Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Wallace has WON nothing against GOSY and/or Spencer-
Wallace has secured only "default" (aka FORFEIT VICTORY) judgments and never wins anything whenever GOSY is represented.
Judge Nation was right!
Read here:
http://www.geckosystems.com/W_W_W
Wallace is "as organized as a soup sandwich"
which is to say, he never learned due legal process for states besides OK, in a law school where they train lawyers for OK only-
not NY, not FL, not GA, not DE and not even VA-
Wallace will continue to fail in all his extortionate attempts with GOSY.
what is your explanation for Wallace's never ending ILLEGAL moves that only ensure his new career of defending himself from the GOSY/Spencer lawsuit of the month?
more poised lawsuits for Wallace?
isn't that what Wallace wants?
endless battling to get his adrenaline high?
for GOSY and/or the Spencer's to react to his provocations?
so Wallace can get the thrill, the juicy high, of the adrenaline rush when he is confronted for his misdeeds?
as we all know, very well, if Wallace can't pervert due process, Wallace always loses!
mo-
Mech
Like I said, it is important for one to do their own DD.
Guess Wallace is unfazed by the near certainty of his PUBLIC HUMILIATION and infuriating daddy...
BTW, just because a low level judge is ignorant, does not mean they are stupid, retarded, or in any way mentally or emotionally challenged. IMO, others may disagree...
So why was the SEC created if NOT to protect stockholders from ILLEGAL stock manipulation such as Wallace keeps bragging about?
Isn't that self defeating of Wallace, to brag about VIOLATING SEC regs?
Why would any sane person brag publicly about breaking any law, much less Federal?
Is that why the FBI is now assembling a file on Wallace et al?
This ILLEGAL manipulation he keeps bragging about?
mo-
Mech
Financial compliance reasons why GOSY is 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 GOSY's IP has little or no value.
That reality definitely undervalues GOSY's IP!
mo-
Mech
This is why Wallace will always LOSE against the Spencers!
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 UP 33% today!
Go GOSY!
On a Friday afternoon!
Facts be facts-
Mech
That URL has several hundred pages. Guess it would be easy to miss important facts.
How about Mark Peele? Or has Wallace threatened Mr. Peele so much that Peele is terrified of being deposed?
Wasn't Peele with GOSY for 4 years, and then one day left with no explanation?
Bet Wallace threatened Peele and/or his family?
Now tell me it ain't so.........
Sometimes words are not enough...
mo-
Mech
Wallace has WON nothing against GOSY and/or Spencer-
Wallace has secured only "default" (aka FORFEIT VICTORY) judgments and never wins anything whenever GOSY is represented.
Judge Nation was right!
Read here:
====================> http://www.geckosystems.com/W_W_W <====================
Wallace is "as organized as a soup sandwich"
which is to say, he never learned due legal process for states besides OK, in a law school where they train lawyers for OK only-
not NY, not FL, not GA, not DE and not even VA-
Wallace will continue to fail in all his extortionate attempts with GOSY.
what is your explanation for Wallace's never ending ILLEGAL moves that only ensure his new career of defending himself from the GOSY/Spencer lawsuit of the month?
more poised lawsuits for Wallace?
isn't that what Wallace wants?
endless battling to get his adrenaline high?
for GOSY and/or the Spencer's to react to his provocations?
so Wallace can get the thrill, the juicy high, of the adrenaline rush when he is confronted for his misdeeds?
as we all know, very well, if Wallace can't pervert due process, Wallace always loses!
mo-
Mech
Here's the proof you have requested:
====================> http://www.geckosystems.com/W_W_W <====================
It will take several hours over several days to review it all-
Don't you agree?
When, not if, GOSY's stock pops, then the Spencers' would have budget to enable Wallace to embark on a brand new career at the age of 62!
Responding to the daily storm of more litigation for him to spend his days and nights forestalling.
Recall that the Spencers have worked very hard for several years to fence off Wallace from their lives and business.
Wallace is a bonafide predator due to having initiated 8-10 suits against GOSY in the last 3-5 years.
Wallace fought the MUTUAL Protection Order since he would have not been able to continue his deliberate infliction of emotional anguish on the Spencers. Clearly Wallace is a true sociopath and is obsessed with having what he sees as "willing victims."
He does not want to settle because then he would get no "juicy" high from his deliberate infliction of emotional pain on them.
He would lose that which is most important to him, the "creation of a willing victim."
So the instant GOSY pops, Wallace starts a new career that will still be GOSY centric, but with him having chosen to be persecuted and pursued by the Spencers as he has them for several years now.
The Spencers want to be rid of Wallace.
That's why they secured the MUTUALLY BINDING GA Temporary Protection Order (which he violated over 400 times in the 30 day period) and the GA Permanent Protection Order was denied due to jurisdiction.
It was NOT denied due to lack of compelling evidence.
The TPO was mutual and the Spencers never violated it. Wallace fought the PPO, why is that?
HE IS GUILTY OF CYBER STALKING THE SPENCERS.
Yes, Wallace's WORST NIGHTMARE is for GOSY to pop.
BTW, the foregoing is all documented at:
====================> http://www.geckosystems.com/W_W_W <====================
mo-
Mech
did Wallace, Newell, MacLeod, or others known to you that have no reason to lie to you, tell you that?
since there is no URL to substantiate those claims is why I ask-
otherwise, seems to me that Wallace, Newell, MacLeod, or others known to you that have no reason to lie to you, did lie to you...
bummer!
3rd party proof of their constant lying, whether forging signatures, corrupting due legal process, or just outright fraud is here:
http://geckosystems.com/W_W_W/
one will need to read carefully and reflect on the substance of all these documents to fully comprehend the scope of Wallace's and MacLeod's depravity.
again, that URL is:
http://geckosystems.com/W_W_W/
sorry to learn that Wallace and MacLeod continue to lie to you-
otherwise there would be URL's to support your demonstrably erroneous claims here as is readily revealed here:
http://geckosystems.com/W_W_W/
we all regret their constant lies, prevarication, distortion and deceit, don't we?
again, here is the URL that contains all the 3rd party substance you will need to understand the reasons why these two are so notorious-
no doubt Wallace and MacLeod are celebrating their partnership in the massive naked shorting of gosy recently-
so now they will start hee hawing how gosy is no good, etc. and no doubt vilify the management and his staff since they cannot criticize the tech and/or markets-
personal vilification is all they have to attack the company with-
gosy has the truth as is clearly depicted here:
http://geckosystems.com/W_W_W/
Mech
Why would anyone constantly brag, like Wallace does, that they "manufactured" this VA warrant "to scare investors off" as "propaganda" and then publicly admit it? Is that why GOSY's DE attorney is so very happy that Wallace has publicly admitted tortious interference with GOSY?
I think Plankton is right. Wallace can't stop himself. He is a junky on his own adrenaline from cyberbullying the Spencers...
Like I said, it is important for one to do their own DD.
Guess Wallace is unfazed by the near certainty of his PUBLIC HUMILIATION and infuriating daddy...
BTW, just because a low level judge is ignorant, does not mean they are stupid, retarded, or in any way mentally or emotionally challenged. IMO, others may disagree...
So why was the SEC created if NOT to protect stockholders from ILLEGAL stock manipulation such as Wallace keeps bragging about?
Isn't that self defeating of Wallace, to brag about VIOLATING SEC regs?
Why would any sane person brag publicly about breaking any law, much less Federal?
Is that why the FBI is now assembling a file on Wallace et al?
This ILLEGAL manipulation he keeps bragging about?
mo-
Mech
geckochat is really extraordinary...
...it is a verbal interface for the carebot and a great upgrade for the safepath wheelchair.
it is true AI with natural language processing (NLP) using forward chaining if/then/else written in a mature AI language, prolog.
the microphone "array" is super cool, too. it improves the signal to noise dramatically and enables the voice recognition software to recognize words such that the NLP of AI engine can reliably "recognize" predetermined phrases and/or words.
the family gets to customize this interface and tailor it exactly for the needs and benefits of their beloved family member.
so the voice synthesis must be clear and loud enough to be readily heard and understood by the carereceiver.
wow!
not a simple system. less complex than the safepath tech, but...
and then there is geckoscheduler...
wonder when ZMP is going to evaluate the full blown boogie? a carebot?
prototypes tend to be delicate. shipping could be a problem-
in conclusion, geckochat is fundamental and I don't see verbal interaction, for monologues and/or dialogues, on anyone else's personal companion robot.
gosy has much, much more than safepath to license-
I agree with Spencer, I think licensing revenues will easily precede product sales-
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?
Why does Stephen T. Newell of Castle Rock, CO believe MacLeod's delusions?
Let's face it, it is well established that MacLeod is morbidly obese. He has fat clogged arteries to his brain that prevent him from understanding that he is doomed in his "short attack" on GOSY.
It is readily apparent that Stephen T. Newell is one of the pack of flea bitten, mangy, feral dogs harassing GOSY and its associates from the facts presented here:
http://www.geckosystems.com/W_W_W
GOSY will continue to prevail over any and all of Newell's ongoing attempts since Stephen T. Newell never wins, just hides, whines and complains like the sick, mangy dog he is.
That has been shown many, many times as is documented here:
http://www.geckosystems.com/W_W_W
Yes, it is true:
Federal laws TRUMP state laws. Stephen T. Newell foolishly believes that Wallace's DE corruption of due legal process cannot be TRUMPED by Federal laws. Yes, Stephen T. Newell lives in the Weird World of Wallace, too.
If I were MacLeod, I would sure NOT be relying at all, in any way, on mangy, flea bitten Stephen T. Newell. Newell must be desperate for money to be such a pawn of MacLeod's to be complicit in Wallace's and MacLeod's illicit activities regarding GOSY.
Wallace has sure hee hawed how much he despises the Spencers' TPO and how his 400+ violations "don't matter." Wallace exploited the lack of Va jurisdiction to preclude the Spencers from getting a Permanent Protection Order.
Don't you agree that Stephen T. Newell is foolish for being in this pack of flea bitten, mangy, feral dogs of Wallace, MacLeod, Aziz, Dalhaus, and Newell harassing GOSY to drive the pps down and deliberately damage 1300+ stockholders?
Isn't that against SEC Regs, BIG TIME?
Especially Rule 144?
Will they ALL be named in the FBI's Criminal RICO investigation for their pattern of illegal stock manipulation of GOSY?
Just askin'
mo-
Mech
Financial compliance reasons why GOSY is 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 GOSY's IP has little or no value.
That reality definitely undervalues GOSY's IP!
mo-
Mech
did Wallace, MacLeod, or others known to you that have no reason to lie to you, tell you that?
since there is no URL to substantiate those claims is why I ask-
otherwise, seems to me that Wallace, MacLeod, or others known to you that have no reason to lie to you, did lie to you...
bummer!
3rd party proof of their constant lying, whether forging signatures, corrupting due legal process, or just outright fraud is here:
http://geckosystems.com/W_W_W/
one will need to read carefully and reflect on the substance of all these documents to fully comprehend the scope of Wallace's and MacLeod's depravity.
again, that URL is:
http://geckosystems.com/W_W_W/
sorry to learn that Wallace and MacLeod continue to lie to you-
otherwise there would be URL's to support your demonstrably erroneous claims here as is readily revealed here:
http://geckosystems.com/W_W_W/
we all regret their constant lies, prevarication, distortion and deceit, don't we?
again, here is the URL that contains all the 3rd party substance you will need to understand the reasons why these two are so notorious-
no doubt Wallace and MacLeod are celebrating their partnership in the massive naked shorting of gosy recently-
so now they will start hee hawing how gosy is no good, etc. and no doubt vilify the management and his staff since they cannot criticize the tech and/or markets-
personal vilification is all they have to attack the company with-
gosy has the truth as is clearly depicted here:
http://geckosystems.com/W_W_W/
Mech
Financial compliance reasons why GOSY is 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 GOSY's IP has little or no value.
That reality definitely undervalues GOSY's IP!
mo-
Mech
CORRECT Analysis of GOSY's 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
Otherwise, 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
When, not if, GOSY's stock pops, then the Spencers' would have budget to enable Wallace to embark on a brand new career at the age of 62!
Responding to the daily storm of more litigation for him to spend his days and nights forestalling.
Recall that the Spencers have worked very hard for several years to fence off Wallace from their lives and business.
Wallace is a bonafide predator due to having initiated 8-10 suits against GOSY in the last 3-5 years.
Wallace fought the MUTUAL Protection Order since he would have not been able to continue his deliberate infliction of emotional anguish on the Spencers. Clearly Wallace is a true sociopath and is obsessed with having what he sees as "willing victims."
He does not want to settle because then he would get no "juicy" high from his deliberate infliction of emotional pain on them.
He would lose that which is most important to him, the "creation of a willing victim."
So the instant GOSY pops, Wallace starts a new career that will still be GOSY centric, but with him having chosen to be persecuted and pursued by the Spencers as he has them for several years now.
The Spencers want to be rid of Wallace.
That's why they secured the MUTUALLY BINDING GA Temporary Protection Order (which he violated over 400 times in the 30 day period) and the GA Permanent Protection Order was denied due to jurisdiction.
It was NOT denied due to lack of compelling evidence.
The TPO was mutual and the Spencers never violated it. Wallace fought the PPO, why is that?
HE IS GUILTY OF CYBER STALKING THE SPENCERS.
Yes, Wallace's WORST NIGHTMARE is for GOSY to pop.
BTW, the foregoing is all documented at:
http://www.geckosystems.com/W_W_W
mo-
Mech
So are you saying that Wallace has not been harassed by the Spencers since Wallace got his VA Kangaroo Court misdemeanor warrant against Spencer?
A "yes" or "no" will do here.
Still waiting..........................................
Got a link?
No?
Why is that?
Sometimes words are not enough...
mo-
Mech
gosy is ready to manufacture and market...
...their personal companion robots, the carebot.
no one in the world has sold any personal companion robots, at all, much less as advanced as the carebot.
hence, gosy has "first mover" advantage in a HUGE market.
Spencer is to be applauded for his many years preparing for this "family first" marketplace.
mo-
Mech
Culdesac and Caravan are right!
Like I said, it is important for one to do their own DD.
Guess Wallace is unfazed by the near certainty of his PUBLIC HUMILIATION and infuriating daddy...
BTW, just because a low level judge is ignorant, does not mean they are stupid, retarded, or in any way mentally or emotionally challenged. IMO, others may disagree...
So why was the SEC created if NOT to protect stockholders from ILLEGAL stock manipulation such as Wallace keeps bragging about?
Isn't that self defeating of Wallace, to brag about VIOLATING SEC regs?
Why would any sane person brag publicly about breaking any law, much less Federal?
Is that why the FBI is now assembling a file on Wallace et al?
This ILLEGAL manipulation he keeps bragging about?
NONE of Spencer's stock will be sold...
...by Neil Wallace, his parents, the "sheriff," or anyone else.
The IRREFUTABLE reasons why it CANNOT happen are:
1. The proposed sale VIOLATES Federal securities laws, specifically Rule 144 which governs the sale of all restricted stock, REGARDLESS of WHO is doing the selling or the circumstances.
Rule 144 REQUIRES that ONLY FINRA/SEC brokers execute ANY and ALL sales.
Further, Rule 144 does NOT allow Beneficial Owners (those that hold more than 5% of the issued and outstanding) to sell more than 1% of the issued and outstanding per 90 day period. The SEC has this long standing reg in place to protect stockholders from the type of illegal shenanigans that Wallace et al are attempting to pull off. That is only 5M or so shares PER 90 days!
http://geckosystems.com/W_W_W/Appelants_Reply_Brief.pdf
So the sheriff does not have to comply with ALL of Rule 144's regs?
SURE, they do!
BECAUSE:
2. Federal law ALWAYS trumps state law.
Whenever state law conflicts with Federal law, FEDERAL ALWAYS prevails and precludes enforcement of any and all state laws that conflict with Federal laws.
3. GOSY's DE attorney has demonstrated competence MANY times.
Wallace has NEVER collected ANYTHING in the 5 years of his FAILED attempts to collect monies from GOSY and/or the Spencers NOT legitimately earned by him or allegedly due his parents.
Therefore, NONE of Spencer's stock CAN be sold by Neil Wallace, his parents, the "sheriff," or anyone else.
In conclusion, the Spencers will NOT be losing majority control of GOSY since their 51% ownership is in preferred GOSY shares is NOT at risk in ANY manner, or have ANY of their common stock holdings sold, either.
Wallace has chosen to not make public the so called opinion letter he hee haws about being the "end all" solution supporting his position. Of course he won't since his position is INDEFENSIBLE.
facts remain facts-
Mech
This is why the Spencers are so tenacious-
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
Financial compliance reasons why GOSY is 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 GOSY's IP has little or no value.
That reality definitely undervalues GOSY's IP!
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?
CORRECT Analysis of GOSY's 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
Otherwise, 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 is prudent to not agree to being "water boarded" when Wallace is simply incapable of demonstrating good faith. Look at Wallace's fly ash fiascoS. They sue him, he says okay. Then he sues them since NOT okay. Wallace only wants to "water board" Spencer for Wallace's sadistic "entertainment." No good faith from Wallace. He's incapable of "good" period, much less "good faith." Didn't Wallace violate the GA TPO 400+ (that's four hundred PLUS) times? And now laughs that it was not effective?
Again, sometimes words are not enough...
mo-
Mech
geckochat is really extraordinary...
...it is a verbal interface for the carebot and a great upgrade for the safepath wheelchair.
it is true AI with natural language processing (NLP) using forward chaining if/then/else written in a mature AI language, prolog.
the microphone "array" is super cool, too. it improves the signal to noise dramatically and enables the voice recognition software to recognize words such that the NLP of AI engine can reliably "recognize" predetermined phrases and/or words.
the family gets to customize this interface and tailor it exactly for the needs and benefits of their beloved family member.
so the voice synthesis must be clear and loud enough to be readily heard and understood by the carereceiver.
wow!
not a simple system. less complex than the safepath tech, but...
and then there is geckoscheduler...
wonder when ZMP is going to evaluate the full blown boogie? a carebot?
prototypes tend to be delicate. shipping could be a problem-
in conclusion, geckochat is fundamental and I don't see verbal interaction, for monologues and/or dialogues, on anyone else's personal companion robot.
gosy has much, much more than safepath to license-
I agree with Spencer, I think licensing revenues will easily precede product sales-
mo-
Mech
gosy tech for...
...commercial security could produce licensing revenues sooner than anything else-
high levels of actionable situational awareness is what it is all about-
gosy has that capability!
lots of markets in front of gosy-
the tech is that robust, portable, maintainable, and extensible!
mo-
Mech