Since GTSM has not filed SEC filings in over 8 years ANTS is the perfect match.
By: Tilyou 
21 Feb 2003, 07:49 AM CST
Rating:  | Msg. 4170 of 4442
(Reply to 4169 by ljkunzler)
Jump to msg. # | GTSM sales - NEW one! You haven't seen this one before.
At least it is the first time I have posted it.
Note that in 1997 Galtech claimed it had emerged as a "production" company -- and of course now, SIX years later, NO PRODUCTION: the company doesn't even have money to make tests in an attempt to make something it can sell.
It hasn't sold ANYTHING in OVER 12 years!!! It's sold practically nothing since it was founded in 1984.
GTSM now admits it doesn't know how to reliably reproduce its supposed miracle boule of 1987. It's only remaining scientist (the one who irresponsibly made the 1987 claim) is now 77 years old. Happy birthday Allred!
Note also that Chapman -- the name behind the press release -- is apparently still involved in GTSM -- talking to shareholders (based on RB posts) and funding legal fees for some of GTSM's SEC statements (according to the statements).
GTSM = credibility zero.
and lucky you, as usual I provide the basis for my opinions -- see below.
- Charles
===============================================
February 4, 1997, Tuesday
SECTION: Financial News
HEADLINE: Galtech Completes Private Placement
Galtech Semiconductor Materials Corp. (OTC Bulletin Board: GTSM) announced today that it has completed a private placement with private investors and M.H. Meyerson & Co., Inc. (Nasdaq: MHMY) a securities firm located in Jersey City, New Jersey.
Galtech CEO, Russell Chapman, commented, "This funding enables us to acquire strategic production equipment which marks the emergence of Galtech from a development stage company to a production company in its Semiconductor Materials Division.
For the balance of 1997 we anticipate making significant market penetration with our Cadmium Telluride product and are expecting profitability by the end of the third quarter." | By: Tilyou
21 Feb 2003, 07:49 AM CST
Rating: | Msg. 4170 of 4442
(Reply to 4169 by ljkunzler)
Jump to msg. # | GTSM sales - NEW one! You haven't seen this one before.
At least it is the first time I have posted it.
Note that in 1997 Galtech claimed it had emerged as a "production" company -- and of course now, SIX years later, NO PRODUCTION: the company doesn't even have money to make tests in an attempt to make something it can sell.
It hasn't sold ANYTHING in OVER 12 years!!! It's sold practically nothing since it was founded in 1984.
GTSM now admits it doesn't know how to reliably reproduce its supposed miracle boule of 1987. It's only remaining scientist (the one who irresponsibly made the 1987 claim) is now 77 years old. Happy birthday Allred!
Note also that Chapman -- the name behind the press release -- is apparently still involved in GTSM -- talking to shareholders (based on RB posts) and funding legal fees for some of GTSM's SEC statements (according to the statements).
GTSM = credibility zero.
and lucky you, as usual I provide the basis for my opinions -- see below.
- Charles
===============================================
February 4, 1997, Tuesday
SECTION: Financial News
HEADLINE: Galtech Completes Private Placement
Galtech Semiconductor Materials Corp. (OTC Bulletin Board: GTSM) announced today that it has completed a private placement with private investors and M.H. Meyerson & Co., Inc. (Nasdaq: MHMY) a securities firm located in Jersey City, New Jersey.
Galtech CEO, Russell Chapman, commented, "This funding enables us to acquire strategic production equipment which marks the emergence of Galtech from a development stage company to a production company in its Semiconductor Materials Division.
For the balance of 1997 we anticipate making significant market penetration with our Cadmium Telluride product and are expecting profitability by the end of the third quarter." | |
