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That is SO correct...............the PR's are mostly updates to the public and investor's to what is going on. How many company's to you know of that fail to do that??
Believe me, the "very "news worthy" PR's will come. And when they do, they may come in bunches!
That sir is a good analysis..........
I have been invited to this conference next month. I am excited about it. I am sure my expectations will be exceeded when I see these robots in person.
Martin Spencer seems to be a good man. He is certainly straight forward and very honest. He has worked VERY hard to get this company where it is. This is a very legitimate and reputable company.
This stock is worth quite a bit. It is a waiting game....but can be frustrating. Most people cannot take this. But the payoff WILL come.
Wish I could tell you Chae......wish I could. Don't have a clue and feel rather "in the dark". And must say worried because ignorant to what is happening. It makes NO sense on any level. This company only has good news and is moving forward nicely.
So I share your frustration.....The scary part is that it is running out of room to move lower.
On the other hand, I beleive in this company more that ever.
All I can say is .......Hang tight.
GLTA
Excellent news!! Gecko is on their way. These are major companies interested in Gecko's product. This conference next month is just the beginning. Will this move the stock today in a positive direction? Who knows.....probably not. Nothing has so far.
But just be patient folks. One day...................soon....
Their advanced technology is incredible.
News is fine...it's just news we already knew from a PR last month.
Oh, by the way, it has dropped 85% since I bought........so don't feel bad.
But that is really irrelevant as I knew I needed to hold for a long while. No company with this product is going out of business after 12 years!!
You seem to be a smart guy. Yeah, I will NOT pretend to understand why a company stock gets hammered with PR's like this. They are basically saying they are "done" with development stage and headed toward growth/sales stage. This is the stage where it takes a "stomach of steel" and the patience of JOB to stay put. This is where we need to stay focused.
Day traders will not and cannot be in this stock. I am long.
This is a good company with a real product. And they have worked hard. Everyone wants a million dollars in a week.
Let's be realistic folks. Even though it may be hard to watch at times. I am VERY confident that patience in this case will be Rewarded in a big way.
WHEN?? Don't know.
But I have a strong feeling that people who bought this stock in the past 4 months and now have sold cursing it, will INDEED be knocking themselves a year from now.
We will see.
GLTA
I will admit, even with how much I believe in this company and how far I think it will go......It is GUT WRENCHING to watch sometimes.
That is why it is funny to me when people simply think putting out a good PR will drive the stock up. That is not the case at all. These are GREAT PR's from Gecko, and the stock falls.
I am not smart enough to understand it, I invested because of the product they have and the partnerships and licensing agreements that WILL come eventually....probably soon.
One day it will explode. But boy does it take patience.....and a strong stomach!!
The "key" line in this PR is........."We are very pleased to be initiating the transition from a Development Stage company to an Emerging Growth company."
This is BIG people. There have probably been many "development stage" companies trying to get to the growth and marketing stage. But not many have a product so advanced as Gecko.
And there is a HUGE market for it. I can only imagine what this company and it's stock will look like next summer. Patience is the key.
GLTA
Got ya.....my parents cannot operate a VCR either!!
I know this technology Gecko has is advanced as anyone has seen. It has got to be only a matter of time. The CEO of Gecko did research (extensive) back in 2000 and concluded the "pent up" demand for this product was impressive. And that was nearly 10 years ago.
This is one of those companies that is going to surprise ALL real soon. Soon is the next 6 months. And people are going to be wishing they owned a position.
I think you are missing the whole point. That is what this is all about. We spend billions on eldercare. This will prolong significantly the trip for grandma or grandpa going to the nursing home. This will be MUCH cheaper.
Don't you think your grandmother or mother would much rather stay at home or your house with a CAREBOT, rather than going to a nursing home??
This company has an amazing technology. Don't underestimate it!
I do not understand either. But I have been in this stock for months and no PR has really moved the stock. The PR yesterday is EXCELLENT news....as this begins their Financing/Marketing campaign. This investment takes A LOT of patience.
I am in GCKO long because of the ENORMOUS potential! And it WILL happen eventually. Of course, it will be be when we least expect it.
GLTA
Good analysis...........They have been low on money for 13 years now. They are about 6 or so million in the hole. Not bad for that long. All of these Int'l robot Developers/Manufacturers are soliciting them. Their primary focus is Business to Consumer domestically. I don't think they will have a hard time getting partnerships and financing.
A little patience is needed, but it won't be long. Copanies that produce such a tech advanced product are few and far between..........IMHO.
Good Luck.
Well Sir.....you of course could be right. That is why we all have opinions. Yours is negative and mine is positive. I did research just like yourself and I feel it is a risk WORTH TAKING. You do not. That is perfectly fine.
As to your comments....1.Of course they don't have $. They are a "development" company. They have been so since founding in 1997! So they have been "living" on outside capital of course. I think they would have been LONG GONE if they had no technology or product. There are MANY examples of how advanced this company's product is. They are not going to have any MONEY until they start selling the Carebot. That is next year. Their infrastructure is there and near complete.
2. Twisted the article to appear as though they were included?
I hate to even respond because I don't understand?? How can you do that? I assume you are talking about the Forbes article? How can you include yourself in an article written by someone else? Courtney Boyd Myers wrote the article for Forbes. Call her. This is your weakest point by far.
3.As far as not mentioning the names of the company's. I guess these companies are contacting Gecko because they like their product and there is no deal yet. But one example is their deal with SIUSAN. They did not mention the company until an agreement was signed. One thing is for certain...Gecko DOES NOT put out BOGUS Press releases in order to pop their stock. It is fact when they do.
4. Your strongest point.......Why this company trades for a penny? Good question. I have stated that several times. I don't know. Even with no revenues as of yet, it should be way higher. My explanation is the public so far is ignorant to who they are, what they do, and what they have. I invested because it is NO DOUBT a breakthru product and they worked EXTREMELY HARD for many years to perfect it. And they are finally nearly done.
Now the stock may not move until they actually market these Carebots early next year. Or it may "pop" with the right PR. I have no idea. But once their product gets out there, you know how things spread like wildfire.
So it is good you did your DD. You don't share my enthusiasm and that is ok! So you don't buy the stock. Simple.
Good luck in your endeavors. But I think IT WILL HAPPEN!
Yep, I believe so. I am just dying to know who the distributor will be and what outside manufacturers are going to produce them. If you read the PR's, Gecko has qualified several outside manufacturers that will be able to produce over a 1,000 carebots per month with a 4 month or so ramp up time.
So am am really hoping for some future Press Releases in regards to that as they plan on marketing the Carebot early next year. That is very soon!!
GLTA
Thank you. You are kind. I just did A LOT of research before I invested in this company. I have never invested in a penny stock before. It is dangerous. Most Pink sheet stocks are dangerous. I am long in GCKO. A lot of penny stocks are pump and dumps. This one is not. It has been stated by Mr. Spencer (CEO) that it is GCKO's every intention to move to a higher exchange when financially viable....which should be when revenues start coming in.
It could take off with a "significant" PR or if may very well be until they start marketing the product. Who knows, the stock market is a STRANGE place.
But we will see how intelligent I am next year at this time.
Thanks again.
It's going to happen......just have no idea when. Gecko should be at least .20 to .25 pps right now. Why it isn't, I don't know. They have a technology that nobody is close to having. And the industry is HUGE.
I saw an article by ABC news that was from 2005. In 2005, private citizens alone (gov't not included) spent over $100 BILLION on eldercare expenses. This technology Gecko has seems to be the PERFECT Cost effective answer to the eldercare problem, not only financially but emotionally for the elderly.
I can only imagine where this company will go when the public finally notices this product. But when? Has got to be sooner rather than later as Gecko is pretty much done developing the Carebot and will market them early next year.
Most penny stocks stocks don't have this type of completed product, some not a product at all for goodness sakes!!!
So I am completely baffled at the price right now. The writing seems to be on the wall....IN BIG LETTERS.
This seems to easy, but I could be wrong.
GLTA
Yeah, I guess MAJOR patience is needed. And you know as well as I do that patience in the "investor world" is hard to come by. When you look at a stock for a week and it doesn't move, it seems as if you have looked at it for a month.
But when you have a technology like Gecko, it has to be only a matter of time. Mr. Spencer stated in a press release a while back that he was adding over 100 employees within a year. I would guess many of those will be sales/marketing.
It will certainly be an interesting next 6 months for this company as they will finally enter the growth stage!!
Some more interesting info about Gecko Systems.......
Japan has been "obsessed" with robots for quite a while. Go read how much they (Japan) has wanted to produce a robot to assist in caring for the elderly. There is a big eldercare crisis there just as there is here in the US.
Gecko has technology, demonstrably, that Japan has spent over 100 million dollars trying to produce. Gecko's market cap is ridiculous right now. They will start selling their Mobile Service Robots early next year.
I will say again as I have a million times...why this company is hovering around 1 penny, I haven't a clue. Once people catch on to them and their product.....it has to bust wide open. They have licensing opportunities all over the world for goodness sakes.
But of course, I could be wrong..........But I don't know how, as it seems like a "no brainer"? Somebody is WELCOME to tell me where I am going wrong??
GLTA
Thank you cfp! Could not have said that better myself. Research is the key. Gecko has been around for 13 years and has a great product now. I would not be in it if I didn't think it would eventually explode. I have no idea if that is tomorrow or next year sometime.
But IMHO, it is certainly undervalued.
GLTA
Congrats!! Just remember, I am in this stock because I believe in the company and think it has ENORMOUS potential. I am not an investment advisor nor a day trader. I will not sell if and when it goes up to a dime.
I am in Gecko LONG. I think Gecko is a MAJOR public company in the next several years.
Everyone needs to research themselves. Their sales forecasts which begin next year look really good.
Good luck.
I would certainly say it is good to get in now. I have been in for months. I am fairly confident Gecko will explode. It is just a matter of time. To great a product not to. But I have no idea when. How would you or anyone know it's going to explode on any given day.
But how much lower could it be? So, I would say the time is now.
GLTA
You are correct................the CEO of Gecko likes to be real conservative in his estimates/forecasts. Yes, decent assistant living costs A LOT more than that.
Gecko has developed quite an advanced product. It is only a matter of time............a short time.
In all seriousness folks, Gecko systems is and will be a huge player. Don't take my word for it. Why this company is trading at a penny is anybody's guess. Maybe we are lucky.
Take a look.................They in my opinion are ready to bust.
http://www.forbes.com/2009/09/17/robots-health-care-technology-breakthroughs-telehealth.html
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Robots
Silicon Stethoscopes
Courtney Boyd Myers, 09.17.09, 06:00 PM EDT
Telepresence technologies and robotics promise another way to ease future health care burdens.
In Pictures: Robots That Care As Congress continues to wrangle over how to care for a growing population of elderly people, technologists are working on their own answer: robots.
Exactly what a robot is, of course, has changed a lot from the days when robots were largely factory drudges. These days, robots can be as cute as pets or as efficient as a nurse. Robots are also becoming part of a broader "telehealth" program in which a combination of electronics and communication can let doctors examine patients remotely or enable people to stay in touch with patients confined to their homes.
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Yahoo! Buzz"If we can virtually connect doctors to patients who need it most, wirelessly monitor our aging population and keep patients healthier at home," says Tandy Trower, Microsoft's ( MSFT - news - people ) robotics group's director. "We can dramatically reduce our nation's health care costs."
In Pictures: Robots That Care
As part of Congress' ongoing health care debate, the House of Representatives has introduced language into its bill [HF-3200] that would establish an advisory committee on telehealth to begin considering whether such procedures would be covered by Medicare and Medicaid--something that would be a giant step forward for robotics solutions.
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BATS Real-Time Market Data by XigniteCompanies use videoconference calling all the time; why shouldn't doctors? Colin Angle, CEO of iRobot ( IRBT - news - people ), suggests that remote diagnostic technologies (or "telerobotics") could let doctors interact with patients even if they're home in bed. A robot equipped with vital sign sensors--such as a stethoscope and a blood pressure monitor--could wirelessly convey that data to a doctor.
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Comment On This StoryUsing technology similar to modern videoconferencing, corporate giants including GE, Intel ( INTC - news - people ), LifeSize and Cisco ( CSCO - news - people ) have also entered the health care market. In April, GE and Intel announced a quarter of a billion-dollar joint venture to develop home medical monitoring technologies (as an extension of home security). GE's current product, QuietCare, is a remote monitoring system with a wireless base station and infrared sensors set up throughout the home. This summer, Cisco introduced "HealthPresence," a patient care technology that lets doctors and patients interact in much the same way as people engaged in a videoconference. In July, following pilot programs in Aberdeen, Scotland, and San Jose, Calif., Cisco reported that 90% of the involved patients were satisfied with the interaction and would recommend it to others.
Robotic-assisted surgery has been going on for years. (See Also: "Robo-Docs.") But increasing companies are offering more technologies aimed at helping doctors ply their craft over great distances, particularly in rural area where there is limited access to high quality health care.
For instance, InTouch Health, a Santa Barbara Calif.-based robotics company, offers two types of robotic diagnostic stations used by more than 200 hospitals in the U.S. These enable doctors to interact with hospital patients at a distance. Founder and Chief Executive Yulun Wang believes that within five years' time, such technology will easily let family members check on loved ones in hospitals. InTouch is the only company that the FDA has cleared to offer remote presence robots to hospitals.
Then there are private practice doctors who are using all available social networking tools to stay on top of their patients' care. For instance, in Williamsburg, Brooklyn, a pediatrician and expert in preventive medicine, Dr. Jay Parkinson, began utilizing Gmail, Skype and iChat in September 2007 to make "house calls" and communicate with patients. He wanted to be able to share data with other doctors in his office but he needed a platform to do so. In 2008, he founded "Hello Health," a social networking platform like Facebook for doctors and patients to interact.
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Visit The Forbes.com Digg ChannelBig corporations, including Microsoft and Google ( GOOG - news - people ), offer online health care accounts aimed at helping patients take better control of their own health records. (See: "The Devil Inside Wired Medicine.") Even though Parkinson is an advocate for online medicine, he cautions that there are side affects: It's hard enough for doctors to encourage people to adopt healthier lifestyles. Doing it remotely gets even harder.
Then there's the matter of reimbursing doctors for their time. In America, most physicians prefer to deliver a quantity of medicine due to the reimbursement model of healthcare instead of ensuring quality medicine through good communication, time and establishing personal relationships. As a result, Parkinson believes telehealth will be a good way to augment care between in-person visits but doubts it will ever completely replace in-office visits. "Given the current physician reimbursement model as defined by the Centers for Medicare and Medicaid Services, physicians are paid less to see you via telepresence than in the office. Why would a doctor want to sacrifice income just to use telepresence?" Parkinson notes.
Others are more upbeat. Microsoft's Trower believes that the next step in telepresence health care technologies will put a personal care robot in your home. GeckoSystems of Atlanta, Georgia, hopes to become the first U.S.-based company to deliver eldercare robots. It plans to begin selling its robots early next year, after a series of public evaluation trials. GeckoSystem's Carebots include two engines: a self-navigating mobile platform that uses environmental cues and GeckoChat, a language recognition and processing engine.
"The Carebot will follow Grandma like a pet dog and tell her jokes, talk about her favorite TV shows and read her favorite bible verses," promises Spencer. Over the past 10 years, GeckoSystems has spent $6 million developing its mobile Carebots, which Spencer expects will sell for $10,000 to $15,000 apiece. Spencer figures that price will look like a bargain to patients who are considering spending more than $20,000 a year for a spot in an assisted living program.
"Imagine a robot in your elderly parents' home," Helen Grenier, co-founder of iRobot and CEO of DroidWorks writes, "allowing you to virtually visit by means of video, or one that can deliver a drink and important medication at the right time, letting the aged remain independent longer … [This is] absolutely not science fiction. … All it would take is recognizing these as critical national goals--before other countries take the lead."
Other countries, most notably Japan, are also working on home-care robots. Companies that have robots already at work include Fujitsu's "enon" service robot and Mitsubishi's Wakamaru. Other companies, including ones in South Korea and France are also working on homecare robots.
How else could robots speed up the evolution of America's next health care program? None have yet run for Congress--but could that be far off?
In Pictures: Robots That Care
See Also:
The Cool Hand Of Technology
Teaching Robots To Be Human
Robots And Beyond
Gecko Systems CEO Martin Spencer Sales forecast for next year is $22 million in Carebot sales domestically only. His forecast in the Pacific Rim is for $2 million+ for the coming year.
This is a company that will complete productization of the Carebot before the year is over. This company was founded in 1997 and this is the first time Mr. Spencer, CEO, has put out a "year specific sales forecast. That means "development stage" of this company is about to end as they enter the growth stage.
And Mr. Spencer says he is very very conservative in his forecasts.
IMHO, this is the most undervalued stock I have ever seen. A company with this technology should be trading much higher even with no current revenues. But the stock market is a strange place.
I will share some public info in coming days.
It is an interesting company to say the least. I will share more later.
My thoughts on Gecko Systems and the emerging Personal Robot Industry.......
This is a company that has been in "development" stage for over 12 years now. They have developed a "break thru" product in an ever growing massive billion dollar industry. These are mobile service robots that will take care of the elderly. This is their primary target area.
What people don't understand is that the company is still in "development stage" company and has no incoming revenue as of yet. But that is all about to change. Ceo, Martin Spencer has publicly released his sales forecasts for not only domestic sales, but also International sales. This stream of revenue will begin, according to him, next year. His sales forecasts (please check in his press releases) are admittedly "conservative".
This is a company with now a "completed product" ready for distribution. It is NOT A SHELL COMPANY with no product. Gecko Systems has been recognized by many....Japanese, Chinese, etc.. as having a technology far advanced than anyone has been able to produce. They have also been recognized by Frost and Sullivan for having superior advances in the "developments in sensor fusion".
This is far from a company that has a "concept". They are about to enter the growth stage. Mr. Spencer will be adding employees, alot in the Marketing and Sales area to prepare for this growth stage.
This is a Pinksheet Company. Also the first I have ever invested in. Everyone knows they are risky. People have to do their own research. People aslo have to understand what a developmental company is. They spend years raising money to create their product. They have no revenue as of yet. But the payoff can be huge if the product is "break thru" and the industry is there. And Gecko certainly has a product Second to none.
All that being said, I can't tell you why this stock currently trades for a penny. I don't pretend to understand. But it won't be for long, IMO. It very well may be it will take until Mr. Spencer's sales of the Carebot are realized. And that day is VERY SOON. The management of Gecko has every intention of moving from the Pinksheets to a higher exchange when financially able. It is Mr. Spencer's every intention to be a "fully reporting public company".
Remember, the key here is that Gecko has a technology that is far advanced than any competitors from here or abroad. And the Industry is HUGE.
It is a matter of time. What is comical to me is that people buy a penny stock and if in 15 days it does not go up, they get upset and sell. This is a company to stay long in.
This is all my opinion and you need to do your own research. I do know the management of Gecko is commited and VERY CONFIDENT of it's sales forecast which begins in 2010.
Thanks for you time.