Replies to post #80651 on Global Technologies Group, Inc. (GTGP)

[Highland]

Correct...Plavin met with Merdi only according to sources close to the paper!

[Flat Foot]

The joint release agreed to by global/merdi/mse doesn't give
any transparency to anything. To many issues that arose during
"our" DD? Is Jimmy talking about both companies or only GTGP?
IMO, hard to tell.

I'm not blaming either company....BUT

MERDI and MSE, Inc. are real companies that have been around a
very long time with a verifiable history, everybody knew they've been financially struggling for years and years.

On the other hand.....

GTGP and Jimmy has nothing that is verifiable.
Recently suspended by the SEC = that's not good.
Recently questioned by FINRA = that's not good either.

No financials as of today = nothing.

From a credibility standpoint - all the pressure is on Jimmy.

Fallacaro is the only one responsible for GTGP'S suspension and all the other "unknowns" because he's chosen to operate
GTGP in the dark - No excuses.

IMO, this really cripples GTGP. They've been striving for this deal to be legitimate nearly the entire year of 2012, and now it's
history.

This never was a "real" purchase like real companies pursue these real buyouts. Maybe this was smart for both sides, but much smarter from the MSE/Merdi side, especially with Jimmy's lack of history/success.

Time will tell but this isn't good for the Fallacaro fan base.

Now what?

If the MBS product was worthy ~ Why would anyone waste so much time trying to take over a struggling company that's a huge cash cow week in and week out?

“We are extremely disappointed this deal did not work out.” stated Global President Jim Fallacaro. “Both sides were working very hard to complete the deal. Unfortunately, there were just too many hurdles that arose during our due diligence that could not be overcome.”

jim didn't speak to the papers, it was a written joint statement which is on gtgp website.Plavin had nothing to do with what was done in writing which should be the main information document