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Well, I guess so far it's a little disappointing for us all. We will have to see what happens in the near future. News on the dividend for US shareholders or news on listing on another board will help definitely. Otherwise we'll have to wait for the results for the 2nd quarter 2008.
We will see by the end of the day if you are right.
These sure are days full of gut wrenchings ups and downs as someone said before. I am curious how many more of these we will see before we get some real guidance and/or earnings.
I am hesitating to sell my other shares to be able to buy more GTEC. Still think 0.28 is cheap. If not a bargain when we look back in a few months. Only problem is if I sell my other shares and buy more GTEC all my eggs would be in one basket
(Is that the rigt expression ?)
O.k. I thought you had to be a shareholder at the date of 1st October. That would seem logical. But the way you state it would be even better for all of us I guess. True I shouldn't be a reason to buy/sell/hold.
Carl thanks for elaborating. Much clearer to me now. I remember I've read your estimates about this one-time dividend before but didn't realise exactly what it ment, now I do. Will be a nice little bonus, I had only 24.000 shares of gtec when the merger took place. But all money is welcome!
Have you guys seen the earnings report of Speedhaull? That's good right (but not extraordinary) ? GTEC still holds about 8.5 million shares of SPEH I think.
Have a good weekend all.
Pitty that we didn't have some great news this week. But on the other hand, we all can wait some more days. The outcome of it all will not change. A double, triple or maybe more pps.
Furthermore I think by not rushing anything, GTEC and PR-firm make clear that they want to do things right.
Hold on longs!
I hate it when they keep us unknowing and uninformed. Give us some news to trade on... I want to some some real action today. We have waited long enough.
Damn, still no earnings and still no form 8k.
Well let's just hope we'll rise antoher 4 cents like yesterday, then I'll still be happy. I guess you guys (and girls) will settle for that too...
Little dissapointing I guess. But lets keep up the good spirit and the steady rise of the pps.
If that $3 of yours would become reality, oh man, then finally I'm gonna make some money. That would surely make up for the years since 2000 when I got in to this stock.
Why do they do that? To make the coming report look even better or what ?
It's now 14:30 here in Holland.
Still cannot find a PR about earnings. I think it will be released after hours...
Today is the big day. Let's find out what GTEC has in store for us.
Hope the erarnings report will be out before opening of the exchange. You guys should get out of bed, get up, be there when the report hits the streets! Gooud luck to all!
Huh, that's strange. Maybe because I'm from Holland. The bits and bytes can't make that long distance
http://www.genesis-china.net/ I can't reach the site. Can you? Maybe they are updating it. Needed a lot of work since the first of october, site became a little outdated. I think earnings report and consequent pps rise will draw a lot of people to their site. GTEC board wants the right/complete info on their new site I guess.
Everyone: good luck tomorrow!
I don't want her to sing, lets rock & roll.
Hey Mr. Wubo, please hurry up with that earningsreport.
Not bad at all: congrats!
Then lend me money I have ran out...
I really hope that everybody whose buying at this dip will be properly rewarded.
I wish I had more money. Buying opportunities at 0.26 and maybe a little lower. Pffff... Getting in at these levels couldn't go wrong you would say... or will there be a nasty surprise?
Are you guys too counting down for the earnings? It's painfull that the pps is lowering every day. But keep in mind that it is only going to be a loss on paper. In a couple of hours we will all have made profit I guess. I cannot imagine the price keeping this low after release of the earnings. (And I hope a nice outlook for coming year as an extra.)
Hmm, still no PR. I think this will be a day without news. Maybe this evening after closing, we'll receive a PR.
Today probably again MM in action I guess.
Well, as for grabbing, I have run out of money to do more grabbing. I've got 70.000 shares of GTEC, that's a lot for me and it's enough. Since 2001 I have bouht at 0.31-0.21-0.13-0.26-0.42 and a few days ago at 0.32. Now I'm gonna "relax", sit back and enjoy the ride. I am gonna hold on for a year or so to see what happens down the road...
Hold on to your radar and hold on to GTEC, Don't sell either of them. Wait a few days, GTEC "will become green". Can't imagine we will stay at this level after earnings report.
Nice calculation. I don't think there is anything wrong with it.
We must indeed remind that results can be lower because of costs of going public or costs for the investor relations firm etc.
On the other hand there still could be a positive surprise because of expectations for future products that (hopefully) ad a lot to results etc. On the upside there is a lot more room for surprises (I hope).
No, i am from Holland. So that trip would be a little too far...
Awfully quiet here. Would like to see some positive movement in this stock. Guess we will have to wait for Mr. Wubo to bring clarity for the future. Counting down the days remaining to quarterly results. I guess you all are...
Carl very clear stated.
I agree with you totally. To me 0.32 is a firm base. In a matter of time I think we will see a steady rise to at least 0.60 in a month and more, much more, if (very) positive earnings reports or other PR comes out.
I've been in this stock since 2001, I'm not planning to sell in a short time. I am very curious to what the future will bring. Don't forget the dividinde we probably/hopefully will get within one year from selling SPEH and LTUS.
Dark Star:
Thanks for bringing clarity in this matter.
GTEC had about 85 million shares outstanding (of 100 million authorized) and to complete the merger they granted 300 million shares to LiangBo. So in total approx 385-400 million now outstanding (or float to use your term). Authorized are indeed 600 million shares. I think the 30 million will add to the outstanding shares ?!
But maybe I'm wrong.
The dilution lies in the fact that there were about 400 million shares outstanding. There are now gonna be 400 + 20 + 10 = 430 million shares outstanding. Earnings per share will be lower since there will be more shares outstanding.
But I don't think thats so terrible. We're talking about 8-9% more shares outstanding. Thats not going to hold this stock down once wel will see some nice info like earnings, PR or future guidance...
What it means ? I think it means that the people at Pope have (a lot of) confidence in GTEC.
uhm...can you please check this 8k and give me a feedback...
I mean what does it say in quick ?
:):)
Thanks !
bbb
Someone please correct me if I'm wrong, but I think it means the following:
Pope invests 5 million in GTEC at 6% interest a year and gets 20 million shares at 0,25. Shares can be sold after 30 november 2010. The 20 million shares can be sold earlier than 2010 if the net income per share is less than 0,038 for the year ending june 30, 2008
Further Pope gets the right to buy 10 million shares at a price of 0,25 dollar.
Picked myself some cherries too today, another 15.000 added at 0,32. Now let's hope coming quarterly results or any other news coming out will make us happy.
Well we can rest assure that 0,32 is a firm bottom for the stock-price. I've been into this stock since 2001, and in many of those months the price was well below this level! The guys of Pope gave me even more confidence in GTEC, they wouldn't invest in it they didn;t think they were gonna get a lot more out of it then 0,32 dollar a share.