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Perhaps 10,000 spoons when all you need is a knife...lol
Welcome back.
Regarding GDGI's debt, the way I see it:
1. The 2.2 mil debt will be wiped off the balance sheet when Levy is convicted.
2. The 800k debt owed for legal fees could be paid for in part or in full with any money GDGI gets from the sentencing.
One might speculate that these lawyers consulted for GDGI on the condition of being paid when the company gets paid.
One might further speculate that the lawyers and the company knew GDGI would quite likely be getting compensation, as lawyers generally aren't considered to be generous with their time.
Just a thought!
Remind me, what is the other 800k in debt for?
Insiders? Is it VFIN on the ask? That is the MM they have used in the past.
If GDGI does indeed get compensation from the Levy conviction to the tune of that $5+ mil, we would fall somewhere in the 3-5 cent range (based on what the new market cap would be).
We will have our day in the sun - the ones like you read about on the breakout boards where stocks go up 100% or even 500% in one day.
If not on an announced sale, certainly when GDGI gets restitution from the Levy conviction.
I will empty my savings account to buy up anything in the teens. That would be an opportunity to have a quick 3-5 bagger and possibly a lot more.
What did you ask him and what was his response?
Yes, Ben said that results from the test should be in any time now.
The board may be quiet, but the company is far from dead. Ben has been responding to my e-mails, sometimes within seconds.
My e-mail from Ben earlier today regarding testing: "Im waiting on results. Should be anytime."
News should be 3 days or less per Ben's last public update!
Can any other longs speak to this?
Not sure. My guess is since the initial testing they've added this to the unit.
Ben e-mailed me today that the current testing is to demonstrate the water filitration technology on the Cool N Save commercial unit, and not for a new product or application.
Was hoping we would move up to 39. There's always tomorrow...
Either way, I'm sure Ben will keep us posted. He's been much more active with updates this month than any other time since I've been a shareholder.
Thanks, man. Maybe I will bring us some luck. Unlikely because I've never had much luck in anything, but anything's possible I guess. I feel GDGI is a much better bet than any other penny I've "invested" in.
I've been told MMs do that in an attempt to scare retail into selling to them.
That's pertaining to Cool N Save savings testing (which is why it takes 1-2 years). This new test is about a different technology. Since there's no savings aspect I wouldn't think it would take as long.
What is the Palm Springs one?
"10 days" from the social media update on Wed. Beyond that we just know that it is about the water filtration technology.
Only scared retail would get us to 2s (IMO)...
Sure thing.
Curious as to other shareholders' take on this.
So, you're thinking this is a new product they're testing, entirely unrelated to Cool N Save? Or are they trying to prove that specific part of the CNS technology?
Yes, I think Ben said previously it would be within 10 days. Relative to 2 years, 10 days is nothing!
I sent Ben an e-mail asking about the difference. His reply:
"The previous test was a performance test to prove our savings. This is a water specific test in a really bad water area proving our purification technology."
I found out the difference between this current "test" and the "testing" that has been going on the past two years, in case anyone is curious.
Does anybody know what kind of a test this is? The previous social media upates indicated they've already been testing for two years.
If that mammoth bid starts eating up the ask, this thing sky-rockets. Same thing happened with PTA* the other day...
Wisebuys, you've been awful quiet lately. Are you still hangin around?
Ben needs to come out with the quarterly report so we can see if these reviews and articles you've been finding have helped with sales...
I'm afraid I don't have much to report, as no one was available to answer any questions. I can only state the most basic observations:
They have a modest-sized office suggesting a workforce of about 5-10 people.
Although small, the office is in the heart of downtown, which is a very high rent area.
The signs/logos were very professional looking, as was the decor of the part of the office I could see (without being able to get in).
The sign on the door said not only Epazz, but also two of the companies they've purchased.
Glean from this what you will. I don't plan to buy more or sell until I can go back or they release their 10Q or more info about the divy/spin-off situation.
Ben e-mailed me "hope to have tests done ASAP"
This is of course CEO-speak and doesn't tell us anything finite, but I find it to be fairly encouraging.
If he is looking to unload, there are 300,000 shares at 33 and then 540,000 plus a hidden wall at 32. With this low volume, no one is going to buy those shares at 4...
Not sure why the chatter here has gone done. On the positive side, no one seems to be selling.
All, I'm relatively new here, but excited about the company. I recently discovered they are located in Chicago (where I live) so I plan to check it out tomorrow afternoon. Might just put more $$ into this if I like what I see. Will let you know how it goes.
He could pay off any remaining debt as well!
Not to get ahead of ourselves, but since it looks like GDGI will be getting some kind of compensation, the next question for Ben and shareholders would be how to best use the funds.
Ben has seemed very responsible since I've followed the company - I'm pretty confident he will "reinvest" in GDGI.
He could hire a sales force, lease more factory space, try his hand at marketing. This is primarily speculation here, but any of these things could really help the company and its shareholders.