GelTech Solutions Inc. (fka GLTC)

[asiatraveler]

Looks like 3rd q was worse than 2nd q, and that sucked. ZERO interest in this stock. If a company cannot do anything in the record breaking market environment that has been ongoing for quite sometime now, then they got a problem. Add another nearly 695,000 shares to the dilution machine. They have diluted just under 8 million in the last 1 MONTH. It is never ending, What do they do with alL the money they are raising? They are not generating any sales or paying down debt. Seems to me they are just using the money to pay insiders salaries and keep up their lifestyle. I noticed a pattern now when they update the share structure on OTC MARKETS. They put the amount one day before they dilute more. Why cannot they wait one more day after the dilution to update? SNEAKY. This has really turned into a POS.