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I'm out ! This was an utter disappointment and a string along from day one. Gil took money from people I know and promised upon things he could not deliver. He is a phony, and that's my conclusion and that goes for his side kick Sally Engel. Plus there both just too old to care about shareholders anymore..they are just a few yrs away from assisted living so I don't know how they can possibly have the energy to run and make profitable any business venture.
I'm still here and checking in periodically. The last conversation I had with Gil was a couple of months ago, and I told him I'd call him sometime in November to see how things are. The story's still the same - they now have plans to finance and buy five of some kind of medical machine, which I think they call hyperbaric something or other, and put them into service scanning people. Economically speaking, I suppose I would say that if you have gains against which you could offset the losses and you think that the tax benefit resulting from selling the GSI shares would be greater than what you could realize out of the value of whatever conversion ratio they will apply to the shares of GSI being converted into shares of the new company, which I can't imagine will be very high considering that external parties to the old GSI will largely govern the determination of that percentage, then sell the GSI shares and realize the tax benefit. As you may be able to tell, I've emotionally moved on and will consider anything I get out of this whole sorry situation to be gravy.
You around at all?
Jersey - that's great and all but when is this going to happen? Some of us need to know asap if this is just more bs or not bc we need to take a loss on this huge POS for this year taxes.
Posting that update could string people along even more so what is the real deal?????????????
Thanks for the update Jersey. I have my theories on Gil's relocation to Chicago....can we say witness protection!
txs for the update
For anyone who's still around, I talked with Gil on Friday for the first time since mid-May. He has relocated to Chicago to concentrate on developing the business, the focus of which is on the hyperbaric industry and the acquisition of related machines and their operations related to patients who are examined or treated by them (I'm not clear on what the machines do or how they do it). Gil says that they have begun to receive funding to acquire the machines, and that further funding and the execution of their business plan will result in their becoming a leader in the industry. He sounds quite energized, and reiterated his plan to give the old GSI shareholders a stake in the new business based upon a share exchange ratio that will be developed. That's all I know for now - I'll keep you updated as I hear more.
No problem, double - you've described my current feelings pretty well.
Finally, a very good post with no dangled carrots. White towel in hand but not thrown...txs jersey.
I would assume the receivable factoring business is no more and the hyperbaric chamber machines will be the main area of business. I imagine Wintergreen is some sort of partnership set up which will somehow acquire a publicly-traded shell into which to roll the company's operations. To be honest, double, I don't call Gil that much any more - maybe every couple of months, and I'm no longer that connected into what the company is doing. After almost seven years with relatively little having happened and whatever is happening proceeding at a glacial level, I've really kind of lost interest, currently viewing anything that I might get as a return on everything I've invested in money and time seeming like a windfall to me.
at this point we can assume the recievable /factoring business is no more, correct? we are now entering hyperbaric chamber machines? what about Wintergreen?
Never,
I talk with him periodically, and the results of the most recent conversation, which was about a month ago, were that he says he now has funding to be able to begin to buy the first of what are five machines that do some sort of medical evaluation and testing the nature of which I don't fully understand, which throw off strong cash flow and will re-energize (if you want to say that they ever were energized) the company's operations. The only problem with that scenario, if it ever does fully materialize, is that the funding comes from parties developed by the guy who is now the CEO and President of the company, who will obviously try to keep as much of the company for himself and his partners as he can, and give as little a share to the GSI shareholders as Gil will let him, for whatever control Gil has over the situation. In summation, I don't expect a very large share of the reorganized company to come to us, if the glacial development of all of this ever does eventuate.
Dr. Jersey, it's been more than eight years for me and I for one, though I am sure I speak for everyone, would like to hear the results of your conversation with Gil as well as your prognosis...please!
That would be great! I guess gil gets the same percentage as us.
Double,
I have to admit that after almost seven years even I have gotten weary of the glacial progress (or lack thereof) here, and I haven't called Gil in over two months now. I'll try to call him later this week to see what's going on. In reality, I wouldn't expect that we will get a very high percentage of the new entity, as the guy who's going to be running the company and is responsible for bringing in the funding only has whatever incentive to satisfy the current shareholders that Gil is able to bring to bear, and I don't know how much weight that will carry.
Jersey...whats the deal/update. Are we as shareholders out of the picture of what ever Gil & Sally have going on? Hyperbaric/Wintergreen?
I saw someone posted Gil called the halt but I haven't seen any evidence it wasn't the SEC.
Barring any evidence it's impossible to say.
because the stock has ceased trading
Gil pulled-the-plug on GSII trading...what's more to say?
I don't hold you complicit in any scheme, (if there is any), to string shareholders along, but for G*d sakes man if Gil's not moving forward in ANY measurable way aren't his past stakeholders worthy of knowing this?
Hi Jersey,
It's 2 months to the day you were going to get in touch with Gil. It's years and years since this deal began it's winding up. We are all big boys and girls here. Don't you think we deserve some honesty?
Give us an update Jersey. Would be appreciated. Is there any hope left here? There is much information to even know what there doing other than 2 companies incorporated in 2013. Does this involve the gsi shareholder, or is this a new gig for gil and sally?
Unless jersey chimes in and says I wouldn't if I were you.
Taking my loss on this POS this year - its obviously over. Will help my realized gains a ton.
Walker I'm rake ing it in..it's unreal!
Well the good news is that we can finally take the loss on this huge POS run by an even bigger POS to help offset out MJ gains!
It's not just you.
Is it just me or is 420 stocks the only place to be?
I did get two calls on my voice mail at work from Gil this week, so I can report that he is still alive, but these are the busiest two weeks of my year job-wise, so I haven't had the chance to call him back. I'll call him early this coming week to see what is going on.
Any update from gil or sally? They incorporated those hyperbaric cos. in March..what's going on?
Jerseyboy. I can't see how it would matter if you didn't call him till 2015. Progress here (which is immeasurable) would be on a multi-year increment.
Doesn't any of this (year after year without any progress), seem even slightly suspicious to you?
Considering Gil's age, I hope that's not true in a literal sense.
Would be appreciated. Txs jersey, I would call the cast of cha rectors but they all seemed to have gone underground.
Would be appreciated. Txs jersey, I would call the cast of cha rectors but they all seemed to have gone underground.
I don't know - I haven't talked wtih Gil since just before the New Year. Maybe I'll call him this coming week to see if anything remotely resembling activity is going on.
Jersey what's the status of gil and sally?
420 stocks is where to be! new industry, 2o states now and the district of Columbia with medical marijuann, 2 states with recreational..and many more coming on board this year. made back all losses from Gsi and way in the black. After being in the 420 stocks and witnessing managment from those companies it is night and day from The gsi managment..Gsi did nothing but lie with their press releases, took loans from shareholders and never paid them back, weren't transparent with the shareholder base. They more or less put their heads in the sand and hid. Tells you a lot about them. I do not think the feel an ounce of shame what they did to us here.
Stil breathing. I haven't talked with Gil in over a month - I should call him and see what is going on. Even I get somewhat disillusioned and bored with the apparent lack of progress after six and a half years. Maybe I should become involved with some of your 420 stocks - at least I could hope for a dividend in the form of some product!
Jersey you still around? Just checking to see if your still breathing:)
If Gil wasn't such a scumbag and delisted the stock voluntarily so we all got screwed we may have had a shot to recover some money here. Could be a new pot stock.
90% are complete pos and they still run 500%. It's crazy.
Yes saw that just moments ago some guy called "the dude" was carpet bombing the phot board with that ticker. Will take a look. Been lucky with these. Not even doing dd just jumping in and have been getting 3 and 4 bangers it's been amazing.
Yes saw that just moments ago some guy called "the dude" was carpet bombing the phot board with that ticker. Will take a look. Been lucky with these. Not even doing dd just jumping in and have been getting 3 and 4 bangers it's been amazing.
Have seen them all run like crazy. Best one right now imo is ttdz. Just came out with filing today about MJ acquisition/merger plus a huge dividend.
Walker are you in the MJ sector? Got back in to the OTC after waiting for these guys to come out of hiding. Man what a difference! Already gained back all losses and having fun once again..lots of companies to throw a dart at. MJ is going legal state by state either for medicinal use or recreational..I'm sure your already in play as an active ihuber.
Lol. Right on track. Gil continues to be a huge pos!!!!
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PRINCETON, N.J. -- July 15, 2008 -- “GSI Securitization, Inc. (“GSI”) (PinkSheets: GSII) announced today that it intends to seek to once more have its common stock listed for quotation on the Over-the-Counter Bulletin Board (“OTCBB”). In order to achieve this goal, GSI will be preparing and filing a Form 10 with the Securities and Exchange Commission, which will restore GSI’s status as a “fully reporting” company under the Securities Exchange Act of 1934. Once the Form 10 becomes effective, GSI will become eligible to once again have its stock quoted on the OTCBB. This step follows GSI’s settlement of an SEC proceeding for failing to file timely periodic reports. The settlement involved GSI agreeing to revoke its prior ’34 Act registration.” |
GSI Securitization Inc.
Symbol: GSII.PK
GSI Website Link:
http://www.gsisecuritization.com/index.html
http://en.wikipedia.org/wiki/Life_Insurance_Securitization
Share Structure:
Auth. 250M
O/S 106 million
Restricted 33,002,167
Last confirmed 6/18/2008
T/A: Compushare Trust Co., Golden, CO - 303-262-0889
Office: Headquarters
GSI Healthcare Finance
GSI Securitization Inc.
502 Carnegie Center - Suite 103
Princeton, New Jersey 08540
Phone:609-987-8080
FAX: 732-432-7906
Email: finance@gsisecuritization.com
Midwest Office:
GSI HealthcareFinance
GSI Securitization
58 Williamsburg Road
Evanston, IL 60203
Phone: 847-679-5076
FAX: 847-679-2292
Excellent Summary of GSII's Business:
GSI Sees Long-Term Growth Opportunity in $2 Trillion Healthcare Market Growing at 8.6% Yearly
http://studio-5.financialcontent.com/mcclatchy?Account=sacbee&GUID=2504322&Page=MediaViewer&Ticker=GSIEF
Suggested Reading:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=23520832
http://investorshub.advfn.com/boards/read_msg.asp?message_id=23041862
NEWS: http://studio-5.financialcontent.com/mcclatchy?Account=sacbee&Page=news&Ticker=GSIEF&ChannelType=PRESSRELEASES
Articles on Medical Receivables
November 1, 2007
(this actually mentions Medicredit inc. who is partnered with GSi)
Factoring Health Care Receivables: Just What the Doctor Ordered
Benefits to Financing Health Care A/Rs
Another article on A/R’s. This also mentions medicredit, inc. and some of GSi’s competitors in the business.
Gsi NEWS for 2007- 2008
March 11, 2008
GSI Securitization Inc. Stockholder Letter
Feb 25, 2008
GSI Securitization Inc. Engages EricDavid & Sons, Inc. to Initiate Aggressive Investor Awareness Program
Nov 15, 2007
GSI Securitization Business Activity Update
November 05, 2007
GSI Securitization Business Activity Update
October 18, 2007
GSI Securitization Announces Symbol Change
September 17, 2007
Fund Manager Joins Board of GSI Securitization Inc.
September 12, 2007
New Business Development of Multi-Hospital Project
GSI Securitization Inc. Chairman Comments on Domicile Change ...
September 10, 2007
GSI Securitization Completes Merger and Domicile Transfer
July 23, 2007
GSIEF Chairman Updates Shareholders
July 06, 2007
Consultants Seek to Join the Growth and Remuneration Available Through the GSI & MediCredit Joint Venture Business Model
Compounding Growth Potential With Funding New Business Developments Capitalizing GSI, Medicredit Joint Venture Proficiencies
July 02, 2007
GSI Elects Stockholder Dr. Steven J. Phillips to Board
GSI Sees Long-Term Growth Opportunity in $2 Trillion Healthcare Market Growing at 8.6% Yearly
June 26, 2007
Large Southwest Hospital Has Initialed the First Stage of Its Receivable Agreement
June 25, 2007
GSI Announces the Second Phase for a Large Southwest Hospital
June 21, 2007
GSI Securitization and MediCredit, Inc. Enter into Definitive Agreement
May 30, 2007
GSI Securitization Executes Second Step in Process to Secure Receivables From Joint Venture Partner
May 16, 2007
GSI Securitization Executes a Revenue Generating Strategic Alliance With MediCredit, Inc.
May 04, 2007
GSI Securitization Executes Agreement to Purchase the Outstanding Accounts Receivable From a Large Medical Group Associated With Several Hospitals in the Southwest
April 17, 2007
GSI Securitization Executes Sell-and-Purchase Agreement With Hospital
January 23, 2007
GSI Securitization Forms a Strategic Relationship with Silar Advisors, LP to Fund Asset-Backed Healthcare, Medical Account Receivables and Other Healthcare Financing Instruments
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DISCLAIMER: Nothing in the contents transmitted on this board should be construed as an investment advisory, nor should it be used to make investment decisions. There is no express or implied solicitation to buy or sell securities. The author(s) may have positions in the stocks or financial relationships with the company or companies discussed and may trade in the stocks mentioned. Readers are advised to conduct their own due diligence prior to considering buying or selling any stock. All information should be considered for information purposes only. No stock exchange has approved or disapproved of the information
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