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nice ones. lol
Yep, I'm in agreement. You can't worry about the short term fluctuations here that aren't based in anything fundamental. And people will always need to justify their own selling to themselves, so we will continue to see those justifications being posted. I think we are getting in on the ground floor of a company that is going to be very big. I had that "feeling" in FRPT and I have it again here. This time I'm going to go in harder than last time with FRPT, because I could have been a rich man now if I was more committal to a good thing.
Expect most old GTEC investors to get impatient and exit. Most people who will be long GTEC three years from now have never heard about the company at this point. (I didnt know about AOB a few years ago, wish I did now!) Lets consider ourselves lucky and load up.
And the bigger exchange will def be coming imo. Its what CCG does.
I think you'll have to be patient in # 1. 2 and 3 should be in january sometime imo. If we get lucky maybe the div news will be late this month.
We'll see...either way I will keep buying every month unless I see something in the company i dont like, or it becomes overvalued. Its a ways from being overvalued now.
Buffet, for example, doesnt invest in small companies because he manages too much money. Whats he going to do, buy the entire company? Buffet has said if he were a "regular guy" with modest amounts he would invest in very small companies because thats where the big returns are.
When I invested in FRPT at a dollar and change, it would dropp 20 cents or so fequently as it swung around on the OTCBB. People panicked, I bought more. When I sold it, it was 30 bucks on the NYSE. I think this company has almost that kind of upside with less risk.
People seem awfully (irrationally imo)impatient so I'm sure there will be time to accumulate over the next couple months...I think if you could bring it up on yahoo or etrade and see the 4 or 5 PE screaming at you then there would be a lot more buyers. Im not complaining about the price going down because I wasn't planning on selling right now anyway! So the buying opportunity is definately appreciated. I send thanks to everyone selling. Keep on going and help me get my cost basis lower and lower.
Oh yeah, 100 mil projected revenues in 08? Definately...Now the old GTEC business of taking companies public was highly erratic, and that was a company you could buy and sell on PRs. Its foolish to do that on this one, IMO. If this company was good enough to buy at .30, then it should be a better deal now, unless something has changed for the negative fundamentally, which I doubt.
People getting jitterish just because the stock price is going down and nothing else, should be getting greedy instead of fearful. Thats why Buffet says investing is more of a temperment quality than an intellectual one. Be greedy when other are fearful.
Of course if there is any FUNDAMENTAL reason to sell intrinsic to the company itself and not charts, I'd like to hear it. Till then...Im loading up on everones shares they are giving away!
People like Buffet, Lampert, Pabrai, etc have done just fine cost averaging down on good companies. Buy low and sell high. If you don't think this company is solid over the next three to five years, then you trade it or better yet dont buy at all. When the "buy high, sell higher" guys start buying on the next PR pushing the price up, I'll already be making money. When this company is traded on the AMEX at a 20 PE three years from now, many will wish they had stuck it out now.
Its not like this is one of those pre-revenue OTCBB companies. This is a solidly growing, established company in a growth industry selling at a deep value price. Doesn't get better than that.
Yeah after being convinced that this new GTEC is the real deal, I am cost-averaging down on this. If you think its a good long term play (which no one even Stock Addict seems to dispute at this point), why wouldn't you? And I'm not going to try and time the good PR that's sure to come. If we get good news and go up, I'll be right there and not need to play catch up.
We'll see. You guys keep selling and I'll keep buying.
So you don't think news is imminent?
I would think that we would get good news late this month or January.
I'm buying all under .30, cost averaging down.
Hello everyone, I have a few questions.
1)I was an investor in GTEC, that had a very similar business model before their own reverse merger. My only regret with them was not buying more shares before the RM. Do any of you think this company will undergo a reverse merger of its own in the future? Where do you see this company in 5 years? 10 years? I have my doubts as to the long term sustainability of the current business model, but am definately willing to go all in if they might go through a reverse merger themselves.
2)I read somewhere that this company split from PRVH. Doesn't PRVH have a similar business madel? What was the reason for the split?
3) When I google this company, almost every entry is by or from a stock pumper of some sort that's been paid in free shares. How much dilution do you think we will see in this company? Do they plan to stop using stock pump and dump websites? GTEC used a stock pumper, but just one or two...this company seems to be going crazy with them.
If any of the longs out there can address these concerns of mine, I'd greatly appreciate it. Thanks to all
GTEC could have remerged with Lotus but they thought this company was better. Since they actually went to China to see these companies up close, I trust them more.
Got some in at .27 finally.
most people in this were traders I think...and i think any longs like myself out there are shutting up, hoping it will drift lower to scoop up more. I admit i was suprised at how quickly posting on this board evaporated.
Yeah, I've been watching it like a hawk. Its absolutely fine with me if it goes below that, i am prepared to cost average down. Trying to get it in while the goings cheap!
already got one in at .28 ...now i dont feel so unlucky.
Waiting sucks.
.20???? I wish it would get that low!!
Im still waiting for my limit order of .27 to fill. frustrating...tempted to bump it up to .28. But im holding firm.
My worthless opinion is that the Roth conference wont affect PPS yet...just get people interest piqued. Not till there are more filings will it go up imo. There is a lot to look into in GTEC for an investor new to it...other companies there are easier to jump right into.
ok, Thanks!
Do you have a interpretation of those numbers for us less sophisticated investors? :)
Now is the time to be scooping shares up. Come next year, we will have steady stream of news and financial releases showing a rapidly growing company. Mostly the only people who have heard of GTEC so far are stock flippers, as opposed to longer term investors. That will start to change rapidly come 08. I know I am trying to buy all my GTEC before '08.
The stock price is lagging now because their is uncertainty, being a new company and all. As the market "gets used to" this company, I think those willing to dive in during the uncertain times will be richly rewarded. I know I wish I had gotten further in GTEC after I bought it at .10 earlier in the year.
I sent another email back to him, from which I have not heard back yet. Basically I told him that we shareholders would like more explanation on the matter. The "why" behind the "what happened".
Its still just fuzzy to me exactly why this huge dividend was paid. You would think becoming a public company would be payment enough, provided they are growing like they claim to be. I mean, the initial press releases boasted about 17 million in cash. To have most of that disapear in the first financial released since then in a gargantuan unexplained dividend to offshore tax-haven companies is a little disengenuous to me. I think shareholders deserve a detailed explanation of this. Everyone who is concerned should email the emails listed in Long-vestor's msg# 2498 and maybe we can get an adequate answer faster, once they realize that this item has not slipped past shareholders notice.
I'm still holding my shares, and I recommend everyone else do so at least until the distribution of assets from the old GTEC is paid, that could be a sweet payout. I'm more cautious buying though until I am more confident in the integrety of the new company. If they could clearly show that, then I am willing to bet the farm. Till then I'm just nibbling.
So basically, they were buying out those former shareholders you think?
This makes my head spin more than comparing those TheSubway disclaimers, lol. Complicated ownership is an understatement.
I'll swallow all this and keep investing, but Im definately motivated to be going over these financials with a fine-toothed comb from here on out. Watching out for any funny bid'ness
I guess the question still remains...why was the dividend necessary? I take it "prior shareholders" equals the CEO and a few others, it was a private company. I have not heard of such a dividend being paid in other reverse mergers. Definately will be keeping a close eye on their cashflow in future financial releases to see what they do with it. I really dont want to see SGA expenses go way up, like they are using the company as a bank account. A company with 17 million in cash (what we were first told) is a lot different sell to investors than a company with 4 million.
Well Mr. Coulson got back to me regarding the dividend. Here is the email for everyone, any thoughts?:
The dividend was authorized and completed in advance ofthe reverse merger as a
payment to prior shareholders of the company. We would not expect any such
divideneds going forward and any such actions would need to be approved byhe
board. I will certainly communicate your thoughts to management and understand
your concerns
Best regards,
Crocker Coulson
President
CCG Investor Relations
1325 Avenue of the Americas
Suite 2800
New York, NY 10019
Thanks...I will definately be sending those emails.
The basher on yahoo who pointed out that info said it was the CEO "cashing out" before going public, but I don't know if that's true because he was obviously a basher. It doesn't look good though at initial glance, but there could definately be more to the story.
I do want to hear something more about it from GTEC before I buy more GTEC for myself.
So did anyone have thoughts on the 10 million dollar dividend? Or is this not significant?
So, I was doing more due diligence as per Long-vester's suggestion, and i ventured into the Yahoo message boards. ugh...between the pumpers "GTEC$$$$$$ will make me rich!!!! $$$$" and dumpers "YOU ARE ALL BEING SCAMMED!!!DONT TRUST CHINA!", someone pointed out something that was interesting and I wanted to get this communities opinion on it.
http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?FilingID=5554718&Type=HTML
It shows a 10million dividend being paid recently which significantly decreased net cash. What do you guys make of this? Is this suspect? I would think a high growth company has better use for this money. Could this be why they needed the 5 million dollar placement?
Im not trying to bash the company in any way I just want to address any concerns I have with people who know more than I before I put any more money down.
Thank you for the detailed response...
I do plan on continued purchase of GTEC over the next few months while shares are cheap...Before stock addict said it, I was actually thinking we could see .25/26 because of the terms of the financing, although im fine buying up through the low .30s. The price never worried me as much as dilution and pump and dump, I have no problem cost averaging down on a good company. So thanks for the info, I'll keep an eye on the float. If it does ever get to 100m per your post I'll probably ask ya what you think.
I really hope we get on the Nasdaq instead of the AMEX too!
"GTEC's float has or seems to have increased from 86-7 million on Oct. 1-2, to 91 million reported around 8 days ago.. So we've had some dilution of around 4 million shares.. There's nothing extraordinary about this, pretty normal."
Curious,
How much dilution would it take for you to start to be concerned?...trying to get an idea of what you think "un-normal" dilution would look like.
Thanks for the thoughtful replies. I do hope to make good money in GTEC, I will definately take your advice and read back on this forum to help put things in perspective. This is my main OTCBB stock idea right now so I'm going to keep running with it. What do you think is a good buying range? Or should I say, at what price would you pause buying? I'm filling up now, last order was for .28, but if the stock has another pop I dont know if I should keep buying or stand back and watch...I guess that would depend on the news at the time. Im rambling now, time to get my ass off the internet and go see if my sig other want to go do something. lol
I get what you are saying.
I guess the worst case is that we will have some dilution. Its not like the act of being promoted by Subway will make the company go out of business, lol..Unless GTEC is some kind of giant fraud which i don't think it is (otherwise it wouldn't have taken so long to happen?), the company will keep growing, and the stock price with it. Once we are on a major exchange I will feel a lot calmer. As a long term invester these OTCBB stock scare me, with their constant dilution and lawsuits and pump and dumpers. I made a lot of money off FRPT (bought at $1 sold at $30) so i decided to get back into otcbb stocks, but its such a minefield out here. I felt like GTEC was a safe haven until I saw that sleazy caps-and-exclamation-points advertising on Subway, lol.
I'd still like to hear out of curiosity from Stock Addict what he plans on doing with GTEC and what his current position is.
Well,
Reading and comparing this opaque disclaimer sh-t is making my head spin after a long day at work. I guess that's what its meant to do. Ugh. I'll try again tommorrow. I think my brain needs a rest.
I'd still like to hear what Stock Addict reccomends as a course of action since he does seem to be the only negative voice in the forum (not necessarily a bad thing for all I know..hell, this place could be chock full of pumpers)
I'm also curious what carl thinks about GTEC being pumped by subway, and if he is concerned with that. I've lurked GTEC boards for a while, since buying it at .10, and he makes very astute even handed posts.
So Stock Addict...given your concerns about GTEC...what is YOUR recommended course of action? Do you own any shares now? if so, are you concerned enough to sell? If not, at what levels, if any, are you a buyer?
Ok...I'm trying to follow you here.
So the phrase "prior to the licensing of TheSUBWAY to CRGP" means that it was a long time ago, because Subway has been owned by CRGP for a long time presumably?
And also, are you saying that its highly unlikely that we are paying both CCG and subway at the same time? because if so...then Subway is most likely getting paid a lot more?
Just trying to follow you here...
Devils advocate...why do you think, if Subway is not being paid recently/currently by GTEC, they are headlining it and Lotus still? Wouldn't it make sense for them to move on to other stocks that have paid them more recently?
Like I mentioned before, when I was a new investor I got burned by a pump and dump and i have a decent amount of money in GTEC...It really irks me to see a stock I was excited for being pumped by people like this.
I don't know the amount they were paid.I'll leave the math regarding the shares given to them to someone else. Im concerned with the deep affiliation. Not concerned enough to sell, and I'll keep buying...my enthusiasm is just dampered significantly.
I do have to say, the more I look into this, the more concerned I am that GTEC has been intertwined with Subway. Gold horse, Lotus...Part of these companies promotions include posting on message boards, I wonder if anyone here is courteous of Subway?
I guess if there is anything good to make of the below excerpt, its that they thought enough of GTEC to buy shares on the open market. Its interesting that an officer of CRG is essentially a partner with GTEC to "consult" Lotus.
I will keep buying GTEC but I think I'll diversify into other Chinese pharm too, since i am definately bullish on the industry over there.
********************From Subway
Genesis Pharmaceuticals Enterprises Inc. - CRGP has been compensated one hundred thousand restricted LTUS shares for GTEC. For promotional work prior to the licensing of TheSUBWAY to CRGP, CRG was compensated five million four hundred thousand restricted shares of Genesis Technology Group Inc. (GTEC). CRG also received six hundred thousand common shares of GTEC, and additional compensation of ten thousand dollars. CRG also purchased three hundred ten thousand GTEC shares in the open market. CRG has sold GTEC shares, and intends to continue to sell its shares and to purchase and sell additional shares of GTEC. An officer of CRG is the sole owner of a limited liability company (the LLC) that is a member of and owns 25 percent of Genesis Equity Partners (GEP) a limited liability company of which GTEC is a member and owns a fifty one percent interest. GEP is a general partner in a partnership agreement with Lotus Pharmaceuticals, Inc. (OTCBB: LTUS) hereafter Lotus, a publicly traded company, whereby GEP for a period of 18 months is a non exclusive external consultant in connection with financial and related matters. Under that partnership agreement the members of GEP received Lotus stock; the LLC owned by an officer of CRG received 3,302,400 shares of Lotus stock. The LLC intends to sell its shares of Lotus. GEP also receives a fee of $10,000 per month from Lotus. CRGP intends to sell its shares. CRGP has sold approximately zero LTUS or GTEC shares to date.
Gold Horse International Inc. - CRGP has been compensated two hundred thousand restricted shares for SPEH. For promotional work prior to the licensing of TheSUBWAY to CRGP, CRG was compensated five million four hundred thousand restricted shares of Genesis Technology Group Inc. (GTEC). CRG also received six hundred thousand common shares of GTEC, and additional compensation of ten thousand dollars. CRG also purchased three hundred ten thousand GTEC shares in the open market. CRG has sold GTEC shares, and intends to continue to sell its shares and to purchase and sell additional shares of GTEC. An officer of CRG is the sole owner of a limited liability company (the LLC) that is a member of and owns 25 percent of Genesis Equity Partners (GEP) a limited liability company of which GTEC is a member and owns a fifty one percent interest. GEP is a general partner in a partnership agreement with Gold Horse International, Inc. (OTCBB:SPEH) hereafter SPEH, a publicly traded company, whereby GEP for a period of 18 months is a non exclusive external consultant in connection with financial and related matters. Under that partnership agreement the members of GEP received SPEH stock; the LLC owned by an officer of CRG has received 837,500 shares of SPEH stock. The LLC intends to sell its shares of SPEH. GEP also receives a fee of $10,000 per month from SPEH. CRGP intends to sell its shares. CRGP has sold approximately zero SPEH shares to date.
Lotus Pharmaceuticals Inc. - CRGP has been compensated one hundred thousand restricted shares for LTUS. For promotional work prior to the licensing of TheSUBWAY to CRGP, CRG was compensated five million four hundred thousand restricted shares of Genesis Technology Group Inc. (GTEC). CRG also received six hundred thousand common shares of GTEC, and additional compensation of ten thousand dollars. CRG also purchased three hundred ten thousand GTEC shares in the open market. CRG has sold GTEC shares, and intends to continue to sell its shares and to purchase and sell additional shares of GTEC. An officer of CRG is the sole owner of a limited liability company (the LLC) that is a member of and owns 25 percent of Genesis Equity Partners (GEP) a limited liability company of which GTEC is a member and owns a fifty one percent interest. GEP is a general partner in a partnership agreement with Lotus Pharmaceuticals, Inc. (OTCBB: LTUS) hereafter Lotus, a publicly traded company, whereby GEP for a period of 18 months is a non exclusive external consultant in connection with financial and related matters. Under that partnership agreement the members of GEP received Lotus stock; the LLC owned by an officer of CRG received 3,302,400 shares of Lotus stock. The LLC intends to sell its shares of Lotus. GEP also receives a fee of $10,000 per month from Lotus. CRGP intends to sell its shares. CRGP has sold approximately zero LTUS shares to date.
I can't speak on his motives, but the post seems factual:
http://www.thesubway.com/disclaimer.asp
GTEC is on the front page right now. It seems likely his email he mentioned came through recently too.
Makes sense. I'm still long the stock (just bought more today at .28) but I will be a little more skittish and willing to take profits untill we get on a major exchange.
Yeah I'm not familiar with Subway, but I know most of those sites don't have any big investors...just gullible newbies like me a few years ago who don't even know they get paid to pump.
Oh I know. I was saying I don't like the news. I mean go look in a site like otcjournal.com, dig in their archives from say, 2002, and see if any of those tickers still come up. So the news is a little disconcerting to me, but thanks for the info. Its good to hear pros and cons...Ihub has so many "stock cults", Im glad someone posts negative info also.