Summary of SHAME
Your shame and GTSM's shame.
You don't question whether any of the following statements -- all exact quotes -- were really made. And they add up to GTSM claiming:
- it had production facilities in 1996
- it made sales of over $1,200,000 in 1997
- a group in 1996 planned to invest $10m in GTSM's motor
- 1987 GTSM made "possibly the most significant breakthrough since [semiconductor] crystals have been grown"
and you don't deny that all of them appear to be 100% untrue to date. We know GTSM had no facilities in 1996, and that the sales from that imaginary facility were equally imaginary.
You basis for attempting to slander me here (and to accuse me of slander) is that GTSM didn't say it received $10m for the motor, it said a company "planned" to invest that amount.
That's the sort of criminal reasoning scam companies often use. For example, TXMC has led on many investors for years, starting nearly 4 years ago with its announced over $40million backlog, and many "memos of understanding" etc. later -- all to imply the company had a real product that would sooner or later result in real sales. But TXMC never made a real sale.
TRKR also frequently announced deals, often with impresssive companies (Schwinn, Sony records) but they never became deals either.
As long as there are some hedge words in there, the scamsters feel safe. It seems not to matter that the companies that promised to buy never ever really buy -- just as in the case of GTSM Verity never invested what it promised, and Adams "planned" to give $10m but never gave a cent, and the GTSM announced sales never amounted to cent either.
But for the short term it looks good -- gulling the innocent, and giving the pumpsters something to try to rally the faithful.
And now you're part of that process.
Aren't you embarrassed? Is getting your investment out of GTSM's house of shame really worth it?
- Charles
========= GTSM CLAIMS TO HAVE FACILITIES =====
June 18, 1996, Tuesday
HEADLINE: GALTECH ANNOUNCES OPENING OF NEW FACILITY IN SALT LAKE
CITY, UTAH
Galtech Semiconductor Materials Corp. (OTC BULLETIN BOARD:
GTSM) announced today the opening of its new facilities in Salt
Lake City, Utah to produce Cadmium Telluride semi- conductor
material.
====== IMAGINARY FACILITY -- IMAGINARY SALES! ===============
April 8, 1997, Tuesday
HEADLINE: Galtech Semiconductor Materials Corporation Initiates Sales For 1997
Galtech Semiconductor Materials Corp. (OTC BULLETIN BOARD: GTSM) announced today that it has reached an agreement to sell the Company's Cadmium Telluride large area single crystal substrate material to a semiconductor industry research group.
========== GTSM CLAIMS MORE SALES ===================
MICROTECHNOLOGY NEWS
HEADLINE: New Supplier Gets Big Order
August 1997
Galtech Semiconductor Materials Corp (Mesa, AZ) said they received a $1,200,000 order for their Cadmium Telluride large area single crystal semiconductor material. Galtech president and CEO, Russell Chapman, stated that "Bookings for the second quarter are substantially higher than those of the first quarter, which it should be noted. is the initial sales period for the company."
== 1996 GTSM CLAIMS INVESTMENT IN MOTOR ==============
"Galtech Semiconductor Materials Corp. signs $10 million deal with Adams & Associates Ltd." Adams & Associates is planning to invest $10 million.
Russell Chapman, chief executive officer of Galtech, stated, "This vehicle could
do for the electric vehicle industry what the model T did for the automobile
industry." Larry Adams, CEO of Adams & Associates, stated, 'This deal has
more potential than any other deal that Adams & Associates has ever been
associated with and I am very excited to be a part of Galtech.'"
=========== 1987 ============
Galtech Semiconductor Materials Corp. has announced a major breakthrough in the
growth of gallium arsenide. ''This is perhaps the most significant breakthrough in
techniques of compound crystal growth in the past 34 years ... possibly the most
significant breakthrough since crystals have been grown,'' said Worth P. Allred |
