still alive and kicking
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I figure Gil isn't saying anything because he never came through before and his lawyers are telling him to keep his mouth shut. However, I think his lawyer could craft some type of PR that will inform us whether we are holding wallpaper or real stock. I agree, we are owed some type of explanation. I would rather hear them tell us that the business is done for than to be hanging onto some hope. At least then I can get on with other things.
It's even worse than that, it's like I was barefooted when I stepped in it.
I'm with you Penny, no use wasting time here other than to check and see little tidbits of news like your post that you heard back from Gil. At least we know he is still alive.
Yes, but the float only rose a small percentage to the overall increase in OS. This is no indication of shares leaving insider's hands, which you seemed to have been insinuating.
You have no foundation for determining an increase in the float. It is purely an guess by you. Also, you give two options for your assumptions on revenues either "there are no revenues" or "if there had been revs they have been pocketed for personal use". What about if the revs were used to pay for company expenses, that seems the most likely option that you just selectively omitted. Not sure why? Sure, it is OK to assume the worst but don't turn assumptions into facts.
With the number of shares that may have hit the float, the lifestyle that Gil and "a select few" have is that of a mere pauper. IMO
that may be all I have left, may as well blow it up .. lol.
Does anyone feel that excitement in the air, the sense of electricity that bodes that gsii is getting ready to explode? me neither
There has been no information leaked on this board that has caused me to buy or sell shares of GSII. Additionally, nobody at the company seems to be benefitting from this mess we are in.
Thanks Jersey
Not defending the fact that we haven't had one, but maybe they want to have a clearer time frame in mind for the completion of all of their tasks before sticking their neck out with more promises. Sure would like to know what is going on myself but not going to bug them with emails since I don't think it would improve the situation but only take a few more minutes out of their time focused on getting us back up and trading off the grays. I still have some hope that this is their plan.
Thanks Jersey, sounds like you know wassup and I really do appreciate your contributions to get us back up and running. rags
When you have an accountant do your taxes do you just throw all your tax information to him/her haphazardly or do you put it in some logical order so that they can do their job efficiently? In the case of a business, I would guess that much could be put into spreadsheets and databases to make the accountants work more easily completed (as well as audited). I would hate an accountant's invoice if I did the former. Still, I do wonder why a poster on this board has been tagged to do this job. That's a head scratcher but I hope that jersey is qualified and that we are lucky for it. If so, I am grateful to him. I expect Gil will sign off on this before it goes to the accountants. No way that he will not be held accountable for this lapse in judgement nor do I suspect that he would duck this responsibility for letting this happen. However, this is another hope in a growing list of them.
How much more work will that be for Gunther to satisfy the OTCBB reporting requirements? If he doesn't have the staff to meet the extra work, then where will we be? He will need to hire some staff. For that, he needs cash and we need to see contracts. Based on the timing we were looking at for a contract before our suspension, we may be coming off the pinks about the time he closes a deal. Hopefully, this suspension didn't scare away prospective customers.
hey slayer, "just" coming back as a pinkie after being suspended is beating the odds compared with most. I'll take that first and worry about a higher exchange after they get a "meat and potatoes" contract. Anything more, and I'll be super happy. First, show us some love and get the SEC satisfied. I am guessing that will take several weeks based on reading Jersey's notes.
I am wondering if someone mistakenly put in a buy at .05 instead of .005 and were able to retract it?
Someone got "lucky?".. eom
I am grasping at the same straws that you are. At least, Mr. Slaton did reply briefly to an email but there needs to be some public aeration to assure that this is not a dirty business and lay out a plan that has the backing of being a public statement subject to legal scrutiny. This leverages shareholders some protection especially if dealing with someone who is basically honest. If integrity is an issue with Mr. Slaton, then all bets are off. I still have a small bit of hope that he's a decent man and will straighten this out. What choice do we have anyway?
I put in an automated order at .01 to see and it took it without any error messages. I immediately cancelled so I don't know if I would have gotten a delayed error message. I am just going to let this sit ... what the hell. Hope Gil's conscience is motivated to get us out of these greys. However, I am coming to the conclusion that this may be just an old man's pipe dream and he never had the leverage to bring it to fruition. I still haven't gotten the impression that he has been dumping shares other than for payment for services he has used to try to get this off the ground. Sure would be nice to be surprised on the good side for once but all odds are against us now.
Don't know. Was the company supposed to have something done during the suspension period? It may do us well if we are suspended until the company produces its financials. That may be the only hammer that will convince them to get it done.
I believe AT requires you to call in orders for stocks trading on the grays. Scottrade make work the same way. You may have to trade by phone until (if?) we get relisted to the pink sheets.
Thanks Jersey, won't be holding my breath for this week but expect some type of communication from the company about this fiasco sometime soon. I got nothing else to say until the company says something about this.
Mr. Slaton's response to an email I sent to him FWIW ...
"All forces are engaged to meet SEC requirements. We will keep you posted.
Thanks for your continued interest in GSI."
Sounds like he is taking this seriously and getting on it. JMO
Going to Portland tomorrow and will be out of touch until next weekend (not paying $9.95 a day for hotel connection). Don't think I will be missing much ;)
rags
So, in the meantime, I'm going on a sabbatical until June 9th. Nothing else to do but wait and hope Gil gets this straightened out. I dropped him an email and hope he either replies to it or gives a public statement. gl rags
Jersey, while I respect your posts and support for GSII I think that Gil would have had a warning letter sent to him from the SEC that this would happen. How much warning, I don't know. But the Government does warn not only to give the party time to comply but to save themselves the extra resources spent dealing with suspending a company.
boy, i sure do know how to pick'em...eom
We're RUMBLINGGGGG!!!! gl and have a great weekend, this excitement is too much for me.
maybe tomorrow or some day where tomorrow is the day?
Hopefully, this is the pits!
are we having fun yet?! glta, will check back when we get something good. The reason why we are down is that the clock has been pushed back (again) to the end of June. Nobody sees anything happening before that time? I'm not holding my breath but I hope that something happens sooner just to keep us off of the bottom floor. Actually, I just hope something happens in the time frame that is now on the table since it hasn't done so in the past.
thanks for that info Walker! .. eom
good morning and glta .. eom
Hope some of his former clients like him enough to do business with our company in future financing arrangements. Sometimes a solid and skillful financier is as valuable as the company they work since they know the ropes of flexible financing arrangements to secure client investments. As usual, we wait and see. BTW, what 45 days in gsi years? lol
thanks for the report stocates ...eom
I've been on the couch for over a year since i lost it all in ckys (scammed by publishing a $25MM false contract with homeland security). I was undeniably stupid. What I had left is here and then i am out of the pinkies and otc for good unless this one does turn around and gives me some money to risk. I still see gsii as a sleeper but I didn't know I was dealing with Methuselah(sp). Still, redemption is still possible here. I am like you though, mad at myself for buying high (~.024) and then bought more with the last of my money when it reached over .06 thinking it was breaking out. Everything extra i have now is going into mutual funds and bonds. I'm getting over it but the pain of what I caused my family is still hard to bear. I guess the one bright side was the write off on the last two years of taxes (and maybe one more). At least I have enough sense to never recommend a pinkie to anyone, not even ckys when I thought I hit the dream pinkie. Go GSII!!!! (that's my pump for this week). I'm in it til it busts or blows skywards. I will probably dump some at .1 if we get that far. Have had a sell sitting there in case i am away from the market when that happens.
If direct timelines are known, then Gil can put it in print. Otherwise, we have heard oral statements before that were not followed through. That is unless those who claim to have spoken with Gil have been lying. That is not out of the realm of possibilities on a BB though I couldn't point a finger at anyone and prefer to maintain a certain faith in whatever humanity is left in this world.
sounds like NITE likes it upside down and backwards .. eom
anybody have a quarter so this pony ride will start moving again?
I greatly appreciate your update.. eom
well, i went to Atlanta for a couple of days and was hoping to come back to see some news and this stock to have held up but I guess I'm not too surprised. Still hanging on for dear life myself and hoping the captain is still on course. gl
Maybe they have wisened up after the last one and want to wait to get of this company's worth before singing its praises in a news release. That is, if it's true that there is a new PR firm and not a fig newton ..lol. Hopefully, the next news release will be from the a new PR firm about something other than themselves (contract, audited financials, whatever?). In other words, I don't want to see the next PR be about the hiring of the new PR firm that has connotations of payments to them in either stock (hopefully, restricted) or assets without news of revenues to balance the financial hit. That is unless news of a contract follows the announcement in short order. gl