Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
The JV is to faciliate the Company to start operation without ownership in the Company but only with a % of the return. The Company can't use this money to buy back shares. After the Company is able to generate its own cash, they can buy back shares.
Look at XOM, out of 10B shares, they have 5B bought back. It is hard to start.
I know that the number of shares us unreasonably big, but if we look at any energy company (XOM, CVX, others), they all had so many shares outstanding and they bought back 1/2 of them. IMHO, energy companies works this way.
It is Janco partners. The Company had been trying to raise $100M for projects. Janco partners were the investment banker. IMO, once these 6 sites are running, it will be much easier to raise the $100M. They said that these are existing projects. I did call Janco partners when the PR was out and they said they are helping to raise up to $100M.
IMHO, if these 6 sites are up and start running, GDTK will boom.
I expect the news is only about the FS.
All,
What do you think, once the Company started operating these locations?
IMHO, this what I personally think. I know that the Company's technology is similar to GE but it is better that it uses lower heat. It might be a potential for GE to buy them. Also, once they started operation, there are lots of potential everywhere in the world. Think of the 3rd world countries and their need for alternative energy and cleaner environment. To have projects there is not that easy, but might look for other JVs. Also, having these projects running will make GDTK in China conference incredible investment for Chinese companies, there may be a big buy out.
The above, assumig good faith from mgt. I think they have been working hard to get something done and they did, we should support them not put them down. I understand the history and the effect on everyone, but you can always look forward.
What time BO will be on Money TV tomorrow? TIA
GLTA
You are very welcome. If you are close there, is it possible to try to check the relocation progress? TIA
To the Dixon location, where RTR was operating.
Anyway, here is all the filings.
http://www.otcmarkets.com/stock/FGBF/financials
All,
I went there and I saw the machines myself and talked with the CTO. The machines are real.
Also, we can all wait and see if the financial came out this month or early next month, then he is not lying. Give them some benefit of the doubt.
Everyday, it is up after market. Does anyone know what is this signaling? TIA
36 close, great. Hope it will break it soon and will move further up, especially, hopefully the NI reports will be out this week.
I do not know this rule. L2 is not showing the holding but the sales force, correct me if I am wrong.
Does the L2 shows all the ask? Does it mean that if about $13K were invested, there will move the PPS to 2?
I wonder why the ask volume is very high since the news?
http://www.otcmarkets.com/stock/GDTK/quote
I agree with you, PTLIAMHIS.
Given the benefit of the doubt, the Company's management has been trying to do somehting for so long and finally they did it. That means they are serious and trying to get this to work. Since they got the funds, and they are serious, they will work on getting the FS out and start working on the projects. Hopefully, they are organized and have a timeline plan to get this into operation.
Also, when the FS is out, the number of outstanding shares won't increase, but the number of available shares. Unless the convertible instruments are converted, O/S will be the same. A good sign of conversion, that investors are interested to hold the Company's shares.
I think the only news that will get this to move is the NI reports. I hope they get them out this week.
Note the bid and ask volume. good sign.
I think they are greedier than that, which is also making it no sense for them to do the RS, unless they will do equity financing, which I doubt for now.
In regards to the uplisting, they are pink sheet, they can go for otc without rs, once they have certain revenue balances, they can do the uplisting to real market with an RS to get the stock to a certain value as required by this market. I do not know the exact figures. Also, no one can tell how much can go up or down at any time with the RS or without. I had a company that went significantly up after the RS and stayed up for a while but for the Japan disaster it went down but still within the value before the RS.
I think they are greedier than that, which is also making it no sense for them to do the RS, unless they will do equity financing, which I doubt for now.
In regards to the uplisting, they are pink sheet, they can go for otc without rs, once they have certain revenue balances, they can do the uplisting to real market with an RS to get the stock to a certain value as required by this market. I do not know the exact figures. Also, no one can tell how much can go up or down at any time with the RS or without. I had a company that went significantly up after the RS and stayed up for a while but for the Japan disaster it went down but still within the value before the RS.
If they did the RS now, that will destroy the stock and will go back to the current price regardless of the RS ratio. I hope they are smart enough to do this after they start operations in a plan for uplisting.
I think, it is a great idea to lock him up. Let's plan for it.
I was thinking of the same but I am holding to my shares as I feel I have enough shares and actually do not have any more cash.
I think so. It looks like they are testing the water to determine additional joint efforts to get more finance and to get Steir be their distributor in Europe.
That's way better.
GDTK cap = $2M. Generating net 750K/year, that's more than great. The Company to cover its equity value in 2-3 yrs. Also, the Company was private company for 5 years operating 1 project and no need for any finance, so it is not expected to need any additional finance.
I think, it is $3M/year.
IMHO, I know that this technology is needed world wide. Energy/waste is a problem in every country even the most developed ones. The technology is pretty new and will have lots of potential once it is a little bit up.
I can't make sense of the trading of the Company. Can anyone explain the very very thin volume, if any? Given the level 2 of very limited ask and lots of bid (@ low value)
Thanks
All, try to give them the benefit of the doubt.
I understand that the Company's history sucks, Al history is worse. But at least this time, they have been trying very hard to get something up and running, I think after all this hard work, they will get this to work not only to scam us. At least the new RTR, it was a private company and Ralf wants to get it running not like others.
It looks that they have been working very hard to get a financing deal, finally, they got one. Once, they have the money, they can get start constructing the projects. Once, projects started with this technology, it will open new doors and no one knows where it can head.
All, IMHO.
GLTA
Did anyone listened to the earnings news? What do you think about it?
I did not get a chance to do so.
I did not ask about all these items. They are focusing on getting the financials out then clearing their financial position and to start operations, paying off debts and similar issues. So they might think about the RS after having the financial out.
Assume nothing happened so far and they will start now, based on the previous PR, it takes 4 months to relocate. Count 4 months from now for the relocation.
Btw, I called them and they called me back. I think that is a very good sign, as they never called back.
All, Just talked to Al Reda,
The new company is just to creat the JV. GDTK is taking 25% of the US contracts until principal payment then 50%.
In regards to the shares, there are 40B authorized, the Company authorized more shares to cover the convertible debts. (No forward split).
GLTA.
I never get a reply on emailing them. I usually keep calling them until they answer. I am very tight in time with my work to keep calling them these days.
Bhapa, Good to see you here.
No financial, as we talked before, they might not have money to pay the auditors; so no audit work and no financial. Now, they might have and FS will be out.
$3M is good a total $2M company.
I do not understand the part of the new company. Is it a totally separated company, is it a change in name or what is going on? Does anyone figured this out?
The thing is that this is a very good investment. If someone has $1M + and put them in this company, it will generate, based on the given balances, $0.75M/year net plus the increase in the stock value, while enjoying his sweet time. What a deal!!! I wish I have this money.
I do not understand why would the Company do a forward split but this what the people are claiming that there is 40B authorized shares based on a forward split done but not filed yet which is not possible. I tried to give all the possibilities (forward split or additional authorization) and their effect.
Yes, if there is a forward split 2:1, then we will get double the amount of shares we hold. Given the stock at the lowest value, so our value is doubled.
If the Company changed its name that has nothing to do with the stock, it is a state filing and just indication in the financial statement.
Having 40B shares,
If the Company did a forward split, that means our value is going to be doubled wihout any trading.
If the Company authorized more shares, I think this is to cover the preferred stock and generate more liquidity for the time being, and it will be indication that they are planning to pay-off the convertible debt which will generate a $4M in income.
Does anyone have other thoughts?
I am expecting payment of the convertible debt and a generation of $3.9M in income for the elmination of the convertible feature.
I think, once some sites are up with these contracts, giant energy companies will be looking for it and a buy out may be a possibility.
NI report
I just talked to the investor relations earlier today and they said that as of the last update they are expecting the reports to be out in 7-10 days.
GLTA
In fact, I like the volume accumulation. I might be wrong but it looks to me that no MM manipulation and it appears that shareholders are holding their shares and not selling them. It looks for new investors to get the pps to move.
Company has good technology, they utilize trash to generate low heat and use the heat to generate electricity, it has existing contracts but no liquidity. No financial statements.
Company was in dark for very long, changed its name over years, several RS.
Finally, they got real financing deal and will be able to execute their projects and complete their audits. Hopefully, it will regain investors confidence to generate volume and get a bid.
We are # 20 in the hot board. If it moved up to the top 5, this means it got investors attention.
I am not sure if it is in a stock exchange, but I went to their website and noticed their PR. Yesterday, someone posted it here.
Changing the name has no effect on anything. Company has to authorize the RS to happen, this has nothing to do with the name.
Yes, all the thanks to God.