Global Technologies Group, Inc. (GTGP)

[236T568]

Excellent!

pretty much we can see that GTGP owns less than 1% of GTHI

the lack of filing an 8K for such a material event as the signing of the agreements between MSE and the private company GTHI underscores the lack of ownership of GTHI by GTGP

It appears that this is just not a material event for GTGP

TenKay Friday, October 12, 2012 6:35:05 PM
Re: None Post # of 72040

Any plain reading of the PR issued by Fallacaro on Monday makes what he was announcing a material event to the stock GTGP if GTHI is owned in a meaningful way by GTGP. Just because the actual close is not until the 25th, does not mean that the announcement of the "deal", is and of itself, a material event, something was signed....UNLESS...the reality is that the ACTUAL ownership (or the upcoming deal closing on the 25th) is not material to GTGP.

It is clear that announcement of a deal like this should be expected to influence the price of the stock under normal circumstances, and thus the announcement itself is a material event.

He can't have it both ways. The 8K is the legal document that he is most exposed to. The PR exposes him as well, but he went to what appears to be great lengths to keep the "benefit" to GTGP hidden. THE FACT OF THE MATTER IS THAT IF GTGP HAD ZERO INTEREST IN GTHI, THAT PR WOULD STILL BE ACCURATE. It is not referred to in any way as a subsidiary, or in any directly as part of the "deal".

So there are only 2 choices

1) the annoucement of the deal is a material event to GTGP, and he has decided to not file an 8K....for any number of reasons, not the least of which is the % is lower than he is hoping people think it is.

2) it is not material to GTGP and he runs the risk of a major faux pas while his company is under investigation.

In my view #1 has less risk to him.

Also I find the evolution of the debate about what actually happened on Monday to be enlightening. Initially some where questioning if anything was signed or agreed to and therefore everything was left wide open until the 25th...and the general response was NO, THE DEAL IS DONE!!!!?....but then when suddenly this pesky little issue of an 8K gets brought up...now...it's NOTHING IMPORTANT HAPPENED ON MONDAY!!!

Can't have it both ways.