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.