Global Technologies Group, Inc. (GTGP)

[IAMMINDFULL]

since you asked, here ya go!

Beloyan further says the stocks he trades have between six and 15 market makers, a fairly high number as far as penny stocks go, according to one trader in the know. Beloyan adds that contrary to popular belief, these are generally 1- to 3-year investments for himself and his clients. “I'm not here to short-term trade a bunch of penny stocks, I'm here to fund deals,” he says. He gets a 5 to 10 percent commission on every purchase his clients make in one of his “504” private placements. A 504 private placement is one in which unregistered securities — worth up to $1 million, as per SEC rules — can be sold to retail clients. After finding buyers, he registers the securities with the SEC through what's called an SB2, a 30- to 40-page document that includes a prospectus of the deal. The SEC asks questions, and if it approves the deal, the issuer gives it to the market makers who file a 15c211 with the NASD in order to get a ticker symbol and begin trading. The whole process, from idea to IPO, he says, generally takes six to 12 months.

Of course, Beloyan's cause, and his credibility, aren't helped by his association with a company that was busted (among 34 others) in March, in an SEC sting known as “Operation Spamalot.” To varying degrees, the SEC's case documented email blasts promoting the stocks of the 35 companies that were sent to hundreds, even thousands of investors — including one spam that arrived in the inbox of the SEC's director of public affairs. The estimated cost to investors from the activities of the 35 firms is in the “tens of millions,” according to the SEC press release on the matter.

Beloyan won't say which of the companies he was linked to, only that he raised $1 million for the company in a convertible debenture in 2003, and that he and his clients own several million shares of the company's stock. Incidentally, he believes this is why the NASD is investigating him. His reason for not disclosing the company's name is that he's confident that the company, and the technology it is developing, are both legitimate and will one day make him a rich man.

The other two deals that Beloyan has done recently are listed on the OTC Bulletin Board — Global Music International (GMUS.OB) and Waterpure International (WPUR.OB). Global Music is a content aggregator that delivers music videos and music tones to mobile phones and other wireless devices. Recently, the company issued a press release announcing a partnership with China Unicom Newspace, a subsidiary of China Unicom, the third largest cell phone carrier in the world, to offer its content to China Unicom customers. The other venture, Waterpure, sells portable dehumidifier machines that take the moisture out of the air, filter and clean it, creating up to five gallons of drinkable water per day, says Beloyan. The Waterpure idea, Beloyan recalls, was hatched with a client while they were on a boat in the Florida Keys shortly after Katrina hit. “We were talking about what the world could use right now,” he says. But both GMUS.OB and WPUR.OB typify how speculative his companies can be. Global Music grossed just $126,526 in revenues from its inception in July 2004 through March 2007, and Beloyan acknowledges the Waterpure concept hasn't taken off yet — revenues since its inception in June 2005 are zero. But he remains confident: “None of the ideas are mine, but I have vision. I can see possibilities where others can't.”

GTGP