That is nothing
GTGP has announced that a private company, GTHI, is in the process of closing the acquisition of a testing company, MSE, Inc.
The deal has been used to pump the stock for about 2 years now.
They announced on Oct. 8th that certain agreeements between GTHI and MSE were signed, including a "purchase agreement" and that GTHI would be taking over the operations of MSE by Oct 25th.
Yet, nothing has been issued publicly that the acquisition of MSE has been closed.
Instead, James Fallacaro, the CEO of GTGP and GTHI, is listed as the "owner" of MSE.
GTGP started by making public statements that (1)GTHI was a wholly owned subsidiary of GTGP to (2) GTGP will own a non-controlling interest in GTHI and GTGP stockholders will get dividends of GTHI stock (which was not approved by FINRA and will never be approved). And now, it appears that GTGP owns less than 1% of GTHI.
Yet, GTGP stockholders aren't bothered that they are going to be completely and totally shut out of the biggest deal of the last 5 years.
Worse yet, the stock gets suspended and they are claiming that it will trade above the pre-suspension price in the very near future. The stock price has dropped 85% and the value of GTGP shares traded per day has dropped 98% to about only $3,000 per day.
GTGP has failed to file 7 years worth of GAAP financials with the SEC, 28 10qs and 10ks and yet stockholders aren't fazed by this.
Finally, it has been proven, with the use of GTGP very own SEC filings, that GTGP has filed fraudulent financials and fraudulent documents with the SEC, yet stockholders claim that the company is not a scam.
Will love to hear the twist on the story when the stock starts trading in the $0.0001-$0.0002 range and gets revoked.
go figure
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