Replies to post #63529 on Global Technologies Group, Inc. (GTGP)

[236T568]

Ripnrog, wrong yet again


While CEO of Falcon, Fallacaro raised about $9.0 million in cash, all of which was gone in a matter of months. Zero revenues came in during the three years that financials were filed with the SEC, up to the Nov. 30, 2000 quarter.

Fallacaro, while CEO of Falcon, then transferred all of Falcon's assets to himself and/or his wife, leaving an empty shell company with no assets, no business, no nothing for the stockholders of the public company.

Then Fallacaro, while CEO of Falcon, failed to file the financials for Falcon for the 2001 and 2002 years with the SEC.

Then Fallacaro, while CEO of Falcon, failed to file annual reports and pay corporate taxes for 2000 and 2001 to the State of Delaware and got Falcon VOIDED as a corporation by the State of Delaware in 2002:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79768365

so after completely and totally destroying Falcon and sucking all the assets out of it and voiding it with the State of Delaware, Fallacaro left the worthless, voided company

Falcon then got REVOKED by the SEC

I hope this helps

incorrect... Jim left Falcon 7 years before it had problems...