GTX Global, GTXC.... The Smoking Gun
Well, one of the smoking guns actually. LOOKIE HERE... look what I "found." Remember that Howell Woltz, along with his wife Vernice, is federal lock-up on charges related to his "Sterling Group" of companies, of which, Sterling ACS was a prominent part.
see blog posts "Unsealed Indictment For the GTXC Co-conspirators " from April 20 and "GTXC, The end is nearer than we thought" from April 19 and this filing of denial of bail from the posting "GTXC co-conspirator updates" from May 25. http://www.junkfax.org/fax/profiles/wsp/woltz/WoltzBailObjection.pdf
So, now you know the names.. Woltz... Sterling Group/Sterling ACS ... check out this. (you might have to "right click" and "save as" then view full size in a photo viewer if the "click here to enlarge" doesn't work here at the blogspot.
Imagine, the co-cosnpirators... federally indicted for related (alleged) crimes... create a "valuation" of $30M and a "committment" of $5M. This is back at the time when after Gatelinx is scrambling for funds.. not paying vendors, employees or software licensors... andthen.. magically... (again alledgedly) the assets of Gatelinx, were sold for $1M just 2 short months after this letter of "committment". A quote, from their April filing...
"In December 2004, ALCC purchased assets of Gatelinx Corporation for $1,000,000.00.
These assets included specific intellectual property, software, and hardware that
encompassed the Video and Voice Over Internet Protocol (VVOIP) services provided by
the company."
NOTE: the ALCC referenced, AutoLeaseCheck.com is suspiciously close to the auto company referenced as one of Conrad Lysiak (the newly retained counsel for moving to "full reporting) "clients" stockclubz.com's referenced entities.
So, either one of a couple of things was going on... a precipitous fall in valuation from the $30M occured... OR, the "committment letter" was bogus from the start and just the beginning of the scam, or rather at that time.. attempted scam. With the players coming together in the early days and devising the scam. Howell trotted people through the SS Gatelinx for demo's and meetings.. David flew up to Toronto (hmmm.. isn't Bryan Kos from there?) and the "deal" started to take shape. Now, with all that is documented here, you see the scam for what it is.
Next up.. and this is taking some work... details on the legal challenges facing GTX Global and it's software licensing/software usage and software development. This is big... very big. Details to follow.
see blog posts "Unsealed Indictment For the GTXC Co-conspirators " from April 20 and "GTXC, The end is nearer than we thought" from April 19 and this filing of denial of bail from the posting "GTXC co-conspirator updates" from May 25. http://www.junkfax.org/fax/profiles/wsp/woltz/WoltzBailObjection.pdf
So, now you know the names.. Woltz... Sterling Group/Sterling ACS ... check out this. (you might have to "right click" and "save as" then view full size in a photo viewer if the "click here to enlarge" doesn't work here at the blogspot.
Imagine, the co-cosnpirators... federally indicted for related (alleged) crimes... create a "valuation" of $30M and a "committment" of $5M. This is back at the time when after Gatelinx is scrambling for funds.. not paying vendors, employees or software licensors... andthen.. magically... (again alledgedly) the assets of Gatelinx, were sold for $1M just 2 short months after this letter of "committment". A quote, from their April filing...
"In December 2004, ALCC purchased assets of Gatelinx Corporation for $1,000,000.00.
These assets included specific intellectual property, software, and hardware that
encompassed the Video and Voice Over Internet Protocol (VVOIP) services provided by
the company."
NOTE: the ALCC referenced, AutoLeaseCheck.com is suspiciously close to the auto company referenced as one of Conrad Lysiak (the newly retained counsel for moving to "full reporting) "clients" stockclubz.com's referenced entities.
So, either one of a couple of things was going on... a precipitous fall in valuation from the $30M occured... OR, the "committment letter" was bogus from the start and just the beginning of the scam, or rather at that time.. attempted scam. With the players coming together in the early days and devising the scam. Howell trotted people through the SS Gatelinx for demo's and meetings.. David flew up to Toronto (hmmm.. isn't Bryan Kos from there?) and the "deal" started to take shape. Now, with all that is documented here, you see the scam for what it is.
Next up.. and this is taking some work... details on the legal challenges facing GTX Global and it's software licensing/software usage and software development. This is big... very big. Details to follow.
posted by ex-GTX at 10:13 PM
10 Comments:
About ALLCC, I think the person you mean is Conrad Lysiak, he was associated with stockclubz.com, now retained by GTXC to "move to fully reporting."
yes, my error. I have edited the post to reflect the correct information.
a couple of sessions ago a MASSIVE sell-off, and today, once again, they can't trade more than 100K shares. That smells like taking the last little bit out of the scam. Since there are no filings of insider trading (or positions) it's hard to tell, but with these guys you have to think it's the more "scam" version than anything market driven.
I concur. In the early days you could set the daily "dump" by your watch. Virtually every day there would be a run-up, then at 2PM a sell-off. A couple of clicks either way and these guys could daily make a killing. Then, when the restricted period lifts, a (as you said) MASSIVE sell-off which nets big money. Now, they can't make a move more than a few ticks, but then they've probably taken out more than a "few" million already.
I knew something was fishy. I was interviewed for and even offered a job as one of the "executives". They flew me out to Southern Pines (David's office was more than just a little creepy), even went to Las Vegas for N+I, met the team and was all set. Then, my contact (and friend) who was one of the exec's called to tell me all the Prime TV stuff, and said the "offer" was going to have to wait. No problem there, but these guys still owe me $1125 in expenses and have never even responded to e-mails and phone calls. I'm pretty sure my friend believed in the technology and knew all the pitfalls (code base optimization, CTO who was ineffective and immature, scary ego-centric CEO and his wife, etc), and I appreciate him steering me away from this at the time (mid 2004), but there is no excuse for them not paying expense monies. I hope they get what's coming to them.
Have you ever looked at some of the websites for the company names that gatelinx morphed into during the the begining of the end? Like www.dishtvnow.com Why is that site still open and what company do the phone numbers go to?
Have you ever looked at some of the websites for the company names that gatelinx morphed into during the the begining of the end? Like www.dishtvnow.com Why is that site still open and what company do the phone numbers go to?
Have you ever looked at some of the websites for the company names that gatelinx morphed into during the the begining of the end? Like www.dishtvnow.com Why is that site still open and what company do the phone numbers go to?
www.smsprayer.com is the new Hagen-venture. This run out of the office behind the bowling alley.
Previously in this blog, March 27, "GTX Global GTXC" I detailed how you can call into the corporate phone numbers and have some fun by trying to find anyone listed on the corporate roles. You could (and still can) find Curtis Garth, and lots of the old DishTV Now sales people etc., but none of the other executives contacts or named persons on any of their press releases, filings or marcom materials.
Like everything else, they don't have any staff to actually do any work, and you can be darn sure the 7 attorney's (which is more than the number of "employees") aren't doing anything but trying to keep Hagen, Ovsenik and the rest of the gang out of jail.
Just another example of the scam...but thanks for bring that back to everyone's attention.
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