The article is 4 years old. GLGT at the time had different management. That article is referencing a proposed merger, NOT A REVERSE MERGER. That management is gone and thus that article is moot.
BS! No management change. Look at the filings. Long term shareholders are hoping 4 years is long enough to forget. RM rumors are speculations and nothing more.
Also notice the buyer beware skull and crossbones.
Then you state that the GLGT shell is still for sale, yet if you just look at the sticky at the top of the board you will see an amendment filed with the Nevada SOS stating that Victor Farias is the new president. SO THAT IS MOOT.
Reading a sticky on this board does not constitute DD as much as you would like new investors to think that it does. Anyone, including the shell selling institution, including shareholders, including anyone you can think of, can reinstate a company in Nevada for about a $60 fee. It happens all the time for all kinds of reasons, most of them not good.
Then you reference an article about the SEC suspending hundreds of shells rife for fraud. That is a general article and not specific NOR implied to GLGT. Additionally, Victor Farias just purchased the GLGT shell and I could not find any history on him, scam companies or anything like. This reference is akin to telling people not to take cruises because the Titanic sunk on its maiden voyage.
It is still for sale. As of 04/21/2014 and the article very much applies since GLGT fits into the category of "empty shells"
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