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


To: gammaray who wrote (380)6/21/2002 12:55:30 AM
From: Mahatmabenfoo  Respond to of 394
 
You can try to brush this stuff off as "lawyer words" but they're also GTSM's words -- and they very clearly indicate that GTSM has had no operations since 1990.

Against that simple fact, GTSM's press releases claiming production facilities in 1996 and sales in 1997 are embarrassingly obvious lies. You also can't deny that until you recently became Norm(again)-ized you wrote here that GTSM's press releases were "shabby, at best".

- Charles

==== 10KSB April 02, 2001 ==========
We have not had any material operations since approximately 1990. In anticipation of renewed operations....

====== 10Q SB For the quarter ended September 30, 2001 ===========
Results of Operations.
We have not had any material operations since approximately 1990.

========= From Sb2 ===============February 5, 2001.=========
Galtech was organized on June 18, 1984
Galtech began operating in approximately January, 1986.
... A fire destroyed our facilities in 1990 and we have only recently recommenced our semiconductor development activities.



To: gammaray who wrote (380)7/26/2002 1:36:20 PM
From: Mahatmabenfoo  Read Replies (1) | Respond to of 394
 
THERE ARE NO ANSWERS!

GTSM itself says no operations since 1990 and it's total revenue (all earned 1990 or before) is LESS than $600,000 (and that with a loss on gross margin).

Which means the statements below were 100% flat-out knowing lies when they were made.

GTSM: credibility zero.
Russ Chapman: credibility zero.
GTSM shareholders with any remaining faith in GTSM: SAPS!

GTSM is a scam: pure and simple.

- Charles

================================================
MICROTECHNOLOGY NEWS
August, 1997
HEADLINE: New Supplier Gets Big Order

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."



To: gammaray who wrote (380)8/21/2002 7:52:28 PM
From: Mahatmabenfoo  Respond to of 394
 
There is no ambiguity or "lawyer words" here.

Russ Chapman's name was on the RPs announcing in 1996 that GTSM had a production facility and in 1997 annoucing sales (one for an undisclosed amount, the other for $1.2m).

We now know positively he lied --- GTSM's SEC statements say no product sold and no operations since 1990.

Now on RB Russ is back -- through his proxies -- inviting people to visit a facility, but not giving the address.

Ha! Lies again.

Companies like GTSM cannot be taken seriously by anyone but a prosecutor.

this makes your defense of GTSM look very ugly.

- Charles



To: gammaray who wrote (380)2/18/2003 7:49:58 PM
From: Mahatmabenfoo  Respond to of 394
 
GTSM has issued no press release for 14 months, but suddenly its stock price has zoomed an entire 5 cents, and the bughouse on RB is active. And the bugs say ol' Allred (77 now?) is working away... making invisible boules with the raw materials that GTSM doesn't have the money to buy.

can Gammaray -- defender of the undefendable -- be far away from reappearing here?

- Charles



To: gammaray who wrote (380)3/13/2003 1:13:54 PM
From: Mahatmabenfoo  Respond to of 394
 
More dirt on GTSM.

In a 1997 GTSM press release, it was M.H. Meyerson & Co., Inc. (Nasdaq: MHMY) that helped GTSM with the private placement that that was supposedly going to lead to sales and profitability in 1997.

The investment was suspicious because of the lying press releases GTSM issued around the same (the 1996 production facility that apparently didn't exist, for example) and because we know that in reality GTSM now admits NO OPERATIONS since 1990.

But it makes MHMY look bad too -- were it in on the scam? MHMY looks pretty sleezy too.

Birds of a feather?

- Charles

========== 2003 ===========================
biz.yahoo.com

The complaint charges that Meyerson and certain of its officers and directors violated Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder, by issuing a series of materially false and misleading statements to the market between February 28, 2000 and April 9, 2002. Meyerson is a NASD registered broker/dealer and investment banking firm. The complaint alleges that Meyerson failed to disclose in its required Securities & Exchange Commission ("SEC") filings material facts regarding pending litigation, including among other cases, that the Company neglected to disclose that it was the subject of a pending arbitration claim that ultimately resulted in a $5.0 million award against Meyerson. The complaint further alleges that Meyerson misrepresented in its SEC filings that it was the 50.0% owner of a financial software company, TradinGear.com, Inc. In fact, neither Meyerson, nor Emeyerson, ever held more than 5.0% of TradinGear's stock

========= 1997 ===========================
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."



To: gammaray who wrote (380)3/14/2004 7:44:01 PM
From: Mahatmabenfoo  Respond to of 394
 
Scam update

Tilyou translation service

galtech-corp.com

Galtech Newsletter February 2004

First of all, an apology for not having an update until this point in time.... While the company has made progress over the last year and a half, it was primarily on an R&D basis.

THERE WAS NO COMMUNICATION FOR *MORE* THAN *2* YEARS. EVERY BREATH THIS COMPANY TAKES IS A LIE!

While the company has made progress over the last year and a half, it was primarily on an R&D basis. This in turn had no correlation to sales and revenue generation.

HOW'S THAT FOR AN ADMISSION THE SEMICONDUCTOR NONSENSE WILL NOT LEAD TO SALES!!

For the past three years Galtech has been working to extract and refine a growth formula and process based on the research efforts of past scientific personnel of the company. It found that many avenues of research and development that had been attempted in the past were not practical or successful considering the current state of knowledge of materials science and technology. Basically, Galtech found itself trying to develop highly technical and sophisticated materials based on a thought process twenty years old.

SO ALLRED HASN'T BEEN INVOLVED FOR 20 YEARS, AND THE R&D TURNED INTO NOTHING -- NO ABILITY TO MAKE ANYTHING, JUST AS THE COMPANY HASN'T HAD *ANY* OPERATIONS SINCE 1990 (DESPITE *CLAIMING* SALES IN 1997!)

There are currently various efforts being made to give Galtech a new and broader approach to generating a wider range of business options, rather than to depend solely on semiconductor material as the company's revenue generating model

THE SEMI-CONDUCTOR SCAM IS DEAD -- SO THEY NEED A NEW SCAM.