Wednesday, April 26, 2006
Thursday, April 20, 2006
Unsealed Indictment For the GTXC Co-conspirators
Wednesday, April 19, 2006
GTXC, The end is nearer than we thought
GTXC Gatelinx GTX Global, How much longer for the Hagen's?
BY JOHN CHAPPELL: Staff Writer (www.thepilot.com) <-- local NC newspaper
The parking lot outside Gatelinx looks deserted now. Once a small tide of local people came to work at the former Winn-Dixie store on Poplar Street near U.S. 1. There were so many employees that Annette Hagen — wife of founder David Hagen — designed a New York style delicatessen to service lunch breaks. It was to attract the public as well — part of a prandial package to include Grey Ghost and a gourmet restaurant in a lavishly restored Jefferson Inn.
The deli never opened. Work on the Jefferson ground to a halt. Grey Ghost returned to its original owners and its original name. Now only a few cars dot the Gatelinx lot. The Hagens recently divorced, according to their son, Derek Allen Hagen. But the Hagens and their former companies faced and still face a series of lawsuits.
Rick Stefanik sued over issues related to ownership involving shares of stock — in this case based on software he said he had written relating to artificial intelligence and high speed voice and video communication over the Internet. That suit was settled in a confidential agreement in December.
Both Hagens served time in federal prison for bankruptcy fraud convictions under the name DeFusco. Last year, David Hagen resigned as CEO and director of Gatelinx Global “for the good of the company,” and Gatelinx Global changed its name to GTX Global, according to a statement by the company.
Last month, in a case brought in San Diego, Calif., opponents won a $1.5 million judgment against David Hagen, and others involved with him.
In January, Superior Court Judge Michael B. Orfield directed he pay Euro RSCG Direct Response (“Euro”) in the amount of $1,673,425.69 plus interest, accruing at $340.99 per day. On March 30, that judgment was filed with the office of the Moore County Clerk of Court.
In Texas, a judge in Collin County ordered Gatelinx pay $150,000 in principal damages to Parago Inc. That court also ordered the company to pay attorney’s fees in the amount of $4,933.26 in addition to the principal judgment.
In neither case did Gatelinx or the Hagens appear to defend against the claims. Both judgments were rendered by default. When one party to a suit fails to show up in court, the other side automatically wins, in most cases.
“The plaintiff ‘Parago’ came on to be heard,” Texas court records show. “Parago appeared by its attorney of record and announced ready for trial. The defendant, Gatelinx Corp. (‘Gatelinx’), although having been duly and legally cited to appear and answer, failed to appear and answer and wholly made default.”
After the time required by law passed with no answer, the judge read all the filed papers and decided that the allegations against Gatelinx had — by default — been admitted. It was as if the company had pleaded guilty as charged to claims against them in the lawsuit by not responding or showing up for court.
An issue in the Stefanik action had been the failure of Annette and David Hagen to come to court-ordered mediation. There had been a motion for sanctions that could have meant jail, but Stefanik withdrew that motion when the case was settled.
The court then found Gatelinx liable for damages, attorney fees and court costs. Much the same thing had happened in California, where Euro’s lawyers filed “ex parte” — that is, without Hagen or his lawyers present — for entry of judgment, again “upon default.”
On Monday, in Moore County Superior Court, attorneys for David Brady will bring the latest motion in their suit against the Hagens and two companies with which they have been associated, Hauge, LLC and Grey Ghost, LLC. A previous claim of more than a half-million dollars was settled a year ago, with Hauge and Grey Ghost agreeing to pay $552,000 plus 6 percent interest in 24 installments. Anyone STILL wondering whether or not these guys are crooks?
Tuesday, April 18, 2006
UPDATE
http://www.junkfax.org/fax/profiles/wsp/wsp.htm <-- read more about the GTX Global "Team"
The balance sheets, see previous post for the link, also include this dubious statement.... "management believes that a majority of the receivables are doubtful"SO, the whole thing about $10 MILLION PLUS dollars being receivables, and the only tangible/fungible asset on the balance sheet is bunk.
Last, here's the language on the Howell Wolz lawsuit. "On February 21, 2006 the Company was served with a Summons and Complaint styledSteward Trust Limited and Sterling Trust Limited v. GTX Global Corporation a.k.a. Gatelinx Global Corporation 6CVS00211. The suit seeks resolution of a dispute related to company shares that were to have been issued to Sterling Trust under a subscription agreement." Clearly, there's been a falling out amongst the thieves and this might be but one reason why Annette's car can't get to the Bahamas, and why David can't run there with the ill gotten gains. Howell is VERY connected in the Bahamas (despite being a crook)
More Smoke and Mirrors from GTXC
First, look up Robert Von Briessen and there are no cert's, filings etc. He's a CFO, who lives and has a personal e-mail address for pinewild country club, and there is no trail. Hmmmm...
Second, in the filings, they now disclose what you heard here first, that the facilities and operations that they have around the world, weren't real. Quote, from the filing...
The Company leases rack space in four server co-location facilities s as follows:
1380 Kifer Road, in Sunnyvale, CA 94086 @ $270.00/month;
111 North Canal Street, Suite 200, Chicago, IL 60606 @ $275.00/month;
300 Bent Street, Cambridge, MA 02141 @$200.00/month; and
5821 Fairview Road, Suite 103, Charlotte, NC 28209 @ $1,913.85/month.
No other facilities were listed (save the mail drop in Nevada, and the Gatelinx homestead in Southern Pines, NC). Where's Bulgaria? Where's London England? Where's the "sales, marketing and operations" offices in San Francisco?
There's more.. read the filings, compare them with other filings and with their own website, press releases and (yes) even this blog.
Read the bio of the esteemed CEO, Curtis Garth. Now there's a leader. Where the bio for Ivan? Where's the bio's for the sales and marketing? (oh wait, they don't have any) Where's the bios for the CFO?
Notice in the financial filings it doesn't say where the revenue came from. Cause it ALL came from DishTV Now. Not one penny came from Gatelinx, er.. GTX Global...er... GTXC. And, since they sold Dish, where are ANY revenues gonna come from? They're "working through licensing and marketing agreements to develop a customer base with the resultant income stream. Management is also attempting to arrange further equity financing..." SCARY. No revenue, no technology, BS partnerships (yadio, govalin, heelstrike) and they are attempting to get further financing? How about taking some of the money from the stock scheme to fund it?
Last, 3,000,000 share to hagen (does that include the 1,000,000 share of preferred he was issued?) Do a level II search and find out how many they've been dumping.
INVESTOR BEWARE... GTXC is a scam.Monday, April 17, 2006
GTXC GTX Global Gatelinx
Friday, April 14, 2006
GTXC Managed Pump...
Tuesday, April 11, 2006
GTXC GTX Global Gatelinx
I'm not one to tout any stock or company. Heck, after buying into David and Annette Hagen's BS (and now Ed Ovsenik acting as a schill as well) I'm loathe to even think about this kind of technology. iPhone is only put here as an example to the people looking to invest in the POS called GTXC, GTX Global, Gatelinx... whatever.
Notice the difference between any of GTXC's web sites and Iphones, not on the positioning or even the product stuff... but on the information that investors care about.
- Management Team Bio's. They have them, where are GTXC's? (do even a google search on any of the so-called GTXC exec's and find nothing) I know Christine Roget from a past life, she's a stud.
- Press releases that go beyond "marketing alliances" and "licensing" to actual releae of beta product etc. that show they are (at least appearing to) manage the process
- Clear strategy AND execution that fits with the strategy. (GTXC has one strategy and a different execution)
- Real revenue, that although it's small, they document it, file it and talk about it. (GTXC talks about the revenue to come, but folks, there aint nothing there)
- Legitimate corporate addresses and contact info. (GTXC, etc., has generic e-mails, a foney phone system, a BS Vegas address and false company offices and facilities.
Investors beware. GTXC IS A SCAM
Monday, April 10, 2006
GTXC Gatelinx GTX Global
five co-locations in Los Angeles, California; Chicago, Illinois; Boston, Massachusetts; and Charlotte, North Carolina, in the United States and London, England" The co-lo facilities were (emphasize WERE, past tense) soft-switch locations of 2 servers for the GNE (a global softswitch and routing network). They're not "co-lo" like everyone would think (i.e. data centers, racks of gear, etc). "20 employees" HUH? no way.. not even at the height was it 20. "also an office in Sofia Bulgaria". Ivan Ivanov, listed as CTO, was a contractor in a co-lo facility in Charlotte, after the facility in Raliegh kicked them out for non-payment in mid-04, that Gatelinx used. Ivan was responsible for the turn-up and maintenance of the servers after Rick Stefanik (original CTO) "moved on to better opportunities". The 6 "employees" listed in Sofia, were Ivan's guys (he's Bulgarian) but were never employees and did no work on anything Gatelinx/GTXC/GTX Global related. They say they have "business development, marketing and operations in San Francisco" http://www.gtxc.info/Media/WhitePapers/ataglance.pdf NOPE.. no way. No employees, no operations and certainly no facilities. Don't believe me? ASK THEM? (I did, 3 times... with offers of business and wanting to meet with them in SF and got NO RESPONSE) 6. Look at the documents... they buy and license back their own technology http://www.gtxc.org/Resources/GTXC-VIZCONewsRelease.pdf and yet everyone of their documents on the web site(s) use old naming conventions (simply global search and replace for GTX Global versus Gatelinx) and aren't even updated. Folks, if it quacks like a duck, etc. Annette is driving around in a new Porsche Carerra GT, David in a new Bentley. Their kids, one in school in San Diego, were on the payroll of Gatelinx for years (hiding income and taxes). They've ducked out of numerous obligations, signed the same promosory notes (against the same assets) to stay afloat in 04 and early 05 (after the Prime TV debacle) and haven't yet been able to quantify what it is they actually do, who's bought it, how much revenue they have, and what are their prospects. Now that the restricted period has passed, they've dumped shares all over the place and are preparing to ride off into the sunset (David and Annette established residency in Bermuda so guess where they'd like to run off to?) with investors money, and former employees, vendors and investors left high and dry.
Thursday, April 06, 2006
GTXC nee Gatelinx
Despite the claims that David Hagen has "resigned his positions as an officer and director of Gatelinx Corporation in contemplation of GTX Global Corporation going public. Mr. Hagen is not an officer or director of GTX Global Corporation."... he still has an office in the only facility they occupy (despite the claims of Bulgaria and the like) still has a direct dial line and still is the only person pulling the day to day strings.
The call center (formerly "DishTV Now" and "Prime TV" satellite sales for Dish Networks and DirecTV) is empty, but he's thinking about starting (and this is ironic to the extreme) a SMS (short message service) PRAYER LINE.
Additionally, and probably more importantly if you want to really know who these guys are....David Hagen personally, and Gatelinx as a corporation, have 2 default judgments against them for non-payment of wages in California. They never responded to any of the subpoenas nor did they show up at the hearings.
GTXC
Tuesday, April 04, 2006
GTXC dump dump dump
- There hasn't been any sales and marketing staff or activity there since (effectively since 11/04) but technically since 2/05.
- No Customer service/support since 12/04
- The product management function hung on for a while, but, when Chuck Manning (former lead developer) ran off early in 05 with Annette Hagen (David Hagen's wife... er.. soon-to-be-ex-wife I guess now) to Europe and never delivered anything other than beta level code no one ever produced anything.
- The demo's they ran at "VoiceCon 06" were less than what was demo'd and showed in March of 04 (at VoiceCon) , and again at N+I in May of 04.
- The literature touting the "products" have old "product design spec" UI designs and badly kluged up screen shots.