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greatday :>) ...looks like we are 'maybe' finally moving, which was a real nice surprise for me to see!!
Why Coal Could Spike in 10 Days
http://gettopstocks.blogspot.com/2008/04/why-coal-could-spike-in-10-days.html
Why Coal Could Spike in 10 Days
By Ian Cooper | Saturday, April 26th, 2008
China coal inventories are down to a 10-day supply.
For a country burning through more coal than the U.S., the E.U. and Japan combined, that's bad news.
With country reserves at 46 million tons, as of Thursday, it only enough supply to last maybe two weeks. Some regions, like Hebei only have enough reserve to last a week.
We're talking about a country where 70% of its energy is generated by coal-fired power plants. Lucky for China there aren't any big events coming up that'd attract millions and put extra strain on the country's power grid.
Phew! That would've been a disaster.
Oh... wait.
According to China officials, the country "is likely to be short of 10 gigawatts of electricity generating capacity by this summer," meaning that brown-outs and severe power shortages could be commonplace for millions watching the Summer Olympics.
But this shouldn't come as a shock. The once abundant and reliable source of energy is in short supply and under high demand. And if you think the 50% rise in coal prices over the last five months was bad, just wait. It'll get worse.
More than 40 ships are waiting in Australian port waiting for coal deliveries, slowed by rain. China and Vietnam banned coal exports. India demand is up. Blackouts are common in South Africa and the Indonesia island of Java.
But while it's bad for China, it's great news for U.S. coal companies, which are predicting that global coal demand, will outstrip supply by 25 to 35 million metric tons. Coal consumption could rise 74% by 2030. India alone is expecting for its current annual demand of 460 million metric tons to quadruple by 2031.
That's great news for coal company earnings potential.
Digest that and we'd recommend keeping an eye on Arch Coal (ACI:NYSE), which just raised its dividend, and the Market Vectors Coal ETF (KOL), which tracks the performance of a Stowe Coal Index that includes 60 global coal production and transportation companies.
Sure, not every one is thrilled with coal. Eco-friendly friends worry that increased carbon emissions will put Earth one step closer to the grave. But we're investors. We're trying to make you as much money as possible in the shortest time possible.
Ian L. Cooper
Nice informative reading G-day........probably should read it again.....lots of stuff there.
THE EMOTIONAL IMPACT OF SHORT SELLERS ON INVESTORS
Richard Geist
In early September Barron's was kind enough to quote my market comment saying that, "From an historical perspective we are approaching the two worst performing months in the market. Therefore, we suggest that you invest cautiously during the next eight weeks"
With a 10% correction in the S&P 500 already achieved and the likelihood of another interest rate hike looming larger, I'm still advising caution. But in the midst of these volatile market retreats, there is a little discussed topic than can be important to small cap investors. During these volatile periods, professional short sellers seem to emerge from their bearish lairs as regularly as ghosts and goblins meander through haunted houses on Halloween.
These fury pessimists do serve a useful and legitimate purpose. They correct excesses in the stock market and often call attention to some of the shenanigans that plague our free market system. In fact, specialists could not function without the capacity to short stocks. Shorting is an emotionally manipulative device-where short sellers not only bet against the success of a company, but through rumor and innuendo, do their best to discredit management and others associated with a company. It is a process subtly carried out by a small minority of investors with the conscious intent of influencing stock prices through manipulating our emotions. Internet chat boards are a prime place for such manipulation.
Because the process is thus far largely ignored by all regulatory bodies (e.g. longs are required to file a 13D if they own more than 5% of a company, but no such requirement exists for shorts), it is important for us all to understand the emotional impact of such actions. For these short sellers often pick on small companies who have yet to produce significant revenues and earnings. It is up to us to recognize the psychological forces at work, and this is very difficult to accomplish when we're nervous about a down market.
The Normal Investment Stance
All of our investments are motivated by hope--the hope that our stock selection will provide 1) the means to achieve some of our most cherished ambitions and ideals, or 2) provide the ability to correct experiences which have been missing or insufficient in our lives. Whether our goals involve accumulating money, power, self-esteem, independence, or other idiosyncratic phenomena, hope of success underlies all investment philosophies. At the same time, most of us fear that any stock selection will repeat previous disappointments or traumatic experiences (losses) from childhood. Each of these two dimensions has unique meaning for every investor, and the understanding of such meaning can illuminate the psychological factors that determine both our rational and irrational behavior. So in this context, let's take a look at how the shorts wittingly or unwittingly impact the dread of repeating earlier feelings of vulnerability.
The Creation of Misunderstanding
One of the primary principles that motivates us all is the organizing and ordering of experience--in other words, making meaning out of our perceptions. Most of us who enjoy investing in development stage companies have done considerable due diligence before committing monies. It is our understanding of the company's products, services and management that leads to a sense of confidence in the face of risk. It is this "understanding" which strengthens our sense of self and allows us to remain invested long term in an early stage company. At the same time there is always a fear that we might be misconstruing or misinterpreting a situation. This is why it is so important for management of development stage companies to continually make themselves available to investors. For as long as we feel knowledgeable and confident, it is possible to tolerate a wide variety of emotions as early stage companies attempt to achieve success against major odds. Without this confidence and understanding, we can't tolerate glitches in the company's progress, and we tend to sell out at just the wrong time.
One of the first ploys of those attempting to manipulate our emotions is to create misunderstanding. For example, reports are published employing emotionally tinged language with highly pejorative connotations--e.g. "It's been reported that highly questionable relationships exist with the apparently unknown investment bankers..." Reported by whom? What questionable relationships? Who says they are questionable? Investment bankers apparently unknown by whom? Why does it matter if they are unknown? These are all reasonable queries in the face of such a statement. But the herd rarely challenges such distortions. Instead we buy into the demeaning and inflammatory connotations that are designed to create confusion and misunderstanding in a contextual absence of any accurate facts to support a particular author's pejorative biases.
When we feel we've misjudged a stock pick, a number of interesting psychological phenomena take place. The containment of strong emotion becomes impossible (thus the normal self doubt characterizing such investments is no longer tolerated); psychological defenses such as paranoia are mobilized, and the confidence in our decisions begins to break down. In a word, the successful creation of misunderstanding leads to significant self-doubt, which is increasingly difficult to tolerate, and eventuates in exiting an important position at exactly the wrong time.
Adhominem Arguments
An Adhominem argument is defined as one that is directed at destroying the validity of a proposition, product, technology or service by attacking a person's character rather than addressing the rational flaws in the company's product or technology. For example, a CEO might be attacked because one of his or her shareholders had been involved in an unrelated shady deal ten years ago; thus, by implication, the reader takes away the idea that the CEO might be dishonest also. Or the Chief Financial Officer may have worked for a company that went into bankruptcy in the past, thus implying that the CFO had a direct responsibility for the bankruptcy and will repeat his or her mistakes in the present situation.
Many of us remain with a small company through difficult times because we admire and respect its management. One of the requirements for maintaining our investment confidence is our connection with available others who can be admired, looked up to and felt to be a source of strength and empowerment. (This is one reason, why we become so frustrated and angry when management lets us down, and it is this rage, which fuels many frivolous shareholder lawsuits). By calculating ways to destroy the credibility of such admired others, the enemies of a company attempt to weaken investors' connections to their admired management. Psychologically, this disruption tends to temporarily short-circuit our self-assurance, leading to a drop in self-esteem and vitality--and thus our investment staying power. For it is our imagined (or real) connection with a competent management that safeguards against mistrust and second-guessing ourselves.
Contagious Emotions
It is a fact of life that emotions can be contagious. Whenever our sense of self weakens, a psychological regression takes place in which cognitive functioning no longer remains at a logical rational, level. In other words, rather than maintaining our usual cognitive sophistication when making reasoned judgements, we begin to associate words and concepts with their emotional connotations. For example, the word red no longer denotes a color along a spectrum; it connotes danger. When the media wittingly or unwittingly relies on short sellers for their headlines "du jour" (those sound-bytes that sell newspapers or attract viewers) the media choose emotionally laden topics designed to appeal to investor emotion, usually suspicion and paranoia. For example, if a struggling company resorts to a Reg.-S stock offering, company detractors can point to the numerous underhanded stock deals that have occurred in what is actuality a legal and legitimate mode of financing. Such comments rarely include an analysis of the specific deal under discussion to determine its merits, or the fact that the financing may have been, for example, obtained at market rates rather than at the usual discount. The seeming intent of such inflammatory language is to evoke in investors an internal response, which has some affinity to the author's pejorative analogy by relying on the fact that emotions are contagious. Such subtly biased (positive or negative) writing has been referred to in the literature as "journalism of illusion," and more recently by Robert Samuelson as "junk journalism."
The World as Attacker
Whenever we feel threatened by anxiety, misunderstanding, or blatant attacks on our judgements, capacities or character, we become emotionally vulnerable. At his point our sensitivities become heightened. Sights, sounds, smells, off hand comments, or rumors that are typically ignored become very disturbing to us. Such vulnerability includes a readiness to experience the world as an attacker because the stimuli to which we have become so sensitive become organized in a paranoid way in order to be mastered. This is the reason why those who use emotionally manipulative devices can so easily disrupt financing arrangements. The investment bankers who are potentially open to funding development stage companies become just as caught up in the generated paranoia as the average investor. Furthermore, these investment bankers succumb to herd mentality, saying to themselves, if Merrill Lynch or Smith Barney hasn't jumped to secure the company's business, why should we?
The Negative Use of the Obvious
Many concepts in the investment world are taken for granted, but these notions are easily manipulated to appear anomalous. For example, a common ploy when discussing development stage companies is to point out that the company has never reported any meaningful sales or earnings. One could argue that such comments either reflects very little experience investing in development stage companies, or that someone is attempting to turn the obvious into frightening revelations. It contributes to the naïve impression that one should not invest in companies, which have shown no profits. As a specialist in development stage companies, it seems fair to say I have never seen a development stage company that has produced revenues and earnings. But the negative use of the obvious creates a psychological feeling of estrangement in us--e.g. how could I be so stupid as to invest in a company with no earnings or revenues"? The distortion of common sense facts fosters a sense of enfeeblement in one's sense of self, as we feel exposed to such an "obvious" mistake.
The Illusion of Objectivity
Those attempting to manipulate investor emotion set themselves up to become the admired, omnipotent, and reliable purveyor of objective information to others. Playing on the notion that companies sometimes exaggerate the benefits of their products or services, these individuals display an unshakable self-confidence in their statements and express their "knowledge" with absolute certainty. Usually they'll back it up by erroneous or out of context statements from ostensibly reputable studies which are not made available to investors. These characteristics are especially designed to sway those of us whose self-esteem has been temporarily damaged during periods of market upheaval. For it is during such periods that we are seeking hard facts and certainty. Much like cult leaders, the "experts" surface at this point to "objectively" point out the moral flaws in other's personalities and behavior.
It is only by recognizing these subtle, manipulative devices that we can avoid acting irrationally -especially in the face of volatile market retreats.
(c) 1999 Richard Geist
xxxxxxxx
Only 23 Boardmarks!!
And it looks like the stock is taking off.
Press Release Source: Geotec Inc.
Geotec, Inc. Files With SEC Its Master Development Agreement With TTI Technologies, Inc. for 10 Coal Sites
Wednesday April 9, 10:51 am ET
DELRAY BEACH, FL--(MARKET WIRE)--Apr 9, 2008 -- Geotec, Inc. (Other OTC:GETC.PK - News) confirmed today that it has filed with the Securities and Exchange Commission an 8K regarding a Master Development Agreement with TTI Technologies, Inc. Geotec, Inc. entered into a Master Development Agreement with TTI Technologies, Inc. of Omaha, Nebraska regarding further development of Geotec's proprietary enzyme/protein technology. The Parties contemplate that the Technology will be utilized in connection with bio-refinery units for the recovery of saleable coal or any other substance recovered from a designated site that creates revenue from the sale of gob, culm, lignite, or other lower grade or dirty coals or carbon fly ash and for the remediation of soils. Each Facility will be established to process 20 million tons of coal.
The Agreement is for a term of ten (10) years and contemplates two separate scenarios involving the construction and operation of Facilities. For a period of 12 months following the date of the Agreement, regarding projects identified and proposed by Geotec, TTI will advise and assist Geotec in the further development of the Process and in the procurement and construction of the initial equipment for a commercial scale Facility. Geotec has granted a right of first refusal to TTI or one of its affiliates (which may be exercised after the initial 12-month term of this Agreement) to render certain management, administrative, operational and support services in connection with the operation of each Facility controlled by Geotec.
Geotec has granted TTI the right to establish at one or more locations selected and acquired by TTI, up to ten (10) projects utilizing Geotec's proprietary Technology and the Process. Under this scenario, Geotec will be paid its production costs for the Technology plus one dollar ($1.00) per ton of saleable product generated from the Process. Additionally, Geotec will receive a portion of the Net Revenues derived from the TTI projects.
In addition to the generation of revenue, the Parties expect that the Process will generate tax credits under Section 45 of the Internal Revenue Code of 1986, as amended. TTI has substantial experience in connection with the monetization or operation of facilities producing in excess of 40 million tons of solid synthetic fuel (from coal) intended to generate tax credits under Section 29 (now Section 45K) of the Internal Revenue Code.
The Agreement references two related agreements, the forms of which are attached as exhibits to the Agreement. These related agreements include an operating agreement and a supply agreement regarding the operation of each Facility by TTI and/or one of its affiliates and the supplying of the Technology to each Facility by Geotec, respectively. The related agreements will be executed by the Parties upon commencement of each project utilizing a Facility and the Process.
Geotec, Inc. (Other OTC:GETC.PK - News) 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.
Statements in this release, which relate to other than strictly historical facts, including statements about the Company's plans and strategies, as well as management's expectations about new and existing products and services, technologies and opportunities, market growth, demand for new and existing products and services, are forward-looking statements. The words "believe," "expect," "anticipate," "estimate," "project," "intend" and similar expression identify forward-looking statements that can speak only as of the date hereof. This press release contains certain forward-looking statements regarding Geotec, its business prospects and results of operations that are subject to certain risks and uncertainties posed by many factors and events that could cause Geotec's actual business, prospects and results of operations to differ materially from those that may be anticipated by such forward-looking statements. The Company assumes to obligation to notify of any changes, other than material events as required by the Securities and Exchange Commission. Readers are urged to carefully review and consider the various disclosures made by Geotec in this new release and other reports filed with the Securities and Exchange Commission that attempt to advise interested parties of the risks and factors that may affect Geotec's business.
Contact:
Contact:
Geotec, Inc.
Bradley T. Ray
(561) 276-9960
info@geo-tec.net
http://www.geo-tec.net
Source: Geotec Inc.
That's a tough one.......but I'll guess if we trade a million shares we'll hit .35 or more because I think the shorting will stop at some point very soon.
OK Chris, so what's your guess for today?
I'll venture 1 million shares trade with a close of $0.18
And the shorting continues............................
700K and up a penny..........
23 Boardmarks!!
Chris, if you're right, by next week we may see hundreds.
Geotec is a story just waiting to be told.
Nice chart G-Day.........No volume today so far after an hour and a half. But, on a positive note there is NO selling so far either. All we need is news of some sort.
**G E T C Annotated Chart** (03/23/08)
http://investorshub.advfn.com/boards/read_msg.asp?message_id=27854950
Posted by: pennies2007
In reply to: greatday88 who wrote msg# 11711 Date:3/23/2008 10:38:28 PM
Post #of 11784
**G E T C Annotated Chart**
Here's a new chart on G E T C. The chart is bullish overall. The last couple of days have been pullbacks on fairly light volume so that doesn't really bother me. All stocks have to rest during an uptrend.
I do expect a pullback Monday based on the candle that was formed Thursday. Notice that the red candle form Thursday has no shadow on the bottom. That means that selling was going on right at the close. This also means that some sell orders were probably not filled and that means a dip is very likely Monday morning first thing.
During the dip, I would like to see the MA(10) hold as support and then see the stock bounce back up afterwards to begin the uptrend again.
You mentioned the .15 buy causing the long shadow on the candle. It does have a valid history as a resistance level so I would include it during any uptrend as a valid resistance. (see prior .15 high in Sept. 07).
Monday and Tuesday will tell the tale here.
Back to double digits......and I see the charts do not show the trades above .10 cents. Next week should be fun
Solid buying, 115k on the Ask of .09 - .088 x .09
Also, the amount of shares on the BID seems to have changed the way the shorts deal with smacking the BID. Looks like they ran up and bought at .09??? to smack the BID (my guess) later on this afternoon. Maybe this way they don't have to short but just take the .015 cent loss upfront.
I'll see if I'm right when I get back later this afternoon.
That is an older one......but don't see the point.
I'm saying the shares ARE in lockup as White Knight took over the contract and obligations.......
In connection with these transactions, Messrs. Lueck, Herman,
Ray and Norris have entered into a Custodial and Shareholder's Agreement and have agreed to a lock up of their shares for a period of five years. Mr. Lueck has also agreed to lock up all of the shares he has previously owned, which is
approximately 10 million shares of common stock.
OLD: http://www.sec.gov/Archives/edgar/data/1087717/000116169705000359/form10ksb-dec312004.txt
I don't find that same conclusion in any PR or Filings...
It's my understanding that they are restricted... as well as all the other shares owned by the management/insiders.
are these shares restricted?
On January 31, 2007, the Company issued 173,400,000 shares of its common stock to White Knight as partial consideration for performance under the aforementioned Assignment Agreement.
The real story??
All it tells me is that the company is still 90% owned by Bradley Ray, Rick Lueck, Bob Richardson and a select few wealthy insiders.
They seem willing to tell us that they have industry-changing technology... but we don't know where they are in their business arrangements to employ this technology.
Maybe this year we'll find out.
And maybe we won't.
The only date we can count on is 23 months from now when their (restricted) shares become free trading.
this blurb in the latest filing tells what is really the story...
9. Subsequent events
On October 4, 2006, the Company entered into an Assignment Agreement with White Knight Holdings, LLC (“White Knight”), a related party, to acquire 700,000 tons of coal as a replacement for the 700,000 tons of coal that was to have been provided from a prior agreement with Deerfield Enterprises, Inc. (a related party) in exchange for 346,800,000 shares of the Company’s common stock. At the time of the agreement, the Company did not have an adequate number of authorized shares of common stock to complete this agreement and has since amended its Articles of Incorporation increasing the number of authorized shares of common stock. White Knight Holdings, LLC is owned and managed by Bradley Ray, Chief Executive Officer of the Company and other individuals. On January 31, 2007, the Company issued 173,400,000 shares of its common stock to White Knight as partial consideration for performance under the aforementioned Assignment Agreement.
On March 7, 2007, the Company filed amended Articles of Incorporation (the “Amendment”) with the Florida Secretary of State to increase the number of authorized shares of common stock from 250,000,000 to 1,000,000,000 (one billion) shares. The Amendment also effectuated a name change for the Company to “Geotec, Inc.” The Amendment was reported by the Company in the Definitive 14C Information Statement filed with the Securities and Exchange Commission on February 12, 2007.
Chris, it's the same people running the corporation...
Lueck and Ray have been in control since 1998.
Name of Amount and Nature of Percentage
Beneficial Owner Beneficial Ownership of Class
---------------- -------------------- ----------
W. Richard Lueck 55,991,992 26.4%
Bradley T. Ray 33,000,000 15.6%
Justin W. Herman 21,700,000 10.3%
Deerfield Enterprises, Inc. 24,200,000 11.5%
Dr. Art Gottmann 17,249,351 8.2%
O'Brian Norris 33,000,000 15.6%
So, you believe Geotec will NOT be able to break through the generations of coal producers? Interesting comment, I have considered this as well, I would just add that IF or WHEN the deals are made, Geotec will not get just ONE deal but many. As you have seemed to suggest "Where ONE goes, the others follow" in the coal business. I believe UNLESS Geotec gets greedy there will be many contracts, IF greed sets in there will be NO contracts. JMHO
And I know......the next response from those that have held on before the business model change.....This was the same problem they had breaking into the Oil sector. But, remember we are under NEW management.
same goes with all the rest of my OTCBB investments...lol
Out where I live, the main product isn't coal... it's mushrooms.
They're grown by keeping them in very humid, dark places and planting them in lotsa manure... that's refreshed constantly.
It all sounds sorta like management treats us.
We're in the dark; the sky (i.e. stock price) has fallen; and every week or two they feed Chris a shovelful of manure to spread around and keep us happy.
can I point out the simple fact that this country has an abundance of high BTU coal reserves with generations upon generations of tight friendships/business relationships controlling every aspect of the coal industry, and that the basic business model of Geotec may be flawed in it's very essence...
just a thought...
That is an interesting post G-day........and maybe answers some of the questions as to WHY the PPS has stayed down in this area for so long. Many of us have taken turns buying at the BID and not putting any pressure on the ASK side, allowing us to accumalate shares in this area. When the buying pressure increases with news...filings....the computer will move the PPS up as needed to keep "an orderly market". You would think that the technology would also keep up with available shares at the DTC.....and take into consideration the 90% of shares in lockup, but apparently it does NOT.
Facts and Assumptions:
1. Geotec changes business plan and technology.
2. Geotec moves to the Pink Sheets.
3. Geotec has previously issued PRs there is a short in their stock.
4. Geotec now can continue business and build the company upon the new technology and plan.
5. Being on the Pinks, Geotec can build the company for shareholders and keep the shorts in the dark, since they are not required to make SEC filings.
6. Material information can be released to keep shareholders updated as deemed necessary without giving the shorts too much information.
7. Goetec has announced and disclosed to shareholders of a share buyback plan. Geotec should be able to buy those shares without any further announcements. But, it would show up in the SEC filings.
8. Goetec has announced their new business plan is coal and selling coal. Goetec should be able to sign contracts, many contracts, without announcements to shareholders.
9. Geotec said they will sell coal that has been treated with their technology. This has been announced to shareholders, so I believe Geotec has been selling coal, signing contracts, and collecting some up front money on those contracts.
10. What is points 8 and 9 have been going on in a big way, and the shorts are in the dark?
11. What is point 7 kicks in in a big way when Geotec is ready to release more information on points 8 and 9?
12. What is that short position is larger than most of us think?
13. Add to the mix, shareholders are moving shares into certs, removing them from the DTC. Will the shorts be caught short of shares to use to cover?
14. Will the DTC be short of GETC shares? Failures to deliver?
I like the plan that I think might be unfolding!
Pink Sheets vs. OTC Bulletin Board Stock Trading
Posted by admin in MarketNews
http://www.otcpicks.com/my-blog-dashboard/4.htm
You may have heard many small cap stocks described as an over-the-counter bulletin board stock, or an 'OTCBB' stock, for short. The bulletin board quotation system is indeed considered an 'over the counter' market in that there's no physical 'manned' exchange. But, it is not part of the NASDAQ stock market. Instead, the OTC Bulletin Board is a network of many market makers, each reporting current bids, offers, and completed trades to a centralized computer. The NASD has no authority over, or connection with, companies with bulletin-board-traded stocks.
You may have heard many small cap stocks described as an over-the-counter bulletin board stock, or an 'OTCBB' stock, for short. The bulletin board quotation system is indeed considered an 'over the counter' market in that there's no physical 'manned' exchange. But, it is not part of the NASDAQ stock market. Instead, the OTC Bulletin Board is a network of many market makers, each reporting current bids, offers, and completed trades to a centralized computer. The NASD has no authority over, or connection with, companies with bulletin-board-traded stocks.
OTC Bulletin Board Stocks (www.otcbb.com )
You may have heard many small cap stocks described as an over-the-counter bulletin board stock, or an 'OTCBB' stock, for short. The bulletin board quotation system is indeed considered an 'over the counter' market in that there's no physical 'manned' exchange. But, it is not part of the NASDAQ stock market. Instead, the OTC Bulletin Board is a network of many market makers, each reporting current bids, offers, and completed trades to a centralized computer. The NASD has no authority over, or connection with, companies with bulletin-board-traded stocks.
One source of confusion is that OTC Bulletin Board stocks can be traded or quoted via most NASDAQ data feeds. In fact, to the retail investor, NASDAQ-listed and bulletin board stocks behave identically. That's simply the power of technology though....the quotes you retrieve and the trades you make for OTCBB stocks are not actually handled by the NASDAQ's computers, but rather through the bulletin board's closed computer network. The aggregate result is a reasonably orderly system of trading bulletin board stocks.
The OTCBB could be considered a nearly identical to the NASDAQ's bid/ask technology, however, there's a significant difference - trades done with NASDAQ stocks are actually processed by the exchange; trades done on OTCBB stocks are handled directly by market makers....the board simply 'introduces' the two parties and the market makers make the trades.
Unlike a NASDAQ listing, a company desiring to have its stock trade as a bulletin board stock has no exchange to negotiate with...they have to do it through one of the participating OTCBB market makers.
Despite the differences, there are some important commonalities between the OTCBB and NASDAQ markets. Both have similar SEC filing requirements. Any public disclosure and documentation you can expect from NASDAQ-listed companies can also be expected from companies with stocks trading as OTCBB issues. This information is usually accessible through EDGAR
(http://www.sec.gov/edgar/searchedgar/webusers.htm ). If a company does not report, they will soon be removed from the OTCBB system.
Pink Sheets Stocks (www.pinksheets.com )
So where do pink sheet stocks fit in? This market (technically, it's a quotation service) is actually run by a company called Pink Sheets LLC, and is yet another computerized over-the-counter market, though with several key differences. Like OTCBB stocks, only a market maker can list and provide quotes for a Pink Sheet equity.
What are the Differences? There are essentially no size or registration requirements for a stock to trade on the Pink Sheets. And, a Pink Sheet listing does not preclude being listed on other exchanges. The biggest difference, though, is the lack of SEC filing requirements. Pink Sheet companies DO NOT have to provide disclosure of their financial results and material information (though they are strongly encouraged by Pink Sheets LLC to do so). On the other hand, they aren't forbidden to file these documents. Many company’s looking to move from the Pink Sheets to the OTCBB or AMEX or Nasdaq exchanges will begin reporting as a Pink Sheets company to get all their reporting infrastructure and audits done to begin the process of qualifying for the OTCBB or a larger stock exchange.
As a consequence, many Pink Sheets companies voluntarily submit quarterly and annual filings. The goal is to establish credibility with the marketplace, and perhaps make it easier to achieve a bulletin board or exchange-listing in the future. So, investors should not totally avoid pink sheet stocks simply due to a lack of exchange or SEC regulatory requirements. You may find many Pink Sheet equities with full disclosure, and in some cases, far better results than OTCBB or even exchange-listed companies. But as always, do your own homework and consider you stock trading prospects on a case-by-case basis.
so far today none of these trades would be purchases by the company...
can only buy the bid side, and none of these trades are going off on the bid side, all ask so far..
which is still a good sign....
I haven't been keeping a record, maybe GD8 has the T&S for the last few weeks..
Good Point(s)
Have you looked at the trades over the past few weeks to see if the majority of them comply with these rules?
I can guarantee 100% that the buying is not the company...
1. They don't have the cash on hand.
2. They can only buy/bid on the bid side, and not buy for the first and last 1/2 hours of the trading day...
Look at the trading report for today....
All the shares traded today were within 15 minutes of the close..
GEOTEC, INC. - Nasdaq National Market: GETC
Time & Sales most recent next page
Rec. Time Action Price Volume
3:55:08 PM Trade 0.08 200
3:51:30 PM Trade 0.071 2000
3:45:56 PM Trade 0.078 6125
More likely, it's the buyback that the company 8k'd many moons ago. But why would that just stop now?
Investors have long had their time to buy at prices even lower than today's.
And I can't imagine any new investors buying the volumes of shares we've seen traded lately. Not without convincing input from the company.
when you see the mysterious volume, one has to think it was another investor getting some cheap talk from an insider...
Honestly, the stranger question might be why we've had volumes of almost 100,000 shares a day for all these recent weeks.
The company has made no announcements, remains significantly behind in its filings and has done nothing to instill any new buyers or any new interest from the long term stalwarts.
Today's relative inactivity seems more like what we should expect to see.
A day with the Bid and Ask moving around but no trades....no one wants to bite the bullet....
and sell....
or buy....
Quotes I seen today, in this order
.071 x .085
.071 x .08
.074 x .08
.076 x .08
All this movement supported by zero volume.
These shares today were NOT a seller, this was a mad soon to be poor businessmans decission. That's why the only seller was 1 MM at .08 when volume picked up.
Canada! They print their own up there. Payday is closing in on them fast!!!
A large seller wanting out?
How about a large buyer wanting many, many shares... with a huge shorter under pressure to cap the price any way he can?
Looks like a game of russian roulette being played out right before our eyes.
206k so far with about 150k on the Ask of .08. The must be a large seller wanting out at .08...is that possible. Let him get out and get rid of that overhead.
Price Size Exch Time
0.08 30000 OTO 15:00:53
0.08 20000 OTO 15:00:10
0.08 10000 OTO 13:45:21
0.08 3285 OTO 13:31:47
0.08 200 OTO 12:58:40
0.08 5000 OTO 11:03:41
0.08 32923 OTO 11:03:11
0.08 8500 OTO 10:57:50
0.08 10000 OTO 10:57:22
0.08 13000 OTO 10:25:50
0.08 5000 OTO 09:35:23
0.081 5000 OTO 09:33:34
0.085 3500 OTO 09:33:32
0.081 25000 OTO 09:33:19
0.085 25000 OTO 09:32:15
0.081 10000 OTO 09:30:03
Where, praytell, are all these shares coming from?
Nice volume today, trading on the Ask.
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11/10/02
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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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