Global Technologies Group, Inc. (GTGP)

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FINRA Case #2005001988201>>>>>Interesting read GMUS +SLUP + Mark Beloyan + Tradespot ~

B. GMUS Stock

GMUS is a Florida corporation that was formed in July 2004. Beloyan was one of its founders. During the relevant period, GMUS was a development-stage company that operated a diversified entertainment company that webcast music videos of unsigned artists and bands from around the world. GMUS's operations, from its inception through the end of March 2005, were devoted to strategic planning, raising capital, and developing revenue-generating opportunities. For the quarter ending March 31, 2005, GMUS reported a working capital deficiency of $1,388,624, had no revenues, and had incurred a net loss since its inception of $135,278. The company also reported substantial doubt about its ability to continue as a going concern. In 2004, GMUS secured agreements with well-established communications companies to providemusic videos and ring-tone music.

http://www.finra.org/web/groups/industry/documents/nacdecisions/p125318.pdf