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These financial stocks are black boxes. Almost impossible to value, especially ones that rely so much on counterparty faith, esoteric regulations, etc. I'm staying far away for now.
Thanks for sharing your experiences. That's pretty much what I've read across the blogosphere. If the software still has a lot of kinks then that's probbably why we don't have any big partnerships yet. Think you could check it out again in a couple months and post an update?
Until any equity financing is announced, at any rate. Hopefully they are not as dumb as my other sub .50 company and can arrange out-of-the-money strike prices for the converts/warrants.
Dilution at a discount to these rock bottom prices would be a moral crime, but frankly I don't really put it past them, given their US-side people's history.
I'm stuck holding a bunch too...This would be a half-decent investment if they RS and get listed. My average buy in price isn't that high, but I plan on selling everything once(if) that is hit so I can get out of this stock with the skin still on my back. But if we drop to .15 or so then I might buy and flip it with Pope at .20. The reason I am going to sell it all at an opportune time is because this company has made clear they don't give a rat's behind about shareholders. IMO they just view us as a source of easy free money. That's kinda what you get with OTCBB companies in general, but GTEC has way outdone any OTCBB company I've been invested in (I've never been dumb enough to go long stocks like SWVC, DLAV, etc. which make GTEC look like Berkshire Hathaway).
If we don't reach my average buy in price by eoy 2009, then screw it, I'll sell at whatever the PPS may be. Hopefully its above .20 at least...
ok, thanks
Thanks for the reply...so if you were to go long, then you'd wait for after the RS as well? Or how would you play this if you were looking to go long?
How likely is bankruptcy for Rite Aid? The stores seem decent where I live, but I can't seem to find anyone with a positive view on Rite-Aid. Personally I prefer their stores over CVS (but not Walgreen). The financial situation seems a bit of a mess, I'm curious to hear what the shorts and longs here think the medium term future (2-5 years) holds for Rite-Aid. Is bankruptcy a real possibility or is that fear overblown?
Probably there is a lot to be adjusted given the rapidly deteriorating economic climate in Vietnam. Cavico is somewhat of a conglomerate so I can see how it could be quite complicated. I hope we aren't hurt too bad, but I'm sure Cavico wont be unscathed. Double digit inflation, popular unrest...the economic situation down there is no joke.
ORRRR....what if the people responsible for this company's depressed stock price can be found within the company itself?! Now that's a novel idea for everyone...Occam's razor sure does wonders!
I just never would have thought to look at the company's filings for people to blame. How silly of me. But I guess its more fun to make up imaginary quixotic foes to vanquish. So carry on:
"Those darn MM's!!! Greedy punks trying to keep the price low when clearly everyone loves this stock; and when it pops it will make Google look like Citigroup!!! Chart says we are ready to leave the station!!! CHOO CHOO!!!"
Yeah, its just one big huge conspiracy, Long. There is a vast MM conspiracy to keep GTEC's stock depressed.
john302 is NITE ...LOL, I wish.
We need a RS (ASAP) to get this PPS anywhere, imo. 1 for 20, lets just bite the bullet and get it over with. Its in the best interest of everybody, from Wubo to Pope to us. If a RS is not done I can't see us getting above .25.
I just can't believe a 100 million dollar profitable growing company would want to be trading like this. We should be pounding IR and Elsa every day to get their plans for the share structure going forward.
He did? wow, ok. =/ If you say so!
Back on topic, it seems .80 is the new 1.40. I'll wait a bit and maybe jump in if the floor holds. Lets hope it holds better than 1.40 did.
Raw, good post. I kind of hope they can just get the minimum restaurants needed to be cashflow positive, and focus on liscensing. Its a race against time on several levels (available cash, nolan's age, competitors etc) . Like you say, fascinating story no matter how it turns out.
Fortunately their contracts are getting adjusted. But will it make up all the difference? I'd guess not. But that's not what keeps me up though. You gotta invest when there's blood on the street.
What does worry me is our share count. Frankly I'll be nervous holding this until we get to a respectable exchange. Hope we don't get too much dilution.
So who has the dope here? What's this about a 120 to 140 million market cap...etrade shows 29.8M shares OS and 72.1 M market cap...is this outdated? 2009 proj. revenues?
Interesting company so far...might be a bit overvalued for me though.
Vietnam Suspends Gold Imports, Follows FDR's Great Depression Lead
http://seekingalpha.com/article/83772-vietnam-suspends-gold-imports-follows-fdr-s-great-depression-lead
I agree, ethanol sucks. At least for most countries except Brazil, where it makes sense.
But the future for transportation will be mostly electric cars, imo. At least that's what makes the most sense to me. The new Volt hybrid can do 40 miles without using any gas, for many people that's all you need. Some new priuses will have solar panels on the roof to help the car recharge while parked. (I own a Prius myself, love the car. Bought it when they first came out because I knew where gas prices were going. I'd have bought american if we had anything worth buying at the time. But those Japanese know how to build some quality vehicles.)
So given that ethanol will not be viable long term, and meat producers will have to raise prices, at what point do you think it would it be smart to buy meat producers like PPC or SFD?
Also, do you see a good way to profit from rising pork prices by investing in any particular stock, rather than directly in the commodity? Thanks
So eefland, how much of the recent run-up in oil has been the result of increased speculation as opposed to supply/demand, in your opinion? I think its not-too-coincidental that right after the printing press of liquidity got revved up we saw a spike in certain commodities. Bailouts beget asset bubbles, do you see commodities as the next asset bubble? The whole thing just seems very unstable to me...lightly regulated, highly leveraged, growing disconnect between on the ground and on the board...You probably know much more about this than me though, what are your thoughts?
Yeah I do know this, and many companies (like AQUI etc) choose their TA for this reason so they can say "its the TA's policy, not ours". When the TA acts like they won't provide info because they are too busy instead of just coming out and saying its their policy not too, that is the worst sign of all.
But whatever.
I'm just going to write off these shares for now, keeping my fingers crossed for some non-restaurant, high margin deals to save this company from the death spiral. As it stands the company has a 10 million dolar market cap for 2 restaurants, 5 (or so) years of nolan's life, and a prayer. So there is no PPS bottom until they get their [stuff] together.
There's only one reason for a gagged TA. And usually its only pink sheet scammers that have them.
I'm kind of peeved about this, despite my small holding. Peeved at myself for thinking Uwink had a enough of a high caliber management team to forgo basic otc DD like calling the TA, and peeved at uwink for having a gagged one. (not to mention serially over-promising and under-delivering)
ugh >:(
Guess I won't be adding any after all. Well...maybe when they uplist to the Amex. Isn't that supposed to be any day now? LOL
Down to a hope and a prayer. GL to all the longs with much bigger positions than me here. Hope this works out one day.
Their TA is gagged?!?
Id rather see more partnership deals like the retirement community one. I'm suprised there hasn't been more, given Nolan's connections. Where are the Apple partnerships? Did he treat Stevie so bad at Atari that Nolan is now blackballed? lol. The restaurant concept is cool, but touch screen software for integrated computing is a real secular growth story. It'd be better to see money off that, and not just from "games" but from serious, practical programs.
The selloff is seriously concerning. I wonder how much of the selloff is from Uwink employees frustrated with the company's grand opening and other developments we haven't found out yet? I'm glad I am not heavily invested here, but I'll probably add a little more after we flatten out. This is the kind of stock you should just nibble on with spare change as an extremely speculative gamble, especially given Nolan's old age.
Jon Lebed... A notorious pump and dumper, who got into trouble with the SEC when he was only 15.
http://en.wikipedia.org/wiki/Jonathan_Lebed
Ah, i missed that. thanks.
What's going on here? doing a periodic check on the smallest of my speculative positions...We seem to have nosedived for no reason. I take it that the grand opening must have been rather underwhelming. Did anyone here go?
Ok. Well hopefully all that green becomes reflected in the PPS one day.
Well you guys can be as bullish on GTEC as you want to be. You are entitled to your opinion as I am mine. How about this:
Let's let GTEC's PPS provide its own interpretation of the facts. I think so far the market is quite clear to all as to what it thinks of this financing deal. If you guys think the market is wrong, you should be ecstatic and loading up on shares. But instead, you guys sound very edgy and nervous. Perhaps you are ecstatic that GTEC has crashed so you can load up on shares. But in that case I just can't tell.
Can we get a "Gooooooo GTEC!!!!"?
BBB...The GTEC train's been MIA...POST IT UP!!!!
YAY!!! DON'T SELL!!! HOLD FOR THE BUCK!!!!
$$$$$$$$$$$$$$$$$$
lol...Ok I'm done with you guys...good luck loading up on GTEC and its billion shares. I'm not being facetious.
LOL...ok, if that's what you think, be my guest Long. Its not true, but if it makes you feel better thinking I'm a basher, then be my guest. Truthfully I'm not concerned with what your opinion is of me. I just think its more prudent to address the bearish side when dealing with these OTCBB companies, so you don't lose your shirt, like anyone that was slapping ask per your request in GTEC has. I was bottom feeding and sure am glad I didn't get over exuberant listening to pumpers and buying shares over .30. But rest assured I am not buying shares at these levels, in light of the recent news. Unfortunately I'm stuck here at the bottom with you waiting for a pop to unload the rest of my shares and be done with this company.
bbb, here's your link: http://biz.yahoo.com/e/080603/gtec.ob8-k.html
"Company must, among other things, increase the number of its authorized shares of common stock to 900,000,000 by August 31, 2008"
"At any time after the issuance of the Note, any Investor may convert its Note, in whole or in part, into shares of the Company's common stock"
I posted a link a while back showing the terms of another Pope deal that were much more favorable.
No, its not. lol. That's why the PPS plunged. The market did not view this deal favorably.
My rosy opinion of GTEC at that time was in error. I didn't attack my money. Cao Wubo and Pope did by diluting the heck out of my equity. So I'm disgruntled with GTEC.
I didn't provide any "insite". I post from home.
I couldn't have scripted a better story than that myself. haha
The story sounded so good, I didn't even think of Providential!
answer to your question at the end: Not very.
.20 support eroding...saw .188, getting lower lows. If GTEC keeps it up, it might become a buy again because you know Pope will make sure it gets back to at least .20 so they can convert their notes. Apparently whoever was rigidly keeping the PPS from going below .20 is realizing it an excercise in futility...not to mention making the chart look completely abnormal, further scaring potential new investors away.
As to whether Wubo cares since he got his millions...of course he doesn't care...that's written all in the terms. The Chinese typically don't see stocks as any kind of ownership in a company, they just see it as money to be printed. You won't see any activist shareholders in Chinese stocks...even in China. Normally that attitude is a bit more hidden than in GTEC's case, but for example look at WX on the NYSE. That company's stock has struggled despite being a great company because the employees and investors on the Chinese side flooded the market with shares they are selling, and the volume hasnt been enough to support. They were completely clueless that their shares were supposed to represent anything of tangible value, lol. free money! And that's with an ADR...how much more the case with an under the radar reverse merger otc shell company. I don't think Chinese stocks make good long term holdings for this reason. Just surf the waves and hope you don't get your shorts pulled off like with this kind of financing. Those of us who have watched enough stocks go through the uplisting process know that uplisting is a long, long way away for GTEC. Anyone still holding shares can only hope for a short term bounce to exit for greener pastures, or hold dead money for a few years. I'm crossing my fingers for the former but I doubt it.
That's not good at all...has anyone called the companies IR about that?
ahh...you edited your post. lol.
Anyway I appreciate you SUBSTANTIVE bullish case. We could use more of that.
We'll see how it goes. I'm still skeptical though. Because GTEC, imo, should not have agreed to such terms.
I'd only add to GTEC after they do a RS at this point.
I'm not sure what kind of logic they used to come up with that stupid financing. I'm guessing it was more Elsa's than Cao's though. All I know is that Pope has GTEC by the balls, and all we can do is hope the best case scenario turns out, as opposed to a multitude of other possible scenarios.
Its not in Cao Wubo's hands. Its in the Pope's Investors. If they dilute enough via these notes, it could force the EPS to be lower unless Cao really smacks it out of the park.
I don't really consider the stipulations regarding EPS a guarantee, however. We will see.
Thank you for a respectful reply to the question I posed. I'm glad you provided an answer for everyone in that respect. I'm still doubtfull about any RS in the near future, but that clause is good to know.
Yes, the company interests me, but that SGA figure is kind of scary. Negative cashflow OTCBB companies are very risky, even with a good story. I will have to look into who is behind the company as you suggested.
Do you know if they are positioning themselves to keep up with advances in solar technology that could make much of current solar tech obsolete? I'd like to see more of the SGA expenses moved to the research and development line.
Keeping my eyes on it, but I'm thinking I'd like to see some positive cashflow first.