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Technology Stocks : GALTECH SEMICONDUCTOR MATERIALS CORP. (GTSM) -- Ignore unavailable to you. Want to Upgrade?


To: gammaray who wrote (350)6/14/2002 4:50:45 PM
From: Mahatmabenfoo  Read Replies (1) | Respond to of 394
 
I found all three on "Nexis" - a compendium of print media available at Lexis-nexis.com. All three are EXACT quotes, cut and pasted.

With lies of this magnitude, no serious person would ever believe a thing GTSM said.

- Charles

============
#1 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....This means that the quality of GSM's gallium arsenide is approximately 10 times superior to substrates currently being produced. GSM, a current manufacturer and supplier of high quality cadmium telluride, gained recent notoriety with the superior quality of their products as well as wafer size being two to three times larger than the industry standard.

#2 Galtech Semiconductor Materials Corp. has opened new facilities in Salt Lake City. The company produces cadmium telluride semiconductor material.

#3Galtech 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. ...Galtech CEO, Mr. Russ Chapman, states, "We are enthusiastic about our new facility because Cadmium Telluride is the semi-conductor of the future and, with the additional equipment, Galtech is poised to become a chief supplier to the multi-billion-dollar semiconductor industry.
===========

#1 is from 1987 and has been proven a lie by the following 15 years!

#2 and #3 from 1996 and are both 100% lies. GTSM did not product semiconductor material then.



To: gammaray who wrote (350)6/14/2002 6:55:20 PM
From: Mahatmabenfoo  Read Replies (1) | Respond to of 394
 
Slander

G,

Before you had a personality transplant and became Norm, YOU AGREED about my views about GTSM's press releases. Now you question whether they exist (or you did, until I have you my source and exact quotes).

As to slander, yes I know what it means. It also occurs when someone -- you for example -- repeat Norm's posts verbatim, even though you were not the original source of the words.

- Charles

======== Gammaray said in 264
Thanks for the source. I was stopped cold by the word expensive. I have had stock in gtsm for quite a while and consequently read the pr's from around 1996. I agree with you that they are shabby at best. However, some can be justified while others should have been retracted when they did not work out. One that comes to mind is the announcement about selling a partnership in the motor div to Adams and Ass sometime around 1996. Adams could not come up with the money and Galtech never rescinded the news. At the time I found it quite upsetting. The title was tricky but the news specifically said that Adams was planning to invest. The key word was planning and the result as previously mentioned was that Adams didn't have the dough.



To: gammaray who wrote (350)6/15/2002 3:16:59 AM
From: Mahatmabenfoo  Respond to of 394
 
More proof GTSM is a scam

Mr. Gammaray, remember when you wrote this?

-- I have had stock in gtsm for quite a while and
-- consequently read the pr's from around 1996. I agree
-- with you that they are shabby at best.

here's some more of those shabby prs. Actually, "shabby" isn't nearly a sufficent word -- this stuff is pure scam city!

GTSM didn't stop with its fantasy production facilities that it announced in 1996 -- the fantasy facilities had fantasy sales too!

In April 1997 GTSM announced "an agreement to sell" a large single crystal -- but we know from SEC statements that GTSM hasn't had sales or any product facilities from 1990.

And it gets better.

In August 1997 GTSM announced a $1,200,000 order. We know how much money GTSM got from that -- zero. The SEC statements say all GTSM got in its entire history was LESS than $600k, and that was sold at a gross loss in 1990 or before.

The hedge words used by GTSM (not a sale but an 'agreement to sell', or an 'order') is a common trick of scam companies to try to keep themselves on the legal side. Tirex (TXMC) announced an over $40 million "backlog", and after that at various times announced "memos of understanding" etc. --- but it never got REAL money. GTSM never got real money either -- except for the pre-1990 sales that were at loss on gross margin, and probably made just so GTSM could claim to have made sales.

Now with Leafer predicting GTSM shares will reach 50 cents by the end of the month, the pump is on big time.

Expect a sale. No, an "agreement to sell".

But if GTSM's past sales weren't real, how could anyone believe them now?

- Charles

=====================================
April 8, 1997, Tuesday
SECTION: Financial News
DISTRIBUTION: TO BUSINESS AND TECHNOLOGY EDITORS
HEADLINE: Galtech Semiconductor Materials Corporation Initiates Sales For 1997
DATELINE: MESA, Ariz., April 8

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.

While no sales figure was mentioned, Galtech president and CEO Russell Chapman stated that, "We're very satisfied with the pricing of the initial sale. The market for Cadmium Telluride substrates is expanding and we believe that our technology, built over 12 plus years, is just beginning to address rapidly growing commercial markets."

=======================================
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." Mr. Chapman added that he is "extremely encouraged by the consistency and purity of the Cadmium and Telluride being produced and expects sales to continue to grow in the future."

Galtech is an innovative research, development, and manufacturing company that specializes in developing new technologies.