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Re: Bobinsd post# 72586

Monday, 10/15/2012 11:00:55 AM

Monday, October 15, 2012 11:00:55 AM

Post# of 97615
yes, GTGP announced the selling of sublicenses for MBS to two companies for $3.5 million

turns out that they were sham transactions with two empty public shells and GTGP falsely claimed in SEC filings and press releases that the cash was received. It was proven that the cash was never received by reviewing the SEC filings of the two public shells. Therefore GTGP filed fraudulent documents with the SEC. The public shells wrote the sublicenses off from their balance sheet soon therefafter as they failed to sell one penny's worth of MBS.

here is one of them:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=80058796