GlobeStar Therapeutics Corp (GSTC)

[Voices of Reason]

As we can see, the hype surrounding the initial production figures were astronomically different from the actual production, no wonder the revenue figures are so low.

It was a year ago that the company was highly touting multiple press relases that "Current estimates for the drilling site range from 400,000 to 800,000 barrels of oil a day in production.": http://www.pennenergy.com/articles/pennenergy/2012/03/alabama-oil-well-rigging.html

In reality, the cumulative production over the first 10 months, amounted to a mere 54,000 bbls. Furthermore, FTTN cleaverly forgot to mention that their net interest in this barn burner well was only 1% (net of 540 barrels over 10 months vs. 400-800,000 bbls PER DAY)!!

It is just astounding that the SEC has not yet come down on this turd for the grossly misleading press releases alone.