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I've never seen a OTCBB that looked as good as this one because: it really doesn't quality now as a OTCBB stock because of the sales and assets. Plus the fact that there was a audit adds validity to the deal, plus the filing with the SEC, plus the fact if there was false information (which I don't believe there is) the management could go to jail. I say this because it's ALMOST to good to be true. I'm assuming there are no hidden surprises
13% institutional ownership: http://moneycentral.msn.com/ownership?Symbol=gtec
Have to admit: I'm dumb here, but I'll bet they have to do reverse to make the new company, legally.
It seems that we have a fully reporting company with audited assets, can be listed on an exchange, which is conservatively worth about 1.00, trading at .29. What am I missing?
The thing is, correct me if I'm wrong; the new GTEC has enough assets to be listed on NASDAQ or AMEX. Don't you agree? And isn't most of the 300M shares that GTEC will have to issue be restricted?
High divivend and buying back shares: http://finance.yahoo.com/q?s=FSP
With 75M in revs plus the assets of GTEC, this company is comparable with AOB: http://finance.yahoo.com/q/is?s=AOB&annual
It's hard to beleive this won't go up.
LJPC ....pretty sure they will no problem listing on a exchange with 75M in sales, that's why they merged with GTEC. Hard to see this stock not going up, just a matter of time.
I guess my broker is wrong because it says "Insiders Sales"
They won't let retail short OTCBB or pinks because they don't want the competition. 98% of the sucker sheets I get in the mail are much lower 6 - 12 months after the mailing.
OTCBB is for trading, not investing. If you try to invest, you will lose most of the time.
More Insider sales:
September 17, 2007 Jordon, David L
Other Planned Sale -- $9.1K 533,333.00 -- - --
September 13, 2007 Zelin, Barry W
Other Planned Sale -- $8.5K 533,333.00 -- - -- --
Important study just in today 8/23/07. Jones is Pure Cane Sugar Soda. Stock Boost? Seems that Jones Soda is healthier soda than the big boys.
Soda Warning? High-fructose Corn Syrup Linked To Diabetes, New Study Suggests
http://www.sciencedaily.com/releases/200...
That's great, I didn't check the latest filing because I don't hold a position here. So things have improved and I'm happy to see that for the current shareholders.
I'm staying away from OTCBB and going with NASD/Listed.
Cold hard FACTS are liabilities exceed assets by a large percent, and little money and no big news. This thing ran up on pure speculation and low float. Just trying to be realistic. Hey, Seawright made me a lot of money by not holding the stock.
Check out HIX, as it has been recommended on NBR, the last two years.
Liabilities exceed assets, plus they don't have much money or sales.
http://app.quotemedia.com/quotetools/showFiling.go?name=SEAWRIGHT%20HOLDINGS%20INC:%2010QSB,%20Sub-D....
Total assets $ 2,725,975
LIABILITIES AND (DEFICIENCY IN) STOCKHOLDERS' EQUITY
Current liabilities:
Cash disbursed in excess of available funds $ 24,091
Accounts payable and accrued liabilities 391,289
Due to related party (Note H) 154,988
Notes payable - current portion (Note C) 1,502,370
Total current liabilities 2,072,738
Convertible notes payable, net of debt discount (Note D) 1,218,044
Notes payable - less current portion (Note C) 518,021
Other long-term liabilities 35,141
Total liabilities 3,843,944
Only 20M in sales, NOT profitable and they want to increase the OS to a BILLION.
In one of their filing they state that, there is 4.4 million as of August 2007 left that the PP CAN sell. I'd stay away UNLESS a PR of BIG contracts.
Well put. I got the pump mailer last spring and came out about 8000.00 ahead. But it was a enormous gamble. I'm going to stay away from OTCBB. I just couldn't beleive they only had 500.00 in sales, so it was trading on pure speculation of big water contracts. 98% of the junk I get in the mail is much lower within a year. I just wish I could short the OTCBB/Pink. That's where the money is.
NMKT.OB profitable 100M company, cannot get respect on the OTCBB.
What crushed the stock?: was probably the private placement for 5M shares. APIO got 1.00 and the PP holder sold a bunch:
http://app.quotemedia.com/quotetools/showFiling.go?name=API%20Nanotronics%20Corp.:%20S-3/A,%20Sub-Do....
Armen Investments LLC4
116 NW 4th Avenue
Boca Raton, FL 33432
2,940,000 4.31 % 2,500,000 440,000 .64 %
James H. Batmasian
215 North Federal Hwy, Ste. #1
Boca Raton, FL 33432
3,030,000 4.44 % 2,500,000 530,000 .78 %
--------------------------------------------------------------------------------
1
Armen Investments LLC is wholly-owned by Armen Batmasian.
2
To our knowledge and except as otherwise set forth herein, the Selling Shareholders have sole voting and investment power with respect to all common stock shown as beneficially owned by them, subject to community property laws where applicable. Except as otherwise set forth herein, the table includes shares of common stock that the Selling Shareholders have the right to acquire pursuant to the exercise of warrants and options exercisable within 60 days.
3
Percentage ownership is based on 68,260,732 shares of common stock outstanding as of January 25, 2007 and, except as otherwise set forth herein, in each case assumes exercise of warrants and options.
4
Armen Batmasian has sole voting and investment power with respect to the securities owned by Armen Investments LLC.
With the company having almost nothing in sales, I wonder if the stock is worth anything unless some big news comes, soon.
Street is paranoid that the weak housing sector is going to spread into the commercial realty also.
Insiders are under water:
July 25, 2007 Dezwirek, Jason Louis
Directors Purchase -- $104.5K 71,929.00 $1.45 - 1.46 71,929.00
July 25, 2007 Dezwirek, Phillip
Officers Purchase -- $95.4K 65,000.00 $1.45 - 1.50 65,000.00
Pretty common on the OTCBB.
http://investorshub.advfn.com/boards/read_msg.asp?message_id=18470003
Was 2.20, look now. Another pump and dump.
It was incredible to me that this thing was trading over .50 when they had only 500.00 in sales.
I don't know either, but I bet it all true or they would be open to legal problems for wrong information.
It's under one of the major discount brokerage firms under research. You have to have a account to access this info.
There are a lot of insider sales that don't show up on the free websites.
More insiders sales: (My brokerage account classifies them as INSIDERS, or whatever you want to call them, the affect is the same, more stock, lower price}
September 10, 2007 Chassman, Margie
Other Planned Sale -- $145.0K 10,000,000.00 -- - --
Scotty.....count down to RS.... 007, 006. 005,
And.....more insiders selling, sub penny coming:
August 6, 2007 Stern, Adam K
Other Planned Sale -- $7.4K 433,333.00 -- - -- --
August 4, 2007 Lamb, David O
Other Planned Sale -- $3.5K 200,000.00
Let's see, what did the P&D flyer say APIO was going to in a year, 30.00, no 40.00.
Guess what?.......More insiders selling:
July 20, 2007 Polak, Anthony G
Other Planned Sale -- $33.3K 1,666,670.00
I've seen them go as low as .0001, then they are forced to do a RS because it's too difficult to trade.
Good question: Here's the answer:
To learn how pink sheet scams are run to stay away from them. How else can you learn about stocks and different markets except by following them.
Pink sheets is one of few places you can commit legal fraud.
And for the person who posted about "investing" in a pink, don't do it, it's almost a sure way to lose money.
Bill O'Neil founder of Investor's Business Daily would always say: NEVER, NEVER, average down, average up.
I still cannot beleive that the SEC allows pink sheeters to trade to the general public. As I said many times, there is pretty much NO ACCOUNTABILITY to anyone.
They should only be allowed to trade to accredited investors only.
I cannot beleive that people would average down on a pink sheet sub .10 stock . And someone put 60,000 or something in this thing, unbeleivable.