I noticed you have not posted much since 2001 when you created your alias. Why have you suddenly woken up now and started showing interest in this company?
Your pretty bold to start calling GTEM a scam.I tried to look at your posting history - this is your second post to this board and 3rd post to Ihub. You must be posting under another name, care to identify yourself from another board? You seem to know the names of others?
Nevermind - it just looks like your here for a drive by bash. Posting one comment after another.
Can you post where you obtained the information you posted. Please do not say the 10Q as nothing in the 10Q states what you have posted. I thank you in advance.
The company anticipates increased cash flows from 2006 sales activities; however, additional cash will still be needed to support operations. Management believes it can raise capital from various funding sources, which when added to budgeted sales and current working capital, will be sufficient to sustain operations at its current level through January 1, 2007. However, if budgeted sales levels are not achieved and / or if significant unanticipated expenditures occur, or if we are unable to obtain the necessary funding, the company may have to modify its business plan, reduce or discontinue some of its operations or seek a buyer for all or part of its assets to continue as a going concern through 2006.
Or did you want to know how much management compensated itself in 2005?
In view of the litigation, SEC and AMEX investigation(s), the public disclosure of GTEM's association with "shady" characters and accounting irregularities, I take issue that GTEM's ability to raise cash will be a cakewalk.