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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area -- Ignore unavailable to you. Want to Upgrade?


To: Crossy who wrote (3127)2/26/2002 2:18:51 PM
From: Mahatmabenfoo  Read Replies (2) | Respond to of 37387
 
Crossy,

This statement:

"I still cannot determine whether their compound semi process is any good or not. I however realized that if it were any good, payoffs would be handsomely and so I bought a position"

is the nonsense (or worse) to which I object.

It implies that GTSM has some sort of process for you to evaluate, and that you are qualified to evaluate it, and that you have some sort of access to observe it or study its results.

BUT GTSM has NOTHING except a history of blatant fraud. It is a comedy show.

The only activity GTSM even claims in SEC reports to have accomplished since 1990 is a SINGLE test boule. It claims to have sent that to a government lab for testing, but no lab every produced a written report. Instead GTSM only produced what it absurdly and pseudo-scientifically refers to as its "white paper" which claims it's boule is super based mostly on GTSM's OWN VISUAL observation. Verity, which was funding GTSM wasn't amused -- why do you think it pulled its promised funding after it became clear there never would be a written lab report?

Here's an idea for DD: contact someone in the semiconduct biz that's knowledgable about CadTe. I did -- a PhD level academic who grows such boules, and for that reason has grown more boules than GTSM since 1990, and who is not a competitor with an ax to grind. He told me GTSM does not have a reputation for honesty. No one takes it's claims seriously.

Then consider GTSM's press releases in the 1990's: the 1996 annoucement of semiconductor facilities that don't exist, or the $10M for the GTSM motor which never became real. In fact GTSM appears to have lost the motor patent entirely -- its SEC statements (including the times you were trumpeting the company) indicated the patent is held by a GTSM subsidiary WHICH NO LONGER EXISTS. It was dissolved under state law. Is it any surprise GTSM has since tried to cover that up by claiming to have since transferred 90% of its interest in the motor to UNfunded new company coincidentally run by the original investors?

In short, even a simple check of basic SEC information and historical press releases shows GTSM is not a company to be taken remotely seriously. You speak grandly about still working to "determine" whether GTSM's semiconductor process is "any good" when the company is obviously a snake-oil love-potion fake of the first order.

- Charles