Globestar Therapeutics Corporation (EM) (GSTC)

JK to prison

So VXIT sold by POS Jim.. this old loser should sell GSTC too

Not worth my time anymore.

You could own laundromats & car washes & RM into this, rename them w/ AI or crypto in the name like everyone else does.

Any private business that's growing.

I considered it for fun a few years back as a project w/ my kids (not $GSTC), but we've essentially divested ourselves of USA business assets as we're primarily overseas now.

Could be a worthwhile project for somebody - JK could give it away free & hope to dump his shares into a hyped-up run.

need to get it back on otcid. you got a company to r/m into GSTC?

I'd maybe do it if I were younger.

Fewer RMs gonna look at EM stocks tho, when plenty shells are out there marketing themselves.

I don't see any evidence JK is doing anything.

At all.

anyone know of a private company looking to partner and go public?
pretty clean shell here not too expensive to get on otcid

He's lied about countless "new partners" for years.

All lies it seems.

Every time it seems.

This CEO will likely die from dishonesty & be burning in Hell before anything he says claims comes thru.

GLTA!

till jk finds a new partner...yes

We all got screwed here

too late...I got screwed....for now
but I'll have my day soon. like yogi said

I'm not sure what that means tbh.

But OK.

GLTA

Everyone is a sheep. At some level. If you live by that, you arent going to succeed much.

I never said losing money was funny.
nothing funny about losing 19k here I said, "pumpers always make excuses for CEO's failures & enable their crimes", or words to that effect.

Wolves love sheep.

Don't be a sheep.

nothing funny about losing 19k here ,,,,just got to hope Jim finds another company that wants to go public via this shell $gstc

What's even funnier:

Pumpers claim "if his crimes of stealing $1MM from investors was really that bad, he'd have faced a bigger penalty..."

Perennial pumpers are just enablers of OTC crooks & con-artists.

His other stock continues to have defenders-of-the-faith claiming "things are happening behind the scenes!"

Lol.

GLTA

These guys just get fined and we're still here in the pits of hell with all our money gone smh

Did Aqua drive him to the courthouse?

Jimmy busted 
https://dfi.wa.gov/sites/default/files/documents/securities-orders/S-23-3528-24-FO01.pdf

Can you elaborate any further?

If you give him a penny, you're a fool.
...he has plans for it...just no money and I'm trying to help him Smell the coffee and walk away from JK before he takes EVERYTHING you have left.

Thank you for taking one for the team. Hopefully, whatever deal he makes or company he works with, it better not be pie in the sky hopes. With rates like they are right now, everything is having a hard time moving. Still a nice SS.

he has plans for it...just no money and I'm trying to help him as I want my $$$ back....tic TOC...

What are you talking about?
tic TOC tic toc JK filed Form 15 here & has produced no financials in over a year.

He INTENTIONALLY let this one go dark, rather than pay fees when he has NO further plans for it.

Try to buy some, let us know how that goes.

*Welcome back!

tic TOC tic toc

Belief is one thing. Convincing others is another.

The boards exist to discuss companies & their managements & their prospects - good or bad.

But the biggest posters on this board (like every board) worked overtime to convince each other their fantasy of 100-bagger is going to come true for that small select group of "true longs".

They try to convince others to never sell and always average-down.

Those sheep are providing their exit liquidity.

Questions are ridiculed: "Do your own DD! True longs know what we hold!"

Disclosing lies gets attacked: "Bashers want your shares, make them chase!"

Those douchebags have now moved on, but you can see the board's biggest pumpers make identical posts today elsewhere.

Pick yer spots, take yer shots.

It works or it doesn't, but once you start believing, and holding into the abyss, you're F'd.

GLTA

You know price you have been right on about both of these companies I feel for the shareholders and do not see how anyone can post anything positive on this Company or the other Company. How many years has it been ?

Maybe things will change but looking at the past like you pointed out shares will be added and will be sold . Called Dilution.

Dark,defunct & now Expert Market.
https://www.otcmarkets.com/stock/GSTC/disclosure

Bummer for those who ever believed in, or counted on JK.
How long til his other scam follows suit?

Understatement, lost too much here

Dark,defunct & now Expert Market.
https://www.otcmarkets.com/stock/GSTC/disclosure

Bummer for those who ever believed in, or counted on JK.
How long til his other scam follows suit?

Went From great Potential to this

OUCH!!!

Pokerpro05

OUCH!!!

Pokerpro05

0.000004

Don't forget SEC Enforcement & Complaints:

https://www.sec.gov/submit-tip-or-complaint/tips-complaints-resources/report-suspected-securities-fraud-or-wrongdoing

Back in the day SEC Enforcement had an active twitter profile, but I'm not sure that's still the case.

Or maybe 2023, or 2024? Or 2025? 2026? 🤣😂
2022 should be a strong year for GSTC.

Obvious scam found to be a scam...duh. $0 assets might have been just 1 red flag.

No worries.. f..k him.. i'm already sharing this everywhere:

GSTC & VXIT You should read this again all 13pgs.

STATEMENT OF CHARGES
Please take notice that the Securities Administrator of the State of Washington has reason to believe
that Respondents James Katzaroff, VirExit Technologies, Inc., and Globestar Therapeutics Corporation
(collectively “Respondents”) violated the Securities Act of Washington.

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




GSTC raised $499,500 from sixteen investors in February of 2021... Katzaroff primarily offered the investments by email and phone, though he did meet some investors in person.

Katzaroff told investors that GSTC had a patent for a drug cocktail to treat multiple sclerosis.

Katzaroff told the investors that the drug cocktail’s component drugs had already been approved by the FDA, so the cocktail would be on an accelerated approval basis.

Katzaroff gave investors the impression there was minimal risk because the component drugs were already FDA approved, so the approval process for the combination should have been “perfunctory.”

Katzaroff told investors that he had friends in hospital systems that would do the clinical trials for FDA approval.

Katzaroff failed to disclose... that he had recently purchased GSTC and still owed funds for the purchase.

Katzaroff failed to disclose that at least 85% of the raised funds were spent on payments to Blankenship for the purchase of GSTC, marketing, and payments to Katzaroff himself.


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.

Katzaroff gave at least one investor the impression that the trials had minimal risk of failure.

*************

And i mean everywhere.. i have shared this under almost all posts of katzaroff at linkedin and he finally deleted his profile picture on the platform.. i have shared this on VXIT "X" profile under few posts, and i have sent email to many people whom knows this pos haha katzarof even wrote email to me and asked to stop and started lying that he is working on something wonderful for us (another lies)

Now i will destroy his reputation everywhere.. everyone will know that he is lying fraud and pos

Expert market, nice

He's absolutely stupid. And a FRAUD imo.

The guy was handed TWO potential goldmines.

He outright LIED TO INVESTORS and ran them both into the ground.

At least experienced traders who KNOW TO NEVER EVER EVER believe ANYTHING these guys say were able to scale-out into runs.

If you can click the mouse to SELL as easily as you click it to buy then you can make money.

Unless you fall into the trap of believing what companies tweet or PR, or if you follow / believe infamous ihub-pumpers, then you're fkd.

GL!

if jk keeps GSTC current whales will be buying again.
noone will buy GSTC or merge in if it hits the greys ...then jk will have to work 5x as hard to get it back to pink sheet quotations. he cant be this stupid

Why has EVERY partner walked-away from JK?

There are plenty OTC shells - JK can shop it around, and maybe he'll get lucky just turning-over the shell.

But NOBODY wants to do legit business w/ the guy, that's become apparent over the past 5 years.

Fortunately there are plenty other OTC fish in the sea for traders to jump on, and scale-out of.

OTC's are getting volume.

$GSTC aint.

GL!

why wouldn't jk find another company to MERGE into GSTC?
looking forward to your response to this ? tia

He only talks directly to easy MARKS.
i talked with this pos in the past but seems i was too harsh for him and he doesn't want to talk with me anymore 😂 CONMEN require direct-contact to charm their marks.

Once the gig is up and he realizes you can't be conned, then its a losing situation for him to take the call, so he won't.

Oh well, live & learn.

As I've stated countless times here & elsewhere - it's a MISTAKE to ever contact an OTC CEO in pursuit of DD.

Read filings, & pay attention to price-action to determine whether the filings might be accurate or not.

The market, and insiders, know what's up - that WILL BE reflected in price-action.

OTC retail who believe they've uncovered a gem nobody knows about yet are a dime a dozen.

Unfortunately the bags they'll be left holding aren't worth those dimes.

GL!

Btw, did anyone talked with jk pos lately ? Did he tell what is his plan ? Did tell that he will sell this shell ? Initial plan is already dead.. we know it and he knows that too.. i talked with this pos in the past but seems i was too harsh for him and he doesn't want to talk with me anymore 😂

This will go to EM for some time for sure.. JK POS probably doesn't have money to pay to keep this shell on the OTC Market. This pos knows also that all investors figured out that he is just a lying pos thus he has to vanish for some time (again) to be ableto come back and and steal money from new investors..

And not 10 but 15days you expert...

Grace Period

Securities enter a Grace Period when OTC Markets Group is no longer able to confirm that the issuer’s disclosure is current and publicly available as required under Rule 15c2-11. When a security enters a Grace Period, it can continue to be publicly quoted for 15 days. At the end of the 15-day Grace Period, if the required disclosure is not available, the security will move to the Expert Market for unsolicited quoting only, unless OTC Markets Group determines another exception under Rule 15c2-11 applies, such as the Large Company/ADTV exception.

Why are you promoting VTXB on this unrelated board?

Thanks for the update but i will wait.. for me it doesn't matter wheter it is 0.0002 or 0.0000000001.. 🤷🏻‍♂️ this only proves even more that jk is a pos fraud and should be send to prison

He will hopefully get what is due to him. Hopefully, he forfeits the shell companies and they have to be placed into someone else's hands. And that person or group is able to put a company into them. We will just have to hold our bags for the time being.

Previous comment was related to this doc :

https://dfi.wa.gov/documents/securities-orders/S-23-3528-24-FO01.pdf

Below comment is related to this document :

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


The **Stop Order Denying Effectiveness** and **Statement of Charges** (Order No. S-23-3528-24-SO01) issued by the Washington State Securities Division reinforces and expands upon the findings in the prior **Final Order** (S-23-3528-24-FO01). Here’s a breakdown of its legal implications and key conclusions:

---

### **Key Findings and Legal Analysis**
#### **1. Violations of Securities Laws**
- **Unregistered Offerings (RCW 21.20.140):**
Katzaroff and his companies sold securities for VirExit and GSTC without registration or valid exemptions. Both offerings (2021) involved **general solicitation** (emails, phone calls, referrals to strangers), violating Regulation D Rule 506(b), which prohibits public advertising.
- **Unregistered Broker Activity (RCW 21.20.040):**
Katzaroff acted as an unregistered broker-dealer by soliciting and selling securities.

#### **2. Fraudulent Conduct (RCW 21.20.010):**
- **Material Misrepresentations:**
- **VirExit:** Investors were told funds would develop PPE, but ~70% went to marketing, legal fees, and payments to Katzaroff/Sonfield.
- **GSTC:** Investors were misled about FDA approval timelines, clinical trial risks, and use of funds (~85% paid Blankenship, Katzaroff, and marketing).
- **Omissions of Material Facts:**
- Risks (e.g., market competition, supply chain issues, lock-up periods).
- Failure to disclose past unregistered offerings in VirExit’s 2023 Regulation A filing.

#### **3. Pattern of Misconduct:**
- **2023 Registration Filing:** VirExit’s application omitted prior misconduct, misused investor funds, and failed to pay required fees, demonstrating ongoing deceptive practices.
- **Affiliated Parties:** Katzaroff’s association with Sonfield and Blankenship (both with SEC violations) raises concerns about due diligence and ethical standards.

#### **4. Administrative Enforcement Actions:**
- **Stop Order (RCW 21.20.280):** Denies effectiveness to VirExit’s 2023 registration due to material omissions and false statements.
- **Proposed Penalties:**
- **Fines:** $60,000 (Katzaroff), $30,000 (each company).
- **Costs:** $25,000 jointly.
- **Revocation of Exemptions:** Bars VirExit and GSTC from relying on key registration exemptions.
- **Cease and Desist Orders:** Permanent injunctions against further violations.

---

### **Legal Conclusion**
This document serves as the **charging instrument** and **preliminary findings** that led to the subsequent **Final Order**. The Securities Division followed proper procedure:
1. Issued a **Notice of Charges** with tentative findings.
2. Provided Respondents an opportunity to request a hearing (which they declined).
3. Adopted the findings as final after no defense was mounted.

The allegations, if unchallenged (as they were), establish a **prima facie case** of securities fraud under Washington law. The findings demonstrate **intentional deception**, **reckless disregard for investor protection**, and **systemic non-compliance** with registration requirements.

---

### **Recommendations**
- **For Investors:** Pursue civil remedies (e.g., rescission, damages) under RCW 21.20.430.
- **For Regulators:** Consider referring the case to criminal authorities if evidence of **scienter** (intent to defraud) is present.
- **For Katzaroff/Companies:** Compliance with the order is mandatory; failure could lead to contempt charges or escalated penalties.

This order, combined with the Final Order, solidifies the administrative case against Katzaroff as a **fraudulent actor** in securities transactions.

Just for fun I have asked AI to analyze documents regarding jk (POS) legal case:

From a legal standpoint, the Washington State Securities Division's **Final Order** establishes that **James Katzaroff** engaged in fraudulent conduct under the **Securities Act of Washington**. Key findings supporting this conclusion include:

### **1. Material Misrepresentations and Omissions**
- **VirExit**: Katzaroff falsely claimed investor funds would be used for PPE development but diverted ~70% to marketing, legal fees, and executive payments (including himself). He also failed to disclose risks (e.g., competition, supply chain issues) and lock-up periods, leaving investors unable to sell shares.
- **GSTC**: He misrepresented the FDA approval process for a drug cocktail, asserting accelerated approval due to pre-approved components. However, no clinical trials were conducted, and ~85% of funds were used to pay the prior owner (Blankenship), marketing, and himself.

### **2. Violations of Securities Laws**
- **Unregistered Offerings**: Both companies sold securities without registration or valid exemptions (violating RCW 21.20.140).
- **General Solicitation**: Katzaroff solicited investors without pre-existing relationships, breaching Regulation D Rule 506(b).
- **Unregistered Broker Activity**: Katzaroff acted as an unregistered broker-dealer (violating RCW 21.20.040).

### **3. Anti-Fraud Violations (RCW 21.20.010)**
The order explicitly concludes Katzaroff made **untrue statements** and **omitted material facts** (e.g., misuse of funds, risks, lock-up periods), satisfying the elements of securities fraud.

### **4. Pattern of Deception**
- **2023 Registration Filing**: VirExit’s Regulation A application omitted past misconduct and misused funds, further demonstrating intent to mislead.
- **Failure to Defend**: Katzaroff’s failure to contest the charges (by not requesting a hearing) strengthens the administrative findings.

### **Legal Conclusion**
The Securities Division’s findings meet the standard for fraud under Washington law, as Katzaroff’s actions involved **intentional deception**, **material misstatements**, and **personal gain at investors’ expense**. The order imposes fines, revokes exemptions, and denies registration, reflecting the severity of the violations.

**Advice**: Katzaroff’s conduct constitutes securities fraud under administrative and civil standards. Investors may pursue further civil remedies, and criminal charges could follow if evidence of intent is substantiated beyond this proceeding.

They did.