now why would someone do that, the bid and ask remain the same, changes nothing other than your statement balance? before you had to buy a block of 100 to change the listed price, now one share will do, who cares if it's the first trade or the last trade, someone bought at 14.00 isn't that what the longs were looking for? Goes to show all the longs could buy over 4000 shares right now. mmmmmmmmmmm It also shows, no one is buying, not even the longs who have been screaming to buy the stock to buy what you can and hold what you have. How come no one, including Qtip, is buying any of these 14.00 shares??

Now that every share is reported, no longer only those more than 100, what is the conspiracy theorist think about those three shares....short, not short, or just a poor penny player adding to his pile.

good, because it made no sense

alan why would there still be shorts, if there were from 100 dollars down to 14, with over 4000 shares available to buy right now, why not cover and make a killing, the fact that 3 shares were sold, tells you there are no shorts, or were those three shorted as well.

And what is your point??

never said anything about ftd's

maybe so but there is no evidence gncp is currently shorted, finra reports have been explained multiple times on multiple boards, and currently there are none.

are you checking your math, 50 cent quarterly dividend?? 2 dollars per share annually?? Now that's funny if not ludicrous. Dream on.

and that's how you do it, but it has nothing to do with shorts

does it matter, how about how many did I get at .0002 and selling at ,0004. All the same, just do the math.

Please prove that the shorts exist, www.otcmarkets.com show's last shorts in Mid January and only 200,000+. But even if there were, they shorted at .004 covered at .002 and doubled their money. nice try with the conspiracy theory though, that does not provide one iota of proof this company is nothing but a flippers dream, I'll buy at .0001 and sell at .0002 double my money every time, no reason to short.

There are no shorts

Incorrect again, the stop sign only states the company in no longer reporting, which means two things, first those purporting to execute shorts still have a responsibility to the SEC, as whether or not a company is dark means nothing as to their, ie NITE's, reporting requirements, and two if insiders are selling they, TEVE, don't have to report anything, thus the reason they are dark. I like the spin though, keep trying.

No it's not, insider trading is illegal, insider selling would be reported if they were a reporting company, but since they are not, would be very possible for an officer of the company to have those shares up for sale. Thus my point, and why I asked you about your insider trading comment. Geez

of course not, why would I waste the money, and make sure you demand information from the CEO, CFO about their NSS investigation, I'm sure that will illicit a hardy laugh or security. What will be laughable is when you realize TEVE has no shorts and the stock is stuck at its present level for years to come, just like ETCC.

insider trading is illegal, so what are you asking for? if you are asking for insider management selling stock, there is no proof as the company is dark, but you knew that, just conjecture on my part, where else would they come from, as there is no proof these are shorted shares as per otcmarkets.com, actually the proof shows they are not shorted shares. and how long have you been waiting for the great awakening of this stock, after losing 90 percent of your value you'd think better of this as an investment, and pr's do not a good company make, we'll see if they have audited annual financials come April

I ask you to provide proof of the NSS, the shorts of TEVE, why OTCMarkets do not report any shorts, and who is behind this illegal activity, I guess we can have 4kids9pets list all the sales for the last two years and by looking at who routed the sale you are then claiming all of them to be doing illegal activity. Very interesting. I wait for any proof of illegal activity and ask since you are so convinced this is going on why the DOJ has not done an investigation? Why hasn't the management sent out any information to shareholders that this is going on? You'd think as a shareholder you would be standing on Mr Lenfests desk demanding justice. Or are you just sitting back thinking dividends should be paid because you are such a supporter of the company with your 100 shares. Too funny

so you believe this, srsr, teve, cctc all are heavily manipulated and full of shorts, yet you still invest in them? So you are hoping your theory is correct even though OTC Markets show no shorts, must be nice to have so much money to throw away.

Right, and I'm sure the paid pumpers are in the adjacent boiler room, those have been verified, this written by a paid pumper, to discredit those that would argue against him,almost the oldest trick in the book, you can't blame me, I said this, why would I say that, it only incriminates me. Looketh over there, madest thou look.

If you want to know how this stock will turn out, dividends etc, look at the other company Mr Lenfest Controls, ETCC, But the question is how much is the new CIO making, Don't you think it would be much better off to utilize the funds created to pay his salary vs pay investors a dividend?? Obviously that's what is going on, but how was he paid? Yes annual report, which would usually come out 90 days from end of year, will be very interesting, or will it just be a PR again, with no substantive information.

No Teve has not been involved in a pump and dump, per se but To continue to blame shorts for an individuals massive loss of funds due to the constant pumps and dumps is crazy. Years and years of "short" claims by some with never a one "short squeeze" in the otc markets. OTC Stocks go up with the pump, and drop when insiders dump, of course the company is praised for the rise in PPS with all the unsubstantiated information newsletters throw out, and shorts are blamed when the dump happens, even though subsequent legal actions against those who perpetrated the pump. Stocks rise again as the pumpers tier their alerts throughout a multitude of newsletters, day one one or two newsletters, day two a few more day three a few more, then the dump, blame the shorts, then "look for a bounce due to short squeeze, then all newsletters pump, followed by the massive dump, leaving bagholders here on these boards for years, justifying why they hold on to worthless stock, of course it's the shorts fault. Never one iota of proof of any short conspiracy, the numbers constantly quoted by finra, have been proven by finra themselves to not mean a short position. The short argument has never worked, never made anyone money, and never bankrupted anyone, only thing that has done that is greed, gullibility and very bad investment decisions.

To continue to blame shorts for an individuals massive loss of funds due to the constant pumps and dumps is crazy. Years and years of "short" claims by some with never a one "short squeeze" in the otc markets. OTC Stocks go up with the pump, and drop when insiders dump, of course the company is praised for the rise in PPS with all the unsubstantiated information newsletters throw out, and shorts are blamed when the dump happens, even though subsequent legal actions against those who perpetrated the pump. Stocks rise again as the pumpers tier their alerts throughout a multitude of newsletters, day one one or two newsletters, day two a few more day three a few more, then the dump, blame the shorts, then "look for a bounce due to short squeeze, then all newsletters pump, followed by the massive dump, leaving bagholders here on these boards for years, justifying why they hold on to worthless stock, of course it's the shorts fault. Never one iota of proof of any short conspiracy, the numbers constantly quoted by finra, have been proven by finra themselves to not mean a short position. The short argument has never worked, never made anyone money, and never bankrupted anyone, only thing that has done that is greed, gullibility and very bad investment decisions.

ETC Announces Fiscal 2014 Third Quarter Results (can you say OUCH)


For Immediate Release
SOUTHAMPTON, PA, USA, January 13, 2014 - Environmental Tectonics Corporation (OTC Pink: ETCC) ("ETC" or the "Company") today reported its financial results for its fiscal 2014 third quarter ended November 29, 2013.
Fiscal 2014 Third Quarter Results of Operations:
Net Income Attributable to ETC
Net income attributable to ETC was $136 thousand, or $0.00 diluted earnings per share, in the 2014 third quarter, compared to $1.2 million or $0.05 diluted earnings per share, during the 2013 third quarter, representing a decrease of $1.0 million, or 88.5%. The decrease in net income attributable to ETC reflects a decrease in income before income taxes of $2.0 million due primarily to a $2.9 million decrease in gross profit, resulting from a combination of both lower net sales and lower gross profit margin percentage, offset in part, by a $0.8 million decrease in operating expenses, resulting from an on-going effort to reduce non-revenue generating expenses.
Net Sales
Net sales in the 2014 third quarter were $12.3 million, a decrease of $2.8 million, or 18.5%, compared to 2013 third quarter net sales of $15.1 million. The reduction reflects decreased ATS sales to the U.S. Government and decreased sales of Commercial/Industrial products to Domestic customers, offset in part, by increased ATS sales to International customers. Given the current progress made on U.S. Government contracts in the Company's sales backlog, the Company anticipates the concentration of sales to the U.S. Government will continue to lessen in fiscal 2014.
Gross Profit
Gross profit for the 2014 third quarter was $3.6 million compared to $6.5 million in the 2013 third quarter, a decrease of $2.9 million, or 45.2%. The significant decrease in gross profit was a combination of both lower net sales and lower gross profit margin percentage due to inefficiencies as a result of additional work required on several contracts, for which we are currently pursuing recovery.
Operating Expenses
Operating expenses, including sales and marketing, general and administrative, and research and development, for the 2014 third quarter were $3.0 million, a decrease of $0.8 million, or 22.3%, compared to $3.8 million for the 2013 third quarter. The decrease is primarily the result of an on-going effort to reduce non-revenue generating expenses, offset in part, by a slight increase in research and development expenses.
Interest Expense, Net
Interest expense, net, for the 2014 third quarter was $224 thousand compared to $319 thousand in the 2013 third quarter, a decrease of $95 thousand, or 29.8%, despite a higher level of bank borrowing due primarily to the results of the 2012 Financial Restructuring.
Fiscal 2014 First Three Quarters Results of Operations:
Net Income Attributable to ETC
Net income attributable to ETC was $307 thousand, or $0.00 diluted earnings per share, in the 2014 first three quarters, compared to $4.2 million or $0.14 diluted earnings per share, during the 2013 first three quarters, representing a decrease of $3.9 million, or 92.6%. The decrease in net income attributable to ETC reflects a decrease in income before income taxes of $6.7 million due primarily to an $8.1 million decrease in gross profit, resulting from a combination of both lower net sales and lower gross profit margin percentage, offset in part, by a $1.5 million decrease in operating expenses, resulting from an on-going effort to reduce non-revenue generating expenses.
Net Sales
Net sales in the 2014 first three quarters were $36.6 million, a decrease of $11.1 million, or 23.2%, compared to 2013 first three quarters net sales of $47.7 million. The reduction reflects decreased ATS sales to the U.S. Government and decreased sales of sterilizers and environmental testing and simulation devices to Domestic customers, offset in part, by increased ATS sales to International customers. Given the current progress made on U.S. Government contracts in the Company's sales backlog, the Company anticipates the concentration of sales to the U.S. Government will continue to lessen in fiscal 2014.
Gross Profit
Gross profit for the 2014 first three quarters was $11.0 million compared to $19.0 million in the 2013 first three quarters, a decrease of $8.1 million, or 42.4%. The significant decrease in gross profit was a combination of both lower net sales and lower gross profit margin percentage due to increased costs as a result of damage to one of our devices associated with a U.S. Government contract during the testing phase and inefficiencies as a result of additional work required on several other contracts, for which we are currently pursuing recovery.
Operating Expenses
Operating expenses, including sales and marketing, general and administrative, and research and development, for the 2014 first three quarters were $9.5 million, a decrease of $1.5 million, or 13.3%, compared to $11.0 million for the 2013 first three quarters. The decrease is primarily the result of an on-going effort to reduce non-revenue generating expenses, offset in part, by an increase in research and development expenses.
Interest Expense, Net
Interest expense, net, for the 2014 first three quarters was $590 thousand compared to $764 thousand in the 2013 first three quarters, a decrease of $174 thousand, or 22.8%, despite a higher level of bank borrowing due primarily to the results of the 2012 Financial Restructuring.
Cash Flows from Operating, Investing, and Financing Activities:
During the 2014 first three quarters, as a result of an increase in costs and estimated earnings in excess of billings on uncompleted long-term percentage of completion ("POC") contracts and a decrease in accounts payable, the Company used $3.6 million of cash in operating activities compared to $0.3 million of cash provided by operating activities in the 2013 first three quarters. Under POC revenue recognition, these accounts represent the timing differences of spending on production activities versus collecting on long-term contracts.
Cash used for investing activities primarily relates to funds used for capital expenditures of equipment and software development. The Company's investing activities used $1.1 million in the 2014 first three quarters compared to $0.9 million in the 2013 first three quarters.
The Company's financing activities provided $3.0 million of cash in the 2014 first three quarters, which primarily reflected borrowings under the Company's various lines of credit, and was offset, in part, by payments on the Term Loan. In the 2013 first three quarters, net cash used in financing activities totaled $0.6 million, primarily for repayments under the line of credit and dividends paid on Preferred Stock.
About ETC:
ETC was incorporated in 1969 in Pennsylvania. For over four decades, we have provided our customers with products, service, and support. Innovation, continuous technological improvement and enhancement, and product quality are core values that are critical to our success. We are a significant supplier and innovator in the following product areas: (i) software driven products and services used to create and monitor the physiological effects of flight, including high performance jet tactical flight simulation, upset recovery and spatial disorientation, and both suborbital and orbital commercial human spaceflight; collectively, Aircrew Training Systems; (ii) altitude (hypobaric) chambers; (iii) the Advanced Disaster Management Simulator ("ADMS"); (iv) steam and gas (ethylene oxide) sterilizers; (v) environmental testing and simulation devices; and (vi) hyperbaric (100% oxygen) chambers for one person (monoplace chambers).
We operate in two primary business segments, Aerospace Solutions ("Aerospace") and Commercial/ Industrial Systems ("CIS"). Aerospace encompasses the design, manufacture, and sale of: (i) Aircrew Training Systems; (ii) altitude (hypobaric) chambers; (iii) hyperbaric chambers for multiple persons (multiplace chambers); and (iv) ADMS, as well as integrated logistics support for customers who purchase these products or similar products manufactured by other parties. These products and services provide customers with an offering of comprehensive solutions for improved readiness and reduced operational costs. Sales of our Aerospace products are made principally to U.S. and foreign government agencies. CIS encompasses the design, manufacture, and sale of: (i) steam and gas (ethylene oxide) sterilizers; (ii) environmental testing and simulation devices; and (iii) hyperbaric (100% oxygen) chambers for one person (monoplace chambers), as well as parts and service support for customers who purchase these products or similar products manufactured by other parties. Sales of our CIS products are made principally to the healthcare, pharmaceutical, and automotive industries.
We presently have two foreign operating subsidiaries. ETC-PZL Aerospace Industries Sp. z o.o., ("ETC-PZL"), our 95%-owned subsidiary in Warsaw, Poland, manufactures simulators for our Aerospace segment and provides software to support our domestic products. Environmental Tectonics Corporation (Europe) Limited ("ETC-Europe"), our 99%-owned subsidiary, functions as a sales office in the United Kingdom.
ETC's unique ability to offer complete systems, designed and produced to high technical standards, sets it apart from its competition. ETC is headquartered in Southampton, PA. For more information about ETC, visit http://www.etcusa.com/.

Wrong again, on this and all the other boards that you post "short" sales.

None of their PR's have come true, expect .0001 by year end

So your proof is something that happened in 2012?? And already investigated fully. So Please prove your accusation that Most NSS are NITE's responsibility, that they are criminally liable for fraud and SEC violations. That is your point is it not?? Saying for the last several years "soon" is pointless. "Soon" the world will end. Stay tuned. Like I said, TOO FUNNY, your accusation on the other hand is quite serious, and I look forward to your proof.

Please prove your statement, the attorneys at NITE would like to know whether to file criminal charges.....Too funny, you know so much yet have no proof of anything, yet are still investing...Something smells a little fishy with all the pumping......

That is so funny, LOOK OUT THE SHORTS ARE IN CONTROL, CONSPIRACY, so if that's the case, I ask again, on this board and others, why then would you want to own shares in a manipulated company, a pump and dump company?? One that you claim to have illegal activity, Must really suck losing so much money on all these stocks. Buyer Beware.

That would be a great question for AlanC, he claims naked short sales on every stock board he's on. AS for NSS or even legal shorts, why would you short a stock at .0001 when it can't go any lower so there is no issue, and show me one entity that will allow an investor to short at .0002 of course if you then cover at .0001 you just doubled your money. But no need to google anything, take yourself to the headquarters, look at documents, go for the public information act and do your research, what? no time? There are those who will not believe google for possible irregularities, or personal arrest records, but will blatantly and blindly believe a PR. Good Luck, This stock has no value, period, if you can find exactly what the company fully owns, all it's asset, and can put a positive number to it, good luck.

But as long as their are those who think the evil mm's are the ones at fault and the nonexistent Illegal short's, these boards will be full of bagholders in denial

Just like all the rest, bagholders wishing for better days and unable to come to the reality they were taken for everything, but it is always the "Evil MM's" never the management who facilitated the pump and dumps, or the, in this case, the shell game, jumping from one Nevada, or Delaware shell to another, leaving supposed investors in the ashes. The gullible get what they deserve.

So I ask again, why would anyone want go buy a stock that they feel is so heavily manipulated?

Now why would a stock trading at the lowest level possible of .0001 have naked short shares? Please provide proof, and don't use finra, you've already been shown numerous times that short reporting does not mean the stock share was shorted.

The split was a minor issue, though reverse splits are doom for otc companies. Read the rest of the post, show one item to refute anything that poster stated, and then explain why anyone would invest in this stock. It gets me, though maybe not you, but why anyone who claims the stock is manipulated illegally, shorted illegally would still throw their money at it. Does not make sense, this is an old pump and dump with bagholders begging for something positive, this will end up as "another one bites the dust" scenario.

Ilegally acquired? are you kidding, you think this stock shorted also?? If there were any, which I doubt, they just covered at .0001. SRSR, GNCP, TEVE all shorted? all conspiracies?? No just bad, I mean very bad, investments. OUCH

So what you are saying is that having a stock price of .0001-.0003 is a good thing? Are you saying that the link I provided with the research shown is positive? I think you all should look closer as to the validity of this shell.

If you haven't read the below link you may want to. Also records show GNCP did a 1 for 2000 reverse split 23 March of 1999. But for more recent events:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69957001

If you haven't read the below link you may want to. Also records show GNCP did a 1 for 2000 reverse split 23 March of 1999. But for more recent events:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69957001

1) very low share count? are you kidding?? Even so there is no value
2) may do better? doubtful as they have a very poor history, and no verifiable information, unless you fly to china.
3) I'm sure that would go well in China, first childrens clinics, then retirees, now stoners. That's just plain funny.

Beware of the newsletter, tout, pumpers, heading back to .0001 look at the history, nothing but a losing proposition.