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Everyone should do their own DD.
I posted this once earlier today:
Yesterday I posted this in response:
investorshub.advfn.com/boards/replies.aspx?msg=83402150
You then posted this:
http://investorshub.advfn.com/boards/replies.aspx?msg=83403541
Then I posted this:
http://investorshub.advfn.com/boards/replies.aspx?msg=83403779
You then posted this:
http://investorshub.advfn.com/boards/replies.aspx?msg=83405106
and this:
http://investorshub.advfn.com/boards/replies.aspx?msg=83405979
Then I posted this:
http://investorshub.advfn.com/boards/replies.aspx?msg=83406169
You then posted this:
http://investorshub.advfn.com/boards/replies.aspx?msg=83406572
Then I posted this:
http://investorshub.advfn.com/boards/replies.aspx?msg=83406773
And you did not respond.
Why is that?
I believe it is well established by the foregoing discussion that CORRECT algebra is needed and that millions of MBA's endure algebra in grad b school so they can do CORRECT stock issuance analyses, etc.
Are the millions of grad b school candidates wasting their time with the GMAT?
Are the thousands of grad b school stupid for not testing for "simple arithmetic" skill ONLY?
Still waiting for that CORRECTLY presented ALGEBRAIC analyses vis a' vis GOSY.
Why is that?
Otherwise, I believe Spencer's is correct here:
http://www.geckosystems.com/W_W_W
Don't you agree that managerial accounting requires an understanding of ALGEBRA and not just "simple arithmetic?"
mo-
Mech
I'm saying you do need algebraic formulas to read and interpret the company filings, add up the number of shares handed out, multiply the preferred shares at the conversion rate to get the number of common shares that the preferred shares can be converted into and then solving these ALGEBRAIC relationships gives you the answers!
For those that might not believe that the foregoing is ALGEBRA, here is a link to a definition:
http://en.wikipedia.org/wiki/Algebra
Hope this helps-
Cheers!
BTW, the stock issuance ALGEBRA is STILL WRONG. Is anyone that understands CORRECT ALGEBRA, Spencer?
Still askin'
mo-
Mech
GOSY's tech gives it "first mover" opp!
Here's a list of the tech they have invented over the last 15 years with only $1.7M in cash:
Led AI Mobile Service Robot inventions of:
--GeckoNav™ http://www.geckosystems.com/high_level/geckonav.php
--GeckoChat™ http://www.geckosystems.com/high_level/geckochat.php
--GeckoSuper™ http://www.geckosystems.com/high_level/geckosuper.php
--GeckoScheduler™ http://www.geckosystems.com/high_level/geckoscheduler.php
--GeckoImager™ http://www.geckosystems.com/low_level/geckoimager.php
--GeckoMotorController™ http://www.geckosystems.com/low_level/geckomotor.php
--GeckoOrient™ http://www.geckosystems.com/low_level/geckoorient.php
--GeckoSteer™ http://www.geckosystems.com/low_level/geckosteer.php
--GeckoSPIO™ http://www.geckosystems.com/low_level/geckospio.php
Mobile robot software development utilities:
--GeckoZap™
--GeckoVerify™
--GeckoConfigEd™
Thus providing "mobile robot solutions for safety, security, and service™" and the CareBot™, SafePath™ wheelchairs, BaseBot™, etc. that are portable, extensible and readily capable of enabling high levels of autonomy for mobile platforms not of GeckoSystems' design. For example, existing power wheelchairs may be upgraded to SafePath Enabled™ to be "collision proof."
Since I am the only one posting here about the need and importance of CORRECT ALGEBRA, are you saying that I must be Spencer?
These are the ONLY posts saying the ALGEBRA is WRONG (today) and they are ALL by ME:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=83440327
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=83445354
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=83443230
So you ARE saying that I am Spencer!
mo-
Mech
ALGEBRA is REQUIRED.
Perhaps this will help:
X convertible preferred shares EQUALS Y common shares.
Correct?
That is saying that if one has 25 apples and the conversion is 1 apple for 20 oranges, then the 25 apples can be exchanged for 500 oranges.
Now if I have 400 apples, how many oranges can I trade them for?
Sounds like an ALGEBRAIC manipulation to me. It's called "ratio and proportions" in ALGEBRA.
Your ALGEBRA is still WRONG, imo-
Sometimes words are not enough...
This is why the GMAT tests ALGEBRA for all those wishing to attend a reputable grad b school.....
This was all explained earlier here:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=83440327
An ALGEBRAICALLY CORRECT analysis of GOSY's stock issuance is here:
http://www.geckosystems.com/W_W_W
mo-
Mech
The ALGEBRA is WRONG here:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=83440454
and here:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=83441541
This is why:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=83440327
Correct ALGEBRA is needed here.
Too bad it isn't CORRECT.
mo-
Mech
Over 120 public videos of CareBots in action!
4 videos here in public venues:
http://www.geckosystems.com/timeline/?year=2011
4 eldercare alpha trial videos:
(Some with elderly family members, now deceased. The family members were never in assisted care or nursing homes, but allowed to stay at home with dignity and privacy. Family is always first with GeckoSystems. Most folks consider "family first," too.)
http://www.geckosystems.com/timeline/?year=2010
18 videos here in public venues:
http://www.geckosystems.com/timeline/?year=2009
http://www.geckosystems.com/timeline/?year=2007
12 videos here in public venues:
http://www.geckosystems.com/timeline/?year=2006
5 videos here in public venues:
http://www.geckosystems.com/timeline/?year=2005
16 videos here in public venues:
http://www.geckosystems.com/timeline/?year=2004
60 videos here in public venues:
http://www.geckosystems.com/timeline/?year=2003
http://www.geckosystems.com/timeline/2002/images/DCP00216.jpg
http://www.geckosystems.com/timeline/2001/images/DCP00206.jpg
http://www.geckosystems.com/timeline/2000/images/Pow%20Wow%20photo%2002.JPG
http://www.geckosystems.com/timeline/1998/images/imageFPK.JPG
Over 100 videos in public venues viewed by non GOSY affiliates, authenticating the reality of GOSY's world class "mobile robot solutions for safety, security, and service."
No joysticks, no "man behind the curtain," and no "staged" demonstrations!
Facts be facts-
Is this ZMP evaluating GOSY's BaseBot?
Yesterday I posted this in response:
http://investorshub.advfn.com/boards/replies.aspx?msg=83402150
You then posted this:
http://investorshub.advfn.com/boards/replies.aspx?msg=83403541
Then I posted this:
http://investorshub.advfn.com/boards/replies.aspx?msg=83403779
You then posted this:
http://investorshub.advfn.com/boards/replies.aspx?msg=83405106
and this:
http://investorshub.advfn.com/boards/replies.aspx?msg=83405979
Then I posted this:
http://investorshub.advfn.com/boards/replies.aspx?msg=83406169
You then posted this:
http://investorshub.advfn.com/boards/replies.aspx?msg=83406572
Then I posted this:
http://investorshub.advfn.com/boards/replies.aspx?msg=83406773
And you did not respond.
Why is that?
I believe it is well established by the foregoing discussion that CORRECT algebra is needed and that millions of MBA's endure algebra in grad b school so they can do CORRECT stock issuance analyses, etc.
Are the millions of grad b school candidates wasting their time with the GMAT?
Are the thousands of grad b school stupid for not testing for "simple arithmetic" skill ONLY?
Still waiting for that CORRECTLY presented ALGEBRAIC analyses vis a' vis GOSY.
Why is that?
Otherwise, I believe Spencer's is correct here:
http://www.geckosystems.com/W_W_W
Don't you agree that managerial accounting requires an understanding of ALGEBRA and not just "simple arithmetic?"
mo-
Mech
You are right, Xena! Nursing homes are a two edged sword-
on one hand they are very expensive.
"slums" are $3.5-4K per month
national average is $4.5K per month
the economics are so bad that 50% of all nursing homes in FL are in bankruptcy-
now for the sharper edge of the sword-
there is a huge emotional trauma to the beloved parents that sends them into depression and they die in 1-2 years!
whereas, staying in their own home of 20-30+ years, they may live another 5-10 years!
so what does the family, adult children, want?
to keep their beloved parent as safe and comfortable such that their twilight years can be as good as they can be-
hence the extraordinary means of keeping grandma at home as long as possible.
I do not see the carebot eliminating nursing homes, but putting off that loss of independence as long as is possible-
those that have had direct eldercare responsibility understand the foregoing very, very well!
so tech is great from GOSY to put "family first"
mo-
Mech
GeckoSystems Named One of Eight Key Market Players in Service Robotics Industry
CONYERS, Ga., October 11, 2012 -- GeckoSystems Intl. Corp. (Pink Sheets: GOSY | www.geckosystems.com/) announced today that an internationally renowned market research firm, Research and Markets, recently deemed GeckoSystems to be one of eight key market players in the service robotics industry. For fifteen years GeckoSystems has dedicated itself to development of Mobile Robot Solutions for Safety, Security and Service™.
Research and Markets stated in their report, "Personal & Professional Service Robotics Market - Global Forecast & Assessment by Applications & Geography (2012 - 2017," that:
"The key market players in service robotics industry are Honda Motors (Japan), iRobot (U.S.), AB Electrolux (Sweden), Sony (Japan), Fujitsu (Japan), Toyota (Japan), GeckoSystems (U.S.), and Yujin Robot (South Korea)."
http://www.researchandmarkets.com/publication/9rvoof/personal_professional_service_robotics_mark
"We are pleased that the experienced market researchers at Research and Markets are sufficiently astute to accept that small service robot firms, such as GeckoSystems, can nonetheless develop advanced technologies and products as well as much larger, multi-billion dollar corporations such as Honda, iRobot, Sony, Toyota, etc.," reflected Martin Spencer, CEO, GeckoSystems.
In this Research and Markets report, they state:
"The global service robotics market in 2011 was worth $18.39 billion. This market is valued at $20.73 billion in 2012 and expected to reach $46.18 billion by 2017 at an estimated CAGR of 17.4% from 2012 to 2017. The market is driven by factors like ageing population, value enhancement by robots, increasing grants and funds by governments, increasing venture capital investments in service robotics companies, enhancements in complementary technologies and integration of robotics with mobile technologies, other smart products, and appliances."
GeckoSystems projects the available market size in dollars for cost effective, utilitarian, multitasking eldercare personal robots in 2013 to be $74.0B, in 2014 to be $77B, in 2015 to be $80B, in 2016 to be $83.3B, and in 2017 to be $86.6B. With market penetrations of 0.03% in 2013, 0.06% in 2014, 0.22% in 2015, 0.53% in 2016, and 0.81% in 2017, we anticipate CareBot sales, from this consumer market segment, only, of $22.0M, $44.0M, $176M, $440.2M, and $704.3M, respectively. The company is presently securing funding for manufacturing, marketing and final beta testing of their CareBot.
"From our humble beginnings on a kitchen table and a two car garage over fifteen years ago, we have demonstrated publicly for companies such as JC Penney, Honeywell, Dell, Ketchum-Crescent, Ember Industries, Future Electronics, Chubb Insurance, Alexian Brothers, Stryker Corp., Allied Plastics, Samsung, Mitsubishi, Hewlett-Packard, to groups of children in schools and to elderly in their homes and nursing homes. CareBot prototypes have been publicly demonstrated at the Robotics Institute of America (RIA), RoboBusiness trade shows, and numerous local computer shows.
"We believe that critical mass has now been achieved in the service robotics industry. Modern computer and optic technology has brought cost reductions that enable us to introduce advanced Mobile Service Robots to the retail market for use in elder care, security, and of course our SafePath(tm) wheelchair which is in the final stages of pre-production engineering." observed Spencer. "In light of increased government support for robotic health care assistance in the EU, Japan, China, and other countries around the globe, we feel that our market scope estimates are extremely conservative."
About Research and Markets:
Research and Markets is the leading source for international market research and market data. They hold thousands of major research publications from most of the leading publishers, consultants and analysts. They provide their clients with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Research and Markets
Guinness Centre,
Taylors Lane,
Dublin 8,
Ireland.
http://www.researchandmarkets.com/
Financial reasons why is GOSY undervalued:
1. Compliance with Federal Accounting Standards Board's (FASB, http://www.fasb.org/ ) Generally Accepted Accounting Principles (GAAP) distorts the true economic condition and performance of the company.
This is due to the requirement to expense 100% of all R&D in the year incurred. Hence a complete writeoff of all R&D expenditures, regardless of present and/or future value to ZERO. This required compliance with GAAP forces the Development Stage company to place no assets on their Balance Sheet on the proprietary Intellectual Properties (IP) regardless of the level of probability of future revenues from their R&D activities.
2. Federal and state tax laws also distort the true economic condition and performance of GOSY.
This is due to the requirement to prepare financials in accordance with FASB 's GAAP for tax filings. This required compliance with GAAP forces GOSY as a Development Stage company to place no assets on their Balance Sheet on the proprietary Intellectual Properties (IP) regardless of the level of probability of future revenues from their R&D activities.
3. European Unon (EU) accounting standards, if applied to GOSY's financials, would portray the true economic condition and performance of the company much more realistically.
This is due to the requirement to expense only 50% (not 100%) of all R&D in the year incurred. Hence since not a 100% writeoff, 50% is carried as assets on the balance sheet. This fairly reflects the net worth of a Development Stage company from the EU perspective. The EU requires only a 50% writeoff of all R&D expenditures. This simple accounting change would dramatically flip GOSY's net worth and stockholder equity deep into positive territory.
This required compliance with GAAP forces GOSY --as a Development Stage company-- to place no assets on their Balance Sheet on the proprietary Intellectual Properties (IP) regardless of the level of probability of future revenues from their R&D activities.
4. Ignoring discounted cash flow (DCF) analyses of GOSY's financial pro formas lowers the net present value (NPV) of future net profits of GOSY regardless of hurdle rate (minimum ROI) determined as sufficient for the level of risk.
Ignoring increased stockholder dividends due to significant tax loss carry forwards (which reduces taxes due for several years and hence increases the aftertax income available for distribution as stock dividends to stockholders) distorts by lowering the net present value (NPV) of future dividend payments to GOSY stockholders regardless of hurdle rate used.
The long and short of it all?
GOSY's $8,000,000 in expenditures the last 15 years does not show up on the Balance Sheet due to compliance with GAAP.
NOT because the IP has little or no value.
That reality definitely undervalues GOSY's IP!
mo-
Mech
Spencer has an excellent, professional business education:
Executive MBA in 1987 from J. Mack Robinson College of Business, Georgia State University, Atlanta, GA
Ranked 64th worldwide among EMBA programs by Financial Times
http://www.robinson.gsu.edu/emba
BS-Mathematics in 1982 from Georgia State University with emphasis in statistical analysis, minors in physics and marketing.
Just to be clear, are you saying that Spencer has low, or no morals, despite his morality, ethics and spirituality training during his confirmation into Methodism and that is why he will never admit any losses to Wallace? Hence Methodism confirmation "doesn't work?" A few hundreds of millions of Methodists might disagree with those that say otherwise.
Personally I see "family first" as a basic tenet of all the world's religions. GOSY puts "family first" no doubt due in part to Spencer's adherence to a morality system learned while in elementary school and completing his confirmation into Methodism.
Don't you agree?
Mech
...spence has refused to remove the headline and temp order regarding his request against Wallace.
Algebra IS required.
I believe that the Graduate Management Admission Test (GMAT) tests for level of algebra comprehension prior to admission at GSU, or any other top ranked b school.
Since GSU is world ranked, I suspect the requirement that all their applicants must pass the ALGEBRA test has to do with FUNDAMENTAL skills needed by those pursuing a Masters in Business Administration.
I would have expected Spencer to do very well on that portion of the GMAT.
So it is intuitively obvious to this casual observer that ALGEBRA is needed daily in any kind of business metrics and/or decision science. Not my opinion, GSU's and tens of millions of MBA's!
Mech
Since Spencer has a degree in mathematics with an emphasis in statistical analysis AND an MBA from an internationally ranked business school, yes, I believe GOSY's analyses. The Spencers attest to that at the end of their financials.
So,sorry, perhaps some believe algebraic manipulations are being portrayed here. I do not.
All I see, and I am NOT a degreed mathematician, is lots of numbers stacked in rows and columns with NO algebraic symbols revealed ANYWHERE.
Just arranging lots of numbers in rows and columns do not make any logical sense to me as to their algebraic relationships.
Hence, the courtesy of portraying the algebraic manipulations would be most appreciated.
I do not expect to see those algebraic manipulations since each time I ask, the response is still lots of numbers in rows and columns with NO FORMULAS anywhere that would enable this person to believe that the algebra was done correctly.
Algebra, as we all know, is all about formulas.
I have seen NONE. Only GOSY's algebra, here, is correct, imho:
http://www.geckosystems.com/W_W_W/Analysis_of_Share_Structure.pdf
So still waiting for those algebraic manipulations to be revealed, but without any more FALSE premises. Thank you!
mo-
Mech
That analysis starts out with a false premise!
It is a false premise based on nothing but speculation that: "if the preferred were converted to common..."
Why?
The Spencers got their preferred shares by converting several hundred million shares from common to preferred. Therefore any assumption that those preferred shares would be converted back to common is completely false!
And all the math and "claims" that follow are mangled algebra and "do not follow" correctly at all.
And, the URL's missing are the ones (no surprise) where the Spencers converted their common to preferred.
Here, this is not 3rd grade simple arithmetic, but 8th grade algebra.
I do know the difference, unless one is using ancient sanskrit analysis --which I do not understand why anyone would insist on using that antiquated numerical technique-- to do stock issuance analysis.
I have no clue why anyone would insist on using that thoroughly disproven approach as being completely without any scientific basis whatsoever.
What's your guess?
mo-
Mech
????????????.............
Issued 95% of GOSY's O/S to 5 people, himself, 2 relatives and 2 stock promoters.
Should I hold my breath waiting...
...for a confirmatory URL?
Wallace was appointed a trustee...
Georgia State University
BS, Mathematics
1980 – 1982
Earned minors in physics (due to EE coursework at UMR) and marketing.
.
Emphasis in statistical analysis in math degree.
.
Activities and Societies: Founded GSU Math Club. . Member Pi Sigma Epsilon (marketing fraternity)
Spencer's PROFITABLE management of four consumer electronics stores is impressive:
Vice President/General Manager
Mid America Audo Group, Inc.
January 1974 – December 1979 (6 years)
Opened and managed 4 car and home stereo equipment stores
Yes, due to Spencer's honesty, morality, and integrity, he has worked for first tier aerospace companies:
Manager, Strategic Planning and Diversification
Hughes Aircraft Company
Public Company; 10,001+ employees; GMH; Defense & Space industry
September 1989 – December 1991 (2 years 4 months)
Direct report to president of SpectroLab.
Led strategic planning for commercialization ventures
Director of Marketing
Schaefer Magnetics, Inc.
September 1987 – August 1989 (2 years)
Marketing of robotic actuators to spaceflight industry.
GeckoSystems Named One of Eight Key Market Players in Service Robotics Industry
CONYERS, Ga., October 11, 2012 -- GeckoSystems Intl. Corp. (Pink Sheets: GOSY | www.geckosystems.com/) announced today that an internationally renowned market research firm, Research and Markets, recently deemed GeckoSystems to be one of eight key market players in the service robotics industry. For fifteen years GeckoSystems has dedicated itself to development of Mobile Robot Solutions for Safety, Security and Service™.
Research and Markets stated in their report, "Personal & Professional Service Robotics Market - Global Forecast & Assessment by Applications & Geography (2012 - 2017," that:
"The key market players in service robotics industry are Honda Motors (Japan), iRobot (U.S.), AB Electrolux (Sweden), Sony (Japan), Fujitsu (Japan), Toyota (Japan), GeckoSystems (U.S.), and Yujin Robot (South Korea)."
http://www.researchandmarkets.com/publication/9rvoof/personal_professional_service_robotics_mark
"We are pleased that the experienced market researchers at Research and Markets are sufficiently astute to accept that small service robot firms, such as GeckoSystems, can nonetheless develop advanced technologies and products as well as much larger, multi-billion dollar corporations such as Honda, iRobot, Sony, Toyota, etc.," reflected Martin Spencer, CEO, GeckoSystems.
In this Research and Markets report, they state:
"The global service robotics market in 2011 was worth $18.39 billion. This market is valued at $20.73 billion in 2012 and expected to reach $46.18 billion by 2017 at an estimated CAGR of 17.4% from 2012 to 2017. The market is driven by factors like ageing population, value enhancement by robots, increasing grants and funds by governments, increasing venture capital investments in service robotics companies, enhancements in complementary technologies and integration of robotics with mobile technologies, other smart products, and appliances."
GeckoSystems projects the available market size in dollars for cost effective, utilitarian, multitasking eldercare personal robots in 2013 to be $74.0B, in 2014 to be $77B, in 2015 to be $80B, in 2016 to be $83.3B, and in 2017 to be $86.6B. With market penetrations of 0.03% in 2013, 0.06% in 2014, 0.22% in 2015, 0.53% in 2016, and 0.81% in 2017, we anticipate CareBot sales, from this consumer market segment, only, of $22.0M, $44.0M, $176M, $440.2M, and $704.3M, respectively. The company is presently securing funding for manufacturing, marketing and final beta testing of their CareBot.
"From our humble beginnings on a kitchen table and a two car garage over fifteen years ago, we have demonstrated publicly for companies such as JC Penney, Honeywell, Dell, Ketchum-Crescent, Ember Industries, Future Electronics, Chubb Insurance, Alexian Brothers, Stryker Corp., Allied Plastics, Samsung, Mitsubishi, Hewlett-Packard, to groups of children in schools and to elderly in their homes and nursing homes. CareBot prototypes have been publicly demonstrated at the Robotics Institute of America (RIA), RoboBusiness trade shows, and numerous local computer shows.
"We believe that critical mass has now been achieved in the service robotics industry. Modern computer and optic technology has brought cost reductions that enable us to introduce advanced Mobile Service Robots to the retail market for use in elder care, security, and of course our SafePath(tm) wheelchair which is in the final stages of pre-production engineering." observed Spencer. "In light of increased government support for robotic health care assistance in the EU, Japan, China, and other countries around the globe, we feel that our market scope estimates are extremely conservative."
About Research and Markets:
Research and Markets is the leading source for international market research and market data. They hold thousands of major research publications from most of the leading publishers, consultants and analysts. They provide their clients with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Research and Markets
Guinness Centre,
Taylors Lane,
Dublin 8,
Ireland.
http://www.researchandmarkets.com/
Financial reasons why is GOSY undervalued:
1. Compliance with Federal Accounting Standards Board's (FASB, http://www.fasb.org/ ) Generally Accepted Accounting Principles (GAAP) distorts the true economic condition and performance of the company.
This is due to the requirement to expense 100% of all R&D in the year incurred. Hence a complete writeoff of all R&D expenditures, regardless of present and/or future value to ZERO. This required compliance with GAAP forces the Development Stage company to place no assets on their Balance Sheet on the proprietary Intellectual Properties (IP) regardless of the level of probability of future revenues from their R&D activities.
2. Federal and state tax laws also distort the true economic condition and performance of GOSY.
This is due to the requirement to prepare financials in accordance with FASB 's GAAP for tax filings. This required compliance with GAAP forces GOSY as a Development Stage company to place no assets on their Balance Sheet on the proprietary Intellectual Properties (IP) regardless of the level of probability of future revenues from their R&D activities.
3. European Unon (EU) accounting standards, if applied to GOSY's financials, would portray the true economic condition and performance of the company much more realistically.
This is due to the requirement to expense only 50% (not 100%) of all R&D in the year incurred. Hence since not a 100% writeoff, 50% is carried as assets on the balance sheet. This fairly reflects the net worth of a Development Stage company from the EU perspective. The EU requires only a 50% writeoff of all R&D expenditures. This simple accounting change would dramatically flip GOSY's net worth and stockholder equity deep into positive territory.
This required compliance with GAAP forces GOSY --as a Development Stage company-- to place no assets on their Balance Sheet on the proprietary Intellectual Properties (IP) regardless of the level of probability of future revenues from their R&D activities.
4. Ignoring discounted cash flow (DCF) analyses of GOSY's financial pro formas lowers the net present value (NPV) of future net profits of GOSY regardless of hurdle rate (minimum ROI) determined as sufficient for the level of risk.
Ignoring increased stockholder dividends due to significant tax loss carry forwards (which reduces taxes due for several years and hence increases the aftertax income available for distribution as stock dividends to stockholders) distorts by lowering the net present value (NPV) of future dividend payments to GOSY stockholders regardless of hurdle rate used.
The long and short of it all?
GOSY's $8,000,000 in expenditures the last 15 years does not show up on the Balance Sheet due to compliance with GAAP.
NOT because the IP has little or no value.
That reality definitely undervalues GOSY's IP!
mo-
Mech
Spencer is a Vietnam veteran!
Aircraft Electrician/Aircraft Instrument Repairman
U.S. Army Aviation
Government Agency; 10,001+ employees; Military industry
June 1969 – December 1971 (2 years 7 months) Soctrang, Vietnam
MOS: 68F30
16 week Aircraft Electrician, 68F20, 2nd in class, promoted to Specialist 4th Class (E4)
12 week Aircraft Instrument Repairman, 68F30, 2nd in class.
Worked on Huey slicks and gunships in the IV Corps (Mekong Delta of Vietnam).
???????????................
The man has no shame.
Volunteer Tutor
Williamson County Volunteer Program Juvenile Services
Social Services
February 1997 – December 1999 (2 years 11 months)
Worked as a volunteer math tutor for teenage boys incarcerated at the Williamson County Juvenile Detention Center, Georgetown, TX. I was vetted by the Williamson County Sheriff's Department before being allowed to tutor the young men. Worked to instill confidence and skill in their ability and competence to solve algebraic engineering problems.
???????????................
Another roger lie.
Yeah, you are probably right.
Wallace is Superman.
The Spencers are nitwits.
Of course Judge Irwin's decision is no big surprise.
This has been Wallace corrupting due legal process from the get go.
Now that the Spencers have judicial confirmation that the validity of the stalking charges against Wallace ARE actionable, but not under GA long arm law that would enable FELONY ARREST of Wallace in VA.
As prudent as the Spencers are, I would expect them to go the the Atlanta FBI office this week and present the 400+ violations that Wallace et al committed during the 30 days that the Temporary Protection Order was valid.
The issue here is not the validity of the harassment and cyber stalking of the Spencers, but the need for Federal law enforcement to be brought into the investigation since the FBI spans state lines for CRIMINAL law enforcement.
Don't you agree?
mo-
Mech
nursing homes are a two edged sword-
on one hand they are very expensive.
"slums" are $3.5-4K per month
national average is $4.5K per month
the economics are so bad that 50% of all nursing homes in FL are in bankruptcy-
now for the sharper edge of the sword-
there is a huge emotional trauma to the beloved parents that sends them into depression and they die in 1-2 years!
whereas, staying in their own home of 20-30+ years, they may live another 5-10 years!
so what does the family, adult children, want?
to keep their beloved parent as safe and comfortable such that their twilight years can be as good as they can be-
hence the extraordinary means of keeping grandma at home as long as possible.
I do not see the carebot eliminating nursing homes, but putting off that loss of independence as long as is possible-
those that have had direct eldercare responsibility understand the foregoing very, very well!
so tech is great from GOSY to put "family first"
mo-
Mech
GOSY's tech gives it "first mover" opp in school safety!
Here's a list of the tech they have invented over the last 15 years with only $1.7M in cash:
Led AI Mobile Service Robot inventions of:
--GeckoNav™ www.geckosystems.com/high_level/geckonav.php
--GeckoChat™ http://www.geckosystems.com/high_level/geckochat.php
--GeckoSuper™ http://www.geckosystems.com/high_level/geckosuper.php
--GeckoScheduler™ http://www.geckosystems.com/high_level/geckoscheduler.php
--GeckoImager™ http://www.geckosystems.com/low_level/geckoimager.php
--GeckoMotorController™ http://www.geckosystems.com/low_level/geckomotor.php
--GeckoOrient™ http://www.geckosystems.com/low_level/geckoorient.php
--GeckoSteer™ http://www.geckosystems.com/low_level/geckosteer.php
--GeckoSPIO™ http://www.geckosystems.com/low_level/geckospio.php
Mobile robot software development utilities:
--GeckoZap™
--GeckoVerify™
--GeckoConfigEd™ Thus providing "mobile robot solutions for safety, security, and service™" and the CareBot™, SafePath™ wheelchairs, BaseBot™, etc. that are portable, extensible and readily capable of enabling high levels of autonomy for mobile platforms not of GeckoSystems' design. For example, existing power wheelchairs may be upgraded to SafePath Enabled™ to be "collision proof."
Since you asked:
http://www.geckosystems.com/W_W_W
Sometimes words are not enough...
mo-
Mech
Precisely, how is GOSY exploiting a tragedy here?
Aren't nursing homes tragic?
Isn't the safety of children important to us all?
So how is GOSY exploiting anything here?
No URL's have been provided confirming any activity of GOSY's here.
Why is that?
mo-
Mech
So GOSY's desire to improve safety for our children using 21st century tech is a bad idea?
We should use 20th century?
Should we use 19th century?
How about 18th century?
So GOSY should not even try to improve the safety and well being of our children, chronically ill, or elderly?
Still asking-
Mech
Yes, it does.
mo-
Mech
That analysis starts out with a false premise!
It is a false premise based on nothing but speculation that: "if the preferred were converted to common..."
Why?
The Spencers got their preferred shares by converting several hundred million shares from common to preferred. Therefore any assumption that those preferred shares would be converted back to common is completely false!
And all the math and "claims" that follow is mangled algebra and "does not follow" correctly at all.
And, the URL's missing are the ones (no surprise) where the Spencers converted their common to preferred.
The first sentence of that "95%" analysis defies common sense at best, and is completely erroneous at worst.
mo-
Mech
One doesn't need algebra to see that 95% of the O/S went to the big 5.
Just simple arithmetic.
Sorry, perhaps some believe algebraic manipulations are being portrayed here. I do not.
All I see, and I am NOT a degreed mathematician, is lots of numbers in rows and columns with NO algebraic symbols revealed ANYWHERE.
Those lots of numbers in rows and columns do not make any logical sense to me as to their algebraic relationships.
Hence, the courtesy of portraying the algebraic manipulations would be most appreciated.
I do not expect to see those algebraic manipulations since each time I ask, the response is still lots of numbers in rows and columns with NO FORMULAS anywhere that would enable this person to believe that the algebra was done correctly.
Algebra, as we all know, is all about formulas.
I have seen NONE. Only GOSY's algebra, here, is correct, imho:
http://www.geckosystems.com/W_W_W
So still waiting for those algebraic manipulations to be revealed supporting your position.
Thank you for that DD!
Please provide the algebra that supports your claims that Spencer has not done a correct issued shares analysis or portrayal. Then we can determine if that algebraic portrayal is correct in our independent perspectives. Unless the algebraic manipulations are revealed, there is simply no way one can determine the whether those algebraic manipulations are correct or not. Otherwise, failing that proof, I continue to believe that Spencer, as a degreed mathematician with an MBA, understands decision science very, VERY well.
Don't you agree?
mo-
Mech
Spencer's algebra is CORRECT here:
http://www.geckosystems.com/W_W_W
Please show the precise errors in his math. He does have a BS degree in mathematics:
Georgia State University
BS, Mathematics
1980 – 1982
Earned minors in physics (due to EE coursework at UMR) and marketing.
.
Emphasis in statistical analysis in math degree.
.
Activities and Societies: Founded GSU Math Club. . Member Pi Sigma Epsilon (marketing fraternity)
In this time period assisted in development of world's first two legged walking robot, CURBi. (Clemson University Robotic Biped in 1986-7.)
Instrumental in development of world's first bipedal walking robot, CURBi (Clemson University Robotic Biped). Introduced CURBi at the Machine Design Show, McCormick Place, Chicago, March of 1987.
Here's the URL you asked for:
Anaylsis of GOSYs Share Structure
For those who want to see the real analysis with correct arithmetic and algebra, go here:
http://www.geckosystems.com/W_W_W/Analysis_of_Share_Structure.pdf
Manager, Strategic Planning and Diversification
Hughes Aircraft Company
Public Company; 10,001+ employees; GMH; Defense & Space industry
September 1989 – December 1991 (2 years 4 months)
Direct report to president of SpectroLab.
Led strategic planning for commercialization ventures
Director of Marketing
Schaefer Magnetics, Inc.
September 1987 – August 1989 (2 years)
Marketing of robotic actuators to spaceflight industry.
Regional Sales Manager
Harmonic Drive Div. of Emhart Corp. (acquired by Black & Decker)
October 1982 – September 1987 (5 years)
Business development and technical support for harmonic drive usage in advanced robotic and automation systems.
In this time period assisted in development of world's first two legged walking robot, CURBi. (Clemson University Robotic Biped in 1986-7.)
IBM's R&D for first commercial, industrial robot, the Enterprise.
General Electric's R&D for cloning of Hitachi’s P-50 industrial robot.
Texas Instruments' R&D for 5th generation industrial robots.
Hathaway Instruments' R&D for advanced robotic actuators: Developed high density, high torque world class Hathaway/Harmonic Drive actuator
Honeywell's Sperry Flight Systems' R&D for space flight robotic actuators.
Vice President/General Manager
Mid America Audo Group, Inc.
January 1974 – December 1979 (6 years)
Opened and managed 4 car and home stereo equipment stores.
Regional Sales Manager
Morse Electro Products, Inc.
September 1972 – December 1973 (1 year 4 months)
Sold consumer (car and home stereo) electronics and serviced 100+ retailers including Walmarts, Kmarts, Truevalue Hardware stores, brown and white goods regional chains and independents, etc.
Won Morse-Electro President's Salesman of the Year for the midwestern region.
I fail to comprehend, in any manner whatsoever, how putting "family first" is anything other than HONORABLE.
Georgia State University
BS, Mathematics
1980 – 1982
Earned minors in physics (due to EE coursework at UMR) and marketing.
.
Emphasis in statistical analysis in math degree.
.
Activities and Societies: Founded GSU Math Club. . Member Pi Sigma Epsilon (marketing fraternity)