GelStat Corporation (GSAC)

[m0n]

Yikes

[SittingPretty]

For those who aren't surprised when the TA does update, as of the last filing for Dec 31 2022, the OS was 621,860,636. The most recent update as of May 2nd, was 1,036,586,522. Now we just need distinction as to the recent activity on the restricted vs unrestricted to quantify the OS amount. We should get the TA updates soon. I just called them again, since I got a response from both the IR and the CEO. The PPS right now is a gift. Hoping to get an updated PR as well, per communication with the IR this morning. Who the hell knows when but at least I put some oil on the wheels this morning.

[olivertheflamme]

These prices are pure gifts . IMO , when news and update starts to hit , in this sector , we have at minimum a penny runner here. Potential is obviously higher but it all depends on the outcomes of their projects

[olivertheflamme]

Yes we are .

Talked to Mr.Acosta twice by phone and he was clear . They are working aggressively behind close doors but can't say much.

Needs to be fair with every investors , like regulations requires

[Stock_Gambit]

Yup. We are good

[SittingPretty]

Sure, the email was rather lengthy but here's a thesis:

1. First and foremost - we will remain in compliance
Regarding 'shell badge', we have never been a shell, we are following up with resolve. Adding: financial statements via SEC’s EDGAR, we bypass the OTC disclosure form
(He did not know that OTCM had purchased Edgar filing system last November from the SEC)

2. The TA, the table shown on OTCM is direct feed from the TA's system
(My mention of the TA's lack of updating was new information, I will call them again)

3. Passing a PCAOB audit on the first try should ease some of the red flags, which we will be able to resolve

4. Any questions about news and updates, the IR process does respond. The IR's email is [e-mail]

[olivertheflamme]

Can you make a resume of what he said ?

I've talked to him twice in the last month or so and obviously they are working behind the scene . He can't say much one on one but you can read between the line

[Stock_Gambit]

I don’t blame you. I stopped buying messaging last year. Helps me not get consumed in the background noise.

We should be good.

[SittingPretty]

Yes! We are good here, just have to be patient. Javier also responded to me and covered everything that has been griped about on here. If I had iHub's messaging, I could send it to you guys but I don't buy that anymore... sorry... And I don't want to post it on the open forum for obvious reasons. It was good and professional though. OK! This is a great day, imo!!! Thank you for participating in this too Very important to be informed

[Carjockey2]

Thank you for showing me the email..

Patience will pay..

Right now, the OTC is as hot as it can get..

Thanks again

$GSAC

[Stock_Gambit]

I emailed the company, they replied.

They are complaint and working. We just have to wait.

[Stock_Gambit]

Did they say everything was good between them and GSAC?

[SittingPretty]

I spoke with a DUOT affiliate today. They're literally busy as hell. GSAC topic was breached too. Also called the TA... Hopefully this GSAC startup communicates with shareholders soon... Not sure who wants to hold though lol Obviously some bailed this morning. The accumulation shows it isn't dilution. This had some attention last year, and the company went silent until March... is what it is... But I did make some noise this morning, but who the hell really knows when they will appropriately disseminate an update. Was a good simple talk this morning, with both affiliates, and that sometimes helps to get a ball rolling.... here's the CEO's email [e-mail]

[Major Profits]

What's up with the $GSAC silent treatment?

Just wondering.

[HoldEm777]

Not much volume but bid fills seem to be getting put on the Ask…. if that continues this will get ugly quick. Not like it’s not already a over pumped chit show… lmao.

[Pnypnchr]

You do call em like you see em, no lie.
LOL

[jonestint]

The hype train here has crashed. That seems to be a trend.

[HoldEm777]

A lot of factors imo… but the way things were pumped and dumped mainly. And the dumping continues. The company being silent as the dumping continues just smells as well.


Who files a 1-K? Filed 5/10/2023
https://www.otcmarkets.com/filing/html?id=16641198&guid=EgT-kFHqHQJzB3h

First question… is this a shell company?


As I said before. Just cause it’s a scam doesn’t mean it won’t move… but when it broke a new low on the 26th I made my mind up based on other factors.

[SittingPretty]

Here's a quick update as to what's happening in the market arenas, for those interested.
https://twitter.com/kshaughnessy2/status/1666495031144767508?s=20

[SittingPretty]

For the simple chart read; the daily shows the accumulation is staying steady, bottom bollie is raising, and the PSAR is atop (pressures downward) during this quiet time.
That's good news, at least

[Golden Cross]

Someone needs to read the filings and know how otcm labels work and what is necessary to get the labels off... Class A T..d spreading FUD here for sure...

[Major Profits]

"In this case I will spell it for ya. S…C…A…M…"

So how did you come to that conclusion?

Just wondering.

TIA

P.S. Just saw that SELL of 24,197,333 shares @.000602 (Trade #55). WTH is up with them dumps??

$GSAC

[HoldEm777]

In this case I will spell it for ya. S…C…A…M…

[Major Profits]

Describes a "Shell", no?

No operations is no operations anyway it’s spun

$GSAC

[HoldEm777]

My cell phone got me on that one. Lol. But it’s obvious it was Shell. Shell companies are not a bad thing I don’t guess.

[SittingPretty]

She'll be comin' round the mountain when she comes! YeeHaw

[Major Profits]

She’ll badge means it’s a shell.

So why is being a "Shell" a "bad" thing? TIA

https://scanz.com/otc-market-tiers/

Shell Risk

The OTC Markets Group may classify a company as a Shell Risk if the company has financial or other characteristics of a shell company. This classification is assigned subjectively based on a company’s financial disclosures and is not based on companies’ self-reported shell status. Shell companies can be problematic for investors because they hide the underlying company’s financial activity and changes in operations.

https://www.listedshell.com/

Shell companies enable an alternative means of going public without the long-winded, complicated proceedings of the traditional IPO process. The entrepreneur controls the concept of going public itself and is not dominated by banks, advisors, lawyers and auditors. Shell companies offer the entrepreneur with a high degree of independence from its credit-providing banks through a quick and easy path to the stock exchange, and enable direct access to the capital market and therefore the acceptance of interest-free share capital (equity capital).

Shell companies also enable a clear increase in the popularity of the company through its future positioning in the capital market.

$GSAC

[HoldEm777]

She’ll badge means it’s a shell. Has a deal closed yet? Wonder why the SS has yet to update on OTCM? TA is verified…

[SittingPretty]

The new engineering was disclosed in March via PR.
Here:
https://www.globenewswire.com/news-release/2023/03/07/2622073/0/en/GelStat-Forms-New-and-Advanced-Engineering-Division.html

The aspect of 'no operations' is real as of today via a 'badge' but that doesn't mean actions aren't occurring regarding the change of operations being disclosed once the company and their obligations are ready. But I understand your view since the 'badge' has now shown up. Perhaps you're right and it didn't work out... as of right now, no one knows except those who are handling the 'shell' aka 'company'. It's really simple and that doesn't detour me from holding a smart position.
Thanks for the gabbing this morning... It was enjoyed!

[HoldEm777]

No operations is no operations anyway it’s spun

[SittingPretty]

I totally get it when the call of 'scam' hits. OTC has been noted historically as a low-end arena of the markets. Heck, a shell can be bought for cheap and a business can be created in digital form to fraud the masses. That's a fact and it happens... The whole financial system was built on fraud, realistically. But there's those who actually like doing stuff and then they see the value in what they do and they market it. Sometimes ya just have to take a chance. Sometimes ya win, sometimes ya lose. Discernment is key.

[SittingPretty]

Thanks. It's important to know how the OTC works nowadays, with change of operations.

[HoldEm777]

Spin it how you like. It’s a scam

[SittingPretty]

Awesome, should have just said the facts about the badge.
The shell badge reaffirms the change in operations which is part of the process for the new engineering operations to be disclosed as the new revenue business via the purchased package from $DUOT.

[HoldEm777]

. I’m not “obsessing” over chit. A shell badge was added before a deal was closed. Add that up

[SittingPretty]

I'm good here and have a smart position. I'm not into talking about individual fears.
You take care of yourself... nothing is worth obsessing over.

[HoldEm777]

Smelling more like a scam by the day….she’ll badge added.

[HoldEm777]

Ha ha…. Geezzzz.

https://twitter.com/otcupdates/status/1666367039806513152?s=46&t=ieje0Nx2mSj5wfNMAUTmyg

[HoldEm777]

50/50 I guess. I don’t know where they are

[Stock_Gambit]

What makes you think they are gone?

[Stock_Gambit]

Haha ok Miss.

[jonestint]

There won't be news or that PPS again.

[HoldEm777]

Yep… the top buyers… a pump won’t be possible with out them. AKA: exit liquidity.

[SittingPretty]

$GSAC Great point!

[Stock_Gambit]

A couple days ago we had buying in the 12’s. When news hits, it will spike.

[SittingPretty]

It's wild how large a spread can be in these trips. Today's volume and turn around was perfect!
I trade through Etrade and use Think or Swim for some charting info. According to TOS's volume profile display, most $GSAC buys have happened in the 7 & 8s range.

[Stock_Gambit]

I’ve been in. Just .0008 is my avg.

[HoldEm777]

Good luck. Every sell is a buy for someone indeed.

[Solarman]

WOW $GSAC has a lot of applications. $MMMW might be a potential customer.

[SittingPretty]

lol Yeah, I get ya. Sounds like an explanation of how the algos are viewed from the human side.
All in all, the company is aware their stock volume has increased. Hopefully that is a sign to communicate when they have their ducks in a row.
I'm sticking with this one for the long haul. It has huge potential for my risk reward.