, it would be deemed to be and insider or full control and therefore the shares would become restricted. Therefore, this was a way for Global and its shareholders to participate directly in the selling shareholder registration. It should be noted that in either event, the percentage that Global would own directly as a company will still be classified as an insider and may still be classified as control predicated on its equity percentage as well as James Fallacaro, President.

BOTTOM LINE - GTGP DOES NOT own 100% of GTHI. Not a single PR since then says that it does. The references to GTGP and GTHI since then are independent with the ONLY connection being they have the same CEO.

Anyone know the amount of equity held?