Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
What was your email about and what did they answer you?
It is a good sign that they answered your email, they are now having more free time to review the email, so they are not consumed with the audit, and have gotten something done.
Something cooking there.
Up to # 4
moved up # 9
I did not take it as a wait, but I took it as an upgrade from sell to hold. Hold is a positive sign. No seller, stock will move up. If it went to buy, stock will fly.
I think we can give it few days, especially with the market correction going on. How long do you expect the market correction to last?
It is not me, it is the american bulls. I actually can't wait to see it moving. I believe in the Company's technology.
I am bugging Reda to get the financial out too. Let's all push him too, like what happened with the financing PR.
I do not think that they will be able to raise the 100M in a single offering.
I think the PR is clear that it is a funding commitment, like a line of credit for 8 years. That sounds fair enough giving the Company's history, financial position,...
I think having the funding commitment, it will enable to keep the projects running, it shows that there is a potential for the Company and its technology.
Overall, I think it is exciting and great news. I hope we will see the financial and higher volume over the next few days.
Do you think today's volume was because ppl were busy with the market being down and with the big boards?
GLTA
Did anyone see this?
http://www.americanbulls.com/StockPage.asp?CompanyTicker=GDTK&MarketTicker=OTC&Typ=S
It is in americanbulls.com, they moved gdtk from sell to wait.
Sorry, what does VERT do?
I think the financial will be out soon. To get financing, most likely, audit is completed and we will see the financial some time soon.
I think mgt is real for this time and trying to do something and maintain integrity.
Deal has no value, but we can ask Janco Partners. Also, it looks to me that they did not raise all the $100M, but a commitment for funding in pieces to get the projects running starting with the existing one.
I think you can average down now.
I think market will be responding to this news. It will be great for the market to see the potential.
Once they get the financial out, this will have even more effect on the market.
GLTA.
How did you see this information? Thanks
Definitely it is great to hear this. I am only wondering why they are not giving the value of the available financing, that's why I am thinking they are about to get the deal sealed.
It does not look that good, however, I think they are about getting the deal done. Good thing is that we can understand the Guadalupe project process.
I am taking it as they are trying to keep us posted.
Funding news are out.
Yes, I can't figure out where it is going. Where do you think it is going?
IMHO - I think you are mistaken.
KDKN may be undiscovered, yet. Cougf has a proven reserve and worth what the market price is. It is not buying cougf for 10 times less by buying KDKN. KDKN can be a scamm; but cougf is a real company that is not only having a proven reserve but also generated revenue.
Sure, I am in. What are the questions we are looking for?
At least there is some volume today. I look forward to seeing it picking up.
I already did.
I talked to Reda, FS is delayed because of the acquisition, and that RTR was never audited. How much longer it will take, I do not know, but I hope within this month or early Feb.
I talked before to Janco Partners: yes, they are looking to raise $100M for GDT Tek. The contract is for this balance; whether they will be able to raise this full balance or not, no one knows.
I talked to Ralf. He strongly believes in the technology and expects it to have a lot of potential.
I did not mean you, I meant everyone here.
It really takes very long time especially with a first time auditing a private company that never cared to maintain the books according to GAAP but according to tax/cash. Also consider auditors did not want to start working until they secure that they will receive their fees; and not only to start working, but always cautious all the way about the outstanding balance.
I really hope they will get the financial out this month, the financing deal will be closed shortly afterwards. Hopefully they can get the Q2 within a reasonable time. After filing Q2, I think they will be able to provide all the updates to the public.
Why all these doubts?
Reda's companies had bad histories; what about Ralh Haron? Is he a lair too? What about the existing technology and patent? What about the existing contracts? What about the world going green?
There are exisiting contracts, there is a world wide patent, there is a lot of potential for this technology. The Company is not a scam.
In regards to the RS, based on all the activities that took place, mgt is not tending to go through this, at least in a short term; based on the financial position of the Company, big investors won't be interested to invest in the stock and risk losing huge money.
The Company for sure needs money to operate. I think if it gets more contracts, it is very easy to get the financing deal. Big investors will need to see contracts and financial to secure their deals.
We just need to wait and hope for the best.
All IMHO and GLTA.
Actually, the Company is in a very well moving sector. Did you see companies in the exploration of the Lithium, Vanadium and Uranium exploration move over the last month? Some doubled, others tripled.
I understand FLPC is lagging due to the delay in issuing the financial also I see the Company steps is exploration process is very slow compared to others. Did anyone contacted the Company to ask why it is taking them that long to move forward with the existing projects?
Financing through class A preferred stock, that what they did to buy RTR. THey are convertible into 1:10,000 of C/S.
I do not think that big investors will be interested in buying stock of GDTK, it is a lot of money and very risky plus no stock is available. I think big investors will be more interested in lending the money because they can get higher interest rate than the market, convertible at current stock price looking for the potential increase in the PPS. If they will buy shares, then there must be an RS taking place; the PR came out looking for $100M financing about 3 months ago, no RS to date. I think these are indications that there is no RS intention.
What do you think?
I talked to Janco partners and they said they are working on getting them to finance $100M. I do not know how easy it is to get the financing deal done; IMO, there is a possibility because of the potential growth; bonds will be good possibility for security of the investment and the return while getting some volume.
There is a lot going on, let's hang in there. Things will be better.
It is not GDT Tek anymore; it is RTR, RTR history, RTR operation, all these have to be considered. The Company is in a very good industry with very good potential; I talked to mgt several times, they are working very hard to get contracts worldwide, they are looking to get investors to finance the operations.
RTR purchase might not be that simple to account for, depending on the financial background of the person handling the accounting in the company.
Most of the small firms and based on the experience with the audit client, they do a lot of audit work to review the FS. Most likely this is what will happen with GDT.
This filing is to explain the reasons for being behind in filing. GDTK needs to file 6/30 audited FS, 9/30 reviewed FS. By 2/14, 12/31 reviewed FS is due. I think that depending on the time of filing 6/30 and Q1, there may be no time to get Q2 filed on time and they can catch up on it by the end of Feb. or early March.
I did not mean specifically that only auditors will be punished and companies will go free. But Auditors are under big risk.
This is what is going on: Most small US CPA firms uses other firms in China, not familiar with US regulations, to conduct the audit. There should be a lot of supervision from the US firm to get the audit done right. If there is a lack here, then the auditor will be punished.
For most of the larger US CPA firms, they use their own auditors, and there is more confidence in the financial. But when there is a rule, it is applicable on all.
For the Company, as the Chinese firms are not properly supervised, there may be errors in the FS, according to the US regulations. This can be an issue to the Company.
There are a lot of things that can go wrong in the financials because of the lack of proper audit/review, manipulations of FS by mgt. Sometimes, I see that they do not understand the system in US and that's why they manipulate the financials, asssuming it is similar to where they are.
Do you think, because of the above, investors are waiting to see audited FS to determine, if this is a good stock or not? Or do you think it is worthless?
I do not recall this exactly but as much as I remember 2 weeks before and after the financial. And I am not sure if this is applicable to pink sheet or only big board; I assume it is applicable to all.
I really hope to hear something in the very near future. If they really get the financial out in Jan. I can tell you that they really know what they are doing, as they do not want to get a market cap to fly high before 12/31, so they do not fall under the SOX compliance rules and they will save plenty of audit fees. And this means that the Company really worth more than what we all think.
All INMHO
GLTA
It is not about the client at all or their financial statements.
It is about how auditors handle the client; auditors who use others, how do they supervise the others to do the work within the PCAOB rules; how can they substantiate that they are primary auditors. It is all matters of formalities and has nothing to do with the financial statements.
I think, mgt thinks only in the Chinese. Promotion will be at the Chinese new year. Shortly, it will be in. But we can bug them. We can keep sending them emails asking about their plans to promote the stock value, plans for the new year.
About the Chinese IPO and Reverse merger. SEC is not investigating the Chinese Company's. SEC is invetigating the audit firms in US who are handling these clients to make sure that they have done good work. I am in this field. May be the market missunderstood this.
I am as everyone here, wondering what is going on. There should be a 5-10X room for this stock to move up.
I don't know what is going on with HELI. Other company only with potential had RS and stock doubled afterwards. HELI has results out and share price is unreasonable to its results. I think PR is important to get the stock price to move.
The Company is way undervalued.
The Company's Vanadium reserve worth approximately $5B at no cost. CXZ has projects that are near term production, see its web.
There are different games. Value investments is one of them, there is a big room for growth in here.
Good luck longs.
I agree last PR was great. Company has a lot of resources, they have 5 Uranium fields, did you see the Uranium sector? They went up 2-4X. Gold is soaring, too. I am wondering why.
I do not see many people on the board, may be ads need to be out. Or may be something very big has to happen to get everyone attention.
GLTA
What is happening for the share price increase?
Did you see my last night message?
I think there should be some PRs come out to help this move up.
I talked to the Company's CFO and the investor relation. The Company sounds to have very good management, they know what they are doing. I recall, he mentioned that lately they hired a Tanzanian PHD Geologist. He told me the benefits of having him with his experience and being Tanzanian and the amount of saving and easement in dealing with the workers and the citizens over there, however, the Market did not respond to this. Also, there are a lot going on, however, PRs will be educating competitors.
Overall, I think, it is a great Company, good results, good management trying to do something, in a great industry. I noticed the volume history, it went up and died with the news as the case with majority of exploration companies.