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.
I don’t think they bother to check their email any longer or care what the shareholder perception is of their company or the job they’re doing. I use Scottrade as one of my trading platforms. They never bothered to update the company background information and they’re still listed as Seamless and as security software designers. I’ve emailed the company about this on two occasions and they still haven’t made the correction. I’ve written asking for clarification on the Sun Biz document and never received a response. I can’t imagine that they get so many emails that they can’t devote a half an hour a day to responses so at least we know they give a damn. How about a generic automated response letting the person know their email will be answered when company personnel gets a chance. Or... own up to it and just put on the website that due to their workload, no emails inquiries will be returned. Anything is preferable to silence, which to me translates to a middle finger.
Frankly, I’m relieved that the company hasn’t called it quits.
So, please someone correct me if I’m wrong, but.... according to the 8K, the PG&E contracts that were supposedly recently acquired, were actually signed by RTR in July 08’? Didn’t the PR’s of the past few months give the impression that these agreements were being reached as we were being notified of them? Also, it claims the Q is late because GDTK is still auditing RTR’s records. This wasn’t done before the acquisition? WTH.
Unfortunately, I don’t think management is going to update shareholders for the shareholders sake. I’ve gotten the feeling over the year and a half I’ve been here that there is little respect for us and that they only see vultures out to make a quick buck and do not regard us as “true” investors. Its just a gut feeling, but a feeling based on their actions none the less. Go back and watch the webinar, and Bo’s body language and facial expression when he answers the question on how GDTK is going to benefit shareholders. He seems disgusted that someone would dare ask. If we don’t hear anything in the next week and a half, I don’t think we get any news until after the holidays if in fact something is still brewing, as business is about to start slowing down. My concern is growing that the momentum and mini run from .0001 to .0002 may have been all they were looking for, and to cash into, ala Reda’s past exploits with IBII and SMWF. GLTA, I hope I’m wrong on all accounts.
Possibly. After they came out with the new business model in mid June, we had a couple weeks of news, then we heard nothing from around the first week of July until mid August. That was about 6 weeks. We’re coming up on about 6 weeks worth of silence now, FWIW.
Agreed. However, I think the fundamental problem here is that historically this company has little respect or concern for its shareholders. I hoped we had turned that corner, but the past month seems like old times. I sincerely hope they’re busy behind the scenes because we only have a few more weeks of business here. After Thanksgiving, things are going to start slowing down for the Holidays before coming to a halt until after the New Year.
Sell orders have increased during this quiet period. Thats why we’ve seen the ask go from 2 MM’s all the way up to 5 now. Just as in the beginning, we’ll have to chew through all of those orders to get back to a bid. Thats going to take hundreds of millions of shares traded IMO.
I am looking at the bigger picture, which is why I didn’t sell when I had the chance. But the bigger picture on GDTK’s end needs to include handling certain business decisions in a more professional manner. They didn’t handle the issue regarding the SunBiz document correctly (O/S being raised to 40 billion), when they decided not to return emails addressing shareholder concerns. Or by continuing to file their financials late. Or by inundating us with a flurry of PR’s which suddenly drop off to silence. It all reeks of poor planning. And it wouldn’t be nearly so alarming if Al Reda’s past didn’t include a number of apparent pump and dumps. I don’t trust the guy. I just continue to hold out hope that this waste heat model is something he can actually make money on and that he’s not just bilking share holders...again. This is not conjecture. These are fact based observations based on this company’s past and current actions.
I want to see this move as much as anyone here... but the fact is people are holding because theres no choice at this point. Low volume on a no bid is a bad sign because it indicates low buying interest. I would argue that if we had a bid, we’d see a major selloff mostly due to the fact the company has seemingly abandoned its PR campaign. Keeping shareholders and potential investors in the dark is bad business and leaves possible scenarios up to the imagination rather than allowing for rational thought / decision making based on known facts. They’d take a major step forward with a little more consistency in the way they do things. 3 straight weeks of news followed by a month of silence leaves me scratching my head and questioning their intentions.
What about it?
What makes you believe the company dumped shares?
Decent volume again today. Too bad more people have decided to bail at 1 in the interim. We’d be back to a bid now otherwise but can’t really blame them.
Al Reda is the Secretary of the company. There was a share swap back in June which gave GDTK a stake in FGBF, and vice versa, though I don’t recall the exact percentage.
Still 4 on the ask @ 1. I wonder if FGBF’s recent move is drawing attention to GDTK.
Nice volume so far today. I’d expected it to have moved an MM or 2 off the ask.
That’s correct. The last reverse split this company had was 1:1000 back in 08’. That means you would have received one share for every 1000 you owned and the price of that share would have been 1000 times the previous days close. 1,000,000 shares at a price of .0001 becomes 1,000 shares at a price of .10
In turn, a 20 Billion share O/S becomes 20 Million shares.
This in theory is a good thing as it adds legitimacy to a company looking to draw in investors who would otherwise view a security trading at .0001 as too risky a proposition. The problem in the past with unprofitable pinks is that they then dilute into the new share price in order to line their pockets. This causes the price to plummet and wipes out investors.
Unfortunately it happens all the time and what’s more unfortunate for those here... is that Al Reda has been guilty of it in the past. A few months ago I posted that I thought Reda has stumbled onto something in this waste heat model, that even he couldn’t screw up. I still believe that to be the case and am hoping that Bo Linton, who has had success with helping Magne Gas become profitable, will keep things moving in the right direction.
If you don’t have an L2 service, click on trades at the top of the IHub screen.
They were listed on the OTCQB, but with the late filing have been downgraded to a big fat yield sign / limited information per OTC website.
http://www.otcmarkets.com/stock/GDTK/quote
If GDT Tek wants to one day be a big boy, they’re going to have to start acting like a big boy, and that means not filing 10Q’s and 8K’s late quarter after quarter. I’ve been here over a year now and have yet to see them conquer the little things that continue to shoot them in the foot as far as public perception goes. Whether its letting their Florida business license expire, or filing Q’s late, or letting mysterious documents surface marking A/S increases to 40 billion shares without so much as a peep from the company, they need to get a handle on the small things that they can control. I can’t speak for the latest Q to come out, but past Q’s have largely been cut and paste jobs. Theres absolutely no reason in my estimation that these late filings should continue to happen when there’s hardly any adjustment to the bottom line. It’s frustrating for a long term position holder and makes me wonder if anything has really changed. I’d like to see them succeed but they’re going to have to stop f***ing up first.
We can agree to disagree. I haven’t seen any evidence of them dumping this time around.
I’d have to go back and check, but that math sounds right. I’m wondering if it has something to do with the share swap the company had with RTR back in June. The O/S has been 20 billion for quite some time and it seemed to me as if the company was resisting doing an R/S. Maybe its because they knew 40 billion was around the corner. Regardless, I think the company has spent too much time, money and effort on Money TV appearances, travel, meetings, etc, for this to be the end of some lame pump and dump. Even if Ralph Horn cashed in his $100K worth of shares during the big volume days in September, what about Linton and Reda? Wheres their money? Theres simply not enough to go around yet. As I’ve said before, I don’t think the company dumped shares. If they had, we would never had gotten a bid.
I wonder if robron has anymore insider info. He owes someone here lunch, doesn’t he?
If the company is working on funding with interested parties, but the deal is not done yet, what purpose would putting out a PR serve? It sets them them up for a bigger backlash than were seeing now if the deal falls through. Your point on the A/S is well taken, though I still don’t know who they would sell those shares to. The fact that they don’t see the importance in communicating with shareholders, i.e. returning emails, is the real tragedy IMO, and not that we’ve lost the bid again. We’re supposed to buy on rumor and sell on news, right? We’ve had an onslaught of news, and I think thats exactly what happened but... because we were already dealing with a mammoth O/S and flirting with no bid, the exodus drove us to where were at today. I’m sure a few people made money, and most were just happy to get out without a loss. Then theres the rest of us who either chose to wait it out, or changed our minds a little too late. As long as they’re working towards a legit business and not running a typical pump and dump, then the next batch of news should propel us up a couple points (.0003 or .0004), now that we have a solid base to move up from. Remember, it only took 50 or 60 million to take us from a bid back to no bid.
Man, I’m really sorry to hear that. It was my assumption that orders trading under .0001 were going at .00009, as thats what it shows on my L2 through Equity Feed. Hopefully you can recoup @ 2
I don’t think that’s the case. The people who couldn’t buy, were trying to get in @ .0001 when the ask was .0002. They could buy all they want now that the ask is .0001. People are unable to sell quickly because theres no bid on the MM side. Therefore they must wait in line as buy orders from other traders come in.
I mentioned a couple of times that that document was posted here when it was first released. I guess it wasn’t worth paying attention to when we were seeing billions trading.
It will continue to show 20 billion until the Q gets released. If they in fact raised the A/S, thats when we’ll see the update.
Magnegas posted their first ever profit last quarter. Hopefully Bo learned something during his time there.
I don’t think we’re going to hear anything more regarding funding until it happens. We’re also not going to hear anything regarding the A/S until the 10Q is released unless the company feels like the current questions being raised are causing some sort of PR havoc. For a .0001 stock with 20 billion outstanding, they’re not worried about it.
Good move.
Not to split hairs, but my point is only that raising the A/S alone is technically not dilution without the shares being released into the float. Its neither here nor there though. This company has a history of dilution and if the A/S has been raised, then it sets them up for future impropriety.
Voice Over Artist needed for GDT Tek commercial
http://www.odesk.com/jobs/Voice-over-needed_~~63bdbff172f06c8d?source=rss
I think those here that are jumping out and / or talking about bailing, should. It’s not worth stressing over. If this goes, its going to be on real numbers led by real income. The time its going to take to get this operation off the ground dictates that this isn’t any sort of play but an investment. That being said, if this is an attempt at a pump and dump on a stock that was already in its death throes... then these guys are spending a hell of a lot of time and money to split a couple hundred thousand bucks. They’ve spent nearly $100K on Money TV appearances alone ($17K per). So what purpose does raising the A/S serve when your talking about an .0001 stock that flirts with no bid on a daily basis? Who are they going to sell those shares to? It doesn’t make sense. Are we sure this doesn’t have something to do with the share swap that happened a few months ago? Raising the A/S, if that is what the next 10Q shows happened, is not technically dilution. I still contend that the activity we’ve witnessed as of late is not dilution. If it were, we would never have seen a bid. But we did get a bid because the shares that were out there dried up. The pps went up, however slight. Dilution causes a price drop. I just think that whats being proposed in this business model is the perfect situation for a lazy SOB (Al Reda) who would rather not work for a living. He doesn’t have to do anything. His only job (via Bo) is to convince a few people with deep pockets to get his sites operational and he sits back and collects the dough. Again, I don’t want to come across as some sort of apologist. Ive said all along that I think theres money to be made here but those getting in have to do their DD on this company’s history before making a move. Sorry for the rant... I just don’t see in reality how anything has changed from last week to this week, except perception.
Yes, except an R/S gives companies a new base from which to dilute. Thats what decimates value, thats how we got to 20 billion @ .0001 in the first place. If theres an R/S and people hold, you can be 99.9% sure they’ll lose everything. The only reason for considering this play in the first place was the .0001 price tag.
The news of the conference appearance generated more interest and buying pressure than the appearance itself. Adding that expense to another Money TV spot doesn’t make sense if we are in the last throws of a P&D thats run its course, IMO.
Tore down 9 mms on the ask @ 1 over the past few weeks and now show a bid. That doesn’t happen if the company is selling.
I get your point. I overlooked the exact wording I guess, knowing the company is in no position to do anything at this point without funding.
I don’t think so. He’s just stating what the immediate allocation of 30 of the 100 million will go for, once they get it. Janco’s role as I understand it, is to facilitate the funding through private investment. Janco doesn’t put up the money themselves.
If we can assume that the investors at the conference were hearing of GDTK for the first time, theres going to be quite a bit of DD for them to do before they consider financing. Thats going to take time (weeks if they’re serious, months if their plates full). That goes for any project, let alone a pink sheet start up in a post Madoff world.
I think folks are starting to realize what I had mentioned weeks back, when people were jumping in and wondering why the pps wasn’t moving. Theres too many shares out there to get this running as a spec / news play. No one here is going to make any real money until the company generates revenue, proves they’re viable and owns technology that works. They need to get a single system online and generating cash flow. Until then, this is all just talk. IMO, everyone needs to forget the 100 million funding proposal and 6 purchase agreements. It’s imperative that GDT Tek find the money to get a single unit working. If we had an O/S of 2 or 3 billion with the momo that was generated weeks ago, we’d all be slapping each other on the back for getting a 10 bagger. Unfortunately, thats not the case, so here we sit.
Well, I am too. I guess with the discussions that when on when the document was first posted here, coupled with the promise of no dilution, I decided to take a wait and see approach with the next filing. The stock fully diluted with class A,B,C and D shares was always 40 billion. I don’t know if that is what this is reference to. Raising the A/S doesn’t necessarily mean they are selling those shares but I don’t want to come off as some sort of apologist either. I’m just going by what I think I see.