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I agree that it isn't the best use of money, but the do not pay per episode, as per the PRs:
You're missing the point entirely. You stated things as fact, where there was not yet any proof. You can state likelihoods and odds based off experience, but experience does not make these statements necessarily factual or true. It's a fallacy.
Neither of your claims were given any solid evidence. You were merely posting based on experience, so to make them true you should have used a word like "probably" or "likely" (etc.)
He just isn't listed under Renowned Speakers (perhaps because he isn't renowned). The speech is still listed in the program that I previously linked.
http://www.lcesummit.com/fullprogram_track8.asp
"Part 8-3: Smart Grid & Infrastructure (Part Two)
Time: 08:30-10:15, Oct. 23, 2011 (Sunday) Place: Meeting Room 9, 2nd Floor, DWEC"
09:00-09:25
Title: Converting Low Grade Waste Heat Into Clean Electricity
Mr. Bo Linton, President, GDT Tek, Inc., USA
That's fine (though in the webinar and FAQs both he says "before the end of September"). And that's not for all financials, that's the 10Qs ("10Q's for Sept 30, 2010-December 31, 2010 and March 31"), he already gave the company an extra month (until end of October) for "The 10K for June 30, 2011".
There's a good chance he will be late on the financials and that probably will be a delay. But we were referring to the project previously.
We were referring instead to where you said:
Exactly. They only ever said that the Cascade Reactors would be in November, but it's a totally different product.
Nor is that even for GDT's part in the Cascade Reactor - mid November is when the European /British version will be up and ready. Bo said it will be at least a few weeks after even that before we get it in America. It's not a bad thing, though; before, we never had any time-frame for it at all, so a few months really isn't too bad.
I could be wrong, but I didn't hear him mention any dates at all for the Phoenix waste-heat project.
He mentioned that the Cascade Reactor, a totally different product that they received the rights to sell & distribute in US and Canada, is set for mid-November. That's not a bad thing because there was never a given date for that particular product, it was merely presented in a PR a month ago (i.e. http://ih.advfn.com/p.php?pid=nmona&article=49017996).
The October project's not that, though. They are different. (That said, who knows, there could still be a delay. There just wasn't one evidenced in that particular interview)
He also did say "including authorized shares" and did explain that the "authorized shares will become 40 million as well". I mean if you watch the video he is explicit about it including A/S and isn't hiding behind "across the board".
EDIT: and I know that him saying that doesn't automatically mean it will happen. I simply replied because your message made it sound like people were putting unnecessary meaning into ambiguous words (i.e. " across the board") when really people are referring also to him talking more explicitly about the A/S being reduced to 40 million and referring to the "across the board" words in order to save time.
Wonderful post. Should be a must read for everybody in the board.
Well if the Times-Herald news paper article has any truth to it (believe whatever you wish) the first unit should be complete and running in October. You can add your delay times to that.
Source: http://www.timesheraldonline.com/ci_18753886?IADID=Search-www.timesheraldonline.com-www.timesheraldonline.com
Absolutely. Investor confidence will be a huge deciding factor in how the price moves after the R/S, just slightly less important than seeing massive dilution.
I mean you don't need to look any further than 1929 and the Great Depression to see what fear and lack of confidence can do. But if they don't dilute and can produce money by other means to continue expanding the company, that even after a plunge the stock can build back up.
All said, I have a strong feeling that the prices will indeed drop for a while after the R/S regardless of dilution. People will be scared.
I'll definitely have some money ready to pick up extra cheap shares if I feel confident in the company's ability to recover after it! Add to my current stock pile.
I agree. Personally I don't plan on buying any more for a while either, not until after the R/S and after we see whether they're telling the truth about dilution.
Until then, I'm perfectly happy with the shares I hold.
I agree, it's all waiting for now. I'm sure in 3 or 4 months we'll all have a much better idea where the company stands, and will be more able to make more coherent decisions.
As I stated here, very clearly, if you're certain about that then you definitely shouldn't buy any of their shares yet:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=66813010
It's not always bad, it's usually bad. And in the post I linked I admit that:
To retire shares the company must first own them. Think about it, you certainly wouldn't let them just retire your shares without giving you money, would you?
I agree, though, profitability should be their first concern.
R/S is necessary if their main goal at the time is to eventually get the company above 10 cents and uplist.
For it to run to 10 cents on it's own now, the market cap would have to increase to $4 billion. Do you think the company is worth $4 billion in it's current state? It might get there one day, but it's definitely not there yet. Sure, lots of companies run past their actual worth, but the point is that it isn't reliable and probably wouldn't stay there for long. If their goal and requirement is PPS > 10 cents then a R/S is fairly necessary.
On the other hand, after the R/S the price might drop drastically. If the company continues to prove itself, though, it could eventually climb back up (plus, that would be a great time for a share buyback, as planned).
Do you see how this isn't short-term? Things should equalize to their fair value if given time - and, most importantly, if not diluted. There's your bet, right there: you stay away if you fear dilution or if you want to make a fast flip, you buy if you don't believe there will be any (or much) more dilution and you're happy to be a long-term holder.
The price may drop after completion, but if they get generators up and running, start showing revenues, and begin with their other projects, then over the years this could grow into a huge company like that. If they do it all without diluting then our value will return many times over. It sounds like that's their plan, whether you'd like to believe it or not.
I certainly wouldn't blame you for not believing it. Penny stock CEOs and board members, etc., are almost always all talk.
This isn't a short term play. You aren't going to make a quick buck. If you want a big run to come in the next few days or weeks, you're better off looking elsewhere. This company has a lot of potential, if you're buying into it you're just wagering on the extent to which the powers running it keep their word. And I'll happily admit that out here the odds are against you, but the reward may be just as great.
Retiring 40 million shares would do nothing for this company. That's 1/10th of 1% of the shares available, it wouldn't change investor confidence at all.
Across the board: common, preferred AND authorized shares. Decreasing the authorized shares is important for us.
I absolutely agree with you there. It's the shareholders' responsibility, myself included, to help put pressure on the company for more information.
I, for one, have asked for more updates and will continue to as time goes on. In the webinar he said "on schedule", which basically means nothing at all. Pictures, or at the very least more details would be wonderful.
I'd advise all other shareholders to contact them asking for more information/pictures as well.
You buy based on when you think the shares price will increase or decrease. If you think it's going down, then you obviously wait and reassess your plans at a lower price point. If you think it's going up first, then you buy earlier.
I can't tell anybody when it's going to move, nor in which direction - that's for you to decide.
History shows that R/S can be bad in pinksheet stocks due to dishonest companies and dilution, as well as scared shareholders. However, if the company has good reasons and stays honest it could go the other way.
It's your money, and your best guess.
I'm happy with my shares and don't plan on selling them any time soon, personally. I'd rather wait and see if they make revenues than sell off at a loss (trading fees). It looks like it won't be in limbo for much longer, and within the next few months we'll see what happens with their construction.
That would be safest option; waiting and buying more after the R/S.
After the R/S there's a higher chance that it will decrease in value due to scared share holders (this isn't definite, sometimes they increase instead, it's just a chance). If you believe it will go up in the long run, that could be a great chance to buy some of the cheaper shares off scared investors.
Conversely it might increase, but you've already got some shares anyway, and so you'd still benefit.
Plus, to be considered, is what's Steriwave's stake in the company, right now?
Apparently 8 billion shares as collateral for their funding to be paid back. They would not allow a R/S, or at the very least would be vocal about their opposition, if they expected it to be a bad thing.
Their shares are "worth" (in quotes only because they couldn't sell that many at this value at the time due to volume issues) $800,000. That's not as much as they've funded, but it's part of their risk. They expect to be paid back, or at the very least for prices to increase.
If there was a R/S before they were paid back, and if it was done poorly, diluted, and made worthless again (as we all seem to fear) then they're left with collateral worth about $8000 or so, at which point they can be fairly sure they aren't being paid back.
The point is that there was no lie. They went from "no plans" to "plans", that's strictly how plans are made. Any time you make any plan you're making the same jump. You do it hundreds - thousands - of time daily.
All I was pointing out was that if he had previously said "no plans for R/S" and eventually came to such plans, it's not going back on their word at all.
Or maybe you're trying to make another point but being extremely unclear about it?
EDIT: Now, for example, if they did perform the R/S and followed it with dilution, that would be a different scenario. That would be an example of the company going back on their word because Bo didn't say "no plans for dilution" he said "there will be no dilution". It's an undefendable subtlety, there.
Consider the three states:
- positively so
- positively not
- unplanned (can go either way)
He was in the ambiguous "not planned" state. If you hear somebody say that something "isn't planned" it means they can still be considering it, and easily make plans in the future.
So in all I'd say my use of "to be fair" is totally justified; he did not go against his word and to say that he did for that particular case, exactly as quoted, would be unfair and unjust.
To be fair, he went from "no R/S planned" to "R/S being considered if bonds go well" in a few months which isn't really lying at all. They weren't being considered at the time, and now they are. It's not as though he said "there will be no R/S" and followed it with one soon after - it probably won't even happen for months still.
It's not a slap to the face at all if done responsibly.
First, they don't plan on doing the reverse split until things are in gear, and only if the bonds go well (i.e. if they have money and are building more units / producing more revenues).
Almost all penny stocks are bought with intent to sell (dividends being rare in pinksheets). You need buyers if you want to sell. They're trying to give you more potential buyers. It's that simple.
The issue isn't whether they believe it can run without the RS or not, it's that certain markets work exactly as he explained.
Some companies require that a stock be over or exactly $0.100; we could get there, but the run would have to end with a value of 100,000% from where it started. 0.099 wouldn't be enough for them to change their minds (though, of course, it would certainly be enough for us all to be happy!)
Basically, they believe it can run, but don't want to expect it will go that high fast enough. It's a risk, but it does sound like they're trying to be responsible about it.
100 million would become 100,000 so it's not quite so bad as 10,000.
I don't know what you're trying to get at, but I'll bite:
Between $4 and 8 million, depending on how many are .0001
Obviously it doesn't work like that though. If you see a few billion shares sell at one price, some people will hold out for a higher price.
After doing more research into Steriwave - particularly the people sitting on it's board of directors - I'm even more confident about their legitimacy and ability to push GDTK in the right direction (assuming Reda doesn't run it into the ground like he's know to).
Many of the members are prolific researchers in physics, and I've confirmed this through my school's research library. They're legitimate and deep in their fields. The chairman, Jeremy Dunning-Davies, for example, has not only published dozens [around 100] papers over the past couple decades, he's also been referenced in textbooks and dissertations.
This is a group of Ph.Ds in relating fields who believe in - and are financially backing through their company - GDTK. You now can be sure that GDTKs products and ideas aren't wildly exaggerated; they aren't just a sales pitch, they're real enough to convince experts who've taught concepts of the field for most of their lives.
I see the "Professor Robert W. Dibble of the University of California at Berkeley" quote, mentioned in the recent news article, thrown around a lot, if anything having Steriwave's support is far more impressive.
Financials apparently posted today: http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=55085
You seem to be confused as to what each of those amounts actually means. Here are some somewhat simplified explanations:
AS = authorized shares, not "amount of shares" (though they are somewhat similar in meaning), and it's the number of shares that, at the given time, the company may legally have in the market if they so wish (of course it may be increased should they ever want to increase the number of shares they want to sell, to an extent).
OS = Outstanding shares, the actual number of shares in the market including all restricted (locked up, etc.) and non-restricted shares.
Float = shares that are non-restricted and can trade hands in the typical way that you're used to. The ones held by the MMs, regular joes, and everyone in between who trades (or may trade freely) with each other.
The float's pretty basically what you had thought the OS was.
http://www.fool.com/investing/small-cap/2005/04/29/quotoutstanding-sharesquot-vs-quotfloatquot.aspx
Unless you're a company insider, the shares you own are very probably part of the float.
http://www.investopedia.com/terms/f/float.asp
If it can be traded by the public it's considered part of the float. The float decreases when the company buys back or performs a reverse split, etc.
Normal buyers and sellers do not affect the size of the float. When you buy shares you're buying a portion of the float, but you aren't making it something else - it's still part of the float.
Here's another simple resource:
http://en.wikipedia.org/wiki/Public_float
"is the number of outstanding shares in the hands of public investors as opposed to company officers, directors, or controlling-interest investors.[1] These are the shares that are available for trading."
Doesn't work that way. Float is shares that can be bought or sold, even if they're in investors hands, like yours and mine, they're still part of the float because we can still sell them. Float refers to unrestricted shares that can change hands without the company taking action. So even if you bought 1 billion shares, they would still be considered part of the float because you can just turn around and try to sell them whenever you want.
Market value is simply calculated by SharesOutstanding * price per share.
It's only up $1million because the outstanding shares has increased by 10 billion (10 billion * $0.0001 = $1 million).
Why do you believe the float's decreased? There was never any news about that...
Directly below those pictures, on the webpage, it says:
"Why we have to move our unit to a new location"
implying old pictures from the old site. Nothing to worry about IMO
My guess would be closer to 500-600+million. Maybe even closer to 1 billion. Unless that 300million day comes after two weeks of straight 100-200million days.
It's a big one, and it will be hard to move, but I still have a feeling it's going up eventually.
I've held this stock, and had it listed under "mystocks", since September. That's the reason I keep track of so much data related to it ;)
I know this very well. It's a main reason why I keep track of the information. The price of a stock is related very heavily to it's audience; an increase in audience can often cause an increase in price. It will take time, but it's nice to see that more people are adding it. If we could get a larger portion of the 229 followers to add, we might be able to draw even more to it.
This stock has a lot of potential, that's for sure.
EDIT: Also I'm sorry that I keep double posting. My mouse is giving me some problems.
I make habit of keeping track of certain numbers having to do with stocks I own; one of which is the number of people have the ticker under "my stocks". This one's certainly starting an upward trend in "my stocks". Here's some data:
Feb 24th: mystocks: 25
Mar 16th: mystocks: 24
Mar 17th: mystocks: 25
As you see, through February and March they stayed about stagnant. The next couple weeks saw very minor growth:
Mar 18th: mystocks: 26
Mar 22nd: mystocks: 27
But here's where it gets interesting; the past weekish (plus 1 Friday):
April 1st: mystocks: 28
April 4th: mystocks: 30
April 6th: mystocks: 35
April 8th: mystocks: 35
April 10th: mystocks: 42
Basically people have been adding it over the past week faster than in recent history. It's up 50% in just a few days.
Who knows whether this will continue or if it's steam is running out, but if you're hoping for a big increase in "mystocks" numbers, now's the time to look.
That all said, the number of followers hasn't made any notable changes in months.
I agree entirely.
People say what they want to believe and - more importantly - what they want everybody else to believe. The rationale for June/July was people thought they would be brining in revenues then (nothing's changed, really, so who knows maybe they were right, maybe they just wanted something to look forward to). Now we have the PR about the China conference in October which is somewhat more solid but still not a sure thing.
People will always say whatever they can to try to influence the market to their desires; if they hold many shares they probably want the price to go up, so they try to create demand through hype.
I'd very much like to see GDTK go up and I do hold shares, but I also definitely understand that this could be a long wait before there's any movement.
A bid's going to require a lot more volume. I'm patient though :)