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GOSY SEEKS WALLACE & MACLEOD ARRESTS...
Here's yet another reason why: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=75094135
Still can't connect the dots.
Don't you agree?CL01000646-00 Defendant: COMBUSTION PRODUCTS MANAGE. Plaintiff: I.E.T. LLC Purged After 3 Years
CL02001468-00 Defendant: COMBUSTION PRODUCTS MANAGEMENT Plaintiff: I E T, LLC Active
CL02001469-00 Defendant: COMBUSTION PRODUCTS MANAGEMENT Plaintiff: I E T; LLC Active
CL12000475-00 Defendant: COMBUSTION PRODUCTS MANAGEMENT Plaintiff: FENTRESS FAMILIES TRUST Active
CL12000476-00 Defendant: COMBUSTION PRODUCTS MGMT VA LLC Plaintiff: SEARS, DARRYL Active
CL01000598-00 Defendant: COMBUSTION PRODUCTS MGMT INC Plaintiff: I.E.T. LLC Default Judgment
CL09000710-00 Defendant: COMBUSTION PRODUCTS MGMT INC Plaintiff: FENTRESS FAMILIES TRUST Active
CL09001914-00 Defendant: COMBUSTION PRODUCTS MGMT INC Plaintiff: SEARS, DARRYL Active
CL12000476-00 Defendant: COMBUSTION PRODUCTS MGMT INC Plaintiff: SEARS, DARRYL Active
Civil Case Details
Case Information
Case Number : GV11004807-00 File Date : 12/02/2011
Case Type : Warrant In Debt Debt Type :
Plaintiff Information
Name DBA/TA Address Judgment Attorney
FIA CARD SERVICES NA NORFOLK, VA 23514 Plaintiff GLASSER
Defendant Information
Name DBA/TA Address Judgment Attorney
WALLACE, NEIL T WILLIAMSBURG, VA 23188 Plaintiff
Hearing Information
Date Time Result Hearing Type Courtroom
12/19/2011 01:30 PM Continued
02/13/2012 01:30 PM Default Judgment
Service/Process
Reports
Judgment Information
Judgment : Plaintiff Costs : $56.00 Attorney Fees :
Principal Amount : $5,453.63 Other Amount : Interest Award :
Possession : Writ Issued Date : Homestead Exemption Waived :
Is Judgment Satisfied : Date Satisfaction Filed : Other Awarded :
Further Case Information :
41. MacLeod, individually and, upon information and belief, with Neil T. Wallace
(with who he allegedly shares an address in Virginia and have both filed similar suits, at the
same time, against defendants) have engaged in a concerted malicious and defamatory attack on
defendants, (redacted)
42. MacLeod has posted over 700 separate disparaging, defamatory, negative
utterances about Geckosystems and defendant R. Martin Spencer, in particular about the
company’s technology and Spencer personally.
44. The negative and defamatory comments by MacLeod have caused the loss of
capitalization of the company of approximately 62%, resulting in the loss of millions of dollars.
Spencer’s stock holdings alone have sustained a loss of millions of dollars due to the postings by
MacLeod and Wallace.
45. MacLeod’s defamatory attacks are false and have injured the reputation of
Spencer and Geckosystems as detailed in paragraph 44 above.
46. The postings by MacLeod and Wallace were done in concert with each other and
with the specific intent to harm and ultimately destroy Geckosystems and Spencer.
47. The postings by MacLeod and Wallace caused one major investor to dump his
stock, further harming Geckosystems and Spencer.
48. By virtue of the postings on the internet, the defamatory statements were
published by MacLeod and Wallace.
49. The postings by MacLeod and Wallace have caused third parties to stop dealing
with Geckosystems and Spencer.
50. The postings by MacLeod and Wallace have lowered the defendants standing,
goodwill, confidence and esteem in the business community.
II. TORTIOUS INTERFERENCE WITH BUSINESS
51. The defendant re-alleges and incorporates by reference the information contained
in paragraphs 1-50 above.
52. MacLeod, in concert with Wallace has tortiously interfered with the business of
the defendants by:
a. defamatory postings on various websites, denying defendants the
reasonable probability of business opportunities;
b. intentional defamatory postings on various websites, interfering with
business opportunities available to the defendants;
53. As a result of the conduct of MacLeod, and Wallace, they have proximately
caused losses to the defendants.
54. The damage inflicted by MacLeod and Wallace onto the defendants is likely in
the millions of dollars.
WHEREFORE, the defendants seeks special, consequential, compensatory and punitive
damages against the plaintiff, along with attorney’s fees, costs, pre and post judgment interest
and any other relief that the Court deems just and appropriate.
Rumors are swirling that Macleod and Wallace will be meeting soon to develop a business plan for GOSY after Spencer is extradited to VA. Since it's likely Spencer will be found to not be mentally competent to stand trial, he should be institutionalize to receive the treatment and medication he needs so badly. In order to protect the SHs, a real business plan will need to be ready to go at that point. IMO, of course. While marty will no doubt look to his part time secretary to run the business, I'm guessing SHs will demand a real CEO. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74687624
In the dark diseased mind of Neil Wallace harassment of GeckoSystems and those associated it is one of his few pleasures. Somehow it makes him feel important.
His delusional mind sees his default judgement as a great legal victory while ignoring the fact that he screwed up a simple garnishment.
Wallace actually believes the rules of legal ethics and due process don't apply to him, somehow he is "special".
Everyone who opposes him has to be "crazy".
Welcome to the Weird World of Wallace.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74680640
And if memory serves, "team" has been less than a dozen, "all" have been right out of college, and most worked for little or no pay,
with one being reported as the 3rd largest stockholder in the company, only to have 90% of his shares "taken back" when he left after several years as the senior technology employee for the company.
Meanwhile the team of promoters have indeed had "years of experience" and been well compensated in stock which they have sold into the float at every opportunity.
Once again the company demonstrates what it's really selling - $10k in (questionable) product sales and roughly $2 million in stock through "debt" and "services" give-aways in stock and by the size of the compensation it has paid to technical employees versus stock promoters and how quickly each group vested in its shares.
Looks like others --besides GOSY-- are standing up to Wallace's disreputable and UNETHICAL business practices:
Recall that Neil Tyler (Tyrone?) Wallace is president and majority stockholder in Combustion Products Management, Inc.
Don't you agree?CL01000646-00 Defendant: COMBUSTION PRODUCTS MANAGE. Plaintiff: I.E.T. LLC Purged After 3 Years
CL02001468-00 Defendant: COMBUSTION PRODUCTS MANAGEMENT Plaintiff: I E T, LLC Active
CL02001469-00 Defendant: COMBUSTION PRODUCTS MANAGEMENT Plaintiff: I E T; LLC Active
CL12000475-00 Defendant: COMBUSTION PRODUCTS MANAGEMENT Plaintiff: FENTRESS FAMILIES TRUST Active
CL12000476-00 Defendant: COMBUSTION PRODUCTS MGMT VA LLC Plaintiff: SEARS, DARRYL Active
CL01000598-00 Defendant: COMBUSTION PRODUCTS MGMT INC Plaintiff: I.E.T. LLC Default Judgment
CL09000710-00 Defendant: COMBUSTION PRODUCTS MGMT INC Plaintiff: FENTRESS FAMILIES TRUST Active
CL09001914-00 Defendant: COMBUSTION PRODUCTS MGMT INC Plaintiff: SEARS, DARRYL Active
CL12000476-00 Defendant: COMBUSTION PRODUCTS MGMT INC Plaintiff: SEARS, DARRYL Active
Civil Case Details
Case Information
Case Number : GV11004807-00 File Date : 12/02/2011
Case Type : Warrant In Debt Debt Type :
Plaintiff Information
Name DBA/TA Address Judgment Attorney
FIA CARD SERVICES NA NORFOLK, VA 23514 Plaintiff GLASSER
Defendant Information
Name DBA/TA Address Judgment Attorney
WALLACE, NEIL T WILLIAMSBURG, VA 23188 Plaintiff
Hearing Information
Date Time Result Hearing Type Courtroom
12/19/2011 01:30 PM Continued
02/13/2012 01:30 PM Default Judgment
Service/Process
Reports
Judgment Information
Judgment : Plaintiff Costs : $56.00 Attorney Fees :
Principal Amount : $5,453.63 Other Amount : Interest Award :
Possession : Writ Issued Date : Homestead Exemption Waived :
Is Judgment Satisfied : Date Satisfaction Filed : Other Awarded :
Further Case Information :
41. MacLeod, individually and, upon information and belief, with Neil T. Wallace
(with who he allegedly shares an address in Virginia and have both filed similar suits, at the
same time, against defendants) have engaged in a concerted malicious and defamatory attack on
defendants, (redacted)
42. MacLeod has posted over 700 separate disparaging, defamatory, negative
utterances about Geckosystems and defendant R. Martin Spencer, in particular about the
company’s technology and Spencer personally.
44. The negative and defamatory comments by MacLeod have caused the loss of
capitalization of the company of approximately 62%, resulting in the loss of millions of dollars.
Spencer’s stock holdings alone have sustained a loss of millions of dollars due to the postings by
MacLeod and Wallace.
45. MacLeod’s defamatory attacks are false and have injured the reputation of
Spencer and Geckosystems as detailed in paragraph 44 above.
46. The postings by MacLeod and Wallace were done in concert with each other and
with the specific intent to harm and ultimately destroy Geckosystems and Spencer.
47. The postings by MacLeod and Wallace caused one major investor to dump his
stock, further harming Geckosystems and Spencer.
48. By virtue of the postings on the internet, the defamatory statements were
published by MacLeod and Wallace.
49. The postings by MacLeod and Wallace have caused third parties to stop dealing
with Geckosystems and Spencer.
50. The postings by MacLeod and Wallace have lowered the defendants standing,
goodwill, confidence and esteem in the business community.
II. TORTIOUS INTERFERENCE WITH BUSINESS
51. The defendant re-alleges and incorporates by reference the information contained
in paragraphs 1-50 above.
52. MacLeod, in concert with Wallace has tortiously interfered with the business of
the defendants by:
a. defamatory postings on various websites, denying defendants the
reasonable probability of business opportunities;
b. intentional defamatory postings on various websites, interfering with
business opportunities available to the defendants;
53. As a result of the conduct of MacLeod, and Wallace, they have proximately
caused losses to the defendants.
54. The damage inflicted by MacLeod and Wallace onto the defendants is likely in
the millions of dollars.
WHEREFORE, the defendants seeks special, consequential, compensatory and punitive
damages against the plaintiff, along with attorney’s fees, costs, pre and post judgment interest
and any other relief that the Court deems just and appropriate.
Rumors are swirling that Macleod and Wallace will be meeting soon to develop a business plan for GOSY after Spencer is extradited to VA. Since it's likely Spencer will be found to not be mentally competent to stand trial, he should be institutionalize to receive the treatment and medication he needs so badly. In order to protect the SHs, a real business plan will need to be ready to go at that point. IMO, of course. While marty will no doubt look to his part time secretary to run the business, I'm guessing SHs will demand a real CEO. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74687624
In the dark diseased mind of Neil Wallace harassment of GeckoSystems and those associated it is one of his few pleasures. Somehow it makes him feel important.
His delusional mind sees his default judgement as a great legal victory while ignoring the fact that he screwed up a simple garnishment.
Wallace actually believes the rules of legal ethics and due process don't apply to him, somehow he is "special".
Everyone who opposes him has to be "crazy".
Welcome to the Weird World of Wallace.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74680640
And if memory serves, "team" has been less than a dozen, "all" have been right out of college, and most worked for little or no pay,
with one being reported as the 3rd largest stockholder in the company, only to have 90% of his shares "taken back" when he left after several years as the senior technology employee for the company.
Meanwhile the team of promoters have indeed had "years of experience" and been well compensated in stock which they have sold into the float at every opportunity.
Once again the company demonstrates what it's really selling - $10k in (questionable) product sales and roughly $2 million in stock through "debt" and "services" give-aways in stock and by the size of the compensation it has paid to technical employees versus stock promoters and how quickly each group vested in its shares.
GOSY SEEKS WALLACE & MACLEOD ARRESTS...
Here's yet another reason why: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74967775
I do hope Elaine is capable as a CEO if Martin gets arrested.
Why doesn't Martin answer to this allegation if it's not true?
Why can't R. Marty behave on the internet?
Welcome to spencerland.
Welcome to the Weird World of Wallace.
Wallace speaks out of both sides of his mouth depending on the circumstances. Here are some examples regarding the fly ash debacle:
Here Wallace says it is not harmful to breath:
"We didn't wear masks, we didn't wear protective clothing because there is not health hazard. Its my view, my belief that there is nothing hazardous here, there is no threat of contamination, I'm happy to drink the tap water."
http://www.wtkr.com/news/wtkr-coal-ash-builder,0,4969204.story
Now he is suing for $10 million because he did breath the fly ash and it supposedly caused his kidney cancer.
Going to be a very difficult case for his lawyer since Wallace has always defended fly ash as completely safe for humans and the environment. Presently Wallace's company has a contract to build 3 more golf courses using fly ash. Unbelievable!!
http://hamptonroads.com/2012/02/work-flyash-course-caused-cancer-lawsuit-alleges
Ignore the $25k in revenues and $8 million in losses over the last decade+
Ignore the shares given away to promoters and relatives, even though they exceed the number of shares in the float.
Ignore the many PRs and news "stories" that have all resulted in nothing over the past decade.
Ignore the arrest warrant for the company's CEO.
Ignore the recent paid promotions for the stock that caused the price to fall.
Ignore the fact that the company now owes $100k to 2 individuals who sued and won.
Ignore the fact that the senior robotics employee had most of his stock taken back when he left (or was terminated) last year, despite the filings showing him as a 5%+ owner.
Ignore the fact that the ceo (roger) and his wife (elaine) have been given majority control of the company - by roger.
Ignore the nearly $1 million in net liabilities on the company's balance sheet.
Focus on the activities (unrelated to GOSY) of 2 employees and their families, despite the fact that they haven't worked for the company for years.
Ignorance is bliss as they say, at least in spencerland.
Too funny.
In the dark diseased mind of Neil Wallace harassment of GeckoSystems and those associated it is one of his few pleasures. Somehow it makes him feel important.
His delusional mind sees his default judgement as a great legal victory while ignoring the fact that he screwed up a simple garnishment.
Wallace actually believes the rules of legal ethics and due process don't apply to him, somehow he is "special".
Everyone who opposes him has to be "crazy".
Welcome to the Weird World of Wallace.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74680640
41. MacLeod, individually and, upon information and belief, with Neil T. Wallace
(with who he allegedly shares an address in Virginia and have both filed similar suits, at the
same time, against defendants) have engaged in a concerted malicious and defamatory attack on
defendants, (redacted)
42. MacLeod has posted over 700 separate disparaging, defamatory, negative
utterances about Geckosystems and defendant R. Martin Spencer, in particular about the
company’s technology and Spencer personally.
44. The negative and defamatory comments by MacLeod have caused the loss of
capitalization of the company of approximately 62%, resulting in the loss of millions of dollars.
Spencer’s stock holdings alone have sustained a loss of millions of dollars due to the postings by
MacLeod and Wallace.
45. MacLeod’s defamatory attacks are false and have injured the reputation of
Spencer and Geckosystems as detailed in paragraph 44 above.
46. The postings by MacLeod and Wallace were done in concert with each other and
with the specific intent to harm and ultimately destroy Geckosystems and Spencer.
47. The postings by MacLeod and Wallace caused one major investor to dump his
stock, further harming Geckosystems and Spencer.
48. By virtue of the postings on the internet, the defamatory statements were
published by MacLeod and Wallace.
49. The postings by MacLeod and Wallace have caused third parties to stop dealing
with Geckosystems and Spencer.
50. The postings by MacLeod and Wallace have lowered the defendants standing,
goodwill, confidence and esteem in the business community.
II. TORTIOUS INTERFERENCE WITH BUSINESS
51. The defendant re-alleges and incorporates by reference the information contained
in paragraphs 1-50 above.
52. MacLeod, in concert with Wallace has tortiously interfered with the business of
the defendants by:
a. defamatory postings on various websites, denying defendants the
reasonable probability of business opportunities;
b. intentional defamatory postings on various websites, interfering with
business opportunities available to the defendants;
53. As a result of the conduct of MacLeod, and Wallace, they have proximately
caused losses to the defendants.
54. The damage inflicted by MacLeod and Wallace onto the defendants is likely in
the millions of dollars.
WHEREFORE, the defendants seeks special, consequential, compensatory and punitive
damages against the plaintiff, along with attorney’s fees, costs, pre and post judgment interest
and any other relief that the Court deems just and appropriate.
GeckoSystems Delivers "SafePath Enabled(tm)" Mobile Robot
BaseBot(tm) To Be Evaluated by Independent Third Party, ZMP
CONYERS, Ga., April 16, 2012 /PRNewswire via COMTEX/ -- GeckoSystems Intl. Corp. (Pink Sheets: GOSY) http://www.geckosystems.com/ -- announced today that they have shipped an advanced version of the BaseBot(tm) to its partner company, ZMP of Japan. GeckoSystems is a dynamic leader in the emerging mobile robotics industry, using proprietary software to revolutionize the development and usage of "Mobile Robot Solutions for Safety, Security and Service(tm)."
ZMP engineers will see the BaseBot demonstrate "loose crowd" level autonomy, autopilot seek, cognizant navigation, and reactive, proactive and contemplative avoidance behaviors. These are the functional benefits that enable emergent mobile robot behaviors such as errand running and patrolling. The navigation technology used is also the foundation of our CareBot(tm) and SafePath(tm) wheelchairs and upgrade kits.
ZMP is consulting with a major Japanese university that wishes to study the advantages of robotic wheelchairs for the disabled. ZMP is also working on the RoboCar which is specifically designed to negotiate narrow streets at pedestrian and bicycle-friendly speeds. Both GeckoSystems and ZMP recognize that there is an immediate market for these technologies and that GeckoSystems navigation will enhance their utility and value to the end user.
ZMP was founded in January 2001 in order to commercialize the results of the prestigious Kitano Symbiotic Systems Project, under the jurisdiction of Japan's MEXT. ZMP has a mandate to work closely with leading educational institutions and industries in Japan.
More information about ZMP:
http://www.geckosystems.com/partners/about_zmp.php
The BaseBot incorporates essential GeckoSystems technologies. Each component has an Artificial Intelligence (AI) function that enhances these capabilities. GeckoSuper, an AI software overlay that orchestrates these discreet systems, manages BaseBot systems. The result is a a fluid, integrated whole that has desirable benefits greater than the sum of its parts.
Detailed Information on the BaseBot:
http://www.geckosystems.com/markets/BaseBot.php
GeckoSystems CEO Martin Spencer comments on the shipping of the BaseBot:
"We are very pleased to send this latest configuration of our BaseBot to ZMP. We now have a demonstration unit that can be readily shipped to third parties for independent testing and evaluation of our SafePath mobile robot solutions. The BaseBot is compact and readily demonstrates our 'loose crowd' level of mobile robot autonomy. The BaseBot will also be useful to OEM manufacturers when developing products designed for SafePath navigation.
Since our founding nearly 15 years ago, and especially the last 7 years, we have been searching for a strategic partner that is reliable, competent, and who would respect and honor our ownership of the intellectual properties that comprise the BaseBot.
We appreciate the collaborative spirit of ZMP. Their association with Hirayama & Company Patent, Design & Trademark Attorneys will help us to bring BaseBot and SafePath projects to market in a timely and efficient manner while maintaining full control of all related Intellectual Property. Our Asian business development consultant, Mr. Hajime Yasumatsu, has been key in securing this breakthrough relationship with ZMP of Japan. I would also like to thank our loyal stockholders who have stood with us during the R&D phase.
I believe GeckoSystems is about to enter a new era of being a profitable Emerging Growth company having exited from the Development Stage," concluded Spencer.
About GeckoSystems Intl. Corp.:
GeckoSystems has been developing innovative robotic technology for over fourteen years. It is CEO Martin Spencer's dream to make people's lives better through robotic technology.
GeckoSystems, Star Wars (TM) Technology
http://www.youtube.com/watch?v=VYwQBUXXc3g
Although the company's primary focus has been an elder care robot, the CareBot(tm), AI (artificial intelligence) software technology developed for this project is being marketed internationally. The company believes many devices in use today can be improved through the use of its AI navigation software system. The company expects their "collision proof" wheelchair and an upgrade for existing wheelchairs will be on the market sometime in 2012.
GeckoSystems' Mobile Robot Solutions Improve Wheelchair Safety
http://www.geckosystems.com/markets/wheelchair.php
The company has successfully completed Alpha trials of its CareBot personal assistance robot for the elderly. It was tested in home care settings and received enthusiastic support from both caregivers and care receivers. The company believes that the CareBot will increase the safety and well being of its elderly charges while decreasing stress on the caregiver and the family.
GeckoSystems is preparing for Beta testing of the CareBot prior to full-scale production and marketing. The CareBot has recently incorporated Microsoft Kinect motion sensors that will result in a significant cost reduction.
Footage from the CareBot Elder Care Alpha Trial
http://www.youtube.com/watch?v=xxK46chfP6A
Above, the CareBot demonstrates static and dynamic obstacle avoidance as it backs in and out of a narrow and cluttered alley. Unlike most of the developmental stage robots backed my major corporations, there is no joystick control or programmed path. GeckoNav(tm) uses Artificial Intelligence (AI) to create three low levels of obstacle avoidance: reactive, proactive, and contemplative. Subsumptive AI behavior enables the CareBot to reach its target destination after engaging in obstacle avoidance. GeckoSystems plans to provide robotic products for many consumer and commercial applications including security, defense and healthcare.
Kinect Enabled Personal Robot video:
http://www.youtube.com/watch?v=kn93BS44Das
About the CareBot(tm):
The CareBot has proven to be ideal for the Personal Assistance market (care for children, chronically ill, and the elderly) which has been chronicled in articles from Psychology Today (http://www.psychologytoday.com/blog/adventures-in-old-age/200906/the-robots-have-dawned-meet-the-carebot) and subject-related blogs (http://cgmasi.com/eyeontechnology/2009/06/personal-robots-to-monitor-elderly-vital-signs.html). In this market, mobile service robots (MSRs) serve as a cost effective alternative to nursing assistance or assistance living residency. The estimated annual savings total near the tens of thousands of dollars.
The CareBot has multiple layers of safety precautions. These safeguards are enabled three ways: mechanical, electronic, and using AI computer software.
The robot is very stable and difficult to tip over since nearly seventy percent of its weight is less than eight inches above the floor and sits low between large, ten-inch diameter wheels. The wheels are wide and soft enough such that if the robot did go over a child's arm, for example, it would not break the skin or any bones.
Multiple layers of sensors are fused to provide a safety umbrella to enable actionable situational awareness. Going outward from the center of the CareBot is the GeckoTactileShroud(tm), which detects where on its shroud it has been bumped by people or animals. The GeckoImager(tm) detects virtually everything in the front and to the sides of this fully autonomous mobile robot up to sixty inches. Obstacles more distant are detected by twin ultrasonic rangefinders.
The advanced AI navigation software, GeckoNav(tm), takes in the hundreds of sensor readings per second and using its high level situational awareness, consistently avoids unforeseen static and/or dynamic obstacles for safe movements.
Like an automobile, the CareBot is made from steel, aluminum, plastic and electronics, but with up to 20 times the amount of software running. It has an aluminum frame, plastic shroud, two independently driven wheels, multiple sensor systems, microprocessors and several onboard computers connected by a local area network (LAN). The microprocessors directly interact with the sensor systems and transmit data to the onboard computers.
The onboard computers each run independent, highly specialized cooperative/subsumptive artificial intelligence (AI) software programs, GeckoSavants, which interact to complete tasks in a timely, intelligent and common sense manner. GeckoSuper(tm), GeckoNav(tm), GeckoChat(tm), GeckoScheduler(tm) and GeckoTrak(tm) are primary, high level GeckoSavants. GeckoNav is responsible for maneuvering, avoiding dynamic and/or static obstacles, seeking waypoints and patrolling.
GeckoChat is responsible for interaction with the care-receiver such as answering questions, assisting with daily routines and reminders, and responding to other verbal commands. GeckoTrak, which is mostly transparent to the user, enables the CareBot to maintain proximity to the care-receiver using sensor fusion. The CareBot is a new type of Internet appliance, a personal assistant life support robot, which is accessible for remote video/audio monitoring and telepresence.
Market Research
At the time GeckoSystems was founded, over 14 years ago, they did extensive primary market research to determine the demographic profile of the early adopters of the proposed CareBot product. Subsequently, they have assembled numerous focus groups to evaluate the fit of the CareBot(tm) personal robot into the participant's lives and their expected usage. The Company has also frequently employed the Delphi market research methodology, contacting and interviewing senior executives, practitioners and researchers knowledgeable in the area of elder care. This primary and secondary market research, supplemented by extensive third party material that is available from researchers worldwide is the statistical substance for the Company's sales forecasts.
Not surprisingly, scientific statistical analysis reveals that the elderly over 65 living alone in metropolitan areas access to broadband internet and sufficient household income were identified as those most likely to adopt initially. Due to the high cost of assisted living, nursing homes, etc. the payback for a CareBot is expected to be only seven to nine months, with an added benefit of keeping elderly care receivers independent, in their own long time homes, and living longer due to the comfort and safety of more frequent attention from their loved ones.
The Projected Consumer Market Size In Dollars For Cost Effective, Utilitarian, Multitasking Eldercare Personal Robots:
Estimated Market Penetrations and Projected Sales:Year Market Size
2013 $74 billion
2014 $77 billion
2015 $80 billion
2016 $83.3 billion
2017 $86.6 billion
Source: U.S. Census Bureau; GeckoSystemsYear Percentage Projected Sales
2013 0.06% $22 million
2014 0.03% $44 million
2015 0.22% $176 million
2016 0.53% $440.2 million
2017 0.81% $704.3 million
You must have missed this:
GOSY SEEKS WALLACE & MACLEOD ARRESTS...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74973922
Now how 'bout some Google Master DD on George Iveagh MacLeod and/or Neil Tyler/Tyrone Wallace?
Where's their LinkedIn profiles?
Can't find any?
Who are they hiding from?
Houghton?
Here's Spencer's:
http://www.linkedin.com/pub/r-martin-spencer/11/b2a/580
Just sayin'
WhisperingBomb
GOSY SEEKS WALLACE & MACLEOD ARRESTS...
Here's yet another reason why: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74967775
I do hope Elaine is capable as a CEO if Martin gets arrested.
Why doesn't Martin answer to this allegation if it's not true?
Why can't R. Marty behave on the internet?
Welcome to spencerland.
Welcome to the Weird World of Wallace.
Wallace speaks out of both sides of his mouth depending on the circumstances. Here are some examples regarding the fly ash debacle:
Here Wallace says it is not harmful to breath:
"We didn't wear masks, we didn't wear protective clothing because there is not health hazard. Its my view, my belief that there is nothing hazardous here, there is no threat of contamination, I'm happy to drink the tap water."
http://www.wtkr.com/news/wtkr-coal-ash-builder,0,4969204.story
Now he is suing for $10 million because he did breath the fly ash and it supposedly caused his kidney cancer.
Going to be a very difficult case for his lawyer since Wallace has always defended fly ash as completely safe for humans and the environment. Presently Wallace's company has a contract to build 3 more golf courses using fly ash. Unbelievable!!
http://hamptonroads.com/2012/02/work-flyash-course-caused-cancer-lawsuit-alleges
Ignore the $25k in revenues and $8 million in losses over the last decade+
Ignore the shares given away to promoters and relatives, even though they exceed the number of shares in the float.
Ignore the many PRs and news "stories" that have all resulted in nothing over the past decade.
Ignore the arrest warrant for the company's CEO.
Ignore the recent paid promotions for the stock that caused the price to fall.
Ignore the fact that the company now owes $100k to 2 individuals who sued and won.
Ignore the fact that the senior robotics employee had most of his stock taken back when he left (or was terminated) last year, despite the filings showing him as a 5%+ owner.
Ignore the fact that the ceo (roger) and his wife (elaine) have been given majority control of the company - by roger.
Ignore the nearly $1 million in net liabilities on the company's balance sheet.
Focus on the activities (unrelated to GOSY) of 2 employees and their families, despite the fact that they haven't worked for the company for years.
Ignorance is bliss as they say, at least in spencerland.
Too funny.
In the dark diseased mind of Neil Wallace harassment of GeckoSystems and those associated it is one of his few pleasures. Somehow it makes him feel important.
His delusional mind sees his default judgement as a great legal victory while ignoring the fact that he screwed up a simple garnishment.
Wallace actually believes the rules of legal ethics and due process don't apply to him, somehow he is "special".
Everyone who opposes him has to be "crazy".
Welcome to the Weird World of Wallace.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74680640
41. MacLeod, individually and, upon information and belief, with Neil T. Wallace
(with who he allegedly shares an address in Virginia and have both filed similar suits, at the
same time, against defendants) have engaged in a concerted malicious and defamatory attack on
defendants, (redacted)
42. MacLeod has posted over 700 separate disparaging, defamatory, negative
utterances about Geckosystems and defendant R. Martin Spencer, in particular about the
company’s technology and Spencer personally.
44. The negative and defamatory comments by MacLeod have caused the loss of
capitalization of the company of approximately 62%, resulting in the loss of millions of dollars.
Spencer’s stock holdings alone have sustained a loss of millions of dollars due to the postings by
MacLeod and Wallace.
45. MacLeod’s defamatory attacks are false and have injured the reputation of
Spencer and Geckosystems as detailed in paragraph 44 above.
46. The postings by MacLeod and Wallace were done in concert with each other and
with the specific intent to harm and ultimately destroy Geckosystems and Spencer.
47. The postings by MacLeod and Wallace caused one major investor to dump his
stock, further harming Geckosystems and Spencer.
48. By virtue of the postings on the internet, the defamatory statements were
published by MacLeod and Wallace.
49. The postings by MacLeod and Wallace have caused third parties to stop dealing
with Geckosystems and Spencer.
50. The postings by MacLeod and Wallace have lowered the defendants standing,
goodwill, confidence and esteem in the business community.
II. TORTIOUS INTERFERENCE WITH BUSINESS
51. The defendant re-alleges and incorporates by reference the information contained
in paragraphs 1-50 above.
52. MacLeod, in concert with Wallace has tortiously interfered with the business of
the defendants by:
a. defamatory postings on various websites, denying defendants the
reasonable probability of business opportunities;
b. intentional defamatory postings on various websites, interfering with
business opportunities available to the defendants;
53. As a result of the conduct of MacLeod, and Wallace, they have proximately
caused losses to the defendants.
54. The damage inflicted by MacLeod and Wallace onto the defendants is likely in
the millions of dollars.
WHEREFORE, the defendants seeks special, consequential, compensatory and punitive
damages against the plaintiff, along with attorney’s fees, costs, pre and post judgment interest
and any other relief that the Court deems just and appropriate.
Looks like others --besides GOSY-- are standing up to Wallace's disreputable and UNETHICAL business practices:
Recall that Neil Tyler (Tyrone?) Wallace is president and majority stockholder in Combustion Products Management, Inc.
Don't you agree?CL01000646-00 Defendant: COMBUSTION PRODUCTS MANAGE. Plaintiff: I.E.T. LLC Purged After 3 Years
CL02001468-00 Defendant: COMBUSTION PRODUCTS MANAGEMENT Plaintiff: I E T, LLC Active
CL02001469-00 Defendant: COMBUSTION PRODUCTS MANAGEMENT Plaintiff: I E T; LLC Active
CL12000475-00 Defendant: COMBUSTION PRODUCTS MANAGEMENT Plaintiff: FENTRESS FAMILIES TRUST Active
CL12000476-00 Defendant: COMBUSTION PRODUCTS MGMT VA LLC Plaintiff: SEARS, DARRYL Active
CL01000598-00 Defendant: COMBUSTION PRODUCTS MGMT INC Plaintiff: I.E.T. LLC Default Judgment
CL09000710-00 Defendant: COMBUSTION PRODUCTS MGMT INC Plaintiff: FENTRESS FAMILIES TRUST Active
CL09001914-00 Defendant: COMBUSTION PRODUCTS MGMT INC Plaintiff: SEARS, DARRYL Active
CL12000476-00 Defendant: COMBUSTION PRODUCTS MGMT INC Plaintiff: SEARS, DARRYL Active
Civil Case Details
Case Information
Case Number : GV11004807-00 File Date : 12/02/2011
Case Type : Warrant In Debt Debt Type :
Plaintiff Information
Name DBA/TA Address Judgment Attorney
FIA CARD SERVICES NA NORFOLK, VA 23514 Plaintiff GLASSER
Defendant Information
Name DBA/TA Address Judgment Attorney
WALLACE, NEIL T WILLIAMSBURG, VA 23188 Plaintiff
Hearing Information
Date Time Result Hearing Type Courtroom
12/19/2011 01:30 PM Continued
02/13/2012 01:30 PM Default Judgment
Service/Process
Reports
Judgment Information
Judgment : Plaintiff Costs : $56.00 Attorney Fees :
Principal Amount : $5,453.63 Other Amount : Interest Award :
Possession : Writ Issued Date : Homestead Exemption Waived :
Is Judgment Satisfied : Date Satisfaction Filed : Other Awarded :
Further Case Information :
41. MacLeod, individually and, upon information and belief, with Neil T. Wallace
(with who he allegedly shares an address in Virginia and have both filed similar suits, at the
same time, against defendants) have engaged in a concerted malicious and defamatory attack on
defendants, (redacted)
42. MacLeod has posted over 700 separate disparaging, defamatory, negative
utterances about Geckosystems and defendant R. Martin Spencer, in particular about the
company’s technology and Spencer personally.
44. The negative and defamatory comments by MacLeod have caused the loss of
capitalization of the company of approximately 62%, resulting in the loss of millions of dollars.
Spencer’s stock holdings alone have sustained a loss of millions of dollars due to the postings by
MacLeod and Wallace.
45. MacLeod’s defamatory attacks are false and have injured the reputation of
Spencer and Geckosystems as detailed in paragraph 44 above.
46. The postings by MacLeod and Wallace were done in concert with each other and
with the specific intent to harm and ultimately destroy Geckosystems and Spencer.
47. The postings by MacLeod and Wallace caused one major investor to dump his
stock, further harming Geckosystems and Spencer.
48. By virtue of the postings on the internet, the defamatory statements were
published by MacLeod and Wallace.
49. The postings by MacLeod and Wallace have caused third parties to stop dealing
with Geckosystems and Spencer.
50. The postings by MacLeod and Wallace have lowered the defendants standing,
goodwill, confidence and esteem in the business community.
II. TORTIOUS INTERFERENCE WITH BUSINESS
51. The defendant re-alleges and incorporates by reference the information contained
in paragraphs 1-50 above.
52. MacLeod, in concert with Wallace has tortiously interfered with the business of
the defendants by:
a. defamatory postings on various websites, denying defendants the
reasonable probability of business opportunities;
b. intentional defamatory postings on various websites, interfering with
business opportunities available to the defendants;
53. As a result of the conduct of MacLeod, and Wallace, they have proximately
caused losses to the defendants.
54. The damage inflicted by MacLeod and Wallace onto the defendants is likely in
the millions of dollars.
WHEREFORE, the defendants seeks special, consequential, compensatory and punitive
damages against the plaintiff, along with attorney’s fees, costs, pre and post judgment interest
and any other relief that the Court deems just and appropriate.
Rumors are swirling that Macleod and Wallace will be meeting soon to develop a business plan for GOSY after Spencer is extradited to VA. Since it's likely Spencer will be found to not be mentally competent to stand trial, he should be institutionalize to receive the treatment and medication he needs so badly. In order to protect the SHs, a real business plan will need to be ready to go at that point. IMO, of course. While marty will no doubt look to his part time secretary to run the business, I'm guessing SHs will demand a real CEO. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74687624
In the dark diseased mind of Neil Wallace harassment of GeckoSystems and those associated it is one of his few pleasures. Somehow it makes him feel important.
His delusional mind sees his default judgement as a great legal victory while ignoring the fact that he screwed up a simple garnishment.
Wallace actually believes the rules of legal ethics and due process don't apply to him, somehow he is "special".
Everyone who opposes him has to be "crazy".
Welcome to the Weird World of Wallace.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74680640
GOSY SEEKS WALLACE & MACLEOD ARRESTS...
IMHO, Neil Tyler (Tyrone?) Wallace should be reported to the NY and FL Bar Associations for his, at minimum unethical behavior. One can hope that he would be disbarred from practicing law in both New York and Florida.
From http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74695340
Welcome to spencerland.
Welcome to the Weird World of Wallace.
Wallace speaks out of both sides of his mouth depending on the circumstances. Here are some examples regarding the fly ash debacle:
Here Wallace says it is not harmful to breath:
"We didn't wear masks, we didn't wear protective clothing because there is not health hazard. Its my view, my belief that there is nothing hazardous here, there is no threat of contamination, I'm happy to drink the tap water."
http://www.wtkr.com/news/wtkr-coal-ash-builder,0,4969204.story
Now he is suing for $10 million because he did breath the fly ash and it supposedly caused his kidney cancer.
Going to be a very difficult case for his lawyer since Wallace has always defended fly ash as completely safe for humans and the environment. Presently Wallace's company has a contract to build 3 more golf courses using fly ash. Unbelievable!!
http://hamptonroads.com/2012/02/work-flyash-course-caused-cancer-lawsuit-alleges
Ignore the $25k in revenues and $8 million in losses over the last decade+
Ignore the shares given away to promoters and relatives, even though they exceed the number of shares in the float.
Ignore the many PRs and news "stories" that have all resulted in nothing over the past decade.
Ignore the arrest warrant for the company's CEO.
Ignore the recent paid promotions for the stock that caused the price to fall.
Ignore the fact that the company now owes $100k to 2 individuals who sued and won.
Ignore the fact that the senior robotics employee had most of his stock taken back when he left (or was terminated) last year, despite the filings showing him as a 5%+ owner.
Ignore the fact that the ceo (roger) and his wife (elaine) have been given majority control of the company - by roger.
Ignore the nearly $1 million in net liabilities on the company's balance sheet.
Focus on the activities (unrelated to GOSY) of 2 employees and their families, despite the fact that they haven't worked for the company for years.
Ignorance is bliss as they say, at least in spencerland.
Too funny.
In the dark diseased mind of Neil Wallace harassment of GeckoSystems and those associated it is one of his few pleasures. Somehow it makes him feel important.
His delusional mind sees his default judgement as a great legal victory while ignoring the fact that he screwed up a simple garnishment.
Wallace actually believes the rules of legal ethics and due process don't apply to him, somehow he is "special".
Everyone who opposes him has to be "crazy".
Welcome to the Weird World of Wallace.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74680640
41. MacLeod, individually and, upon information and belief, with Neil T. Wallace
(with who he allegedly shares an address in Virginia and have both filed similar suits, at the
same time, against defendants) have engaged in a concerted malicious and defamatory attack on
defendants, (redacted)
42. MacLeod has posted over 700 separate disparaging, defamatory, negative
utterances about Geckosystems and defendant R. Martin Spencer, in particular about the
company’s technology and Spencer personally.
44. The negative and defamatory comments by MacLeod have caused the loss of
capitalization of the company of approximately 62%, resulting in the loss of millions of dollars.
Spencer’s stock holdings alone have sustained a loss of millions of dollars due to the postings by
MacLeod and Wallace.
45. MacLeod’s defamatory attacks are false and have injured the reputation of
Spencer and Geckosystems as detailed in paragraph 44 above.
46. The postings by MacLeod and Wallace were done in concert with each other and
with the specific intent to harm and ultimately destroy Geckosystems and Spencer.
47. The postings by MacLeod and Wallace caused one major investor to dump his
stock, further harming Geckosystems and Spencer.
48. By virtue of the postings on the internet, the defamatory statements were
published by MacLeod and Wallace.
49. The postings by MacLeod and Wallace have caused third parties to stop dealing
with Geckosystems and Spencer.
50. The postings by MacLeod and Wallace have lowered the defendants standing,
goodwill, confidence and esteem in the business community.
II. TORTIOUS INTERFERENCE WITH BUSINESS
51. The defendant re-alleges and incorporates by reference the information contained
in paragraphs 1-50 above.
52. MacLeod, in concert with Wallace has tortiously interfered with the business of
the defendants by:
a. defamatory postings on various websites, denying defendants the
reasonable probability of business opportunities;
b. intentional defamatory postings on various websites, interfering with
business opportunities available to the defendants;
53. As a result of the conduct of MacLeod, and Wallace, they have proximately
caused losses to the defendants.
54. The damage inflicted by MacLeod and Wallace onto the defendants is likely in
the millions of dollars.
WHEREFORE, the defendants seeks special, consequential, compensatory and punitive
damages against the plaintiff, along with attorney’s fees, costs, pre and post judgment interest
and any other relief that the Court deems just and appropriate.
GOSY SEEKS WALLACE & MACLEOD ARRESTS...
From http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74695340
Welcome to spencerland.
Welcome to the Weird World of Wallace.
Wallace speaks out of both sides of his mouth depending on the circumstances. Here are some examples regarding the fly ash debacle:
Here Wallace says it is not harmful to breath:
"We didn't wear masks, we didn't wear protective clothing because there is not health hazard. Its my view, my belief that there is nothing hazardous here, there is no threat of contamination, I'm happy to drink the tap water."
http://www.wtkr.com/news/wtkr-coal-ash-builder,0,4969204.story
Now he is suing for $10 million because he did breath the fly ash and it supposedly caused his kidney cancer.
Going to be a very difficult case for his lawyer since Wallace has always defended fly ash as completely safe for humans and the environment. Presently Wallace's company has a contract to build 3 more golf courses using fly ash. Unbelievable!!
http://hamptonroads.com/2012/02/work-flyash-course-caused-cancer-lawsuit-alleges
Ignore the $25k in revenues and $8 million in losses over the last decade+
Ignore the shares given away to promoters and relatives, even though they exceed the number of shares in the float.
Ignore the many PRs and news "stories" that have all resulted in nothing over the past decade.
Ignore the arrest warrant for the company's CEO.
Ignore the recent paid promotions for the stock that caused the price to fall.
Ignore the fact that the company now owes $100k to 2 individuals who sued and won.
Ignore the fact that the senior robotics employee had most of his stock taken back when he left (or was terminated) last year, despite the filings showing him as a 5%+ owner.
Ignore the fact that the ceo (roger) and his wife (elaine) have been given majority control of the company - by roger.
Ignore the nearly $1 million in net liabilities on the company's balance sheet.
Focus on the activities (unrelated to GOSY) of 2 employees and their families, despite the fact that they haven't worked for the company for years.
Ignorance is bliss as they say, at least in spencerland.
Too funny.
In the dark diseased mind of Neil Wallace harassment of GeckoSystems and those associated it is one of his few pleasures. Somehow it makes him feel important.
His delusional mind sees his default judgement as a great legal victory while ignoring the fact that he screwed up a simple garnishment.
Wallace actually believes the rules of legal ethics and due process don't apply to him, somehow he is "special".
Everyone who opposes him has to be "crazy".
Welcome to the Weird World of Wallace.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74680640
41. MacLeod, individually and, upon information and belief, with Neil T. Wallace
(with who he allegedly shares an address in Virginia and have both filed similar suits, at the
same time, against defendants) have engaged in a concerted malicious and defamatory attack on
defendants, (redacted)
42. MacLeod has posted over 700 separate disparaging, defamatory, negative
utterances about Geckosystems and defendant R. Martin Spencer, in particular about the
company’s technology and Spencer personally.
44. The negative and defamatory comments by MacLeod have caused the loss of
capitalization of the company of approximately 62%, resulting in the loss of millions of dollars.
Spencer’s stock holdings alone have sustained a loss of millions of dollars due to the postings by
MacLeod and Wallace.
45. MacLeod’s defamatory attacks are false and have injured the reputation of
Spencer and Geckosystems as detailed in paragraph 44 above.
46. The postings by MacLeod and Wallace were done in concert with each other and
with the specific intent to harm and ultimately destroy Geckosystems and Spencer.
47. The postings by MacLeod and Wallace caused one major investor to dump his
stock, further harming Geckosystems and Spencer.
48. By virtue of the postings on the internet, the defamatory statements were
published by MacLeod and Wallace.
49. The postings by MacLeod and Wallace have caused third parties to stop dealing
with Geckosystems and Spencer.
50. The postings by MacLeod and Wallace have lowered the defendants standing,
goodwill, confidence and esteem in the business community.
II. TORTIOUS INTERFERENCE WITH BUSINESS
51. The defendant re-alleges and incorporates by reference the information contained
in paragraphs 1-50 above.
52. MacLeod, in concert with Wallace has tortiously interfered with the business of
the defendants by:
a. defamatory postings on various websites, denying defendants the
reasonable probability of business opportunities;
b. intentional defamatory postings on various websites, interfering with
business opportunities available to the defendants;
53. As a result of the conduct of MacLeod, and Wallace, they have proximately
caused losses to the defendants.
54. The damage inflicted by MacLeod and Wallace onto the defendants is likely in
the millions of dollars.
WHEREFORE, the defendants seeks special, consequential, compensatory and punitive
damages against the plaintiff, along with attorney’s fees, costs, pre and post judgment interest
and any other relief that the Court deems just and appropriate.
Looks like others --besides GOSY-- are standing up to Wallace's disreputable and UNETHICAL business practices:
Recall that Neil Tyler (Tyrone?) Wallace is president and majority stockholder in Combustion Products Management, Inc.
Don't you agree?CL01000646-00 Defendant: COMBUSTION PRODUCTS MANAGE. Plaintiff: I.E.T. LLC Purged After 3 Years
CL02001468-00 Defendant: COMBUSTION PRODUCTS MANAGEMENT Plaintiff: I E T, LLC Active
CL02001469-00 Defendant: COMBUSTION PRODUCTS MANAGEMENT Plaintiff: I E T; LLC Active
CL12000475-00 Defendant: COMBUSTION PRODUCTS MANAGEMENT Plaintiff: FENTRESS FAMILIES TRUST Active
CL12000476-00 Defendant: COMBUSTION PRODUCTS MGMT VA LLC Plaintiff: SEARS, DARRYL Active
CL01000598-00 Defendant: COMBUSTION PRODUCTS MGMT INC Plaintiff: I.E.T. LLC Default Judgment
CL09000710-00 Defendant: COMBUSTION PRODUCTS MGMT INC Plaintiff: FENTRESS FAMILIES TRUST Active
CL09001914-00 Defendant: COMBUSTION PRODUCTS MGMT INC Plaintiff: SEARS, DARRYL Active
CL12000476-00 Defendant: COMBUSTION PRODUCTS MGMT INC Plaintiff: SEARS, DARRYL Active
Civil Case Details
Case Information
Case Number : GV11004807-00 File Date : 12/02/2011
Case Type : Warrant In Debt Debt Type :
Plaintiff Information
Name DBA/TA Address Judgment Attorney
FIA CARD SERVICES NA NORFOLK, VA 23514 Plaintiff GLASSER
Defendant Information
Name DBA/TA Address Judgment Attorney
WALLACE, NEIL T WILLIAMSBURG, VA 23188 Plaintiff
Hearing Information
Date Time Result Hearing Type Courtroom
12/19/2011 01:30 PM Continued
02/13/2012 01:30 PM Default Judgment
Service/Process
Reports
Judgment Information
Judgment : Plaintiff Costs : $56.00 Attorney Fees :
Principal Amount : $5,453.63 Other Amount : Interest Award :
Possession : Writ Issued Date : Homestead Exemption Waived :
Is Judgment Satisfied : Date Satisfaction Filed : Other Awarded :
Further Case Information :
41. MacLeod, individually and, upon information and belief, with Neil T. Wallace
(with who he allegedly shares an address in Virginia and have both filed similar suits, at the
same time, against defendants) have engaged in a concerted malicious and defamatory attack on
defendants, (redacted)
42. MacLeod has posted over 700 separate disparaging, defamatory, negative
utterances about Geckosystems and defendant R. Martin Spencer, in particular about the
company’s technology and Spencer personally.
44. The negative and defamatory comments by MacLeod have caused the loss of
capitalization of the company of approximately 62%, resulting in the loss of millions of dollars.
Spencer’s stock holdings alone have sustained a loss of millions of dollars due to the postings by
MacLeod and Wallace.
45. MacLeod’s defamatory attacks are false and have injured the reputation of
Spencer and Geckosystems as detailed in paragraph 44 above.
46. The postings by MacLeod and Wallace were done in concert with each other and
with the specific intent to harm and ultimately destroy Geckosystems and Spencer.
47. The postings by MacLeod and Wallace caused one major investor to dump his
stock, further harming Geckosystems and Spencer.
48. By virtue of the postings on the internet, the defamatory statements were
published by MacLeod and Wallace.
49. The postings by MacLeod and Wallace have caused third parties to stop dealing
with Geckosystems and Spencer.
50. The postings by MacLeod and Wallace have lowered the defendants standing,
goodwill, confidence and esteem in the business community.
II. TORTIOUS INTERFERENCE WITH BUSINESS
51. The defendant re-alleges and incorporates by reference the information contained
in paragraphs 1-50 above.
52. MacLeod, in concert with Wallace has tortiously interfered with the business of
the defendants by:
a. defamatory postings on various websites, denying defendants the
reasonable probability of business opportunities;
b. intentional defamatory postings on various websites, interfering with
business opportunities available to the defendants;
53. As a result of the conduct of MacLeod, and Wallace, they have proximately
caused losses to the defendants.
54. The damage inflicted by MacLeod and Wallace onto the defendants is likely in
the millions of dollars.
WHEREFORE, the defendants seeks special, consequential, compensatory and punitive
damages against the plaintiff, along with attorney’s fees, costs, pre and post judgment interest
and any other relief that the Court deems just and appropriate.
Rumors are swirling that Macleod and Wallace will be meeting soon to develop a business plan for GOSY after Spencer is extradited to VA. Since it's likely Spencer will be found to not be mentally competent to stand trial, he should be institutionalize to receive the treatment and medication he needs so badly. In order to protect the SHs, a real business plan will need to be ready to go at that point. IMO, of course. While marty will no doubt look to his part time secretary to run the business, I'm guessing SHs will demand a real CEO. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74687624
In the dark diseased mind of Neil Wallace harassment of GeckoSystems and those associated it is one of his few pleasures. Somehow it makes him feel important.
His delusional mind sees his default judgement as a great legal victory while ignoring the fact that he screwed up a simple garnishment.
Wallace actually believes the rules of legal ethics and due process don't apply to him, somehow he is "special".
Everyone who opposes him has to be "crazy".
Welcome to the Weird World of Wallace.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74680640
GOSY SEEKS WALLACE & MACLEOD ARRESTS...
For:
1. "Intentional infliction of emotional distress"
Please note that this practice of sadism is actionable under Commonwealth of Virginia as "USE OF COMPUTER FOR HARRASSMENT." This is the law that Neil T. Wallace used to FALSELY accuse GOSY's CEO to secure a warrant for his arrest. If Wallace can attain such against Spencer with NO proof, then GOSY can attain the same against Wallace and MacLeod for their actitivities.
2. "Tortitous interference with business"
AKA "criminal RICO" can be utilized here and warrants issued for the arrests of Neil T. Wallace and George I. MacLeod.
3. "Defamation of character"
While not a criminal offense, is nonetheless egregious.
http://www.otcmarkets.com/stock/GOSY/financials
41. MacLeod, individually and, upon information and belief, with Neil T. Wallace
(with who he allegedly shares an address in Virginia and have both filed similar suits, at the
same time, against defendants) have engaged in a concerted malicious and defamatory attack on
defendants, (redacted)
42. MacLeod has posted over 700 separate disparaging, defamatory, negative
utterances about Geckosystems and defendant R. Martin Spencer, in particular about the
company’s technology and Spencer personally.
44. The negative and defamatory comments by MacLeod have caused the loss of
capitalization of the company of approximately 62%, resulting in the loss of millions of dollars.
Spencer’s stock holdings alone have sustained a loss of millions of dollars due to the postings by
MacLeod and Wallace.
45. MacLeod’s defamatory attacks are false and have injured the reputation of
Spencer and Geckosystems as detailed in paragraph 44 above.
46. The postings by MacLeod and Wallace were done in concert with each other and
with the specific intent to harm and ultimately destroy Geckosystems and Spencer.
47. The postings by MacLeod and Wallace caused one major investor to dump his
stock, further harming Geckosystems and Spencer.
48. By virtue of the postings on the internet, the defamatory statements were
published by MacLeod and Wallace.
49. The postings by MacLeod and Wallace have caused third parties to stop dealing
with Geckosystems and Spencer.
50. The postings by MacLeod and Wallace have lowered the defendants standing,
goodwill, confidence and esteem in the business community.
II. TORTIOUS INTERFERENCE WITH BUSINESS
51. The defendant re-alleges and incorporates by reference the information contained
in paragraphs 1-50 above.
52. MacLeod, in concert with Wallace has tortiously interfered with the business of
the defendants by:
a. defamatory postings on various websites, denying defendants the
reasonable probability of business opportunities;
b. intentional defamatory postings on various websites, interfering with
business opportunities available to the defendants;
53. As a result of the conduct of MacLeod, and Wallace, they have proximately
caused losses to the defendants.
54. The damage inflicted by MacLeod and Wallace onto the defendants is likely in
the millions of dollars.
WHEREFORE, the defendants seeks special, consequential, compensatory and punitive
damages against the plaintiff, along with attorney’s fees, costs, pre and post judgment interest
and any other relief that the Court deems just and appropriate.
Looks like others --besides GOSY-- are standing up to Wallace's disreputable and UNETHICAL business practices:
Recall that Neil Tyler (Tyrone?) Wallace is president and majority stockholder in Combustion Products Management, Inc.
Don't you agree?CL01000646-00 Defendant: COMBUSTION PRODUCTS MANAGE. Plaintiff: I.E.T. LLC Purged After 3 Years
CL02001468-00 Defendant: COMBUSTION PRODUCTS MANAGEMENT Plaintiff: I E T, LLC Active
CL02001469-00 Defendant: COMBUSTION PRODUCTS MANAGEMENT Plaintiff: I E T; LLC Active
CL12000475-00 Defendant: COMBUSTION PRODUCTS MANAGEMENT Plaintiff: FENTRESS FAMILIES TRUST Active
CL12000476-00 Defendant: COMBUSTION PRODUCTS MGMT VA LLC Plaintiff: SEARS, DARRYL Active
CL01000598-00 Defendant: COMBUSTION PRODUCTS MGMT INC Plaintiff: I.E.T. LLC Default Judgment
CL09000710-00 Defendant: COMBUSTION PRODUCTS MGMT INC Plaintiff: FENTRESS FAMILIES TRUST Active
CL09001914-00 Defendant: COMBUSTION PRODUCTS MGMT INC Plaintiff: SEARS, DARRYL Active
CL12000476-00 Defendant: COMBUSTION PRODUCTS MGMT INC Plaintiff: SEARS, DARRYL Active
Civil Case Details
Case Information
Case Number : GV11004807-00 File Date : 12/02/2011
Case Type : Warrant In Debt Debt Type :
Plaintiff Information
Name DBA/TA Address Judgment Attorney
FIA CARD SERVICES NA NORFOLK, VA 23514 Plaintiff GLASSER
Defendant Information
Name DBA/TA Address Judgment Attorney
WALLACE, NEIL T WILLIAMSBURG, VA 23188 Plaintiff
Hearing Information
Date Time Result Hearing Type Courtroom
12/19/2011 01:30 PM Continued
02/13/2012 01:30 PM Default Judgment
Service/Process
Reports
Judgment Information
Judgment : Plaintiff Costs : $56.00 Attorney Fees :
Principal Amount : $5,453.63 Other Amount : Interest Award :
Possession : Writ Issued Date : Homestead Exemption Waived :
Is Judgment Satisfied : Date Satisfaction Filed : Other Awarded :
Further Case Information :
41. MacLeod, individually and, upon information and belief, with Neil T. Wallace
(with who he allegedly shares an address in Virginia and have both filed similar suits, at the
same time, against defendants) have engaged in a concerted malicious and defamatory attack on
defendants, (redacted)
42. MacLeod has posted over 700 separate disparaging, defamatory, negative
utterances about Geckosystems and defendant R. Martin Spencer, in particular about the
company’s technology and Spencer personally.
44. The negative and defamatory comments by MacLeod have caused the loss of
capitalization of the company of approximately 62%, resulting in the loss of millions of dollars.
Spencer’s stock holdings alone have sustained a loss of millions of dollars due to the postings by
MacLeod and Wallace.
45. MacLeod’s defamatory attacks are false and have injured the reputation of
Spencer and Geckosystems as detailed in paragraph 44 above.
46. The postings by MacLeod and Wallace were done in concert with each other and
with the specific intent to harm and ultimately destroy Geckosystems and Spencer.
47. The postings by MacLeod and Wallace caused one major investor to dump his
stock, further harming Geckosystems and Spencer.
48. By virtue of the postings on the internet, the defamatory statements were
published by MacLeod and Wallace.
49. The postings by MacLeod and Wallace have caused third parties to stop dealing
with Geckosystems and Spencer.
50. The postings by MacLeod and Wallace have lowered the defendants standing,
goodwill, confidence and esteem in the business community.
II. TORTIOUS INTERFERENCE WITH BUSINESS
51. The defendant re-alleges and incorporates by reference the information contained
in paragraphs 1-50 above.
52. MacLeod, in concert with Wallace has tortiously interfered with the business of
the defendants by:
a. defamatory postings on various websites, denying defendants the
reasonable probability of business opportunities;
b. intentional defamatory postings on various websites, interfering with
business opportunities available to the defendants;
53. As a result of the conduct of MacLeod, and Wallace, they have proximately
caused losses to the defendants.
54. The damage inflicted by MacLeod and Wallace onto the defendants is likely in
the millions of dollars.
WHEREFORE, the defendants seeks special, consequential, compensatory and punitive
damages against the plaintiff, along with attorney’s fees, costs, pre and post judgment interest
and any other relief that the Court deems just and appropriate.
Rumors are swirling that Macleod and Wallace will be meeting soon to develop a business plan for GOSY after Spencer is extradited to VA. Since it's likely Spencer will be found to not be mentally competent to stand trial, he should be institutionalize to receive the treatment and medication he needs so badly. In order to protect the SHs, a real business plan will need to be ready to go at that point. IMO, of course. While marty will no doubt look to his part time secretary to run the business, I'm guessing SHs will demand a real CEO. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74687624
In the dark diseased mind of Neil Wallace harassment of GeckoSystems and those associated it is one of his few pleasures. Somehow it makes him feel important.
His delusional mind sees his default judgement as a great legal victory while ignoring the fact that he screwed up a simple garnishment.
Wallace actually believes the rules of legal ethics and due process don't apply to him, somehow he is "special".
Everyone who opposes him has to be "crazy".
Welcome to the Weird World of Wallace.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74680640
Looks like others --besides GOSY-- are standing up to Wallace's disreputable and UNETHICAL business practices:
Recall that Neil Tyler (Tyrone?) Wallace is president and majority stockholder in Combustion Products Management, Inc.
Don't you agree?CL01000646-00 Defendant: COMBUSTION PRODUCTS MANAGE. Plaintiff: I.E.T. LLC Purged After 3 Years
CL02001468-00 Defendant: COMBUSTION PRODUCTS MANAGEMENT Plaintiff: I E T, LLC Active
CL02001469-00 Defendant: COMBUSTION PRODUCTS MANAGEMENT Plaintiff: I E T; LLC Active
CL12000475-00 Defendant: COMBUSTION PRODUCTS MANAGEMENT Plaintiff: FENTRESS FAMILIES TRUST Active
CL12000476-00 Defendant: COMBUSTION PRODUCTS MGMT VA LLC Plaintiff: SEARS, DARRYL Active
CL01000598-00 Defendant: COMBUSTION PRODUCTS MGMT INC Plaintiff: I.E.T. LLC Default Judgment
CL09000710-00 Defendant: COMBUSTION PRODUCTS MGMT INC Plaintiff: FENTRESS FAMILIES TRUST Active
CL09001914-00 Defendant: COMBUSTION PRODUCTS MGMT INC Plaintiff: SEARS, DARRYL Active
CL12000476-00 Defendant: COMBUSTION PRODUCTS MGMT INC Plaintiff: SEARS, DARRYL Active
41. MacLeod, individually and, upon information and belief, with Neil T. Wallace
(with who he allegedly shares an address in Virginia and have both filed similar suits, at the
same time, against defendants) have engaged in a concerted malicious and defamatory attack on
defendants, (redacted)
42. MacLeod has posted over 700 separate disparaging, defamatory, negative
utterances about Geckosystems and defendant R. Martin Spencer, in particular about the
company’s technology and Spencer personally.
44. The negative and defamatory comments by MacLeod have caused the loss of
capitalization of the company of approximately 62%, resulting in the loss of millions of dollars.
Spencer’s stock holdings alone have sustained a loss of millions of dollars due to the postings by
MacLeod and Wallace.
45. MacLeod’s defamatory attacks are false and have injured the reputation of
Spencer and Geckosystems as detailed in paragraph 44 above.
46. The postings by MacLeod and Wallace were done in concert with each other and
with the specific intent to harm and ultimately destroy Geckosystems and Spencer.
47. The postings by MacLeod and Wallace caused one major investor to dump his
stock, further harming Geckosystems and Spencer.
48. By virtue of the postings on the internet, the defamatory statements were
published by MacLeod and Wallace.
49. The postings by MacLeod and Wallace have caused third parties to stop dealing
with Geckosystems and Spencer.
50. The postings by MacLeod and Wallace have lowered the defendants standing,
goodwill, confidence and esteem in the business community.
II. TORTIOUS INTERFERENCE WITH BUSINESS
51. The defendant re-alleges and incorporates by reference the information contained
in paragraphs 1-50 above.
52. MacLeod, in concert with Wallace has tortiously interfered with the business of
the defendants by:
a. defamatory postings on various websites, denying defendants the
reasonable probability of business opportunities;
b. intentional defamatory postings on various websites, interfering with
business opportunities available to the defendants;
53. As a result of the conduct of MacLeod, and Wallace, they have proximately
caused losses to the defendants.
54. The damage inflicted by MacLeod and Wallace onto the defendants is likely in
the millions of dollars.
WHEREFORE, the defendants seeks special, consequential, compensatory and punitive
damages against the plaintiff, along with attorney’s fees, costs, pre and post judgment interest
and any other relief that the Court deems just and appropriate.
Rumors are swirling that Macleod and Wallace will be meeting soon to develop a business plan for GOSY after Spencer is extradited to VA. Since it's likely Spencer will be found to not be mentally competent to stand trial, he should be institutionalize to receive the treatment and medication he needs so badly. In order to protect the SHs, a real business plan will need to be ready to go at that point. IMO, of course. While marty will no doubt look to his part time secretary to run the business, I'm guessing SHs will demand a real CEO. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74687624
In the dark diseased mind of Neil Wallace harassment of GeckoSystems and those associated it is one of his few pleasures. Somehow it makes him feel important.
His delusional mind sees his default judgement as a great legal victory while ignoring the fact that he screwed up a simple garnishment.
Wallace actually believes the rules of legal ethics and due process don't apply to him, somehow he is "special".
Everyone who opposes him has to be "crazy".
Welcome to the Weird World of Wallace.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74680640
GOSY SEEKS WALLACE & MACLEOD ARRESTS...
From http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74695340
Welcome to spencerland.
Welcome to the Weird World of Wallace.
Wallace speaks out of both sides of his mouth depending on the circumstances. Here are some examples regarding the fly ash debacle:
Here he says it is not harmful to breath:
"We didn't wear masks, we didn't wear protective clothing because there is not health hazard. Its my view, my belief that there is nothing hazardous here, there is no threat of contamination, I'm happy to drink the tap water."
http://www.wtkr.com/news/wtkr-coal-ash-builder,0,4969204.story
Now he is suing for $10 million because he did breath the fly ash and it supposedly caused his kidney cancer.
Going to be a very difficult case for his lawyer since Wallace has always defended fly ash as completely safe for humans and the environment. Presently Wallace's company has a contract to build 3 more golf courses using fly ash. Unbelievable!!
http://hamptonroads.com/2012/02/work-flyash-course-caused-cancer-lawsuit-alleges
Ignore the $25k in revenues and $8 million in losses over the last decade+
Ignore the shares given away to promoters and relatives, even though they exceed the number of shares in the float.
Ignore the many PRs and news "stories" that have all resulted in nothing over the past decade.
Ignore the arrest warrant for the company's CEO.
Ignore the recent paid promotions for the stock that caused the price to fall.
Ignore the fact that the company now owes $100k to 2 individuals who sued and won.
Ignore the fact that the senior robotics employee had most of his stock taken back when he left (or was terminated) last year, despite the filings showing him as a 5%+ owner.
Ignore the fact that the ceo (roger) and his wife (elaine) have been given majority control of the company - by roger.
Ignore the nearly $1 million in net liabilities on the company's balance sheet.
Focus on the activities (unrelated to GOSY) of 2 employees and their families, despite the fact that they haven't worked for the company for years.
Ignorance is bliss as they say, at least in spencerland.
Too funny.
In the dark diseased mind of Neil Wallace harassment of GeckoSystems and those associated it is one of his few pleasures. Somehow it makes him feel important.
His delusional mind sees his default judgement as a great legal victory while ignoring the fact that he screwed up a simple garnishment.
Wallace actually believes the rules of legal ethics and due process don't apply to him, somehow he is "special".
Everyone who opposes him has to be "crazy".
Welcome to the Weird World of Wallace.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74680640
41. MacLeod, individually and, upon information and belief, with Neil T. Wallace
(with who he allegedly shares an address in Virginia and have both filed similar suits, at the
same time, against defendants) have engaged in a concerted malicious and defamatory attack on
defendants, (redacted)
42. MacLeod has posted over 700 separate disparaging, defamatory, negative
utterances about Geckosystems and defendant R. Martin Spencer, in particular about the
company’s technology and Spencer personally.
44. The negative and defamatory comments by MacLeod have caused the loss of
capitalization of the company of approximately 62%, resulting in the loss of millions of dollars.
Spencer’s stock holdings alone have sustained a loss of millions of dollars due to the postings by
MacLeod and Wallace.
45. MacLeod’s defamatory attacks are false and have injured the reputation of
Spencer and Geckosystems as detailed in paragraph 44 above.
46. The postings by MacLeod and Wallace were done in concert with each other and
with the specific intent to harm and ultimately destroy Geckosystems and Spencer.
47. The postings by MacLeod and Wallace caused one major investor to dump his
stock, further harming Geckosystems and Spencer.
48. By virtue of the postings on the internet, the defamatory statements were
published by MacLeod and Wallace.
49. The postings by MacLeod and Wallace have caused third parties to stop dealing
with Geckosystems and Spencer.
50. The postings by MacLeod and Wallace have lowered the defendants standing,
goodwill, confidence and esteem in the business community.
II. TORTIOUS INTERFERENCE WITH BUSINESS
51. The defendant re-alleges and incorporates by reference the information contained
in paragraphs 1-50 above.
52. MacLeod, in concert with Wallace has tortiously interfered with the business of
the defendants by:
a. defamatory postings on various websites, denying defendants the
reasonable probability of business opportunities;
b. intentional defamatory postings on various websites, interfering with
business opportunities available to the defendants;
53. As a result of the conduct of MacLeod, and Wallace, they have proximately
caused losses to the defendants.
54. The damage inflicted by MacLeod and Wallace onto the defendants is likely in
the millions of dollars.
WHEREFORE, the defendants seeks special, consequential, compensatory and punitive
damages against the plaintiff, along with attorney’s fees, costs, pre and post judgment interest
and any other relief that the Court deems just and appropriate.
Looks like others --besides GOSY-- are standing up to Wallace's disreputable and UNETHICAL business practices:
Recall that Neil Tyler (Tyrone?) Wallace is president and majority stockholder in Combustion Products Management, Inc.
Don't you agree?CL01000646-00 Defendant: COMBUSTION PRODUCTS MANAGE. Plaintiff: I.E.T. LLC Purged After 3 Years
CL02001468-00 Defendant: COMBUSTION PRODUCTS MANAGEMENT Plaintiff: I E T, LLC Active
CL02001469-00 Defendant: COMBUSTION PRODUCTS MANAGEMENT Plaintiff: I E T; LLC Active
CL12000475-00 Defendant: COMBUSTION PRODUCTS MANAGEMENT Plaintiff: FENTRESS FAMILIES TRUST Active
CL12000476-00 Defendant: COMBUSTION PRODUCTS MGMT VA LLC Plaintiff: SEARS, DARRYL Active
CL01000598-00 Defendant: COMBUSTION PRODUCTS MGMT INC Plaintiff: I.E.T. LLC Default Judgment
CL09000710-00 Defendant: COMBUSTION PRODUCTS MGMT INC Plaintiff: FENTRESS FAMILIES TRUST Active
CL09001914-00 Defendant: COMBUSTION PRODUCTS MGMT INC Plaintiff: SEARS, DARRYL Active
CL12000476-00 Defendant: COMBUSTION PRODUCTS MGMT INC Plaintiff: SEARS, DARRYL Active
41. MacLeod, individually and, upon information and belief, with Neil T. Wallace
(with who he allegedly shares an address in Virginia and have both filed similar suits, at the
same time, against defendants) have engaged in a concerted malicious and defamatory attack on
defendants, (redacted)
42. MacLeod has posted over 700 separate disparaging, defamatory, negative
utterances about Geckosystems and defendant R. Martin Spencer, in particular about the
company’s technology and Spencer personally.
44. The negative and defamatory comments by MacLeod have caused the loss of
capitalization of the company of approximately 62%, resulting in the loss of millions of dollars.
Spencer’s stock holdings alone have sustained a loss of millions of dollars due to the postings by
MacLeod and Wallace.
45. MacLeod’s defamatory attacks are false and have injured the reputation of
Spencer and Geckosystems as detailed in paragraph 44 above.
46. The postings by MacLeod and Wallace were done in concert with each other and
with the specific intent to harm and ultimately destroy Geckosystems and Spencer.
47. The postings by MacLeod and Wallace caused one major investor to dump his
stock, further harming Geckosystems and Spencer.
48. By virtue of the postings on the internet, the defamatory statements were
published by MacLeod and Wallace.
49. The postings by MacLeod and Wallace have caused third parties to stop dealing
with Geckosystems and Spencer.
50. The postings by MacLeod and Wallace have lowered the defendants standing,
goodwill, confidence and esteem in the business community.
II. TORTIOUS INTERFERENCE WITH BUSINESS
51. The defendant re-alleges and incorporates by reference the information contained
in paragraphs 1-50 above.
52. MacLeod, in concert with Wallace has tortiously interfered with the business of
the defendants by:
a. defamatory postings on various websites, denying defendants the
reasonable probability of business opportunities;
b. intentional defamatory postings on various websites, interfering with
business opportunities available to the defendants;
53. As a result of the conduct of MacLeod, and Wallace, they have proximately
caused losses to the defendants.
54. The damage inflicted by MacLeod and Wallace onto the defendants is likely in
the millions of dollars.
WHEREFORE, the defendants seeks special, consequential, compensatory and punitive
damages against the plaintiff, along with attorney’s fees, costs, pre and post judgment interest
and any other relief that the Court deems just and appropriate.
Rumors are swirling that Macleod and Wallace will be meeting soon to develop a business plan for GOSY after Spencer is extradited to VA. Since it's likely Spencer will be found to not be mentally competent to stand trial, he should be institutionalize to receive the treatment and medication he needs so badly. In order to protect the SHs, a real business plan will need to be ready to go at that point. IMO, of course. While marty will no doubt look to his part time secretary to run the business, I'm guessing SHs will demand a real CEO. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74687624
In the dark diseased mind of Neil Wallace harassment of GeckoSystems and those associated it is one of his few pleasures. Somehow it makes him feel important.
His delusional mind sees his default judgement as a great legal victory while ignoring the fact that he screwed up a simple garnishment.
Wallace actually believes the rules of legal ethics and due process don't apply to him, somehow he is "special".
Everyone who opposes him has to be "crazy".
Welcome to the Weird World of Wallace.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74680640
GOSY SEEKS WALLACE & MACLEOD ARRESTS...
From http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74695340
Welcome to spencerland.
Welcome to the Weird World of Wallace.
Wallace speaks out of both sides of his mouth depending on the circumstances. Here are some examples regarding the fly ash debacle:
Here he says it is not harmful to breath:
"We didn't wear masks, we didn't wear protective clothing because there is not health hazard. Its my view, my belief that there is nothing hazardous here, there is no threat of contamination, I'm happy to drink the tap water."
http://www.wtkr.com/news/wtkr-coal-ash-builder,0,4969204.story
Now he is suing for $10 million because he did breath the fly ash and it supposedly caused his kidney cancer.
Going to be a very difficult case for his lawyer since Wallace has always defended fly ash as completely safe for humans and the environment. Presently Wallace's company has a contract to build 3 more golf courses using fly ash. Unbelievable!!
http://hamptonroads.com/2012/02/work-flyash-course-caused-cancer-lawsuit-alleges
Ignore the $25k in revenues and $8 million in losses over the last decade+
Ignore the shares given away to promoters and relatives, even though they exceed the number of shares in the float.
Ignore the many PRs and news "stories" that have all resulted in nothing over the past decade.
Ignore the arrest warrant for the company's CEO.
Ignore the recent paid promotions for the stock that caused the price to fall.
Ignore the fact that the company now owes $100k to 2 individuals who sued and won.
Ignore the fact that the senior robotics employee had most of his stock taken back when he left (or was terminated) last year, despite the filings showing him as a 5%+ owner.
Ignore the fact that the ceo (roger) and his wife (elaine) have been given majority control of the company - by roger.
Ignore the nearly $1 million in net liabilities on the company's balance sheet.
Focus on the activities (unrelated to GOSY) of 2 employees and their families, despite the fact that they haven't worked for the company for years.
Ignorance is bliss as they say, at least in spencerland.
Too funny.
In the dark diseased mind of Neil Wallace harassment of GeckoSystems and those associated it is one of his few pleasures. Somehow it makes him feel important.
His delusional mind sees his default judgement as a great legal victory while ignoring the fact that he screwed up a simple garnishment.
Wallace actually believes the rules of legal ethics and due process don't apply to him, somehow he is "special".
Everyone who opposes him has to be "crazy".
Welcome to the Weird World of Wallace.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74680640
41. MacLeod, individually and, upon information and belief, with Neil T. Wallace
(with who he allegedly shares an address in Virginia and have both filed similar suits, at the
same time, against defendants) have engaged in a concerted malicious and defamatory attack on
defendants, (redacted)
42. MacLeod has posted over 700 separate disparaging, defamatory, negative
utterances about Geckosystems and defendant R. Martin Spencer, in particular about the
company’s technology and Spencer personally.
44. The negative and defamatory comments by MacLeod have caused the loss of
capitalization of the company of approximately 62%, resulting in the loss of millions of dollars.
Spencer’s stock holdings alone have sustained a loss of millions of dollars due to the postings by
MacLeod and Wallace.
45. MacLeod’s defamatory attacks are false and have injured the reputation of
Spencer and Geckosystems as detailed in paragraph 44 above.
46. The postings by MacLeod and Wallace were done in concert with each other and
with the specific intent to harm and ultimately destroy Geckosystems and Spencer.
47. The postings by MacLeod and Wallace caused one major investor to dump his
stock, further harming Geckosystems and Spencer.
48. By virtue of the postings on the internet, the defamatory statements were
published by MacLeod and Wallace.
49. The postings by MacLeod and Wallace have caused third parties to stop dealing
with Geckosystems and Spencer.
50. The postings by MacLeod and Wallace have lowered the defendants standing,
goodwill, confidence and esteem in the business community.
II. TORTIOUS INTERFERENCE WITH BUSINESS
51. The defendant re-alleges and incorporates by reference the information contained
in paragraphs 1-50 above.
52. MacLeod, in concert with Wallace has tortiously interfered with the business of
the defendants by:
a. defamatory postings on various websites, denying defendants the
reasonable probability of business opportunities;
b. intentional defamatory postings on various websites, interfering with
business opportunities available to the defendants;
53. As a result of the conduct of MacLeod, and Wallace, they have proximately
caused losses to the defendants.
54. The damage inflicted by MacLeod and Wallace onto the defendants is likely in
the millions of dollars.
WHEREFORE, the defendants seeks special, consequential, compensatory and punitive
damages against the plaintiff, along with attorney’s fees, costs, pre and post judgment interest
and any other relief that the Court deems just and appropriate.
Looks like others --besides GOSY-- are standing up to Wallace's disreputable and UNETHICAL business practices:
Recall that Neil Tyler (Tyrone?) Wallace is president and majority stockholder in Combustion Products Management, Inc.
Don't you agree?CL01000646-00 Defendant: COMBUSTION PRODUCTS MANAGE. Plaintiff: I.E.T. LLC Purged After 3 Years
CL02001468-00 Defendant: COMBUSTION PRODUCTS MANAGEMENT Plaintiff: I E T, LLC Active
CL02001469-00 Defendant: COMBUSTION PRODUCTS MANAGEMENT Plaintiff: I E T; LLC Active
CL12000475-00 Defendant: COMBUSTION PRODUCTS MANAGEMENT Plaintiff: FENTRESS FAMILIES TRUST Active
CL12000476-00 Defendant: COMBUSTION PRODUCTS MGMT VA LLC Plaintiff: SEARS, DARRYL Active
CL01000598-00 Defendant: COMBUSTION PRODUCTS MGMT INC Plaintiff: I.E.T. LLC Default Judgment
CL09000710-00 Defendant: COMBUSTION PRODUCTS MGMT INC Plaintiff: FENTRESS FAMILIES TRUST Active
CL09001914-00 Defendant: COMBUSTION PRODUCTS MGMT INC Plaintiff: SEARS, DARRYL Active
CL12000476-00 Defendant: COMBUSTION PRODUCTS MGMT INC Plaintiff: SEARS, DARRYL Active
41. MacLeod, individually and, upon information and belief, with Neil T. Wallace
(with who he allegedly shares an address in Virginia and have both filed similar suits, at the
same time, against defendants) have engaged in a concerted malicious and defamatory attack on
defendants, (redacted)
42. MacLeod has posted over 700 separate disparaging, defamatory, negative
utterances about Geckosystems and defendant R. Martin Spencer, in particular about the
company’s technology and Spencer personally.
44. The negative and defamatory comments by MacLeod have caused the loss of
capitalization of the company of approximately 62%, resulting in the loss of millions of dollars.
Spencer’s stock holdings alone have sustained a loss of millions of dollars due to the postings by
MacLeod and Wallace.
45. MacLeod’s defamatory attacks are false and have injured the reputation of
Spencer and Geckosystems as detailed in paragraph 44 above.
46. The postings by MacLeod and Wallace were done in concert with each other and
with the specific intent to harm and ultimately destroy Geckosystems and Spencer.
47. The postings by MacLeod and Wallace caused one major investor to dump his
stock, further harming Geckosystems and Spencer.
48. By virtue of the postings on the internet, the defamatory statements were
published by MacLeod and Wallace.
49. The postings by MacLeod and Wallace have caused third parties to stop dealing
with Geckosystems and Spencer.
50. The postings by MacLeod and Wallace have lowered the defendants standing,
goodwill, confidence and esteem in the business community.
II. TORTIOUS INTERFERENCE WITH BUSINESS
51. The defendant re-alleges and incorporates by reference the information contained
in paragraphs 1-50 above.
52. MacLeod, in concert with Wallace has tortiously interfered with the business of
the defendants by:
a. defamatory postings on various websites, denying defendants the
reasonable probability of business opportunities;
b. intentional defamatory postings on various websites, interfering with
business opportunities available to the defendants;
53. As a result of the conduct of MacLeod, and Wallace, they have proximately
caused losses to the defendants.
54. The damage inflicted by MacLeod and Wallace onto the defendants is likely in
the millions of dollars.
WHEREFORE, the defendants seeks special, consequential, compensatory and punitive
damages against the plaintiff, along with attorney’s fees, costs, pre and post judgment interest
and any other relief that the Court deems just and appropriate.
Rumors are swirling that Macleod and Wallace will be meeting soon to develop a business plan for GOSY after Spencer is extradited to VA. Since it's likely Spencer will be found to not be mentally competent to stand trial, he should be institutionalize to receive the treatment and medication he needs so badly. In order to protect the SHs, a real business plan will need to be ready to go at that point. IMO, of course. While marty will no doubt look to his part time secretary to run the business, I'm guessing SHs will demand a real CEO. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74687624
In the dark diseased mind of Neil Wallace harassment of GeckoSystems and those associated it is one of his few pleasures. Somehow it makes him feel important.
His delusional mind sees his default judgement as a great legal victory while ignoring the fact that he screwed up a simple garnishment.
Wallace actually believes the rules of legal ethics and due process don't apply to him, somehow he is "special".
Everyone who opposes him has to be "crazy".
Welcome to the Weird World of Wallace.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74680640
GOSY SEEKS WALLACE & MACLEOD ARRESTS...
For:
1. "Intentional infliction of emotional distress"
Please note that this practice of sadism is actionable under Commonwealth of Virginia as "USE OF COMPUTER FOR HARRASSMENT." This is the law that Neil T. Wallace used to FALSELY accuse GOSY's CEO to secure a warrant for his arrest. If Wallace can attain such against Spencer with NO proof, then GOSY can attain the same against Wallace and MacLeod for their actitivities.
2. "Tortitous interference with business"
AKA "criminal RICO" can be utilized here and warrants issued for the arrests of Neil T. Wallace and George I. MacLeod.
3. "Defamation of character"
While not a criminal offense, is nonetheless egregious.
http://www.otcmarkets.com/stock/GOSY/financials
41. MacLeod, individually and, upon information and belief, with Neil T. Wallace
(with who he allegedly shares an address in Virginia and have both filed similar suits, at the
same time, against defendants) have engaged in a concerted malicious and defamatory attack on
defendants, (redacted)
42. MacLeod has posted over 700 separate disparaging, defamatory, negative
utterances about Geckosystems and defendant R. Martin Spencer, in particular about the
company’s technology and Spencer personally.
44. The negative and defamatory comments by MacLeod have caused the loss of
capitalization of the company of approximately 62%, resulting in the loss of millions of dollars.
Spencer’s stock holdings alone have sustained a loss of millions of dollars due to the postings by
MacLeod and Wallace.
45. MacLeod’s defamatory attacks are false and have injured the reputation of
Spencer and Geckosystems as detailed in paragraph 44 above.
46. The postings by MacLeod and Wallace were done in concert with each other and
with the specific intent to harm and ultimately destroy Geckosystems and Spencer.
47. The postings by MacLeod and Wallace caused one major investor to dump his
stock, further harming Geckosystems and Spencer.
48. By virtue of the postings on the internet, the defamatory statements were
published by MacLeod and Wallace.
49. The postings by MacLeod and Wallace have caused third parties to stop dealing
with Geckosystems and Spencer.
50. The postings by MacLeod and Wallace have lowered the defendants standing,
goodwill, confidence and esteem in the business community.
II. TORTIOUS INTERFERENCE WITH BUSINESS
51. The defendant re-alleges and incorporates by reference the information contained
in paragraphs 1-50 above.
52. MacLeod, in concert with Wallace has tortiously interfered with the business of
the defendants by:
a. defamatory postings on various websites, denying defendants the
reasonable probability of business opportunities;
b. intentional defamatory postings on various websites, interfering with
business opportunities available to the defendants;
53. As a result of the conduct of MacLeod, and Wallace, they have proximately
caused losses to the defendants.
54. The damage inflicted by MacLeod and Wallace onto the defendants is likely in
the millions of dollars.
WHEREFORE, the defendants seeks special, consequential, compensatory and punitive
damages against the plaintiff, along with attorney’s fees, costs, pre and post judgment interest
and any other relief that the Court deems just and appropriate.
Looks like others --besides GOSY-- are standing up to Wallace's disreputable business practices:
Don't you agree?CL01000646-00 Defendant: COMBUSTION PRODUCTS MANAGE. Plaintiff: I.E.T. LLC Purged After 3 Years
CL02001468-00 Defendant: COMBUSTION PRODUCTS MANAGEMENT Plaintiff: I E T, LLC Active
CL02001469-00 Defendant: COMBUSTION PRODUCTS MANAGEMENT Plaintiff: I E T; LLC Active
CL12000475-00 Defendant: COMBUSTION PRODUCTS MANAGEMENT Plaintiff: FENTRESS FAMILIES TRUST Active
CL12000476-00 Defendant: COMBUSTION PRODUCTS MGMT VA LL Plaintiff: SEARS, DARRYL Active
CL01000598-00 Defendant: COMBUSTION PRODUCTS MGMT INC Plaintiff: I.E.T. LLC Default Judgment
CL09000710-00 Defendant: COMBUSTION PRODUCTS MGMT INC Plaintiff: FENTRESS FAMILIES TRUST Active
CL09001914-00 Defendant: COMBUSTION PRODUCTS MGMT INC Plaintiff: SEARS, DARRYL Active
CL12000476-00 Defendant: COMBUSTION PRODUCTS MGMT INC Plaintiff: SEARS, DARRYL Active
41. MacLeod, individually and, upon information and belief, with Neil T. Wallace
(with who he allegedly shares an address in Virginia and have both filed similar suits, at the
same time, against defendants) have engaged in a concerted malicious and defamatory attack on
defendants, (redacted)
42. MacLeod has posted over 700 separate disparaging, defamatory, negative
utterances about Geckosystems and defendant R. Martin Spencer, in particular about the
company’s technology and Spencer personally.
44. The negative and defamatory comments by MacLeod have caused the loss of
capitalization of the company of approximately 62%, resulting in the loss of millions of dollars.
Spencer’s stock holdings alone have sustained a loss of millions of dollars due to the postings by
MacLeod and Wallace.
45. MacLeod’s defamatory attacks are false and have injured the reputation of
Spencer and Geckosystems as detailed in paragraph 44 above.
46. The postings by MacLeod and Wallace were done in concert with each other and
with the specific intent to harm and ultimately destroy Geckosystems and Spencer.
47. The postings by MacLeod and Wallace caused one major investor to dump his
stock, further harming Geckosystems and Spencer.
48. By virtue of the postings on the internet, the defamatory statements were
published by MacLeod and Wallace.
49. The postings by MacLeod and Wallace have caused third parties to stop dealing
with Geckosystems and Spencer.
50. The postings by MacLeod and Wallace have lowered the defendants standing,
goodwill, confidence and esteem in the business community.
II. TORTIOUS INTERFERENCE WITH BUSINESS
51. The defendant re-alleges and incorporates by reference the information contained
in paragraphs 1-50 above.
52. MacLeod, in concert with Wallace has tortiously interfered with the business of
the defendants by:
a. defamatory postings on various websites, denying defendants the
reasonable probability of business opportunities;
b. intentional defamatory postings on various websites, interfering with
business opportunities available to the defendants;
53. As a result of the conduct of MacLeod, and Wallace, they have proximately
caused losses to the defendants.
54. The damage inflicted by MacLeod and Wallace onto the defendants is likely in
the millions of dollars.
WHEREFORE, the defendants seeks special, consequential, compensatory and punitive
damages against the plaintiff, along with attorney’s fees, costs, pre and post judgment interest
and any other relief that the Court deems just and appropriate.
GOSY SEEKS WALLACE & MACLEOD ARRESTS...
For:
1. "Intentional infliction of emotional distress"
Please note that this practice of sadism is actionable under Commonwealth of Virginia as "USE OF COMPUTER FOR HARRASSMENT." This is the law that Neil T. Wallace used to FALSELY accuse GOSY's CEO to secure a warrant for his arrest. If Wallace can attain such against Spencer with NO proof, then GOSY can attain the same against Wallace and MacLeod for their actitivities.
2. "Tortitous interference with business"
AKA "criminal RICO" can be utilized here and warrants issued for the arrests of Neil T. Wallace and George I. MacLeod.
3. "Defamation of character"
While not a criminal offense, is nonetheless egregious.
http://www.otcmarkets.com/stock/GOSY/financials
41. MacLeod, individually and, upon information and belief, with Neil T. Wallace
(with who he allegedly shares an address in Virginia and have both filed similar suits, at the
same time, against defendants) have engaged in a concerted malicious and defamatory attack on
defendants, (redacted)
42. MacLeod has posted over 700 separate disparaging, defamatory, negative
utterances about Geckosystems and defendant R. Martin Spencer, in particular about the
company’s technology and Spencer personally.
44. The negative and defamatory comments by MacLeod have caused the loss of
capitalization of the company of approximately 62%, resulting in the loss of millions of dollars.
Spencer’s stock holdings alone have sustained a loss of millions of dollars due to the postings by
MacLeod and Wallace.
45. MacLeod’s defamatory attacks are false and have injured the reputation of
Spencer and Geckosystems as detailed in paragraph 44 above.
46. The postings by MacLeod and Wallace were done in concert with each other and
with the specific intent to harm and ultimately destroy Geckosystems and Spencer.
47. The postings by MacLeod and Wallace caused one major investor to dump his
stock, further harming Geckosystems and Spencer.
48. By virtue of the postings on the internet, the defamatory statements were
published by MacLeod and Wallace.
49. The postings by MacLeod and Wallace have caused third parties to stop dealing
with Geckosystems and Spencer.
50. The postings by MacLeod and Wallace have lowered the defendants standing,
goodwill, confidence and esteem in the business community.
II. TORTIOUS INTERFERENCE WITH BUSINESS
51. The defendant re-alleges and incorporates by reference the information contained
in paragraphs 1-50 above.
52. MacLeod, in concert with Wallace has tortiously interfered with the business of
the defendants by:
a. defamatory postings on various websites, denying defendants the
reasonable probability of business opportunities;
b. intentional defamatory postings on various websites, interfering with
business opportunities available to the defendants;
53. As a result of the conduct of MacLeod, and Wallace, they have proximately
caused losses to the defendants.
54. The damage inflicted by MacLeod and Wallace onto the defendants is likely in
the millions of dollars.
WHEREFORE, the defendants seeks special, consequential, compensatory and punitive
damages against the plaintiff, along with attorney’s fees, costs, pre and post judgment interest
and any other relief that the Court deems just and appropriate.
Looks like others --besides GOSY-- are standing up to Wallace's disreputable business practices:
Don't you agree?CL01000646-00 Defendant: COMBUSTION PRODUCTS MANAGE. Plaintiff: I.E.T. LLC Purged After 3 Years
CL02001468-00 Defendant: COMBUSTION PRODUCTS MANAGEMENT Plaintiff: I E T, LLC Active
CL02001469-00 Defendant: COMBUSTION PRODUCTS MANAGEMENT Plaintiff: I E T; LLC Active
CL12000475-00 Defendant: COMBUSTION PRODUCTS MANAGEMENT Plaintiff: FENTRESS FAMILIES TRUST Active
CL12000476-00 Defendant: COMBUSTION PRODUCTS MGMT VA LL Plaintiff: SEARS, DARRYL Active
CL01000598-00 Defendant: COMBUSTION PRODUCTS MGMT INC Plaintiff: I.E.T. LLC Default Judgment
CL09000710-00 Defendant: COMBUSTION PRODUCTS MGMT INC Plaintiff: FENTRESS FAMILIES TRUST Active
CL09001914-00 Defendant: COMBUSTION PRODUCTS MGMT INC Plaintiff: SEARS, DARRYL Active
CL12000476-00 Defendant: COMBUSTION PRODUCTS MGMT INC Plaintiff: SEARS, DARRYL Active
GOSY SEEKS WALLACE & MACLEOD ARRESTS...
For:
1. "Intentional infliction of emotional distress"
Please note that this practice of sadism is actionable under Commonwealth of Virginia as "USE OF COMPUTER FOR HARRASSMENT." This is the law that Neil T. Wallace used to FALSELY accuse GOSY's CEO to secure a warrant for his arrest. If Wallace can attain such against Spencer with NO proof, then GOSY can attain the same against Wallace and MacLeod for their actitivities.
2. "Tortitous interference with business"
AKA "criminal RICO" can be utilized here and warrants issued for the arrests of Neil T. Wallace and George I. MacLeod.
3. "Defamation of character"
While not a criminal offense, is nonetheless egregious.
http://www.otcmarkets.com/stock/GOSY/financials
41. MacLeod, individually and, upon information and belief, with Neil T. Wallace
(with who he allegedly shares an address in Virginia and have both filed similar suits, at the
same time, against defendants) have engaged in a concerted malicious and defamatory attack on
defendants, (redacted)
42. MacLeod has posted over 700 separate disparaging, defamatory, negative
utterances about Geckosystems and defendant R. Martin Spencer, in particular about the
company’s technology and Spencer personally.
44. The negative and defamatory comments by MacLeod have caused the loss of
capitalization of the company of approximately 62%, resulting in the loss of millions of dollars.
Spencer’s stock holdings alone have sustained a loss of millions of dollars due to the postings by
MacLeod and Wallace.
45. MacLeod’s defamatory attacks are false and have injured the reputation of
Spencer and Geckosystems as detailed in paragraph 44 above.
46. The postings by MacLeod and Wallace were done in concert with each other and
with the specific intent to harm and ultimately destroy Geckosystems and Spencer.
47. The postings by MacLeod and Wallace caused one major investor to dump his
stock, further harming Geckosystems and Spencer.
48. By virtue of the postings on the internet, the defamatory statements were
published by MacLeod and Wallace.
49. The postings by MacLeod and Wallace have caused third parties to stop dealing
with Geckosystems and Spencer.
50. The postings by MacLeod and Wallace have lowered the defendants standing,
goodwill, confidence and esteem in the business community.
II. TORTIOUS INTERFERENCE WITH BUSINESS
51. The defendant re-alleges and incorporates by reference the information contained
in paragraphs 1-50 above.
52. MacLeod, in concert with Wallace has tortiously interfered with the business of
the defendants by:
a. defamatory postings on various websites, denying defendants the
reasonable probability of business opportunities;
b. intentional defamatory postings on various websites, interfering with
business opportunities available to the defendants;
53. As a result of the conduct of MacLeod, and Wallace, they have proximately
caused losses to the defendants.
54. The damage inflicted by MacLeod and Wallace onto the defendants is likely in
the millions of dollars.
WHEREFORE, the defendants seeks special, consequential, compensatory and punitive
damages against the plaintiff, along with attorney’s fees, costs, pre and post judgment interest
and any other relief that the Court deems just and appropriate.
GOSY SEEKS WALLACE & MACLEOD ARRESTS...
For:
1. "intentional infliction of emotional distress"
2. "tortitous interference with business"
3. "defamation of character"
http://www.otcmarkets.com/stock/GOSY/financials
41. MacLeod, individually and, upon information and belief, with Neil T. Wallace
(with who he allegedly shares an address in Virginia and have both filed similar suits, at the
same time, against defendants) have engaged in a concerted malicious and defamatory attack on
defendants, (redacted)
42. MacLeod has posted over 700 separate disparaging, defamatory, negative
utterances about Geckosystems and defendant R. Martin Spencer, in particular about the
company’s technology and Spencer personally.
44. The negative and defamatory comments by MacLeod have caused the loss of
capitalization of the company of approximately 62%, resulting in the loss of millions of dollars.
Spencer’s stock holdings alone have sustained a loss of millions of dollars due to the postings by
MacLeod and Wallace.
45. MacLeod’s defamatory attacks are false and have injured the reputation of
Spencer and Geckosystems as detailed in paragraph 44 above.
46. The postings by MacLeod and Wallace were done in concert with each other and
with the specific intent to harm and ultimately destroy Geckosystems and Spencer.
47. The postings by MacLeod and Wallace caused one major investor to dump his
stock, further harming Geckosystems and Spencer.
48. By virtue of the postings on the internet, the defamatory statements were
published by MacLeod and Wallace.
49. The postings by MacLeod and Wallace have caused third parties to stop dealing
with Geckosystems and Spencer.
50. The postings by MacLeod and Wallace have lowered the defendants standing,
goodwill, confidence and esteem in the business community.
II. TORTIOUS INTERFERENCE WITH BUSINESS
51. The defendant re-alleges and incorporates by reference the information contained
in paragraphs 1-50 above.
52. MacLeod, in concert with Wallace has tortiously interfered with the business of
the defendants by:
a. defamatory postings on various websites, denying defendants the
reasonable probability of business opportunities;
b. intentional defamatory postings on various websites, interfering with
business opportunities available to the defendants;
53. As a result of the conduct of MacLeod, and Wallace, they have proximately
caused losses to the defendants.
54. The damage inflicted by MacLeod and Wallace onto the defendants is likely in
the millions of dollars.
WHEREFORE, the defendants seeks special, consequential, compensatory and punitive
damages against the plaintiff, along with attorney’s fees, costs, pre and post judgment interest
and any other relief that the Court deems just and appropriate.
Is GOSY poised?
YES!
http://www.entrepreneur.com/article/200678
10 Sectors Poised for Growth
It sounds like a joke, given all the news, but some sectors are growing.
BY Mark Henricks | March 12, 2009|
As the overall economy loafs in the doldrums, a few sectors are actually growing--some at impressive paces. Here are 10, ranging from nationwide to niche, that offer more opportunity than most.
Services: This sector, which makes up more than half the total U.S. economy, is on the rise, as indicated by the increase in the ISM Nonmanufacturing Index from November's all-time low of 37.6 percent to December's 40.3 percent.
Discount stores: Low prices are leading to higher sales for the nation's discounters. Shares in the likes of Family Dollar and Wal-Mart have risen about as fast as the rest of the stock market has fallen over the past year, reflecting increased earnings and better-than-average prospects.
Fast food: Quick-service restaurants such as McDonald's--where monthly sales rose nearly 8 percent in November--are looking better and better to cash-strapped consumers choosing them over pricier casual eateries.
Secondhand goods: Pre-owned is fine to consumers looking for a deal, as shown by a 19 percent earnings increase for Winmark Corp. in last year's otherwise dreary third quarter for retailers.
Medical office buildings: A growing market in real estate? You bet, according to PricewaterhouseCoopers, which sees an aging population's health-care needs fueling demand for medical office buildings, especially out West.
Netbooks: Ten million of these tiny notebook computers, priced between $300 and $500, were sold last year, up from hundreds of thousands in 2007. New models that boot faster and run longer on batteries could boost sales further.
Education and health services: The U.S. Bureau of Labor Statistics has projected that employment in these sectors will grow more than any other, adding nearly 5.5 million jobs from 2006 to 2016.
Social networking: Just four months after enrolling its 100 millionth user, Facebook reached 150 million users in January. At that rate, it could top 200 million as you read this.
3-D: Once derided as a goofy gimmick, 3-D pictures are technologically much improved, and content is expanding rapidly. This year's BCS Championship football game was broadcast in 3-D--a first.
Savings: U.S. personal savings as a percent of disposable income rose from 0 percent in early 2008 to 2.8 percent by year-end. Sales of related goods, from home safes to piggy banks, are also up.
Can you name a CEO who would hire an employee and not pay him?
How about one who would flaunt 2 court judgments against the company and put the entire public company at risk?
Or one who would take back most of the stock he had already reported his key employee as owning when the employee left?
I can only think of 1.
GOSY is a REAL BUSINESS!
From the GOSY Semi-Annual Report
www.otcmarkets.com/financialReportViewer?symbol=GOSY&id=71413
349,434,996 shares of common stock issued and outstanding;
5,100 shares of preferred stock issued and outstanding;
825,000,000 common shares authorized and 5,100 preferred stock
authorized with 207,051,205 shares in the public float;
Common share equivalents (common + convertible preferred if converted):
roger
(CEO)
- 253,710,745
elaine
(CEO's wife)
- 190,859,156
Total CSE's held by CEO & Wife
- 444,569,901
Total O/S (if all preferred shares converted) - 705,999,996
Major shares Issued, Last 3 years, CEO & wife
roger
253 million*, plus 209 million CSEs through preferred.
elaine
230 million*, plus 154 million CSEs through preferred.
*some shares subsequently sold back to company/exchanged for preferred.
Purchases of Equity Securities by the Issuer and Affiliated Purchasers.
Two officers and one former officer sold and/or returned stock to the company under
favorable terms resulting in defacto buybacks. R. Martin Spencer exchanged 100,000,000
shares at the par value of $.001 for a promissory note. Elaine G. Spencer exchanged
85,000,000 shares at the par value of $.001 for a promissory note. Mark B. Peele, due to
not fulfilling his stock vesting requirement, returned 70,765,000 shares. As a result of a
lawsuit settlement with ProDec Networks Ltd. in 2009, 125,000 shares originally
purchased by ProDec, were also returned to the Company treasury. The total number of
shares for all these transactions returned to the Company treasury was 255,890,000.
The Corporation has two classes of shares: Common voting shares and Class A Preferred
Convertible shares with super-voting rights. Each Class A Preferred Convertible share is
a super-vote calculated at the rate of 71,313 common shares to 1 preferred share. Class A
shares may be converted to common shares and will be paid dividends using the same
methodology used to calculate super-votes.
Using that methodology, in December 2011 R. Martin Spencer exchanged 209,463,036
common shares for 2,937 preferred shares. Elaine G. Spencer exchanged 154,234,613
common shares for 2,163 preferred shares.
Major shares Issued, Last 3 years, Non 5% shareholders
Paul Spencer - 82.25 million
Noah Clark Jr. - 106.5 million
David Jimenez - 44.5 million
Paul Spencer: 40,471,970 shares for Debt Conversion
Noah Clark, Jr.: 39,000,000 shares for Debt Conversion
Total to 3 non-5% owners - 233.25 million
Float is 207 million.
More shares have been issued to 3, non-5% owners, for "services" (likely stock promotion)
and "debt repayment" (no debt on books)
than are in the ENTIRE FLOAT. Those shares represent 2/3 of the current O/S (349 million),
yet none of the 3 have EVER been listed as 5% owners. That suggests none of the 3 held more than 17 million shares on 12/31/11.
Significant debt reduction achieved of over 30%
We converted $400,000 of Accrued Liabilities (which includes all current and long term debt to be ultra
conservative in the application of FASB's GAAP) to Rule 144 restricted stock at a premium to market.
Essentially the Spencers reduced their percentage ownership of GeckoSystems stock dramatically.
Originally they had sold their stock early this past year for promissory notes at the par value of $.001 per
share. They converted all that debt back to stock at a higher price (premium to market), resulting in their
holding fewer overall shares than previously, i.e. before December 31, 2010. This transaction resulted in
an increase in shareholder value for all.
Significant stock reduction, again
Despite some debt conversions to equity, as continued demonstration of our goal to increase stockholder
value, we initiated and consummated three share buybacks since December 31, 2010, resulting in
reduction of issued and outstanding by over 30% or over 250,000,000 shares. This reduced the issued and
outstanding to 466,160,675 as of June 30, 2011.
As further confirmation of the co-founders of GeckoSystems, the Spencers, determination to grow
stockholder value, they converted their previous 60+% of all issued and outstanding shares to less than
25%, and in so doing reduced all issued and outstanding shares by more than 25%. As of this date,
GeckoSystems has 349,620,506 total shares issued and outstanding for a total reduction since June 30
of 116,720,579 shares.
Revenues since inception - $22,328
Losses since inception- $8,166,953
Research and development: $4,518,947 (Cumulative during the Development Stage)
Cash., EOY 2011 - $4,947
Inventory EOY'11 - $106,024
Current liabilities., - $965,289
Real business or means of employing the CEO, his wife and a few stock promoters? You decide.
The following two transactions took place during the last reporting period for the
Company:
• R. Martin Spencer sold 100 million (100,000,000) of his Rule 144 shares back to
the Company at par value ($0.001) for a promissory note for $100,000 plus
interest;
• Elaine G. Spencer sold 85 million (85,000,000) of her Rule 144 shares
back to the Company at par value ($0.001) for a promissory note for
$85,000 plus interest.
The following transactions took place during the current reporting period for the
Company:
• R. Martin Spencer converted the $100,000 promissory note for
10,000,000 shares at $.01 per share. The interest due to date was forgiven.
• Elaine G. Spencer converted the $85,000 promissory note for 8,500,000
shares at $.01 per share. The interest due to date was forgiven.
GeckoSystems' Service Robot, the CareBot(tm), Addresses Care Giver Shortage for Japanese Elderly
Yahoo addresses multi-billion dollar Japanese market
CONYERS, GA, April 17, 2012 -- GeckoSystems Intl. Corp. (Pink Sheets: GOSY | http://www.geckosystems.com/) -- announced today that they applaud multi-national electronics giant Panasonic's recognition of the need for utilitarian mobile service robots to assist Japan's rapidly growing elderly population.
"Japan's elderly drive demand for care-giving robots"
http://news.yahoo.com/japans-elderly-drive-demand-care-giving-robots-144510124.html
GeckoSystems has successfully completed Alpha trials of its CareBot personal assistance robot for the elderly. It was tested in home care settings and received enthusiastic support from both caregivers and care receivers. The company believes that the CareBot will increase the safety and well-being the elderly world wide, relieving stress on the care giving family and government welfare institutions.
GeckoSystems is preparing for Beta testing of the CareBot prior to full-scale production and marketing. The CareBot has recently incorporated Microsoft Kinect depth cameras that result in a significant cost reduction.
Footage from the CareBot Elder Care Alpha Trial
http://www.youtube.com/watch?v=xxK46chfP6A
Above, the CareBot demonstrates static and dynamic obstacle avoidance as it backs in and out of a narrow and cluttered alley. Unlike most of the developmental stage robots backed my major corporatons, there is no joystick control or programmed path. GeckoNav(tm) uses Artificial Intelligence (AI) to create three low levels of obstacle avoidance: reactive, proactive, and contemplative. Subsumptive AI behavior enables the CareBot to reach its target destination after engaging in obstacle avoidance. GeckoSystems plans to provide robotic products for many consumer and commercial applications including security, defense and healthcare.
Kinect Enabled Personal Robot video:
http://www.youtube.com/watch?v=kn93BS44Das
About the CareBot(tm):
The CareBot has proven to be ideal for the Personal Assistance market (care for children, chronically ill, and the elderly) which has been chronicled in articles from Psychology Today (http://www.psychologytoday.com/blog/adventures-in-old-age/200906/the-robots-have-dawned-meet-the-carebot) and subject-related blogs (http://cgmasi.com/eyeontechnology/2009/06/personal-robots-to-monitor-elderly-vital-signs.html). In this market, mobile service robots (MSRs) serve as a cost effective alternative to nursing care or assisted living. The estimated annual savings for a single family is in the tens of thousands of dollars: http://www.geckosystems.com/markets/CareBot_ROI.php
The CareBot has multiple layers of safety precautions. These safeguards are enabled three ways: mechanical, electronic, and using AI computer software.
· The robot is very stable and difficult to tip over since nearly seventy percent of its weight is less than eight inches above the floor and sits low between large, ten-inch diameter wheels. The wheels are wide and soft enough such that if the robot did go over a child's arm, for example, it would not break the skin or any bones.
· Multiple layers of sensors are fused to provide a safety umbrella to enable actionable situational awareness. Going outward from the center of the CareBot is the GeckoTactileShroud(tm), which detects where on its shroud it has been bumped by people or animals. The GeckoImager(tm) detects virtually everything in the front and to the sides of this fully autonomous mobile robot up to sixty inches. Obstacles more distant are detected by twin ultrasonic rangefinders.
· The advanced AI navigation software, GeckoNav(tm), takes in the hundreds of sensor readings per second and using its high level situational awareness, consistently avoids unforeseen static and/or dynamic obstacles for safe movements.
Like an automobile, the CareBot is made from steel, aluminum, plastic and electronics, but with up to 20 times the amount of software running. It has an aluminum frame, plastic shroud, two independently driven wheels, multiple sensor systems, microprocessors and several onboard computers connected by a local area network (LAN). The microprocessors directly interact with the sensor systems and transmit data to the onboard computers.
The onboard computers each run independent, highly specialized cooperative/subsumptive artificial intelligence (AI) software programs, GeckoSavants, which interact to complete tasks in a timely, intelligent and common sense manner. GeckoSuper(tm), GeckoNav(tm), GeckoChat(tm), GeckoScheduler(tm) and GeckoTrak(tm) are primary, high level GeckoSavants. GeckoNav is responsible for maneuvering, avoiding dynamic and/or static obstacles, seeking waypoints and patrolling.
GeckoChat is responsible for interaction with the care-receiver such as answering questions, assisting with daily routines and reminders, and responding to other verbal commands. GeckoTrak, which is mostly transparent to the user, enables the CareBot to maintain proximity to the care-receiver using sensor fusion. The CareBot is a new type of Internet appliance, a personal assistant life support robot, which is accessible for remote video/audio monitoring and telepresence.
Market Research
At the time GeckoSystems was founded, over 14 years ago, they did extensive primary market research to determine the demographic profile of the early adopters of the proposed CareBot product. Subsequently, they have assembled numerous focus groups to evaluate the fit of the CareBot(tm) personal robot into the participant's lives and their expected usage. The Company has also frequently employed the Delphi market research methodology, contacting and interviewing senior executives, practitioners and researchers knowledgeable in the area of elder care. This primary and secondary market research, supplemented by extensive third party material that is available from researchers worldwide is the statistical substance for the Company's sales forecasts.
Not surprisingly, scientific statistical analysis reveals that the elderly over 65 living alone in metropolitan areas access to broadband internet and sufficient household income were identified as those most likely to adopt initially. Due to the high cost of assisted living, nursing homes, etc. the payback for a CareBot is expected to be only seven to nine months, with an added benefit of keeping elderly care receivers independent, in their own long time homes, and living longer due to the comfort and safety of more frequent attention from their loved ones.
The Projected Consumer Market Size In Dollars For Cost Effective, Utilitarian, Multitasking Eldercare Personal Robots:
Source: U.S. Census Bureau; GeckoSystems
Year Market Size
2013 $74 billion
2014 $77 billion
2015 $80 billion
2016 $83.3 billion
2017 $86.6 billion
Estimated Market Penetrations and Projected Sales:
Year Percentage Projected Sales
2013 0.06% $22 million
2014 0.03% $44 million
2015 0.22% $176 million
2016 0.53% $440.2 million
2017 0.81% $704.3 million
This is a CareBot:
This is a BaseBot:
Granted there is no difference between the CareBot and the BaseBot and their capabilities and benefits.
Back to discussing the CEO, right?
That is because the tech is REAL, the markets are HUGE, and the management is COMPETENT. So what else can the NSS folks do?
JMO-
WhisperingBomb
MACLEOD & WALLACE USE COMPUTER FOR HARASSMENT.
Neil Tyler (Tyrone?)Wallace is in Williamsburg, VA; George Iveagh MacLeod is whereabouts unknown hiding out in the UK after abandoning a $450,000 home to foreclosure in Florida. Why did MacLeod skip the US? Who is looking for him BIG time? Houghton?
Neil Wallace and George MacLeod continue their daily USE of COMPUTER FOR HARASSMENT of Martin Spencer, Elaine Spencer, Paula Nelson, Hajime Yausmatsu, etc., etc.
That is why GOSY has TWO lawsuits in DE against these two miscreants. Since MacLeod is hiding out in the UK, GOSY could get a multi-million dollar DEFAULT judgement against him. http://www.otcmarkets.com/stock/GOSY/financials
Since Wallace forged MacLeod's signature on those court documents, Wallace is complicit and could be jailed for perjury.
Wallace went to the kangaroo court Judge in Williamsburg and commited perjury in stating he had proof (but showed NONE!) that Spencer had harassed him in private emails. Wallace LIED. MacLeod celebrates this false warrant since he can find no dirt on Spencer ANYWHERE.
In the Commonwealth of Virginia, the Magistrate Courts do not work with the DA or local police. They report only to the State Supreme Court. Hence the DA has NOT reviewed any purported "evidence" that Neil Tyler Wallace provided in his "sworn" testimony to the kangaroo court judge. Shining example of Wallace's ability to corrupt due legal process in order to pressure GOSY to pay him funds far, far in excess to his value to GOSY.
Here's Spencer's LinkedIn profile: http://www.linkedin.com/pub/r-martin-spencer/11/b2a/580
MacLeod is DESPERATE to cover the 15-25,000,000 shares he and others have shorted GOSY and communicates essentially daily with Wallace to keep downward pressure on GOSY's pps.
Their constant and neverending vilification of Spencer, his wife and other reputable associates is due to MacLeod losing well over a HUNDRED thousand dollars if the pps goes over 2 cents. Did I not say DESPERATE?
BTW, in the United States of America, those charged with any misdemeanor, as Spencer is falsely accused here, are "innocent until proven guilty." Perhaps in the UK one is guilty until proven innocent. Perhaps the Google Master can do that DD for us?
Yes, this would be a silly soap opera were it not for six figure monies in play here.
Don't you agree?
JMO-
WhisperingBomb
MacLeod, George Iveagh & Wallace, Neil Tyler (Tyrone?) USE COMPUTER FOR HARASSMENT. Wallace is in Williamsburg, VA; MacLeod is whereabouts unknown hiding out in the UK after abandoning a $450,000 home to foreclosure in Florida.
Neil Wallace and George MacLeod continue their daily USE of COMPUTER FOR HARASSMENT of Martin Spencer, Elaine Spencer, Paula Nelson, Hajime Yausmatsu, etc. etc.
That is why GOSY has TWO lawsuits in DE against these two miscreants. Since MacLeod is hiding out in the UK, GOSY could get a multi-million dollar DEFAULT judgement against him.
Since Wallace forged MacLeod's signature on those court documents, Wallace is complicit and could be jailed for perjury.
Wallace went to the kangaroo court Judge in Williamsburg and commited perjury in stating he had proof (but showed NONE!) that Spencer had harassed him in private emails. Wallace LIED. MacLeod celebrates this false warrant since he can find no dirt on Spencer ANYWHERE.
Here's Spencer's LinkedIn profile:
http://www.linkedin.com/pub/r-martin-spencer/11/b2a/580
MacLeod is DESPARATE to cover the 15-25,000,000 shares he and others have shorted GOSY and communicates essentially daily with Wallace to keep downward pressure on GOSY's pps.
Their constant and neverending vilification of Spencer, his wife and other reputable associates is due to MacLeod losing well over a HUNDRED thousand dollars if the pps goes over 2 cents. Did I not say DESPARATE?
BTW, in the United States of America, those charged with any misdemeanor, as Spencer is falsely accused here, are "innocent until proven guilty." Perhaps in the UK one is guilty until proven innocent. Perhaps the Google Master can do that DD for us?
Yes, this would be a silly soap opera were it not for six figure monies in play here.
Don't you agree?
JMO-
WhisperingBomb
I don’t recall posting any disparaging remarks about the specific “tech” developed.
Because, as you repeatedly pointed out in the past, no one other than a select few have ever seen the tech demonstrated in person.
Is there an opportunity for unbiased, third parties to see and openly comment on the tech without them being accused of being associated with ex-employees?
Same response.
In concept, I believe there is a sizable market, it’s the reason I’m still here.
What I call into question are those glaring missing elements and the EOY sales timeline in which the tech will be presumably brought to market
i.e. GOSY’s intellectual property protection,
CE, UL, FDA approvals,
lack of any disclosed plan to conduct controlled and extensive product safety testing prior to release.
Now what is your thoughtful, intelligent and coherent answer?
What don't you understand about the benefit of GOSY's proprietary technologies?
What don't you understand about the difficulty in developing GOSY's proprietary technologies?
What don't you understand about the markets for GOSY's proprietary technologies?
What does it mean that GOSY has a "first mover" opportunity in the world markets?
Please explain why IRBT with tens of millions of dollars LOST in trying to do what GOSY has DONE, hasn't been able to do it.
Now what are your thoughtful, intelligent and coherent answers?
Yus' axin'
WhisperingBomb
What don't you understand about the benefit of GOSY's proprietary technologies?
What don't you understand about the difficulty in developing GOSY's proprietary technologies?
What don't you understand about the markets for GOSY's proprietary technologies?
What does in mean that GOSY has a "first mover" opportunity in the world markets?
Please explain why IRBT with tens of millions of dollars LOST in trying to do what GOSY has DONE, hasn't been able to do it.
Now what are your thoughtful, intelligent and coherent answers?
Yus' axin'
WhisperingBomb
I'm sure Spencer is aware of the structure that Wallace will accept as well as the number.
Corrected O/S & Float from latest filing (12/31/11)
From the GOSY Semi-Annual Report
www.otcmarkets.com/financialReportViewer?symbol=GOSY&id=71413
349,434,996 shares of common stock issued and outstanding;
5,100 shares of preferred stock issued and outstanding;
825,000,000 common shares authorized and 5,100 preferred stock
authorized with 207,051,205 shares in the public float;
Common share equivalents (common + convertible preferred if converted):
roger
(CEO)
- 253,710,745
elaine
(CEO's wife)
- 190,859,156
Total CSE's held by CEO & Wife
- 444,569,901
Total O/S (if all preferred shares converted) - 705,999,996
Major shares Issued, Last 3 years, CEO & wife
roger
- 253 million*, plus 209 million CSEs through preferred.
elaine
230 million*, plus 154 million CSEs through preferred.
*some shares subsequently sold back to company/exchanged for preferred.
Purchases of Equity Securities by the Issuer and Affiliated Purchasers.
Two officers and one former officer sold and/or returned stock to the company under
favorable terms resulting in defacto buybacks. R. Martin Spencer exchanged 100,000,000
shares at the par value of $.001 for a promissory note. Elaine G. Spencer exchanged
85,000,000 shares at the par value of $.001 for a promissory note. Mark B. Peele, due to
not fulfilling his stock vesting requirement, returned 70,765,000 shares. As a result of a
lawsuit settlement with ProDec Networks Ltd. in 2009, 125,000 shares originally
purchased by ProDec, were also returned to the Company treasury. The total number of
shares for all these transactions returned to the Company treasury was 255,890,000.
The Corporation has two classes of shares: Common voting shares and Class A Preferred
Convertible shares with super-voting rights. Each Class A Preferred Convertible share is
a super-vote calculated at the rate of 71,313 common shares to 1 preferred share. Class A
shares may be converted to common shares and will be paid dividends using the same
methodology used to calculate super-votes.
Using that methodology, in December 2011 R. Martin Spencer exchanged 209,463,036
common shares for 2,937 preferred shares. Elaine G. Spencer exchanged 154,234,613
common shares for 2,163 preferred shares.
Major shares Issued, Last 3 years, Non 5% shareholders
Paul Spencer - 82.25 million
Noah Clark Jr. - 106.5 million
David Jimenez - 44.5 million
Paul Spencer: 40,471,970 shares for Debt Conversion
Noah Clark, Jr.: 39,000,000 shares for Debt Conversion
Total for Debt Conversion to Third Parties: 79,471,970 shares.
Total to 3 non-5% owners - 233.25 million
Float is 207 million.
More shares have been issued to 3, non-5% owners, for "services" (likely stock promotion)
and "debt repayment" (no debt on books)
than are in the ENTIRE FLOAT. Those shares represent 2/3 of the current O/S (349 million),
yet none of the 3 have EVER been listed as 5% owners. That suggests none of the 3 held more than 17 million shares on 12/31/11.
Significant debt reduction achieved of over 30%
We converted $400,000 of Accrued Liabilities (which includes all current and long term debt to be ultra
conservative in the application of FASB's GAAP) to Rule 144 restricted stock at a premium to market.
Essentially the Spencers reduced their percentage ownership of GeckoSystems stock dramatically.
Originally they had sold their stock early this past year for promissory notes at the par value of $.001 per
share. They converted all that debt back to stock at a higher price (premium to market), resulting in their
holding fewer overall shares than previously, i.e. before December 31, 2010. This transaction resulted in
an increase in shareholder value for all.
Significant stock reduction, again
Despite some debt conversions to equity, as continued demonstration of our goal to increase stockholder
value, we initiated and consummated three share buybacks since December 31, 2010, resulting in
reduction of issued and outstanding by over 30% or over 250,000,000 shares. This reduced the issued and
outstanding to 466,160,675 as of June 30, 2011.
As further confirmation of the co-founders of GeckoSystems, the Spencers, determination to grow
stockholder value, they converted their previous 60+% of all issued and outstanding shares to less than
25%, and in so doing reduced all issued and outstanding shares by more than 25%. As of this date,
GeckoSystems has 349,620,506 total shares issued and outstanding for a total reduction since June 30
of 116,720,579 shares.
Revenues since inception - $22,328
Losses since inception- $8,166,953
Page 31:
Research and development: $4,518,947 (Cumulative during the Development Stage)
Cash., EOY 2011 - $4,947
Inventory EOY'11 - $106,024
Current liabilities., - $965,289
Real business or means of employing the CEO, his wife and a few stock promoters? You decide.
The following two transactions took place during the last reporting period for the
Company:
• R. Martin Spencer sold 100 million (100,000,000) of his Rule 144 shares back to
the Company at par value ($0.001) for a promissory note for $100,000 plus
interest;
• Elaine G. Spencer sold 85 million (85,000,000) of her Rule 144 shares
back to the Company at par value ($0.001) for a promissory note for
$85,000 plus interest.
The following transactions took place during the current reporting period for the
Company:
• R. Martin Spencer converted the $100,000 promissory note for
10,000,000 shares at $.01 per share. The interest due to date was forgiven.
• Elaine G. Spencer converted the $85,000 promissory note for 8,500,000
shares at $.01 per share. The interest due to date was forgiven.
Why is GOSY undervalued? Part 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.
not opinion, good financial analysis-
Hence the revelation that EU accounting standards are "fairer" to emerging growth companies there than in the US.
WhisperingBomb
Why is GOSY undervalued? Part 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 Development Stage (pre-revenue) companies, like GOSY, to place no assets on their Balance Sheet for their proprietary Intellectual Properties (IP) regardless of the level of probability of future revenues from those R&D activities.
WhisperingBomb