I forgot that Friday is a partial day, so they have Friday moring to really test the bid and cover

L2 looking very very ask heavy, they are looking to break 4's

57M on the ask

Will be interesting to see how the afternoon and tomorrow play out being a holiday week would expect low volume, but you make a good point as it will also be last trading day of the month.

CDEL is shorting for sure, they are notorious OTC shorter and are putting up 64k ask that has not changed as they sell 500k

thats a pretty helpful statement, care to clarify what you think is up?

Agreed, need some more detailed info before the others jump in but the float is locked and loaded

Not enough concrete info for the big fish, still moving on rumor only. When OTC.com is updated or get official FINRA news we will see a .01 quick

900k on the ask just pulled at .0049, thinks going to slowly move until lift off on official confirmation.

But as long as gains are held and we continue to rise this week we are gold. Always weird action during these holiday weeks, lets keep the momo.

etrade showing name change

GLGT COMPANY OVERVIEW
Company Contact
Headquarters:SUITE 1411, 375 N Stephanie St
MIAMI, FL 89014
Web Address:
Turbine Aviation, Inc., formerly Global General Technologies Inc., is engaged in designing, developing and marketing home-applicable diagnostic test kits and portable diagnostic devices. The Company offers products related to cardiovascular diseases and infectious diseases, specifically for the early detection of acute myocardial infarction (AMI), AIDS and others. The Company's subsidiary is AB (Wuhan) Biotech Co. Ltd. AB (Wuhan) Biotech Co. Ltd. is engaged in developing, commercializing and popularizing advanced In Vitro Diagnostic (IVD) kits/devices to improve human health.

CDEL with 1.1M at .005, they are typically not retail as well.

Agreed, this is just confirmation of what we already knew, i dont think anyone that has contributed besides our resident Gal pal, didn't think that GLGT was Turbine Aviation and getting FINRA approval

This just seals the deal and allows some to get in before the real news hits. One the 8k comes out the whales show up and we enter the stratus sphere

That filing is not for a reverse split, reverse splits would be described on the face of the website and would be as clear as day

Not sure it would make sense for them to purchase so much of the O/S to then reverse split.

if they were going that route they could have just issued preferred shares with voting control, reversed the commons and issued common shares to insiders

But, they were very gung ho by all accounts on getting over 50% of the O/S as evidneced by the filings and the volume noticed back in March/April

Scanners will be lit up this weekend, lets be sure to spread all of the great DD that has been compiled here the last 6 months

one of the best ihub boards going and everything happening as discussed

Will be interesting to see how much of gains hold on a Friday.

But this is just the beginning, this is simply off of confimation of name change.

And another example of the company doing things the right way and being professional.

No need to put out fluff PR's to sell shares. Get the business up and running, approved and then let the fun begin

Quite the development this Friday morning. Hoping this means FINRA approval is imminent

Lol, not looking good at all. this is going back to the 2's which is not a good thing LT.

Interesting, not showing up on etrade

The trend is forming, will if anything remove some flippers until the bottom is established.

But today it seems that "they" want 3's and will sell at 5 & 6

Not today, but next week is a possibility as lower lows and lower highs are being formed

Currently large bid support at 3's, about 150M worth

looks like support may be broken, if so the run is over for now and we will trade between 2 & 4

If it does not touch .0008 today the downtrend is strarting to form as lower highs continue.

Without buying pressure or news .0004's will break and we will be back at .0002 next week

Looking like it wants to Gap down at the open

There wasn't that many so hard to say, but someone who wanted to load without changing the ask. Small orders have a much different effect from phych and L3 perspective

All in all not too bad, 6's were not touched today and as long as 8's close chart still looking good and building a strong base.

To keep the appetite wet, who might this call have been with?

I think today's news clears any questions up. I suggest you read the below

http://finance.yahoo.com/news/swordfish-swrf-announces-b-o-143000647.html

From a TA perspective, need to recover and close at .0008 or chart will be broken

All about CDEL and where they think they can cover, they pulled their bid down and watch it pop up at .0007 if 8's break.

All is good though, getting great news updated and chart is still intact.

Churn, accumulate, churn, accumulate. this will move north soon.

Gona break one way or anther as the ascending triangle closes which is the reason for the tight .0008 & .0009 channel.

.0008 as support is showing the chart strength

Not a bad sign that CDEL is leading the bid at .0008 with 17M

I'm thinking that the 900% rise from no bit to .0008-.0009 and the amount of shares traded has left MM's short shares that need to be covered before any more news if presented sending it even higher.

No person or group can "short sell" this trips stock, just not worth it. But as Dok brings up, MM's will fulfill orders to get business on shares that they do not hold an inventory.

With a stock that rises from the ashes and starts to trade billions of shares out of no where, the MM's can get themselves in trouble when they do not turn away orders.

They then need to rebuy those shares to complete the transaction. And MM's do not like to loose money so they will employ all tactics necessary to cover those shares at a lower price.

Hence the reason it is being held back and the decreasing volume. Longs are locking up shares and MM's need shares to cover all the shares sold from .0001-.0007

there is a difference betweening bashing and talking about the concerns of the stock and its fundamentals.

i am not bashing, I am discussing the market reaction to the report. If the report was golden people would be buying hand over first at the current levels with dilution not even being a factor.

but currently the dilution is still over powering the buying which is causing the price action.

I still like the long term prospects of this company, but the dilution and increasing O/S & A/S has lead to reasons to be concerned.

I am also concerned about AR and the DSO, this needs to be turned over much faster for a company that is desperate for cash.

It was a tough call but one i needed to make, timing is always a b*itch and predicting bottoms is guessing at best but this always seems to sell off on news and if there was something great in the Q they would have PR'd it beforehand

I thought we might see a sell off and the closing of the gap at .006 seems evident at this point. Hopefully the timing works out and I can grab a few mil sub penny and kick back and watch the fireworks next year.

good luck to everyone here and hope to see everyone have better luck in 2015

I sold a couple weeks ago for tax loss purposes, but will repurchase depending on share price once my 30-day wash sale period has passed.

Based on the action, I didn't see it moving like crazy so timed my sale to hopefully get back in before the bounce.

A gamble yes, but based on what i was seeing and now this Q confirming I think this will putter until news is released about franshising ect.

Just to expand, I have been a firm backer of this company and stock for a long time, one only needs to look at my post history to see I am not a basher.

But i will also not see everything through rise colored glasses, the increase in A/S and convertibles is not good short term.

Long term things may work out great, but these facts are why the Q is not being received favorably in my opinion.

it was not unexpected based on filings or the volume and PPS action we have seen from 8/19 till 11/14

The thing that is bothersome is the increase in convertible and increased A/S.

There is no indication that they are not either,

It is concerning to see the O/S increase the A/S increased after they PR'd the decrease, all while convertible debt increase.

These are not the items you like to see increase. If the O/S increased while the debt decreased that would have been ok in my mind.

But seeing shares increase while liabilities are growing at a faster rate than assets it is not increasing my confidence.

They still have a chance at long term success, but in the short term they are becoming less leveraged on the balance sheet and their AR balance needs to start decreasing as their DSO is dangerously high