Globestar Therapeutics Corporation (PK) (GSTC) News

Pretty much Jim is barred from raising any kind of cash for the company. He was never registered as a securities broker in the first place (license expired).

Shell is useless to him. He will be forced to sell it.

The hope is he has to give up this shell to someone else.

So what does this all mean exactly in the long run?

Finally getting what’s coming to him. He’ll be forced to step down and sell the shell. Word around town is guys who put in big money are going for criminal charges next. Let the games begin.

$GSTC https://dfi.wa.gov/documents/securities-orders/S-23-3528-24-SO01.pdf

Apparently there is lmao, what a sh*t show this is.

$GSTC I checked the dates & saw that also. A WTF moment for sure??

ITEM 1. LEGAL PROCEEDINGS

We know of no material, active or pending legal proceedings against us...

How does Jim pay for his sport packages? With not taking $

Jim is just so clueless

Never seen a ceo this incompetent

Were you referring to today?
D day is coming You were incredibly bullish for years, then you posted that months ago & disappeared.

Curious what you knew & what you were referring to...

WHERE'S the $GSTC WATERBOY??? Probably on another board, attacking someone who is telling the TRUTH!!!
I told you.... the man wasn't doing ANYTHING.... NOTHING. Sending generic emails after he knew he was already caught.
ALLLLLL while waterboy pumped and attacked anyone who told the truth. Talking about how he is a "DD JEDI"

"To date, neither Katzaroff nor GSTC has provided investors or the Securities Division with evidence that GSTC has conducted clinical trials for the drug cocktail. When questioned, Katzaroff could not tell the Division what steps GSTC would need to take to get FDA approval for its drug cocktail. Katzaroff testified that GSTC eventually pivoted to doing drug trials in India in November of 2022, however, at that point all investor funds from the initial February 2021 offering had been spent. Katzaroff did not provide the division with records indicating that legitimate steps had been taken towards securing a clinical trial for its drug cocktail before investor funds had been spent. "

More outright lies from JK's 10-Q:
ITEM 1. LEGAL PROCEEDINGS

We know of no material, active or pending legal proceedings against us... Page 21 both recent 10-Qs. I didn't look back further cuz who cares.

He loves betting on baseball. He will probably try to pump this one last time after the world series lol

He's already reaching out for shekels from old shareholders 

Gonna be honest not sure what all that means but i know it ain’t good haha

$GSTC is being spoken too: Final Order against Respondents James Katzaroff, VirExit Technologies, Inc. and Globestar Therapeutics Corporation (collectively “Respondents”). Katzaroff offered and sold investments in VirExit, a company purportedly selling PPE, and GSTC, a company with a patent for a drug cocktail treatment for multiple sclerosis, in February of 2021 raising roughly $500,000 for each company. The Securities Administrator of the state of Washington issued a Stop Order Denying Effectiveness to the Application for Registration (“Stop Order”) and Statement of Charges and Notice of Intent to Enter Order to Cease and Desist, To Revoke Exemptions, To Impose Fines, and to Charge Costs (“Statement of Charges”), Order No. S-23-3528-24-SO01, against Respondents on July 20, 2024.
Respondent James Katzaroff is ordered to pay $60,000 in fines. Respondent VirExit Technologies, Inc. is ordered to pay $30,000 in fines. Respondent Globestar Therapeutics Corporation is ordered to pay $30,000 in fines. Respondents are jointly and severally liable for and ordered to pay the costs of the investigation in the amount of $25,000. Respondent VirExit Technologies, Inc.’s application for registration filed on February 1, 2023 has been denied.

https://dfi.wa.gov/securities-enforcement-actions/securities2024

If true you should save those emails & texts.
he sent me emails ant texts full of lies You can use this SEC Enforcement & Complaint Form to report insider manipulation or suspected fraud.

Nobody should be directly communicating w/ an OTC CEO.

Why would he communicate w/ individual investors?

CEOs should always refer you to publicly-disclosed information available to ALL INVESTORS, otherwise he's either sharing inside-info or directly lying to you.

Filings, tweets & PRs are available to all.

Private conversations are guaran-damn-teed to be full of outright lies.

GLTA

Has anyone contacted or spoke to him recently?

So he’s gonna dump even more shares with nothing but an empty shell and then do a r/s on all us. Rinse and repeat

I was warned also! Jim is the biggest POS in the otc someone needs to break his teeth for lying to investors before he does to prison. do u think he will go or get way with this highway robbery here? is aquahoya still in and beliwving ? lol

i lost my house and entire savings i hope he rots in prison he sent me emails ant texts full of lies on trials and even claimed this can be a billion dollar company. he said trials were coming. like i said I hope he gets 25 to life for the fraud and scam job he did here

so he can dilute and dump mpre shares on your head .0001 coming peasants we should beg at this point

Speaking of the Devil!
Hi FAM!!!!!

Because pumpers will be back with more ridiculous claims.
DO IT FOR YOUR COMMUNITY!!!!!!!!!! LMAO!!

Lenders are owed.

Why is he even filling and getting current again? What’s the point here

It is called KARMA. You jumped on the attack train when some of us were trying to warn you. Now you get to take yer medicine ol' son!

I don’t know if he did or not or if this just failed. I sold all my shares and ended up losing about 80k which is a ton for me. I’ll have to work another 3-5 years before retiring now. There is usually a huge downside of believing anything an OTC CEO says. Hard to give up the hope that was in this company. Oh well-moving on a bit wiser.

Jim robbed and fooled everyone here including me lol biggest otc ceo scammer there is

Dude it’s over dump this pile of shit take .0004 before it goes to .0001 let your uncle Jim rot in prison I hope the worst for him and hope you do to jail that pos everyone report him

He KNOWS this LOL. He thrives on it!!
And STILLLLLLLL....... 1000% right on $GSTC!!!!

bOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOM! SSSSSSSSSSSSSSSSSHHHHHHHHHHHHHHHHHHHHHHHHHAAAAAAAAAAAAAAACCCCCCCCCCCCCCCCCCKKKKKKKKKKKKKKKKKAAAAAAAAAAAA

LLLLLLLLLLLLLLLLLLLLLLLLLLAAAAAAAAAAAAAAAAAAAAAAAAAACCCCCCCCCCCCCCCCCCCCKKKKKKKKKKKKKKKKKKKKKKKKKKKKAAAAAAAAAAAAAA

$GSTC has only EVER moved on lies.
Even what they are trying to move it on is a lie. Rumors & BS that convince naive newbs and "experts in the field" alike is what drives sub-penny garbage.

As always I suggest trading the action and believing nothing.

If something good & worthwhile is true, it shows up in price trends.

Ride 'em UP, not down.

GLTA

What are they moving this on? Even what they are trying to move it on is a lie. There is no anticipation or buildup. Jim wants anything, he is going to have to merge something in.

Even groups can’t move this…. This is embarrassing lmfaoooo

This is EXACTLY what I was telling you was happening. $GSTC was ALWAYS a smokescreen! Waterboy and his crew tried their best to attack people and keep them from telling the truth. If you like your money you should immediately run from anything that he is a part of. They are already neck deep into destroying another ticker right now by doing the exact same thing

Trials aren’t happening company stopped did you guys not read the filings it’s over here no hope ok stole everything from everyone we are all robbed by the thief and liar lost my house very thing gone hope he goes to prison soon

Dump now or at .0001 lol this is a pile of dog crap at best. You really wanna taste that?

Let’s get the pump going! Idc how it happens i just want out of this garbage can

This is a scam .0001 coming! Jim scammed us all im throwing in the towel also this will get diluted to the max! More dilution and the whole MS thing was a lie. i hope jim goes to prison for life for lying and robbing everyone here. anyone agree or disagree? there is no hope justa group pump n dump t most now

So many groups loaded .0003/.0004

And here comes the group dumps because this thing can’t move lol

There you go. So, we are stuck with the dude regardless unless he resigns himself

As of not it is an empty shell with a hell of a lot of debt.

$GSTC LOL Read this:
Our chief executive officer has the ability to significantly influence any matters to be decided by the stockholders, which may prevent or delay a change in control of our company.
FORM 10-K For the fiscal year ended September 30, 2023
James Katzaroff, our CEO, currently owns 1,000,000 shares of series E preferred stock. The owner of the series E preferred stock is entitled to the number of votes equal to double the number of votes of all other stockholders. Therefore, Mr. Katzaroff has voting rights equal to two-thirds of all votes cast at any action of stockholders and can exert decisive influence over the outcome of any corporate matter submitted to our stockholders for approval, including the election of directors, removal of the entire board of directors and any transaction that might cause a change in control, such as a merger or acquisition. Any stockholders in favor of a matter that is opposed by this stockholder cannot overrule the vote of James Katzaroff.
Jim did not like what happened to him at RDGL!!
Then read his employment contract:
Note 4. Related Party Transactions
For the year ended September 30, 2023
As of September 30, 2023 and September 30, 2022, the Company owed $454,665 and $379,126 to officers of the Company for compensation which are recorded as accounts payable related party. Additionally, during the years ended September 30, 2023 and 2022 the Company received short term, unsecured, non-interest bearing advances from the Company’s CEO totaling $21,200 and $2,500, respectively. As of September 30, 2023 and 2022, the Company owed $6,295 and $12,400 on these related party advances, respectively.

In February 2022, the Company entered into an amended and restatement employment agreement with Jim Katzaroff, the CEO. Mr. Katzaroff is entitled to an annual salary of $180,000 and a bonus as determined by the Board of Directors. Mr. Katzaroff may elect to receive payment in shares of stock based on the average of the three lowest trading prices for the 15 days prior to election of payment in stock. Further, in the event of a change of control of the Company, Mr. Katzaroff is entitled to a payment equal to 2.99 multiplied by the larger of the total compensation paid to Mr. Katzaroff over the prior 12-month period or the average compensation paid or payable to the Consultant over the prior three years.



The Company awarded Mr. Katzaroff a total of 35,000,000 common stock options with an exercise price of $0.009 per share, an exercise term of five years. The options vest 50% immediately, and the remainder on monthly basis over two years. Mr. Katzaroff is also entitled to additional options in the event of the Company issuing equity or equity equivalents in the future, with him receiving an amount of options equal to 3% of future options or warrants issued, excluding grants to officers. The exercise price of these additional options will be 110% of the price per equity equivalent. To date, a total of 11,632,356 additional options were issued to Mr. Katzaroff pursuant to the agreement terms. The total fair value of these option grants at issuance was $53,117. During the years ended September 30, 2023 and 2022, the Company recognized $108,802 and $186,926 of stock-based compensation, related to outstanding stock options under this agreement, respectively. At September 30, 2023, the Company had $42,228 of unrecognized expense related to options.

Additionally, Mr. Katzaroff will earn a fee related to any strategic transaction, as defined in the agreement, including but not limited to acquisitions, divestitures, partnerships or joint ventures, of at least 2% for any transactions not introduced by Mr. Katzaroff, or 4% for any introduced by Mr. Katzaroff of up to $20,000,000, and an additional 0.75% - 3.5% for amounts above that threshold. As of June 30, 2023, no amounts have been earned or paid.

Mr. Katzaroff will also receive an activity fee of 3% of gross revenues related to activities including securing a variety of vendor, sales or advertising relationships, or any new revenue generating activity. If such activity is a cost saving initiative instead of revenue generating, Mr. Katzaroff will receive 10% of the cost savings. As of September 30, 2023, no amounts have been earned or paid.

On April 4, 2023, the Company issued 7,422,535 shares to James Katzaroff to settle $50,000 of accrued compensation. The Company recognized a loss of $3,442 on this issuance based on the fair value of the shares issued.

https://www.otcmarkets.com/filing/html?id=17194642&guid=aoL-kKMwM2vCJth

It doesn’t get any easier than this

trials for what? the MS drug has been scrapped.looking forward to next venue that will make revenues for gstc.the Ms 3 drug cocktail was a money pit

Pink current coming .001+

Yep. If something is coming in here, he has to step down as CEO. That we all know.

Jim needs to go. Simple as that.

Jim is the biggest liar