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Perhaps KK needs some free time to start another shareholder black hole (company). Has he ever actually started something that benefits anyone besides his inner circle?
There is fantasy and then there's reality... and then there's GERS which traded a nickel's worth of shares today. De Nile ain't just a river in Egypt.
10,000,000 sale after hours @ .0002... The GERS comedy continues.
Yea, I was here for the 2011 launch, made some good $$. I hope you're correct, we certainly deserve it.
It would be nice to see a string of good news leading in to earnings.
This is comical. For your sake I hope you prove me wrong. Your profit vs. R/S + additional 50% drop within 2-3 months. Let the games begin...
#7?? GERS... If they don't go bankrupt first....
From the 10Q
The Company is also involved in various collection matters for which vendors are seeking payment for services rendered and goods provided. The Company and its subsidiaries are party to numerous matters pertaining to outstanding amounts alleged to be due. Management is unable to characterize or evaluate the probability of any outcome at this time.
It's not oversold, it's over diluted. Big difference.
I can't take credit for it. I found it on the yahoo board. I agree, the timing of the disclosure is questionable.
Check out Fallat's trades here:
http://www.otcmarkets.com/stock/GERS/insider-transactions
Looks like he's been swing trading GERS LOL
If so, he's going to learn the hard way...
Modest dilution? Dilution is their M.O., hence the last 4 reverse splits.
LOL self deceive much? "Nobody" is the most realistic person over there! His DD beats crap out of the "pipe dreamers" delusional, carrot chasing antics. I don't have any love for GERS, PEIX or any other stock but I can see the forest for the trees and there will be another leading zero and a 5th reverse split for GERS. Count on it.
OT: GERS has made the pump and dump watch list:
http://www.pumpsanddumps.com/2012/01/monday-january-9-2012-todays-pumps.html
GERS has made the pump and dump watch list:
http://www.pumpsanddumps.com/2012/01/monday-january-9-2012-todays-pumps.html
Technical trading on obvious dilution? Unwise IMO.
You guys should short the hell out of PEIX, you can't lose.
I feel for the shareholders here, I do... but that was the funniest thing I've read all day :)
Considering GERS hasn't even won their other case yet, who cares? It's an intimidation tactic, plain and simple. Go ahead fire away on other suits too lol. The only thing this accomplishes is that YA Global is now one step closer to driving GERS bankrupt and taking ownership of their patents. GERS is simply a mechanism whereby YA Global's lawyers sap all GERS shareholder value. You guys are screwed and you don't even know it.
What a joke. GERS hasn't won a dime yet and their opening up a second lawsuit. Pure attempt at intimidation, plain and simple.
LMAO... Is today the result of your influence? Keep it up!
After the major 2011 restatement and this statement from the latest 10Q, I'd say that GERS numbers are not reliable:
Our principal executive officer and principal financial officer participated in and supervised the evaluation of our disclosure controls and procedures (as defined in Rules 13(a)-15(e) and 15(d)-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)). The Company’s chief executive officer and chief financial officer determined that, as of the end of the period covered by this report, the Company had a material weakness because it did not have a sufficient number of personnel with an appropriate level of knowledge and experience of generally accepted accounting principles in the United States of America (U.S. GAAP) that are commensurate with the Company’s financial reporting requirements. As a result, Management concluded that the Company’s disclosure controls and procedures were not effective at March 31, 2013.
I just reviewed your last 8 posts. I wish I could get the last 30 seconds of my life back. Please try to add something of value to the discussion. Back on ignore you go.
The date that you realize GERS may be looking at an SEC investigation for it's 2011 financials....
See filings:
Dear Mr. Carroll:
We have completed our review of your filing. We remind you that our comments or changes to disclosure in response to our comments do not foreclose the Commission from taking any action with respect to the company or the filing and the company may not assert staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States. We urge all persons who are responsible for the accuracy and adequacy of the disclosure in the filing to be certain that the filing includes the information the Securities Exchange Act of 1934 and all applicable rules require.
Turned the corner? LMAO, you must be joking... GERS SEVENTH reverse split is immanent. YA Global, your toxic financer, dumped 64 million shares on you last quarter and will do the same this quarter. GERS restated 2011 from 61c earnings per share to .01c a Year After 2011 financials were filed. GERS is being sued by past financers and current vendors and suppliers. GERS is a sham perpetrated by lawyers for lawyers. PPS is down 71% since the "favorable" ruling on 2/1/13. GERS is nothing but YA Global's whipping post.
nobody12378 that's one of the best common sense posts I've seen here. You don't garner a lot of favor here but your logic is even tempered, realistic and isn't sugar coated with conjecture. Keep up the good work.
More carrots, what if's and maybe's... You'd think that people would invest on facts and reality not lightning strikes and lottery tickets.
Since when is reality in line with what is right? I couldn't care less unless GERS wins it's case and then if and when PEIX is named in a suit. Until that time, GERS is just prey for YA to feed on, period. Stockholders will continue to get dumped on, period. If that offends anyone, then I'm sorry but you are emotionally attached and refuse to accept the reality of the situation. IMO GERS has been perverted in to a money mechanism by lawyers for lawyers, one which they will milk for years.
I hope shareholders clean up here some day but I refer you to the underlined sentences above. I'm perfectly willing to stop posting about GERS as long it's reciprocated regarding PEIX until PEIX is named in a suit.
It took very little DD to find out how GERS and YA play their game. I have no issues with GERS technology. I stand by all the statements that I've made. A little research in this company and it's tactics goes a long way. Their track record speaks for itself. Has anyone other than YA ever made money here? The lawsuits will go on for years so why invest only to see your shares diluted with toxic financing and then destroyed by 6 reverse splits? Makes no sense to me.
GERS is the first stock I've ever actively "bashed". If you call the truth bashing. The only reason I've done what I've done is because of Slash's attacks. If he or anyone else is going to write about "potential" lawsuits them I'm going to call him (them) out on it and vet the source.
It's possible but I doubt it. YA has too sweet a deal. GERS will follow their MO and go through their 7th reverse split. Whatever income GERS has will go towards lawsuits and the investors will pay the price for GERS toxic financing deal with YA Global. 64M shares dumped on investors last quarter. Rinse and repeat.
Read the 10K, their paying $200,000/month.
The current lawsuit is already costing GERS $200,000/month. I wonder how much YA Global will charge for additional lawsuits? YA has GERS by the gonads with toxic financing and monthly fees and they're squeezing them for all their worth.
From the GERS 10-K
The Company is party to the matter entitled JMJ Financial v. GreenShift et. al. , an action in which the plaintiff has alleged breach of contract and other causes of action for which the plaintiff seeks damages of about $300,000 plus costs. The Company intends to vigorously defend this action. At this stage of the proceedings, we cannot evaluate the likelihood of an unfavorable outcome in excess of the amounts previously accrued.
The Company is also involved in various collection matters for which vendors are seeking payment for services rendered and goods provided. The Company and its subsidiaries are party to numerous matters pertaining to outstanding amounts alleged to be due. Management is unable to characterize or evaluate the probability of any outcome at this time.
Your pick is a sham perpetrated by lawyers for lawyers. Any more lawsuits brought by GERS will just drive it further into the ground with toxic financing dilution.
... and GERS has failed to win it's case. What's it been? 10 YEARS AND HOW MANY REVERSE SPLITS? 6 RIGHT? To say that you're responsible for PEIX share price is laughable.
Page 59 of 10K, yep. It would appear that GERS has financers and vendors with claims against them.
More advise from GERS pumpers LOL. Enjoy your .0033 toxic stock and prepare for another leading zero.
Desperate is as desperate does.... He's also been pumping old news as new news. Meanwhile, GERS slides further down. It's down almost 70% since their "major ruling" on 2/1/13.
LOL... Keep beating that drum. The PPS speaks for itself. But by all means, keep buying in to the dilution and keep drinking the pipe dream coolaid... do yourself a favor and re-read the top post and look for repeats quarter after quarter.
Technical analysis on low volume sub-penny stocks is useless.