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GETC annotated chart done by Pennies2007 on 02/22/08
http://investorshub.advfn.com/boards/read_msg.asp?message_id=27034856
There is no reason to hit the ASK when the BID builds you will see the 200 print go through at the ask like it did just now today for the 2nd time and they will short you some more shares. Are they thinking they can keep an orderly market and will just cover them at .10, .15 or .25 cents? Makes know since to me, but it happens daily
I also have seen the 200 share print appear on the Ask often times the past few weeks. There has not been any volume follow through on the Ask. Most of the volume the past weeks has been on the Bid, which is good for those patiently waiting for shares on the Bid.
200 shares on the ASK everyday "need more shares" to short again.
my Brother-in-law lives a few miles from the site you visited..
next visit, I may find myself showing up unannounced..
You now what I think is funny......the shares available at the DTC last year at this time are now about half of that. What's going to be the funny thing is when there are more shares short than what's at the DTC. Now that's funny! I've never seen a claim filed like this but now that's going to be something to watch.
I'm sure some will run and try to hide, but banks/insurance companies can't.
I agree about it consuming my thoughts but I do rest easier knowing what "can" happen here. My thoughts have been more "What will force them to show their hand?" AND "How long can they be silent? They answer keeps coming up....Not past production which is about to start in a couple weeks. At least in PA!
somehow, knowing what is going on, is worse than not knowing...
It completely consumes my thoughts.
this waiting is a horrible thing.
I Agree!!! I can't imagine anyone holding on with the lack of information out there. And without study I can't see why anyone would invest......If I did not travel and see first hand....and keep in contact I don't know if I would have hung on. But, I've done my share of DD and it will happen soon. IMO The signal will be the volume before news. again IMO
I can't wait to see something happen with any of these stocks....
they all are a pain at this point...
Not too funny for those of us waiting.....but I believe they are holding up filings for a purpose. Not at first......as I think part was due to spending the money to stay current when NO earnings or revenue would be there for price support. Now, I believe the holdup is part of the plan but we'll have to wait until they are good and ready to see why. March should see production kicked up and they will be forced to show their hand......IMO
it's funny how long this is taking..
seems it's harder and harder for these type of companies to make a filing stick...
That's my count too, I expect we'll see several coming through when ever they decide to release them.
One k for 2006; three q's for 2007. In a few more weeks, one more k for 2007.
how many filings is GETC behind on now?
Greatday! Yes the BID has been getting a little stronger in the last few days......and it's either as you say "sellers" or more shorting. If it is sellers...What a shame to have held this long and sell out now. Because as you just posted Geotec did close the PA site this winter but will have it and a few others running in March. I'm sending you an e-mail in regards to the other post.
Chris
The price has been a little stronger the past couple days. Watching the trades the past weeks, most of the volume has been on Bid. Maybe people selling to move the funds into another stock they think will do better?
Geotec may not be processing in PA this Winter, but they probably are get things in place to begin operations in earnest when it warms up.
We need to get a few coal sites in the warm states which I believe will happen.
Chris, congratulations on your position as Mod. I had not posted for a spell, so I was removed as Mod. I asked why I was removed. The reply was they removed about 2200 inactive Mods. Said I could make several posts and then apply for the Mod position.
Yes, it's sorta there on the web site(s.)
But it would take a lot more effort to weed out what's been accomplished than 99% of investors/speculators/traders could or would be able to accomplish.
And even if they were capable and went to the effort to figure out what's there, only the technical side is revealed. We don't have a clue where they are from a business point of view.
I will say that many are missing the boat on this one. Even though it's flying under the radar at the moment.......there is enough information out there including the "new" updates on the web-site www.geo-tec.net to see the direction Geotec is going in. I've been doing a little research on the old 29 tax credits and the new 45 tax credit and how that may be a BIGGIE for Geotec.
I don't think so,I would think the buyback volume to be much higher as in a few hundred thousand per day.
A long time ago (possibly a year ago) geotec announced its intent to do a buyback.
On the basis of that announcement, could that be what we're seeing in recent trading?
I expected to hear news or announcments before now, but I believe we will see an increase in volume before Geotec gets filings current.
volume wasn't there to suggest any crisis...
Took quite a hit today, might be worth picking back up if it reaches the consolidation level
Here's the part I like best...
=================
We are focusing our business efforts on “Green Energy” production and use of BTU output or conversion of the caloric content of hydrocarbons, through several technologies, which includes the use of our coal assets. Coal prices should remain at their current levels, or move higher based upon increasing usage in China and India, as well as other emerging countries and the more recent increase in oil and gas prices. Distribution of our refined coal occurs through agreements with our customers and traditional transportation methods utilized by the coal industry. These methods include, transporting by ship, barge, railway and over the road trucking.
On January 27, 2006, we received coal washing test results from SGS Commercial Testing & Engineering Co. of Denver, Colorado, which provided independent verification and validation that chemical modification of the Pennsylvania coal utilizing our proprietary recombinant protein/enzyme technology (acquired from Richcorp) increased the commercial value of such coal. We believe that test results from the chemically processed coal demonstrate that the processed coal qualifies as “Refined Coal” as such term is defined in Section 45 of the Internal Revenue Code of 1986, as amended. The results showed a 15.6 % increase in Btu per lb. to 13,209 Btu; a decrease in Ash of 58% to 7.33% and a 20.2% decrease in lb. S02/mm Btu.
On March 3, 2006, we executed a purchase order agreement with Island Sales Limited, a Pennsylvania corporation whereby we agreed to sell 500,000 tons of Pennsylvania processed clean coal to Island Sales between April and December, 2006, at the price of $47.10 per ton, subject to processing and delivery specifications. We have not been able to process and deliver this amount or any amount of coal and therefore may be in default of this contract.
In connection with our “Green Energy” business model, we have designed, co-manufactured and tested a small batch processing coal bio-refinery with TecEnergy Pennsylvania, Inc. (“TecEnergy”), a Consolidated Energy & Technology Group, Inc. subsidiary. The coal bio-refinery was designed to utilize our enzyme/protein technology to produce clean coal from waste coal. Our enzymes/proteins are part of an enabling technology that can economically bio-refine hydrocarbons (coal and oil) to remove contaminants such as ash, arsenic, mercury, sulfur and other heavy metals to increase the value of the coal or oil. In addition, heavy or long chain hydrocarbons, such as are contained in sludge or coal, can be bio-chemically modified to increase the value of the coal feedstock.
An independent laboratory obtained the following comparative test results:
Waste Coal (Dry Basis Pre-treatment)
Waste Coal (Dry Basis Post-treatment)
Btu/Lb
7,302
12,009
Ash
46.75%
19.24%
Sulfur
0.63%
0.82%
Independent laboratory testing results confirm that our technology bio-chemically transformed the waste coal by causing a substantial decrease in the level/volume of ash and other contaminants. We are now designing continuous flow bio-refineries, as operational volume manufacturing units intended to process 10-100 tons per hour. These continuous processing bio-refineries have multi-staged processing capabilities that are projected to facilitate further
18
reduction in ash, or other coal contaminates such as sulfur, mercury, arsenic or other heavy metals.
These bio-refinery units are part of our process to remediate soil that has been mixed with the contaminating laid-up coal. We intend to utilize a specific type of enzyme/protein that is designed to sequester and eliminate hydrocarbon contamination (and the by-products thereof) and alter the soil to Environmental Protection Agency acceptable hydrocarbon levels.
Our enzyme/protein technology comprises over 140 specific proteins that perform various biochemical processes on hydrocarbons, their by-products and metal contaminants. The technology can tailor coal or other hydrocarbons, as well as transform solid fuels to liquid fuels. The processes vary depending on the starting feedstock, and the desired end product and value of that end product.
We are currently conducting business operations in the Commonwealth of Pennsylvania in cooperation with TecEnergy. We have recently entered into a Commodity Purchase Agreement with TecEnergy to acquire up to 100,000,000 tons of mined coal controlled by TecEnergy. We intend to serve as a vendor of our enzyme/protein technology and sell the enzyme/protein product to TecEnergy, Ecotec and possibly other entities for use in processing waste coal. These enzyme/protein product sales, processing of waste coal with the enzyme/protein product and the resulting chemical transformation of waste coal should enable Ecotec to perform its contractual obligations to provide us with refined coal at $18.50 per ton. Our goal is to identify end users of refined coal (such as power companies) and enter into sales agreements to generate revenues and profits for the Company. Provided that we achieve desired testing results with the enzyme/protein technology, we may be able to sell refined coal directly to NYMEX.
The Commonwealth of Pennsylvania has published that approximately 250,000 acres of the Commonwealth are contaminated with waste coal sites. It is estimated that this represents several billion tons of coal that has been laid up on these sites since the early 1900’s. In addition to our cooperative business activities with TecEnergy and Ecotec, our goal is to seek out and obtain additional waste coal resources to process into refined coal for commercial exploitation as discussed above.
Many thanks for your prompt reply Chris1,i will try that link.
I am not in coal but trying to set up a small industry,if this technology works,if financials workout,y not.
If it goes i will be happy...
Have you seen the new video Geotec put up on the website yesterday? It's small but right on the home page, just right click, then zoom to full screen mode. As far as contact information, it is on the website as well. Management has been in PA,KY,WV,..... the last few weeks but I know that a few will be in the office Monday morning. Are you in the coal business? You may have to stand in line for a business opertunity but doesn't hurt to try. I expect we will see and hear of many sites in several states, VERY SOON!
Chris, thanks for the information. Even I have sent them an inquiry for a project report, As I am also interested in setting up a small co. using this technology.So far no reply, if you have any working contact address ,please send.
Anyway nice breakout,looking fr more lol
Other Information from India News paper: http://www.feedshow.com/show_items-f...5abe570?page=2
Firm will double Indian coal value
Date: Sunday, 06 May 2007 19:20
Kumar Chellappan
Chennai: A US company has come forward to increase the thermal calorific value of Indian coal by bringing down the ash content, an ecological and environmental issue in and around coal-powered thermal power stations. Indian coal is "infamous" for its high ash content which at times touch 40 per cent making it uneconomical.
"We have developed a protein/enzyme technology which can minimize the ash content in coal by 50 per cent," said Brian L. Hall, president, CleanKoal, a company engaged in the purification of coal. He said the technology could more than double the value of Indian coal.
Hall said he had preliminary discussions with the public sector Coal India Ltd and some major thermal power stations in the private sector. "They have shown keen interest in the technology and we are scheduled to meet sometime in July for more discussions," said Hall over telephone from the US.
According to Hall, CleanKoal has been purifying high ash coal discarded into huge waste sites called glob piles and slurry ponds in the US. "It is a three step process. We crush the coal to a fine powder form. Then we wash it for 20 minutes with the exclusive enzyme developed by us. This enzyme will break the chemical bonds that hold the ash, sulphur and other hazardous chemicals to the coal. Later we separate the high-grade coal from the ash and other chemicals using hydro-cyclones," explained Hall.
And Here: http://www.hindu.com/2007/04/19/stor...1902290900.htm
If a company was getting ready under the radar so to speak, would this be a way to do it and remain undetected?
From Feb 1st PR: Founders of Cleankoal???
Geotec is pleased to announce that Tom Yarbro, President, and Bryan Hall, VP of Yarbro Equipment Services, Inc. have begun the engineering, design and development of a Five Thousand Ton (5000) per day, bio-refinery unit to be located in Belle Vernon, Pennsylvania.
I do know there will most likely be many joint ventures with Geotec which includes many coal sites, many companies, States, and countries involved. I was told this was not worth mentioning…………. but I as a shareholder think to be part of a “Clean Energy Technologies Trade Mission / Business Delegation of 17 United States companies is “pretty impressive”.
Here is the first of the information I found doing a Google search on “Protein Enzyme Coal Technology”. The 8th from the top: FICCI ENVIRONMENT CONCLAVE 2007 which is a word document registration form for companies to GET to speak with a select few US Delegation of companies about Advance Clean Technologies. This United States Delegation of companies can be found here: http://www.ita.doc.gov/press/press_r...ion_041307.asp
“I’m sure you noticed GE Energy, DuPont, Emery Energy….17 companies in ALL. Did you also notice CleanKoal??? If you missed it click HERE:
http://www.cleankoal.com
Does it look familiar? Do the founders of Cleankoal ring any bells?
There is very little information on what Geotec has been doing since they went to the PINK SHEETS and became invisible last year. We do know the future looks bright but don’t know how bright. We assume there is a lot going on behind the scenes that we can’t expect them to reveal until they are ready that’s why Geotec “Went to the pinks”.
I’ve done countless searches in my spare time to find anything that could remotely contain more information and ran across something very interesting the other day. I didn’t know if I was going to post the information and if I did “How worthy was it”. I have decided to let you all decide and get your take on it!
Volumes Picking Up.
Maybe some new buyers have discovered Chris' pictures.
http://www.youtube.com/Geotec1
http://s133.photobucket.com/albums/q...02007%20Visit/
Not long now until the company reveals what it's been up to for the past year.
man I hope Bradley Ray gets PK to visit....
that would kick ash... no pun intended...lol
10QSB OUT
http://www.secinfo.com/d1a41a.uk.htm
New video made yesterday! Shows more equipment added.
http://www.youtube.com/Geotec1
Yea, and this is the funniest!
Geotec and Enterprises specifically repudiate, reject, renounce and declare null and void for fraud, any claims by Justin Wallace Herman, Obrian Norris and/or any person or entity acting on their respective behalf or by operation of law to an interest in and/or ownership of the capital stock of Geotec through the Custodial Agreement referenced above or any other document or agreement. The intent of the Parties hereto is to continue to observe, among other things, the five-year lockup and escrow provisions of the Custodial Agreement, subject to the specific exceptions and exclusions set forth in this paragraph 4
nice twist in this fun story....
http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0001380389%252D07...
Thank you for the videos!
Chris many thanks for nice video posted by you.
I am holding this from more than a year hoping that some day it pops.
Let us see..
I really like the long term potential of this stock.
It looks like this is one of the only pennies you can actually invest in.
Here's some video of my trip yesterday to one PA site:http://www.youtube.com/Geotec1
you know what I'm going to delete the whole conversation...
it ain't right to have said that in the first place....
what I want to know is.....
why you still like GETC so much after all these years?
but more so, why do you think it will make you money?
don't get me wrong, I wish the best for you & it....
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http://www.geo-tec.net/
http://www.richcorp.net/
http://www.rich-labs.com/
http://tecenergylimited.com/global.htm
===============================================
========== Share Structure=======================
1. Authorized Common shares: 1 Billion
2. Authorized Preferred Shares: 10 Million
====================================
DELRAY BEACH, Fla., Feb. 8 /PRNewswire-FirstCall/ -- Geotec Thermal Generators, Inc. (Pink Sheets: GETC - News), in response to numerous inquires, is confirming that its common free share position, effective, January 31, 2007 is 29,063,987 common shares, on deposit with the Depository Trust Corporation (DTC). These shares are held in electronic form and freely tradable. 9,017,429 shares are in free trading certificate form, and the balance of 187,487,323, are restricted. Of the 187,487,323 restricted shares, 184,751,992 are pledged to, and are part of the Five Year Lock-Up Agreement controlled by Bradley T. Ray, the Company's Chairman and CEO.
Further, with the completion of the 14-C authorizing the increase in authorized shares, the Company will be able to complete its obligations to White Knight Holdings, LLC and Richcorp, Inc. Those obligations are described in the Company's previous filings with the United States Securities and Exchange Commission, and those shares are also part of the Five Year Lock-Up Agreement controlled by Bradley T. Ray.
Finally, any and all shares issued from the increase in authorized shares are subject to the Five Year Lock-Up Agreement, unless and if the shares are part of a registration filed with the United Stated Securities and Exchange Commission.
===============================================================
As of September 12, 2008, there were 415,391,107 shares of our common stock issued and outstanding. (ALL but aprox. 29M are in lockup)
======== From 10KSB of December 29,2006 =======================
WE HAVE ABANDONED OUR FORMER BUSINESS MODEL AND ACTIVITY TO UTILIZE THE PATENT DESCRIBED HEREIN AND TO BE A SERVICE PROVIDER TO THE OIL AND GAS INDUSTRY.
During calendar years 2003 and 2004, our business model centered around our ten-year exclusive license and U.S. Patent No. 6,817,298 to market and sell a unique oil treatment service to customers in North, Central, and South America. This technology, Gas Generators(TM), was not fully commercialized. Accordingly, we intend to sell our interest in this technology and we will not be a service company to the oil and gas marketplace. Instead, we will concentrate on monetizing our coal assets and our “Green Energy” technologies.
In the first quarter of 2005, we changed our business plan to pursue a “Green Energy” business model. Pursuant to this “Green Energy” business model we have entered into agreements to acquire laid up coal, above ground coal mines and technology to utilize coal to produce synthetic fuels. We intend to continue through 2006 to enter into additional agreements to acquire coal assets and technologies to produce gas, liquid or solid synthetic fuels, or refined “clean” or “Ultra Clean” coals. Through agreements described herein, we have obtained technologies that enable the processing of coal into Ultra Clean or Clean Coal. However, we have not yet generated any significant revenues with this new business model and there can be no assurances that future revenues will be sufficient to sustain and support our projected business operations. Further, while the technology has been favorably reported in a laboratory and pilot plant setting, there is no evidence that the technology will be commercially feasible as it has never been utilized to refine coal in a commercial setting.
===============================
Geotec, Inc. (PINKSHEETS: GETC) is a Green Energy Technology Company. Geotec has operations in the United States and Argentina and utilizes proteins and enzyme technology to chemically convert hydrocarbons to commercially higher value coal. The technologies are also used to purify hydrocarbons, such as coal or oil, of heavy metals and other contaminants such as sulfur, arsenic and mercury to prevent or correct pollution in the air, water or soils. In addition, hydrocarbon contaminated soils can be re-vegetated and re-forested.
============ 8k 04/09/08 ============================
Item 1.01 Entry into a Material Definitive Agreement.
MASTER DEVELOPMENT AGREEMENT WITH TTI TECHNOLOGIES, INC.
On April 8, 2008, Geotec, Inc. (“Geotec” or the “Company” ) entered into a Master Development Agreement (the “Agreement” ) with TTI Technologies, Inc. (“TTI” ) of Omaha, Nebraska (jointly referred to as the “Parties” ), regarding further development of Geotec’s proprietary enzyme/protein technology (the “Technology” ).
========== 8k 05/14/08 ==========================
Item 1.01 Entry into a Material Definitive Agreement.
On May 9, 2008, Geotec, Inc. (“Geotec” or the “Company” ) executed an investment banking agreement (the “Agreement” ) with StoneGate Partners, LLC (“StoneGate” ), a specialty investment banking firm based in Boston, Massachusetts.
===========PR Sept 15th 2008====================
Geotec, Inc. Has Received United States Patent Pending Status--Application Number 61/132,397
Geotec, Inc. (PINKSHEETS: GETC) announced today that it has filed patent applications with the United States Patent Office. Acknowledgment, as patent pending, has been received by the USPO for "Methods of refining hydrocarbons fuels and post-combustion production by enzyme and protein reactions." (Application number 61/132,397) The patent applications included the protein and enzyme processing, cleaning and purification of pre-combustion solid, liquid, and gas hydrocarbons. The patent application also included the lowering of metals, mercury, sulfur and other hydrocarbon contaminants that will decrease the air emissions of Nitrogen Oxides (NOx), Carbon Dioxide (CO2) and Sulfur Dioxides (SO2) and fine particles. These patents describe the bio-refining process for bio-diesel/jet fuel and marine bio-diesel. The Geotec intellectual property and enzyme/protein patents cover several cellulosic enzymes to convert waste farm products (corn stalks/cobs, rice husks, etc.) to ethanol/methanol for inclusion in "GeoRich Bio-Fuels." The "GeoRich" family of bio-friendly fuels will be used to operate the company's mining, bio-refining facilities and product delivery with bio-diesel/jet fuel and marine bio-diesel. The transesterification of ethanol into bio-fuels and bio-crude, environmental remediation, preliminary stages of carbon sequestration (pre-combustion) and its process to decontaminate gases containing impurities are part of the patent application. The protein/enzyme chemical sequestration and control of carbon dioxide, sulfur dioxides, nitrogen oxides, metals, and other contaminates from the post-combustion of solid, liquid and gas forms of hydrocarbons are part of the patent applications.
===========Filings during 2009====================
2007 1st Quarter 10Q- http://www.sec.gov/Archives/edgar/data/1087717/000138038909000006/getcform_10q033107.htm FILED 01/20/2009
2007 2nd Quarter 10Q- Not filed
2007 3rd Quarter 10Q- Not filed
2007 10K- Not filed
2008 1st Quarter 10Q- Not filed
2008 2nd Quarter 10Q- Not filed
2008 3rd Quarter 10Q- Not filed
2008 10K- Not due until March 2009
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