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Like I said, it is important for one to do their own DD.
Guess Wallace is unfazed by the near certainty of his PUBLIC HUMILIATION and infuriating daddy...
BTW, just because a low level judge is ignorant, does not mean they are stupid, retarded, or in any way mentally or emotionally challenged. IMO, others may disagree...
So why was the SEC created if NOT to protect stockholders from ILLEGAL stock manipulation such as Wallace keeps bragging about?
Isn't that self defeating of Wallace, to brag about VIOLATING SEC regs?
Why would any sane person brag publicly about breaking any law, much less Federal?
Is that why the FBI is now assembling a file on Wallace et al?
This ILLEGAL manipulation he keeps bragging about?
mo-
Mech
So Wallace's wife left him due to GOSY?
So Wallace is more concerned...
...with MONEY than doing PRISON time and his wife left him because of that?
Correct?
Like I said, and is documented here:
http://www.geckosystems.com/W_W_W
Wallace truly believes the legal system is simply there to provide him "willing victims."
Correct?
Wow, wonder if the Sheriff will hit his siren briefly to bring Wallace out of his home in that fancy gated community?
Bet the neighbors will be video'ing Wallace's perp walk to upload on YouTube since his wife has left him due to his obsession with Mrs. Spencer, or is it Ms. Nelson he is obsessed with?
Will it go viral?
mo-
Mech
Gouge informed them here:
http://geckosystems.com/W_W_W/Appelants_Reply_Brief.pdf
Thanks for asking!
Sometimes words are not enough...
mo-
Mech
This says the Judges are poorly informed:
http://geckosystems.com/W_W_W/Appelants_Reply_Brief.pdf
BTW, the shares will NEVER be registered in the sheriff's name, will they? So the sheriff would cause the sale of Spencer's shares with the proceeds going to Wallace except that RULE 144 applies and it prohibits Beneficial Owners from selling more than 1% in 90 days IN ORDER TO PROTECT THE OTHER STOCKHOLDERS.
Sometimes words are not enough...
mo-
Mech
NONE of Spencer's stock will be sold...
...by Neil Wallace, his parents, the "sheriff," or anyone else.
The IRREFUTABLE reasons why it CANNOT happen are:
1. The proposed sale VIOLATES Federal securities laws, specifically Rule 144 which governs the sale of all restricted stock, REGARDLESS of WHO is doing the selling or the circumstances.
Further, Rule 144 REQUIRES that ONLY FINRA/SEC brokers execute ANY and ALL sales.
So the sheriff does not have to comply with Rule 144?
SURE, they do!
BECAUSE:
2. Federal law ALWAYS trumps state law.
Whenever state law conflicts with Federal law, FEDERAL ALWAYS prevails and precludes enforcement of any and all state laws that conflict with Federal laws.
3. GOSY's DE attorney has demonstrated competence MANY times.
Wallace has NEVER collected ANYTHING in the 5 years of his FAILED attempts to collect monies from GOSY and/or the Spencers NOT legitimately earned by him or allegedly due his parents.
Therefore, NONE of Spencer's stock CAN be sold by Neil Wallace, his parents, the "sheriff," or anyone else.
In conclusion, the Spencers will NOT be losing majority control of GOSY since their 51% ownership is in preferred GOSY shares is NOT at risk in ANY manner, or have ANY of their common stock holdings sold, either.
Wallace has chosen to not make public the so called opinion letter he hee haws about being the "end all" solution supporting his position. Of course he won't since his position is INDEFENSIBLE.
facts remain facts-
Mech
Rule 144 ALWAYS applies.
Wallace is getting an VERY expensive and PUBLIC education here.
One may find some personal DD insightful.
I did.
Even GOSY's attorney agrees:
http://geckosystems.com/W_W_W/Notice_of_Appeal-stocksale.pdf
http://geckosystems.com/W_W_W/Brief_for_appeal_of_stock_sale.pdf
http://geckosystems.com/W_W_W/Appelants_Reply_Brief.pdf
After reading the foregoing legal briefs, it is apparent that it doesn't matter if voluntary or involuntary, the RULE 144 Beneficial Owner Requirements are NOT there for the benefit of the holder, but the OTHER shareholders!
This SEC reg is to prevent ILLEGAL manipulation of stocks, like Wallace constantly brags about doing!
Sometimes words are not enough...
mo-
Mech
Rule 144 ALWAYS applies.
WHAT ABOUT BENEFICIAL OWNER REQUIREMENTS?
Wallace is getting an VERY expensive and PUBLIC education here.
One may find some personal DD insightful.
I did.
Ask an SEC attorney that understands Rule 144, instead of avoiding its mention or reference in any manner whatsoever.
I am right.
Even GOSY's attorney agrees:
http://geckosystems.com/W_W_W/Notice_of_Appeal-stocksale.pdf
http://geckosystems.com/W_W_W/Brief_for_appeal_of_stock_sale.pdf
BIG NEWS HERE!
http://geckosystems.com/W_W_W/Appelants_Reply_Brief.pdf
Mech
When, not if, GOSY's stock pops, then the Spencers' would have budget to enable Wallace to embark on a brand new career at the age of 62!
Responding to the daily storm of more litigation for him to spend his days and nights forestalling.
Recall that the Spencers have worked very hard for several years to fence off Wallace from their lives and business.
Wallace is a bonafide predator due to having initiated 8-10 suits against GOSY in the last 3-5 years.
Wallace fought the MUTUAL Protection Order since he would have not been able to continue his deliberate infliction of emotional anguish on the Spencers. Clearly Wallace is a true sociopath and is obsessed with having what he sees as "willing victims."
He does not want to settle because then he would get no "juicy" high from his deliberate infliction of emotional pain on them.
He would lose that which is most important to him, the "creation of a willing victim."
So the instant GOSY pops, Wallace starts a new career that will still be GOSY centric, but with him having chosen to be persecuted and pursued by the Spencers as he has them for several years now.
The Spencers want to be rid of Wallace.
That's why they secured the MUTUALLY BINDING GA Temporary Protection Order (which he violated over 400 times in the 30 day period) and the GA Permanent Protection Order was denied due to jurisdiction.
It was NOT denied due to lack of compelling evidence.
The TPO was mutual and the Spencers never violated it. Wallace fought the PPO, why is that?
HE IS GUILTY OF CYBER STALKING THE SPENCERS.
Yes, Wallace's WORST NIGHTMARE is for GOSY to pop.
BTW, the foregoing is all documented at:
http://www.geckosystems.com/W_W_W
mo-
Mech
So Wallace's wife left him due to GOSY?
So Wallace is more concerned...
...with MONEY than doing PRISON time and his wife left him because of that?
Correct?
Like I said, and is documented here:
http://www.geckosystems.com/W_W_W
Wallace truly believes the legal system is simply there to provide him "willing victims."
Correct?
Wow, wonder if the Sheriff will hit his siren briefly to bring Wallace out of his home in that fancy gated community?
Bet the neighbors will be video'ing Wallace's perp walk to upload on YouTube since his wife has left him due to his obsession with Mrs. Spencer, or is it Ms. Nelson he is obsessed with?
Will it go viral?
mo-
Mech
So Wallace's wife left him due to GOSY?
Because "flyash" Wallace refused to acknowledge that his obsession with GOSY and the Spencers was aberrant?
Or did she leave him because after going through a full psych exam and being put on meds, he then refused to take his meds due to his love of the "juice" in stalking the Spencers?
What is your opinion as to why Wallace's wife got sick of his constant trolling for the Spencers and left him?
She knew he needs daily medication, but since he refused, she left him due to his obsession with Spencer and GOSY?
Is Wallace now obsessed with Paula Nelson because his wife left him due to his stalking of her and the Spencers?
This was told to me by those known to me that have no reason to lie to me.
mo-
Mech
AI, like gosy's, is very 21st century-
those longing for long ago simpler days no doubt simply cannot believe that personal companion robots, like the carebot, could possibly enable grandma to stay out of a smelly, bankrupt nursing home.
one civilizations tech is the old generations' "magic," and hee haw that any "new" tech is not needed or possible or the inventor is insane or no one can afford it or something else will work just as good.
they might as well be hee hawing that microwave ovens halt pacemakers when they insist that gosy's breakthrough tech is no good and just a front for a "pump."
AI like gosy's is just way too advanced for most folks to believe such is possible.
sort of like, "if man was meant to fly, God would have given man wings." we need this new home appliance so we can take better care of our families. refrigerators, electric stoves, microwaves, etc. are all wonderful time and labor saving home appliances.
that is why Bill Gates insists "A Robot in Every Home" in his SciAm article several years ago!
not mo,
his!
Mech
Spencer has done a great job on making their stock issuance and share structure transparent for their 1300+ shareholders!
This discussion,
http://www.geckosystems.com/W_W_W/Analysis_of_Share_Structure.pdf is really excellent!
Spencer and his team have prepared a very factual discussion with correct algebra, too, I might add-
mo-
Mech
Financial compliance reasons why GOSY is undervalued:
1. Compliance with Federal Accounting Standards Board's (FASB, http://www.fasb.org/ ) Generally Accepted Accounting Principles (GAAP) distorts the true economic condition and performance of the company.
This is due to the requirement to expense 100% of all R&D in the year incurred. Hence a complete writeoff of all R&D expenditures, regardless of present and/or future value to ZERO. This required compliance with GAAP forces the Development Stage company to place no assets on their Balance Sheet on the proprietary Intellectual Properties (IP) regardless of the level of probability of future revenues from their R&D activities.
2. Federal and state tax laws also distort the true economic condition and performance of GOSY.
This is due to the requirement to prepare financials in accordance with FASB 's GAAP for tax filings. This required compliance with GAAP forces GOSY as a Development Stage company to place no assets on their Balance Sheet on the proprietary Intellectual Properties (IP) regardless of the level of probability of future revenues from their R&D activities.
3. European Unon (EU) accounting standards, if applied to GOSY's financials, would portray the true economic condition and performance of the company much more realistically.
This is due to the requirement to expense only 50% (not 100%) of all R&D in the year incurred. Hence since not a 100% writeoff, 50% is carried as assets on the balance sheet. This fairly reflects the net worth of a Development Stage company from the EU perspective. The EU requires only a 50% writeoff of all R&D expenditures. This simple accounting change would dramatically flip GOSY's net worth and stockholder equity deep into positive territory.
This required compliance with GAAP forces GOSY --as a Development Stage company-- to place no assets on their Balance Sheet on the proprietary Intellectual Properties (IP) regardless of the level of probability of future revenues from their R&D activities.
4. Ignoring discounted cash flow (DCF) analyses of GOSY's financial pro formas lowers the net present value (NPV) of future net profits of GOSY regardless of hurdle rate (minimum ROI) determined as sufficient for the level of risk.
Ignoring increased stockholder dividends due to significant tax loss carry forwards (which reduces taxes due for several years and hence increases the aftertax income available for distribution as stock dividends to stockholders) distorts by lowering the net present value (NPV) of future dividend payments to GOSY stockholders regardless of hurdle rate used.
The long and short of it all?
GOSY's $8,000,000 in expenditures the last 15 years does not show up on the Balance Sheet due to compliance with GAAP.
NOT because GOSY's IP has little or no value.
That reality definitely undervalues GOSY's IP!
mo-
Mech
geckochat is really extraordinary...
...it is a verbal interface for the carebot and a great upgrade for the safepath wheelchair.
it is true AI with natural language processing (NLP) using forward chaining if/then/else written in a mature AI language, prolog.
the microphone "array" is super cool, too. it improves the signal to noise dramatically and enables the voice recognition software to recognize words such that the NLP of AI engine can reliably "recognize" predetermined phrases and/or words.
the family gets to customize this interface and tailor it exactly for the needs and benefits of their beloved family member.
so the voice synthesis must be clear and loud enough to be readily heard and understood by the carereceiver.
wow!
not a simple system. less complex than the safepath tech, but...
and then there is geckoscheduler...
wonder when ZMP is going to evaluate the full blown boogie? a carebot?
prototypes tend to be delicate. shipping could be a problem-
in conclusion, geckochat is fundamental and I don't see verbal interaction, for monologues and/or dialogues, on anyone else's personal companion robot.
gosy has much, much more than safepath to license-
I agree with Spencer, I think licensing revenues will easily precede product sales-
mo-
Mech
Thank you for the L2, BR-
that block of NITE's at .0016 is a "feint" and not real- no one person could have that size block since they would be over 5% and then can only sell 1% per 90 days per Rule 144....
since GOSY has 1300+ shareholders is why I have that opinion- Only the Spencers have beneficial owner size holdings...
NITE is playing silly games, of course!
mo-
Mech
A very significant reason to purchase a Carebot!
nursing homes are a two edged sword-
on one hand they are very expensive.
"slums" are $3.5-4K per month
national average is $4.5K per month
the economics are so bad that 50% of all nursing homes in FL are in bankruptcy-
now for the sharper edge of the sword-
there is a huge emotional trauma to the beloved parents that sends them into depression and they die in 1-2 years!
whereas, staying in their own home of 20-30+ years, they may live another 5-10 years!
so what does the family, adult children, want?
to keep their beloved parent as safe and comfortable such that their twilight years can be as good as they can be-
hence the extraordinary means of keeping grandma at home as long as possible.
I do not see the carebot eliminating nursing homes, but putting off that loss of independence as long as is possible-
those that have had direct eldercare responsibility understand the foregoing very, very well!
so tech is great from GOSY to put "family first"
mo-
Mech
GOSY up 30% today!
The $8M spent over 15+ years resulted in all of GOSY's tech. Look here, for example: http://geckosystems.com/investors/tech_faq.php
The $22K in revenues is discussed here on their website:
NOT!
Spencer has done a great job on making their stock issuance and share structure transparent for their 1300+ shareholders!
This discussion,
http://www.geckosystems.com/W_W_W/Analysis_of_Share_Structure.pdf is really excellent!
Spencer and his team have prepared a very factual discussion with correct algebra, too, I might add-
mo-
Mech
geckochat is really extraordinary...
...it is a verbal interface for the carebot and a great upgrade for the safepath wheelchair.
it is true AI with natural language processing (NLP) using forward chaining if/then/else written in a mature AI language, prolog.
the microphone "array" is super cool, too. it improves the signal to noise dramatically and enables the voice recognition software to recognize words such that the NLP of AI engine can reliably "recognize" predetermined phrases and/or words.
the family gets to customize this interface and tailor it exactly for the needs and benefits of their beloved family member.
so the voice synthesis must be clear and loud enough to be readily heard and understood by the carereceiver.
wow!
not a simple system. less complex than the safepath tech, but...
and then there is geckoscheduler...
wonder when ZMP is going to evaluate the full blown boogie? a carebot?
prototypes tend to be delicate. shipping could be a problem-
in conclusion, geckochat is fundamental and I don't see verbal interaction, for monologues and/or dialogues, on anyone else's personal companion robot.
gosy has much, much more than safepath to license-
I agree with Spencer, I think licensing revenues will easily precede product sales-
mo-
Mech
NOT!
Financial compliance reasons why GOSY is undervalued:
1. Compliance with Federal Accounting Standards Board's (FASB, http://www.fasb.org/ ) Generally Accepted Accounting Principles (GAAP) distorts the true economic condition and performance of the company.
This is due to the requirement to expense 100% of all R&D in the year incurred. Hence a complete writeoff of all R&D expenditures, regardless of present and/or future value to ZERO. This required compliance with GAAP forces the Development Stage company to place no assets on their Balance Sheet on the proprietary Intellectual Properties (IP) regardless of the level of probability of future revenues from their R&D activities.
2. Federal and state tax laws also distort the true economic condition and performance of GOSY.
This is due to the requirement to prepare financials in accordance with FASB 's GAAP for tax filings. This required compliance with GAAP forces GOSY as a Development Stage company to place no assets on their Balance Sheet on the proprietary Intellectual Properties (IP) regardless of the level of probability of future revenues from their R&D activities.
3. European Unon (EU) accounting standards, if applied to GOSY's financials, would portray the true economic condition and performance of the company much more realistically.
This is due to the requirement to expense only 50% (not 100%) of all R&D in the year incurred. Hence since not a 100% writeoff, 50% is carried as assets on the balance sheet. This fairly reflects the net worth of a Development Stage company from the EU perspective. The EU requires only a 50% writeoff of all R&D expenditures. This simple accounting change would dramatically flip GOSY's net worth and stockholder equity deep into positive territory.
This required compliance with GAAP forces GOSY --as a Development Stage company-- to place no assets on their Balance Sheet on the proprietary Intellectual Properties (IP) regardless of the level of probability of future revenues from their R&D activities.
4. Ignoring discounted cash flow (DCF) analyses of GOSY's financial pro formas lowers the net present value (NPV) of future net profits of GOSY regardless of hurdle rate (minimum ROI) determined as sufficient for the level of risk.
Ignoring increased stockholder dividends due to significant tax loss carry forwards (which reduces taxes due for several years and hence increases the aftertax income available for distribution as stock dividends to stockholders) distorts by lowering the net present value (NPV) of future dividend payments to GOSY stockholders regardless of hurdle rate used.
The long and short of it all?
GOSY's $8,000,000 in expenditures the last 15 years does not show up on the Balance Sheet due to compliance with GAAP.
NOT because GOSY's IP has little or no value.
That reality definitely undervalues GOSY's IP!
mo-
Mech
Legend removal is not an issue here. Wallace is using legend removal, or not, as a Red Herring to deflect from where his position is WRONG.
Rule 144 also stipulates how many shares of a beneficial owner can be sold in a 90 day period. Rule 144 states that any holder of more than 5% is a beneficial owner. Rule 144 also states that a beneficial owner may not sell more than 1% of the total issued and outstanding in any 90 day period.
Obviously Wallace either (A) has chosen to not do the algebra, or (B) can't do the algebra.
Hence, even given SEC approval of the sale per Rule 144, only 4-5 million could possibly be sold per 90 days.
So at only .001 pps, and 5,000,000 per quarter, Wallace will need 9-12 months at the present pps to pay the $17K owed his parents since Rule 144 prevents him, or anyone else, from damaging GOSY's shareholders by "dumping." So why does Wallace work so hard to push GOSY's pps down if he "only wants to get paid?" If GOSY were at .01 pps, 2,000,000 shares would gross his father $20,000 and that could be done in ONE quarter. How's that for dysfunctional reasoning? Totally irrational, imho-
Wallace really is obsessed with the Spencers. It's not about money, it's about Wallace's sick obsession with the Spencers.
Aw Snap?
BTW, I am RIGHT!
Here's my URL confirming:
http://geckosystems.com/W_W_W/Appelants_Reply_Brief.pdf
Sometimes words are not enough...
mo-
Mech
the Japanese witnessed this public, unstaged demo, too:
http://geckosystems.com/timeline/?year=2011&video=GeckoSystemsMultiVideo.mov
this was done at the Atlanta marriott?
for visiting Japanese businessmen?
wasn't this demo arranged by Hajime Yasumatsu?
great demo and great work!
BTW, aren't demo videos always "staged?" I mean you have to have a video camera "staged" and "ready."
besides, who wants to see elderly grandma first thing in the morning on a live streaming video? not only an invasion of privacy, but what loving adult children would allow such invasion of their mother's privacy?
gosy has great proprietary tech and HUGE markets!
especially in family care!
mo-
Mech
Rule 144 ALWAYS applies.
Wallace is getting an VERY expensive and PUBLIC education here.
One may find some personal DD insightful.
I did.
Ask an SEC attorney that understands Rule 144, instead of avoiding its mention or reference in any manner whatsoever.
I am right.
Even GOSY's attorney agrees:
http://geckosystems.com/W_W_W/Notice_of_Appeal-stocksale.pdf
http://geckosystems.com/W_W_W/Brief_for_appeal_of_stock_sale.pdf
And NOW THIS:
http://www.geckosystems.com/W_W_W/Appelants_Reply_Brief.pdf
Mech
Sooooooooooooooooooo........................... I am R I G H T!
NONE of Spencer's stock will be sold...
...by Neil Wallace, his parents, the "sheriff," or anyone else.
The IRREFUTABLE reasons why it CANNOT happen are:
1. The proposed sale VIOLATES Federal securities laws, specifically Rule 144 which governs the sale of all restricted stock, REGARDLESS of WHO is doing the selling or the circumstances.
Further, Rule 144 REQUIRES that ONLY FINRA/SEC brokers execute ANY and ALL sales.
So the sheriff does not have to comply with Rule 144?
SURE, they do!
BECAUSE:
2. Federal law ALWAYS trumps state law.
Whenever state law conflicts with Federal law, FEDERAL ALWAYS prevails and precludes enforcement of any and all state laws that conflict with Federal laws.
3. GOSY's DE attorney has demonstrated competence MANY times.
Wallace has NEVER collected ANYTHING in the 5 years of his FAILED attempts to collect monies from GOSY and/or the Spencers NOT legitimately earned by him or allegedly due his parents.
Therefore, NONE of Spencer's stock CAN be sold by Neil Wallace, his parents, the "sheriff," or anyone else.
In conclusion, the Spencers will NOT be losing majority control of GOSY since their 51% ownership is in preferred GOSY shares is NOT at risk in ANY manner, or have ANY of their common stock holdings sold, either.
Wallace has chosen to not make public the so called opinion letter he hee haws about being the "end all" solution supporting his position. Of course he won't since his position is INDEFENSIBLE.
Wallace is still sooooooooooooooooooooooooooo confused!
1. He doesnt' understand that FIVE witnesses are more CREDIBLE than ONE.
2. He doesn't understand his fathers' fifa is against Spencer personally, not the corporation.
3. He doesn't understand that Federal laws and regulations TRUMP State laws and regulations. And then whines like a spoiled 12 year school boy that no one will tell pitiful him why he is sooooooooooooooooooooooooo confused.
4. He is in complete denial of the pain he endures from his traumatic childhood and that is why he is obsessed with creating "willing victims" such as the Spencers and GOSY.
5. He believes that his great skill at deceit, prevarication and obfuscation will win the day for him.
NOT!
So, once again, words fail me.................. ta ta, #15 for the day!
So you disagree with this:
What about ZMP in Japan?
They are a first tier mobile robot house-
So you agree the next step for GOSY is to raise $250,000 so they can do BETA trials?
Blame Wallace for that not happening, yet.....
Hasn't GOSY been saying that BETA trials, not just more alpha, are the next step for 1-2 years now?
Beta testing follows, and may be intertwined with alpha trials is why I ask.
At least that is typical from what I know-
Don't you agree?
mo-
Mech