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We added a new MM @ .0001
BNCH - Benchmark. In 11 years of trading I don’t ever recall hearing of or seeing this MM.
Are you talking about Janco? Or did you find a link to Integrated Resources?
Waste Heat News
http://wasteheatnews.com/
My calculation was based on 40 billion rather than 20. Still have that Sunbiz doc stuck in my head I guess.
Based on past experience, I’m expecting we will see a stream of PR’s coming up. It seems to be the MO with GDTK. Come out with a boatload of updates, then fall off the map for a while... reappear with more updates, vanish, etc., etc. They did it in June and again in August / September.
AAEM.
Saw your post on another board. The 9 million in potential earnings puts us at .0005 per share with the current SS, does it not? That would be after it settles, as I would guess that its sure to spike in anticipation.
Sounds about right.
Thanks for posting?
Welcome. The company has taken on many incarnations since it went public in 1988. Most recently, It changed business models last June when it moved from an online auction business to a waste heat model. Until now, the company has had a history of flooding the market with promising PR’s based on whatever business they were in, only to dilute the float, pull an R/S and change business models and trading symbol. The biggest plus we have going right now, is that the current president Al Reda, who has been the architect of this companies past bad business exploits, seems to have handed the operations over to Bo Linton who has had success with another green start up called Magnaflux. The current A/S is astronomical but, the caveat is that is largely leftover from the last business model. They chose not to R/S when the company switched from SMWF to GDTK. If you look over the news of the past 6 months, it will catch you up to date. We are now waiting for an audit of RTR and current financials. Is it a scam? Still trying to decide myself. GL
This is the prototype they pulled offline a few months back to upgrade. It makes sense considering they’ll have to build to suit as funding comes along. With a little foresight, maybe they get funding for a few of the sights in the near future. If not, things still look good for a second half to the year once the first sight is up and running (May according to the PR). Maybe we see all 6 sights in operation by the end of the year.
Exactly my thought. Adds legitimacy to the deal.
Please share
Yes.
Looking for info on Integrated Resources if anyone comes across a link. The closest I’ve gotten is an Integrated Resources Equity which is based in Southfield Michigan.
2 MM’s moved up their ask. Now standing @ 4 x .0001
Maybe this news would be a little lackluster for any other company, but based on my experience with GDTK, I think this is fantastic. I posted months ago that all they need to do is get a single unit up and running and providing power to PG&E to prove that the technology works. From there things should start falling into place. Nobody in their right mind was going to drop a $100 million in their lap, especially considering Reda’s history. They continue to look as if they’re making a real go at this.
If you go back and look.... The symbol change from SMWF to GDTK is the first time Reda changed his business model and symbol without a R/S. I’ve said this before, I think this bodes well for the time being. It could suggest a change in tactic. Reda is also involved with FGBF, which had a perfect opportunity to dilute during its run last fall and did not. Another good sign IMO. Maybe he feels he’s gone to the well one too many times with the pump and dump and is worried about the SEC. Or maybe he’s making a real go at the waste heat model. One thing is for sure... He did not make any money on the mini run from no bid to .0002 last summer. There were too many shares still out there from SMWF, and they spent a ton of money on Money TV appearances. This suggest to me that this is not over, whether that means a new slew of PR’s to try and pump or legit funding to turn this into a real company. Either way, I don’t think we are at the business model change, symbol change, R/S point yet.
What changed? Your share count? pps? O/S count? Market cap? Keep us updated. As of now nothing has changed in my account, no one else here has mentioned anything changing and nothing has changed according to the OTC.
bhapa - please explain yourself. A number of people have asked you what you are talking about and you have yet to provide an explanation. An R/S is a serious matter.
Nope. Haven’t heard anything. My two cents...
I haven’t decided on whether or not I believe they’re making a legitimate go at this business plan. I have a gut feeling that Reda was changing gears just as he had in the past. I think he thought he could dump a bunch of shares into the market with momentum created by his press releases and then check out with a pile of cash until next year when he unveils a new model. He’s done it over and over. However, he had one big problem this time... Because so many shares were issued when GDTK was SMWF, and because he didn’t R/S when the ticker changed from SMWF to GDTK... all that happened when they announced the waste heat model is that a swarm of people swooped in and snatched up the shares that were already issued. There wasn’t enough momentum to allow him to dilute any further. Therefore, this time his plan backfired as he wasn’t able to sell any additional shares. And even if we find out with a future filing that the Sun Biz document was legit, and the new A/S is 40 bil, that still doesn’t change the fact that he isn’t going to make any money until we see a bid and this is trading at .0002
To me, that means he either has to R/S in order to operate as he always has, or he is taking a legitimate shot at making this business model go (in which case the pps is irrelevant to him at this point). I think a couple of possibly good signs are:
1. Reda hasn’t done an R/S to this point.
2. Reda is involved with FGBF. They had a chance to dilute during the run last fall and didn’t.
3. Reda spent a ton of cash on the Money Talk program (18.5K a pop if I remember correctly), and now has to cover.
Scotty has allowed sell orders all along.
1:15,000 puts it at $1.50 a share. More like 1:1000 for $.01 a share.
On Balance Volume. Its a technical indicator.
Link? or are you just going off of your own T/A?
I wouldn’t purchase any more shares until theres news. This could sit at no bid for 6 more months, we just don’t know.
An R/S at this point would be a good thing for a company run by a trustworthy individual. We saw the kind of interest this stock garnered back in August and September. An R/S would put the pps in a range that would help people to buy in who otherwise see a .0001 no bid as too risky. The problem is that Al Reda has a history of diluting into his reverse splits which as you noted, decimates current investor value.
Agreed.
I do understand what you’re saying. What I’m saying is that Janco said they are currently doing their DD ahead of the bond offering. What if Al Redas past business practices shakes their confidence? Who is going to throw money at a company when the people who run it have questionable abilities.
As long as backers are willing to overlook his past negligence and incompetencies and what some have alleged is outright fraud in the form of running a pump and dump scheme, then we should be fine.
"I'll give them the benefit of the doubt this time because they will probably deliver two yrs of audited FS..but, if they do this again, then I would say poor mgmt."
I’ll say poor management now because if you go back and look, they have never filed a statement on time. Again, I was hoping Bo would hold Al’s feet to the fire on business practices. If there are legit financial backers looking over GDTK, I’m concerned Reda’s past is going to come back to haunt him and chase the money away.
Don’t know aout the certs this time around, but last year when this was still SMWF, Scotty but a “no buy” on it in order to “protect” investors from making what they deemed an unwise buying decision. That status came off with the symbol change.
I deleted the previous Sunbiz links to prevent any further possible embarrassment. That document is from 2009.
If there is any sort of lag between brokers, I would venture to guess that it would be limited to a matter of seconds. I’m not disputing that you and others have received these notices, all I’m saying is that if TD is the only one disseminating the DTC info and people who use brokers other than TD are still able to place trades and... we saw trades go through yesterday afternoon, after the cancellation of trades by TD then... there seems to be a discrepancy on TD’s end rather than a discrepancy on everyone else's end.
No problem placing order with Scotty again this morning. You might want to check with TD one more time before you start with the insults.
Limit Order Placed
Thank you! Your order to Sell 10XXXXXX Shares of GDTK (GDT TEK INC) at Limit Price of $0.000X has been submitted. Duration of order is Today (Good until 4:00 PM ET).
Order Confirmation #: XNA283CXXXXXXX
Order Time: 11/30/2010 8:47 AM ET
Any order entered after market close is good for the next business day.
A buy for 2 mil went through at 3:22 pm. which was well after the problem with Ameritrade was first posted. My test sell with Scottrade went through no problem and Bhapa says Etrade is fine as well. Unfortunately its a safe bet that the company won’t respond to any email inquiries as to why TD is canceling trades.
LOL, ok dude.
Problems with sell orders seem to be isolated to Ameritrade customers. I use Scotty and put in a test sell order with no problem.
I had hoped that Bo would change things with GDTK. Unfortunately it appears that he has neither the ability or the influence to steer the company (i.e. Al Reda) from doing the things it (he) always has. Namely painting a pie in the sky picture and then leaving shareholders in the dark.