Replies to post #81099 on Global Technologies Group, Inc. (GTGP)

[Flat Foot]

GTGP~Great Post - Factual = A Must Read!!!!

[Windchime]

Renee, I did go back and reread the suspension order.
The paragraph which preceded the statement you quote is the following

Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11 under the Exchange Act, at the termination of the trading suspensions, no quotation may be entered unless and until they have strictly complied with all of the provisions of the rule. If any broker or dealer has any questions as to whether or not he has complied with the rule, he should not enter any quotation but immediately contact the staff in the Division of Trading and Markets, Office of Interpretation and Guidance, at [phone]. If any broker or dealer is uncertain as to what is required by Rule 15c2-11, he should refrain from entering quotations relating to the above -named securities until such time as he has familiarized himself with the rule and is certain that all of its provisions have been met. If any broker or dealer enters any quotation which is in violation of the rule, the Commission will consider the need for prompt enforcement .

________________________________________________________________________________________


My interpretation of the "most over looked statement" is that it pertains to Rule 15c-211.

[buccaneer1961]

why oh why do things get twisted when it clearly stares one thing and not the other is beyond me :p

[236T568]

look for those DOJ criminal securities fraud indictments against Fallacaro and others to be issued sometime in the near future, probably before the Notice of Revocation that GTGP is going to receive from the SEC.

The most over-looked statement in GTGP's Suspension Order is:
The Commission acknowledges the assistance of the New York District Attorney's Office in connection with this matter.

www.sec.gov/litigation/suspensions/2012/34-67868.pdf

The Suspension was not merely about GTGP's 'adequacy' issues by the absence of any Financials.

As simply as can be said, the SEC and the District Attorney's Office believe frauds were committed.

Whenever the SEC files civil litigation charges and the New York Attorney's Office files criminal charges it will be most likely about GTGP the public entity purportedly acquiring MSE for GTHI the private, non-public entity, and any Securities Violations that occured, including news releases that likely facilitated the frauds.

GTGP shareholders and / or potential shareholders are absolutely wrong, wrong, wrong to think that Fallacaro can easily fix this situation. It is unconscionable to pound the table asserting that GTGP the stock is a good investment when GTGP the stock is doomed.

To ignore the many warning signs is reckless in every context.
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