Wednesday, May 17, 2006

GTXC GTX Global nee Gatelinx Time for a Re-cap

A comment (posted on this blog) on the whole thing, sparked a thought. How is GTXC doing versus all the announcements? (of course, now that the market has picked up on this scam, the announcements have dried up)
Let's review...
Yadio: 4 different announcements.. wait.. no, thats 5. They, merger, terminate merger, marketing, license. Anything happening? I wonder if or have read this blog?
Annual Meeting: no reports, updates or announcements
Teleview: This is a good one. Since the Sept of 04 original Gatelinx announcement and the December 05 (almost verbatim) GTXC re-announcement (but now "accelerated"), nothing since. Any deals? Any product development? (That would be tough since there are no developers or product management folks left)
Govalin and Heelstrike: $2M each in license fees, but the due diligence goes on and on and on and on.
SEC Filings: An updated financial statement (on 4/10 and 4/12) to get back on "" with more holes in it than swiss cheese. Any updates? How about an 8K filing for the new CEO and his comp/equity grant etc.? (pssst, there wont be one, David and his band of merry men are keeping all the stock. The new CEO won't be getting anything) Or an 8K filing for material change? (Curtis Garth going back to being a call center manager)
SDK's: Same story as the Teleview. Gatelinx announcements, repurposed for GTXC with no customers, product or development. Plus, the SDK's were on the old Gatelinx product.
Web sites: still got the 4 or 5 Gatelinx sites, that were repurposed for GTXC. Now, though, even the Press section is "under construction" (as a comment pointed out on this blog) and all the "at-a-glance" and company info is inaccurate compared to their pinksheets/SEC filing.
There's more. All documented here... but I grow tired of this game. Simply put, GTXC is a scam.


Anonymous Anonymous said...

And don't forget everyone's favorite AI announcment...

I know ever since that announcement, I've had a ton of questions anytime I mention I worked for them.

11:10 AM  
Anonymous Anonymous said...

good luck gatelinx uhh gtxc uhh itv uhh whatever

2:18 PM  

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