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Today shows us a trading volume above average.
But if you look at the trades there is something strange. We can see that no trade has been made in almost 3 hours! From 11:50-14:21.
Isn't that a little strange?
Reading some of his previous posts my guess is he is using TA.
I am waiting for bigplay's return here...
Chefnippy: what could possibly be the benefit for GTEC to make a smokescreen? In my opinion there is no benefit.
They know they have to be taken seriously bij investors. So they can't say one thing and then out of the blue do another thing...
I don't believe it is a smokescreen.
Overconfidence? That would be foolish. Things like that don't happen in such companies do they?!
Maybe they want to express their confindence to persuade some big investors/institution to buy in? Who knows...
Let's see what the others have to say...
Chefnippy: I am thinking about the same things as you are. I had hoped to make a very big profit within a couple of months after the merger.
It will take longer, a lot longer, that's okay, I don't really mind.
But no reverse split, a pps of 2 dollar on OTC?!? It makes me wonder, I would be very surprised if they could make that happen. Will need a lot of exposure to accomplish this.
I am 99% sure they are not going to wait 3~5 years. Oh no that is not their style it seems to me. But I first thought uplisting would happen soon, say within 6 months. I now think it could take up to a year. We will see and I will stay long with my shares.
By the way you mentioned your average in an earlier posting, and you expressed your concerns. Well you are not alone. I bought at an average of 0.24 dollar. But unfortunately for me I am from The Netherland so I pay in €. When I started buying a few years ago the dollar was much more expensive. So my real average is about 0.30 dollar...
Long and Carl, you guys sure know how to pick out the positive points. For me, another major thing is that they have enough confidence to think about uplisting without doing a reverse split. Atleast thats what I believe was mentioned in the CC. We will sure need a lot of exposure to get and maintain a pps of 2 dollar (AMEX required?). If they think that could be possible ... let them make it happen!
For a few days I stated I wanted a dollar for every share I own, forget it. I now want 2 dollars for every share
Allthough this may sound exagerated, if GTEC and CCG Elite think it is possible who am I to say it's not )))
I don't know but I am getting tired of it. Maybe it's time for me to stop following GTEC on a daily basis. Just keep my shares and look again in 6 months or so ...
Positive conference call!
But is seems like the neverending sad story of GTEC: positive news and a pps that looses 3%... @#$#@$#!$%@
For all the posters that have given info about the conference call: Thank You Very Much!
Long you are absolutely right! I guess my negative-self was taking control of me
Let's be honest, a nice subtle rise of 5~10% every week gets us to great heights within a year! That is better than up one day down the next days, like we've seen before
Guess someone here will give us a brief summary of the conference call.
Yeah we deserve them free lekkerbekjes! We've been holding on to our shares and still so little reward Better days ahead I'd say.
Are you going to call in for the conference call?
Goodnight (not yet for the americano's)
Enthusiasm wears down fast. Almost no posting today. On other various boards there is even less activity on GTEC. But that has been that way for weeks now, ihub is the best!
You were all a little bit dissapointed by the rise of last Friday? I surely would have thought we would see a bigger climb...
Well lets head for the Q3 results... just kidding. First we are having a conference call on Tuesday, I hope someone of you guys will listen/participate and give us foreigners here a brief summary...TIA
After Tuesday we will see if news about uplisting comes and what Mr. Coulson and GTEC come up with to get and maintain a bigger pps in order to meet demands for uplisting.
It's just like Long said, it's all about exposure...
I have read that you can call a number and listen a replay. But my english listening capacities are not that good that I expect I can follow it live. Will be going too fast I guess... Reading things is easier because I can reread if I don't understand the first time
Is it likely that there will be a report or sumary of the conference call on the web?
Carl and/or Long,
Does one of you think there are downsides in the earnings report? I think we should have went higher than 0.31 dollar. Can it be people still have reasonable doubt because of statements in Q2 report? I can't find anything that would make me worrie ?!
TIA
Carl, I think we will need that coverage over other analists. We definitely have to get more attention. This way good news gives us little rise of the pps and I bet that it will be heading lower soon if we don't get a steady flow of PR's.
A lot of work to do for Mr. Coulson and his firm before we will have a decent pps so we can go to Nasdaq
Last two quarters (FY 2008) and complete FY 2007 combined with the possibility of going to nasdaq give GTEC a pps of:
eps 0.07 x p/e 15 = 1.05 dollar. Todays pps 0.31 dollar.
I vote GTEC becomes a confirmerd candidate. But I also am curious why someone would say it doesn't qualify (yet).
Now you have to make GTEC a confirmed candidate on your board with Promising Longterm Investments
Carl isn't it so that there were three months in between every report of JMDUtton? The next (and last) one would then come out around mid-April...
Edit:
Guess not, there are irregular intervals in between the reports and updates
_bbb_ you mean Tuesday I guess? I hope we will gap up.
Numbers are great for as far as I can judge. (I am not financially skilled!) Right ontrack to meet or beat the forecast.
Personally I had expected a little more than 0.31 today.
On the other hand: a slow but steady rise of pps is okay.
I have brought my train:
And the good news is it is going to leave this station within a week or so (I hope) we will be heading to the next station. My guess is there soon will be a PR about applying for Nasdaq and let's not forget the conference call on Tuesday...who knows what that will lead too. I want my dollar for each share )))
I am going to read the report more thoroughly, but a quick first glance tells me it is GOOD!
Congratulations to all longs.
Countdown before we leave the station
Let's get it running... _bbb_ bring your train too!
Long, you are very right about the silence, it hasn't done us any good. Attention for GTEC has been leaking away. You can see it on all the different message boards: almost no posts about GTEC. This board is by far the most active. I am looking forward to Q2 results and the wave of press-releases/news that will undoubtedly follow. They will have to if they are serious about uplisting...
Thats why it is so important that they are going to get some big investors to buy shares who will keep what they have bought. Now there are a lot of traders flippin' in and out. This way our pps is hardly able to get higher it seems.
I hope we will see a very big pop. But I think pps will rise to about 0.40 or so. JMDutton's 0.42 will be in the way. Also the high of oct 0.49 will be in the way. If somehow word would really get out maybe we would go up to 0.50~0.60 or so...
But there is always the possibility that I am too optimistic....
Long , thanks for the information! your posts will keep me busy until the quarterly results arrive.
ibox:
Long-vestor: in the table with the major holders you have forgotten to mention Mr. Rodrigo Arboledo with 500,000 shares?
Isn't it so that Mr. Wubo Cao holds 194,263,661 shares, some statement said "indirect" (so I thought this meant: through Verda International).
Or do Mr. Wubo Cao and Verda International both own (each) 194,263,661 shares ?!? I didn't think this is the case... ? Are you sure?
Disclaimer: If i am asking a dumb question you may just ignore me?
Let's get those earnings out! And then a conference call with some statements about the listing on Nasdaq. It's about time they get something out on that because:
"In super 8-k we said company was planning on a 1for7 reverse split – timing and exact ratio need to be approved by board. I would expect this to be resolved in calendar Q1."
And that's a qoute, I didn't make it up myself.
bigplay777, don't mind my writings, you shouldn't be confused about it
But you should indeed pay attention to Carl's and Long's posts. They do know what they are talking about. I hardly do.
O.k. guys point taken: "the greenview affaire" could be a bump in the road ahead/up. But on the other hand it think it is reasonable to assume that GTEC will be needing (extra) money: to build a new plant, to buy more patents for new products, do R&D. That 30 million will be money well spent...
http://www.greenviewcapital.com/past_investments.htm
Maybe someone can mail them to get more info: deadline and other details you all mentioned?
http://www.greenviewcapital.com/contact_us.htm
Well, next week will be exciting I think! Good luck all.
If you don't mind I'll give my opinion also. I hope different opinions form various persons will make us all wiser.
The reverse merger took place about 4 months ago. In the mean time not much attention was drawn. I personally had hoped that after the Roth conference in November 2007 more had happened to the pps.
Awareness will not come by itself. They will need a gimmick, I haven't thought about a buy back. To gather attention they are holding a CC after they have presented earnings. But then comes the difficult part: keeping the attention. This will take a constant "stream" of positive press releases.
Luckily there are a lot of things they can communicate about:
products in pipeline, listing on Nasdaq, reverse split, dividend (Carl52 has written good posts on this item).
Hello and a warm welcome to the new people. Welcome on board. I hope you all get rich with GTEC.
By the way, jdsgungho, you said you were a potential investor. I think it's your turn to slap the ask. Let's see what happens...
Up to a dollar.
I think Mrs Sung is making a nice flashy powerpoint-presentation to help present the Q2 results and to present the updated-outlook for the rest of 2008.
Wishfull thinking, not necesarilly unrealistic:
This presentation will convince some investors to buy in in GTEC big time... we will see the pps rise to 1 dollar or so next week (I hope)
Did Elsa Sung say anything about that exact date? Maybe she mentioned other interesting stuff you'd like to share with us?
Just like a few weeks ago a sudden rise. Is it just the high expectations about Q2 results? Or is other news out which I can't find?
It is 6 weeks after the quarter in question. This means 15th february because Q2 2008 ended Dec 31 2007. I hope there will be a very positive surprise in these earnings: maybe because Baobaole sells very well? Than a double within a few weeks is "guaranteed". News on listing on Nasdaq would also help to double. Otherwise maybe some news on the products in the pipeline. There are more than enough opportunities for us to be pleasantly surprised I guess.
For reporting on year results it is 10 weeks I believe.
Well I would like to double my position to 200.000 shares
Just kidding. I had planned to add 5 or 10.000 but @ 0.17~0.20. I am not sure if I am going to add tomorrow...
It looks like I will not get more shares for less than 0.24 ?
On the other hand: I don't think Q2 results will be sooner than Feb 10th ? So that leaves room to go down a little more ?
Bet you have got a trainload full of them...
I am thinking of adding a some when we go below 0.20 before Q2 earnings.
Jetzt geht's los!
I was wondering something. Before oct. 2007 GTEC was about 5% of my portfolio. Since then (the merger) I have sold about every stock in my PF to get more GTEC, now about 85% of it is GTEC. I think this is a little tricky but I really believe in GTEC. A pps of 1 dollar can/will be reached within 1 year. Are you guys heavily investing in GTEC or do you still have a more diversified portfolio?