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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
So Wallace's wife left him due to GOSY?
Because "flyash" Wallace refused to acknowledge that his obsession with GOSY and the Spencers was aberrant?
Or did she leave him because after going through a full psych exam and being put on meds, he then refused to take his meds due to his love of the "juice" in stalking the Spencers?
What is your opinion as to why Wallace's wife got sick of his constant trolling for the Spencers and left him?
She knew he needs daily medication, but since he refused, she left him due to his obsession with Spencer and GOSY?
Is Wallace now obsessed with Paula Nelson because his wife left him due to his stalking of her and the Spencers?
This was told to me by those known to me that have no reason to lie to me.
mo-
Mech
This will be a big help in negotiating with Pride et al:
Spencer has an excellent, professional business education:
Executive MBA in 1987 from J. Mack Robinson College of Business, Georgia State University, Atlanta, GA
Ranked 64th worldwide among EMBA programs by Financial Times
http://www.robinson.gsu.edu/emba
BS-Mathematics in 1982 from Georgia State University with emphasis in statistical analysis, minors in physics and marketing.
tech companies get revenues from product sales...
...and/or technology licensing.
I recall reading that Spencer has said on numerous occasions that he expected technology licensing revenues to precede revenues from product sales.
I know that some very large companies in the tech sector never "sell a product," but only license their tech to others.
since gosy can do both, cool!
less risk for the investor with multiple markets with the same tech!
with this independent, third party validation of their safepath technologies by ZMP, I suspect the basebot will be a "show pony" in Japan for interested licensees in Japan, China, South Korea, etc.
no doubt Hajime Yasumatsu is working very hard to have lots of pony shows!
definitely looking forward to hearing about them!
mo-
Mech
So Wallace's wife left him due to GOSY?
So Wallace is more concerned...
...with MONEY than doing PRISON time and his wife left him because of that?
Correct?
Like I said, and is documented here:
http://www.geckosystems.com/W_W_W
Wallace truly believes the legal system is simply there to provide him "willing victims."
Correct?
Wow, wonder if the Sheriff will hit his siren briefly to bring Wallace out of his home in that fancy gated community?
Bet the neighbors will be video'ing Wallace's perp walk to upload on YouTube since his wife has left him due to his obsession with Mrs. Spencer, or is it Ms. Nelson he is obsessed with?
Will it go viral?
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?
GeckoSystems Named One of Eight Key Market Players in Service Robotics Industry
CONYERS, Ga., October 11, 2012 -- GeckoSystems Intl. Corp. (Pink Sheets: GOSY | www.geckosystems.com/) announced today that an internationally renowned market research firm, Research and Markets, recently deemed GeckoSystems to be one of eight key market players in the service robotics industry. For fifteen years GeckoSystems has dedicated itself to development of Mobile Robot Solutions for Safety, Security and Service™.
Research and Markets stated in their report, "Personal & Professional Service Robotics Market - Global Forecast & Assessment by Applications & Geography (2012 - 2017," that:
"The key market players in service robotics industry are Honda Motors (Japan), iRobot (U.S.), AB Electrolux (Sweden), Sony (Japan), Fujitsu (Japan), Toyota (Japan), GeckoSystems (U.S.), and Yujin Robot (South Korea)."
http://www.researchandmarkets.com/publication/9rvoof/personal_professional_service_robotics_mark
"We are pleased that the experienced market researchers at Research and Markets are sufficiently astute to accept that small service robot firms, such as GeckoSystems, can nonetheless develop advanced technologies and products as well as much larger, multi-billion dollar corporations such as Honda, iRobot, Sony, Toyota, etc.," reflected Martin Spencer, CEO, GeckoSystems.
In this Research and Markets report, they state:
"The global service robotics market in 2011 was worth $18.39 billion. This market is valued at $20.73 billion in 2012 and expected to reach $46.18 billion by 2017 at an estimated CAGR of 17.4% from 2012 to 2017. The market is driven by factors like ageing population, value enhancement by robots, increasing grants and funds by governments, increasing venture capital investments in service robotics companies, enhancements in complementary technologies and integration of robotics with mobile technologies, other smart products, and appliances."
GeckoSystems projects the available market size in dollars for cost effective, utilitarian, multitasking eldercare personal robots in 2013 to be $74.0B, in 2014 to be $77B, in 2015 to be $80B, in 2016 to be $83.3B, and in 2017 to be $86.6B. With market penetrations of 0.03% in 2013, 0.06% in 2014, 0.22% in 2015, 0.53% in 2016, and 0.81% in 2017, we anticipate CareBot sales, from this consumer market segment, only, of $22.0M, $44.0M, $176M, $440.2M, and $704.3M, respectively. The company is presently securing funding for manufacturing, marketing and final beta testing of their CareBot.
"From our humble beginnings on a kitchen table and a two car garage over fifteen years ago, we have demonstrated publicly for companies such as JC Penney, Honeywell, Dell, Ketchum-Crescent, Ember Industries, Future Electronics, Chubb Insurance, Alexian Brothers, Stryker Corp., Allied Plastics, Samsung, Mitsubishi, Hewlett-Packard, to groups of children in schools and to elderly in their homes and nursing homes. CareBot prototypes have been publicly demonstrated at the Robotics Institute of America (RIA), RoboBusiness trade shows, and numerous local computer shows.
"We believe that critical mass has now been achieved in the service robotics industry. Modern computer and optic technology has brought cost reductions that enable us to introduce advanced Mobile Service Robots to the retail market for use in elder care, security, and of course our SafePath(tm) wheelchair which is in the final stages of pre-production engineering." observed Spencer. "In light of increased government support for robotic health care assistance in the EU, Japan, China, and other countries around the globe, we feel that our market scope estimates are extremely conservative."
About Research and Markets:
Research and Markets is the leading source for international market research and market data. They hold thousands of major research publications from most of the leading publishers, consultants and analysts. They provide their clients with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Research and Markets
Guinness Centre,
Taylors Lane,
Dublin 8,
Ireland.
http://www.researchandmarkets.com/
So Wallace's wife left him due to GOSY?
Because "flyash" Wallace refused to acknowledge that his obsession with GOSY and the Spencers was aberrant?
Or did she leave him because after going through a full psych exam and being put on meds, he then refused to take his meds due to his love of the "juice" in stalking the Spencers?
What is your opinion as to why Wallace's wife got sick of his constant trolling for the Spencers and left him?
She knew he needs daily medication, but since he refused, she left him due to his obsession with Spencer and GOSY?
Is Wallace now obsessed with Paula Nelson because his wife left him due to his stalking of her and the Spencers?
This was told to me by those known to me that have no reason to lie to me.
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
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
So Wallace is more concerned...
...with MONEY than doing PRISON time?
Correct?
Like I said, and is documented here:
http://www.geckosystems.com/W_W_W
Wallace truly believes the legal system is simply there to provide him "willing victims."
Correct?
Wow, wonder if the Sheriff will hit his siren briefly to bring Wallace out of his home in that fancy gated community?
Bet the neighbors will be video'ing Wallace's perp walk to upload on YouTube!
Will it go viral?
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
Rule 144 ALWAYS applies.
Wallace is getting an VERY expensive and PUBLIC education here.
One may find some personal DD insightful.
I did.
Ask an SEC attorney that understands Rule 144, instead of avoiding its mention or reference in any manner whatsoever.
I am right.
Even GOSY's attorney agrees:
http://geckosystems.com/W_W_W/Notice_of_Appeal-stocksale.pdf
http://geckosystems.com/W_W_W/Brief_for_appeal_of_stock_sale.pdf
http://geckosystems.com/W_W_W/Appelants_Reply_Brief.pdf
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
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
he will be motivated to immediately settle with marty on marty's terms.
Spencer probably feels pity for Wallace since Wallace was a victim of emotional, if not also physical, torture and/or abandonment as a child. Wasn't Wallace abandoned to some boarding school? That sure didn't help. How can one hate someone so broken and a helpless victim of childhood abuse?
I can't.
The Spencers? They just want Wallace GONE. If that means in prison, that is Wallace's choice.
but, mo-
Mech
Yes, the Spencers' DE attorney is very happy-
Mostly due to Wallace's very public admission that he "manufactures propaganda" for the sole purpose of "scaring investors off."
Happiness is a public confession by Wallace for tortious interference...
Wallace is no doubt prevaricating, deflecting, heehawing, and just outright lying that "it ain't so, 'cause I say it ain't so!" Wallace bellows that constantly since he has NO URL's to support his manufactured propaganda he uses to cyberbully the Spencers.
This is why Wallace hates "spencerland" here:
=====================> http://www.geckosystems.com/W_W_W <=====================
geckochat is really extraordinary, too...
...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
No doubt GOSY is in discussions with lots of wheelchair folks. Due to the ease of integration of GOSY's AI into wheelchairs, from a technical standpoint, that is a VERY short path!
How is Wallace's cyberbullying of the Spencers FUNNY?
Do tell-
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
It was 400+ violations by Wallace-
Should all 400 PLUS violations by Wallace of the Spencers' TPO be posted here? http://www.geckosystems.com/W_W_W
BTW, what is "funny" about Wallace's cyberbullying of the Spencers?
Isn't the deliberate infliction of emotional distress sadistic?
Isn't that callousness and lack of empathy indicative of sociopathic behaviors?
Why would any sane person object to a psych exam? Didn't Spencer take several when first in the military? Didn't Spencer pass vetting with the CIA, Emhart Corp, and Hughes Aircraft? Why is Wallace so deep in denial as to his obsession with the Spencers?
I can answer that, Plankton is right, Wallace is a card carrying sociopath.
mo-
Mech
First--how do you know whether marty violated the TPO or not?
Second, the GA court ruled it did not have the authority to issue the TPO and rescinded it.
It was invalidated.
You can't violate an invalid order.
And 400 times? Did maerty count each one?
Pretty obsessive, don't ya think?
Did he keep a list in his diary?
If he violates the law again, it's a felony and he will be extradited and jailed.
Historical Short Selling Data For gosy
Pretty obvious that GOSY is being massively shorted!
http://otcshortreport.com/index.php?index=gosy&action=view
Date VolShorted% ShortVol RegularVol
Feb 28 59.63% 162,500 272,500
Feb 27 74.00% 370,000 500,000
Feb 26 21.35% 380,000 1,780,000
Feb 25 13.46% 175,000 1,300,000
Feb 22 40.11% 1,172,000 2,922,000
Feb 21 36.46% 525,000 1,440,000
Feb 20 61.92% 1,000,000 1,615,000
Feb 19 36.87% 400,000 1,085,000
Feb 18 0% 0 0
Feb 15 38.95% 370,000 950,000
Feb 14 80.00% 200,000 250,000
Feb 13 90.90% 644,500 709,000
Feb 12 61.11% 440,000 720,000
Feb 11 74.17% 890,000 1,200,000
Feb 08 72.48% 1,800,373 2,483,846
Feb 07 37.53% 541,400 1,442,400
Feb 06 19.00% 110,000 579,000
Feb 05 0.24% 10,000 4,105,000
Feb 04 45.01% 3,130,000 6,954,200
Feb 01 78.23% 575,000 735,000
Jan 31 4.34% 50,000 1,151,000
Jan 30 28.09% 4,625,000 16,466,000
36.11% 17,570,773 48,659,946
GeckoSystems Supporting FINRA Investigation Into OTC Trading Abuse
CONYERS, Ga., October 25, 2012 -- GeckoSystems Intl. Corp. (Pink Sheets: GOSY | http://www.geckosystems.com/) announced today that as a result of their letter to FINRA on September 7, 2012 --regarding an ongoing naked short selling (NSS) of GeckoSystems stock-- FINRA has launched an official investigation. GeckoSystems alleged in their letter with supporting documents to FINRA, that George Iveagh MacLeod is orchestrating this NSS.
The purpose of this press release is to inform stakeholders regarding GeckoSystems management's perspective of the extraordinary stock price oscillations induced by broker illicitly trading of GOSY stock on October 10. After good news was released, massive NSS resulted in decreasing the share price dramatically.
"We were contacted by a FINRA investigator on October 11, the day after an incredible 38 million shares of GOSY stock was traded on our announcement of JV and acquisition discussions. At the time we believed NSS shares were the source of this forray, as our recent NOBO list does not show shareholder, or group of shareholders, that could possibly be trading that size and volume. On October 16, 2012 I had a lengthy discussion with the FINRA investigator. He's asked to see that NOBO list and other company confidential documentation. We are hoping that FINRA will get to the bottom of this, explained Martin Spencer, President/CEO, GeckoSystems."
GeckoSystems is suffering a classic NSS as is described here: http://shareholdersunite.com/the-ioc-files-useful-background-material/short-sellers-and-naked-shorting/ http://counterfeitingstock.com/CounterfeitingStock.html
Since companies trading in the Pink Sheets are not electronically traded, but done with phone calls between selling and buying brokers, this important equity market suffers more NSS than normally feasible in the more pronounced stock exchanges in which all buys and sells are electronically matched and not done "over the telephone."
For over fifteen years, GeckoSystems has been developing "mobile robot solutions for safety, security and service™." The benefits from GeckoSystems range from SafePath™, "collision free" wheelchairs to personal assistance robots (a new, labor and time saving home appliance) for family care to professional healthcare to commercial security.
In a lengthy conversation with the lead FINRA investigator last week, some GeckoSystems' company confidential information was requested and provided to support GeckoSystems management's belief that massive adverse influencing of GOSY stock pricing is occurring. Management believes offshore NSS under the direction of George MacLeod is facilitating this adverse stockholder event and if it involves money laundering, the SEC has an imperative due to the Patriot Act to investigate promptly.
Several prominent US and international brokerages have exhibited irregular and abusive trading patterns which have driven the valuation of GOSY stock into a range which is unrealistic given the value of their suite of mobile robot solutions. This was readily apparent watching Level 2 Bids and Asks of the various market makers on October 10. It would seem that if these market makers are not knowingly involved then George MacLeod and/or others are manipulating them in support of the ongoing NSS on GeckoSystems.
This September 7 letter to FINRA from GeckoSystems with its allegations regarding George MacLeod and others may be read in its entirety here: http://www.geckosystems.com/investors/Letter to FINRA Sept 8 2012.pdf Some documents also supplied to FINRA supporting these allegations are here:
http://www.geckosystems.com/investors/GOSY presentation for FINRA Sept 8 2012.pdf
Several domestic and international brokerages that participated in the abnormal trading patterns on October 10th have been contacted at senior levels regarding their apparent complicity in the short attack on GeckoSystems. Most did not respond at all. One, a very prominent international firm, sent the CEO of GeckoSystems a letter denying those complaints, stating that they were satisfied that no illegal activities were occurring. Within two days of receipt of that letter, this brokerage resumed a pattern of blatant capping GOSY stock on the bid while traffic was routed through secondary market makers. This pattern of adversely influencing normal trading was obvious to a even a casual observer of Level 2 bids and asks, as was the leadership role of this international firm.
Simply stated, for some time now, whenever the company releases bona fide good news, the stock price is capped with massive blocks on the Ask and then shorted down to a significantly lower price than that prior to the press release. The share volume used to execute these maneuvers is dramatically disproportionate to the amount of available shares and trading patterns of GOSY stock. This pattern is consistent and the company believes that even today's press release will likely be met with artificial liquidity in the form of shorting and wash trading in order to further lower the price of GeckoSystems stock.
Kidea.com recently published an account of the company's fifteen-year history:
http://www.kidela.com/columns/how-we-started/mobile-robots-are-in-our-future-martin-spencer-of-geckosystems/
GeckoSystems also sent a copy of the FINRA letter and research report to the SEC, which has been forwarded to their Office of Investor Education and Advocacy (OIEA). At this time, the SEC states that they cannot confirm or deny the existence of an investigation regarding the claims alleged in GeckoSystems' September 7 letter to FINRA, but it is substantive that they have opened a file.
Most of the documents provided to FINRA can be found at: http://www.geckosystems.com/investors/Investor_Information.php
GeckoSystems is a legitimate investment. It is not, nor has it ever been a "shell" or "blank check" company.
http://www.otcmarkets.com/stock/GOSY/news/GeckoSystems-Clarifies-Trading-Symbol-Origin?id=15114&b=y
GeckoSystems is truly dedicated to the development of "Mobile Robot Solutions for Safety, Security and Service™." The company's SafePath™ navigation technology has been integrated with affordable depth camera sensors to create a truly collision proof wheelchair. With proper financing SafePath wheelchair upgrades could be available on the retail market within six months. This upgrade would not be out of line with other rehabilitative wheelchair technology, readily increasing the safety and mobility for tens of thousands of wheelchair users in the US alone.
GeckoSystems wishes to do great good. For example, statistics from a Veteran's Administration study indicate that currently 132,000 disabled persons have difficulty steering and maneuvering their power wheelchair and that nearly half of those denied a power wheelchair because they are unable to control a chair by conventional methods would benefit from an automated navigation system. GeckoSystems believes that a market backlog of between 250,000 and 500,000 exists. http://www.rehab.research.va.gov/jour/00/37/3/fehr.htm
Research and Markets, a respected international marketing analysis company, made this recent statement about GeckoSystems:
"The key market players in service robotics industry are Honda Motors (Japan), iRobot (U.S.), AB Electrolux (Sweden), Sony (Japan), Fujitsu (Japan), Toyota (Japan), GeckoSystems (U.S.), and Yujin Robot (South Korea)."
http://www.researchandmarkets.com/publication/9rvoof/personal_professional_service_robotics_mark
In September of this year ZMP Inc., an established Japanese robotics company that serves the international educational market, announced that they had successfully finished their technical evaluation of GeckoSystems' BaseBot, a demonstration platform for basic AI navigation. "The software of the BaseBot was high quality and had a fully developed configuration interface required to apply this technology to autonomous mobile service robots. GSIC's line includes its flagship model, the 'CareBot' that uses the sophisticated navigation of the BaseBot and a more advanced user interface. Since the CareBot is mainly used for assisted living for the elderly, which is a promising market in Japan, ZMP intends to actively promote these products. The goal of both companies is to develop mobile service robot technologies and products that will enable people around the world to live a more independent, safe, and comfortable life," commented Spencer.
Here is the ZMP's PR in Japanese: http://www.zmp.co.jp/html/press_20120924.htm
Martin Spencer, President/CEO, GeckoSystems -- on the history of GOSY stock:
"We worked for nearly a year in preparing our initial 15c211 submission to, and addressing the comments of, FINRA prior to their issuance of our original trading symbol, GCKO. Our initial and subsequent submissions to FINRA were reviewed and prepared by our attorney at Sichenzia, Ross, Friedman & Ference, LLP. We received our trading symbol, GCKO, from FINRA in September of 2007. In order to enable electronic trading we became DTC eligible in January of 2008. In October, 2010, we changed our symbol to GOSY in an early effort to thwart this ongoing short attack.
"Our transfer agent, Continental Stock Transfer & Trust Company is a first tier firm. We selected them because of their reputation for accurate, professional accounting. We are certain that there are no legitimate holdings or certificates in circulation that would support the volume traded in this stock on the 10th and at other times in our history."
The company hopes that the records of DTC and DRS transactions will assist FINRA in the tracking of the unusual volume the company experienced in on October 10 of this year, in late April and early May of this year when fails to deliver triggered threshold volume, and in December of 2009 when the stock traded five times the available float.
"We have taken all available measures to protect the company and our stockholders, from attaining our trading symbol from a 15c2-11 to becoming DTC eligible and then a DRS Participant. Now, we must rely on the regulatory agencies, FINRA and the SEC. We would also request that stockholders assist us by sending us information about their current holdings and evidence of same, a copy of a statement (account numbers may be blacked out) or GOSY stock certificate, to investors@geckosystems.com. Stockholders with any information or immediate concerns should feel free to contact us at 1-866-227-3268. We hope to verify the location of all outstanding certificates and verify that stockholders are not holding shares that entered the system by fraud.
"It is simply appalling to us that after working over fifteen years to develop technologies that can do great good for many tens of thousands of families, that market trading is adversely influenced by notorious international con artists such as George MacLeod and others --can prevent companies such as ours-- from getting the necessary funding to hire dozens and eventually even hundreds of unemployed engineers, programmers, marketers, and manufacturing employees. The greed of Wall Street, brokers and bankers who 'look the other way', ignoring the parasitic activities of international con artists who exploit loopholes in the system to engage in illicit stock influencing and/or money laundering.
"Unfortunately, it is easier and more profitable for a brokerage to naked short a stock, betting that it will go down and then fulfilling their own prophecy by creating negative publicity on internet social media sites to deliberately manipulate the trading of that stock -- than to invest in a stock betting it will go up. While this practice is illegal, it is widespread and a part of the Wall Street culture. This is the same sort of hedging and financial shell games that led to the 2008 economic crisis. Enforcement of laws against this sort of activity is spotty at best, and we believe enforcement will have to be stepped up in order for the US economy to regain its strength, vigor, and enable small businesses, like GeckoSystems, to hire the unemployed.
"GeckoSystems' present inability to build and sell the robots that have been in development for over a decade is a direct result of this "short attack." Tens of thousands of disabled and thousands of families needing help with family care for children, chronically ill, and the elderly need SafePath™ Wheelchairs and or CareBot personal assistance robot, the only reason they are not available is our past inability to raise capital in a corrupted market that has us under extreme NSS. Now with an ongoing FINRA investigation, we are confident they will honor their charter to protect investors. We have engaged FINRA and contacted the senior management of several domestic and international brokerages due to our long time commitment to our 1300+ stockholders," concluded Spencer.
http://geckosystems.com/investors/press_releases/20121025_GeckoSystems_Supporting_FINRA_investigation.php
The elderly need SafePath™ Wheelchairs and or CareBot personal assistance robot, the only reason they are not available is our past inability to raise capital in a corrupted market that has us under extreme NSS. Now with an ongoing FINRA investigation, we are confident they will honor their charter to protect investors. We have engaged FINRA and contacted the senior management of several domestic and international brokerages due to our long time commitment to our 1300+ stockholders," concluded Spencer.
GeckoSystems Named One of Eight Key Market Players in Service Robotics Industry
CONYERS, Ga., October 11, 2012 -- GeckoSystems Intl. Corp. (Pink Sheets: GOSY | www.geckosystems.com/) announced today that an internationally renowned market research firm, Research and Markets, recently deemed GeckoSystems to be one of eight key market players in the service robotics industry. For fifteen years GeckoSystems has dedicated itself to development of Mobile Robot Solutions for Safety, Security and Service™.
Research and Markets stated in their report, "Personal & Professional Service Robotics Market - Global Forecast & Assessment by Applications & Geography (2012 - 2017," that:
"The key market players in service robotics industry are Honda Motors (Japan), iRobot (U.S.), AB Electrolux (Sweden), Sony (Japan), Fujitsu (Japan), Toyota (Japan), GeckoSystems (U.S.), and Yujin Robot (South Korea)."
http://www.researchandmarkets.com/publication/9rvoof/personal_professional_service_robotics_mark
"We are pleased that the experienced market researchers at Research and Markets are sufficiently astute to accept that small service robot firms, such as GeckoSystems, can nonetheless develop advanced technologies and products as well as much larger, multi-billion dollar corporations such as Honda, iRobot, Sony, Toyota, etc.," reflected Martin Spencer, CEO, GeckoSystems.
In this Research and Markets report, they state:
"The global service robotics market in 2011 was worth $18.39 billion. This market is valued at $20.73 billion in 2012 and expected to reach $46.18 billion by 2017 at an estimated CAGR of 17.4% from 2012 to 2017. The market is driven by factors like ageing population, value enhancement by robots, increasing grants and funds by governments, increasing venture capital investments in service robotics companies, enhancements in complementary technologies and integration of robotics with mobile technologies, other smart products, and appliances."
GeckoSystems projects the available market size in dollars for cost effective, utilitarian, multitasking eldercare personal robots in 2013 to be $74.0B, in 2014 to be $77B, in 2015 to be $80B, in 2016 to be $83.3B, and in 2017 to be $86.6B. With market penetrations of 0.03% in 2013, 0.06% in 2014, 0.22% in 2015, 0.53% in 2016, and 0.81% in 2017, we anticipate CareBot sales, from this consumer market segment, only, of $22.0M, $44.0M, $176M, $440.2M, and $704.3M, respectively. The company is presently securing funding for manufacturing, marketing and final beta testing of their CareBot.
"From our humble beginnings on a kitchen table and a two car garage over fifteen years ago, we have demonstrated publicly for companies such as JC Penney, Honeywell, Dell, Ketchum-Crescent, Ember Industries, Future Electronics, Chubb Insurance, Alexian Brothers, Stryker Corp., Allied Plastics, Samsung, Mitsubishi, Hewlett-Packard, to groups of children in schools and to elderly in their homes and nursing homes. CareBot prototypes have been publicly demonstrated at the Robotics Institute of America (RIA), RoboBusiness trade shows, and numerous local computer shows.
"We believe that critical mass has now been achieved in the service robotics industry. Modern computer and optic technology has brought cost reductions that enable us to introduce advanced Mobile Service Robots to the retail market for use in elder care, security, and of course our SafePath(tm) wheelchair which is in the final stages of pre-production engineering." observed Spencer. "In light of increased government support for robotic health care assistance in the EU, Japan, China, and other countries around the globe, we feel that our market scope estimates are extremely conservative."
About Research and Markets:
Research and Markets is the leading source for international market research and market data. They hold thousands of major research publications from most of the leading publishers, consultants and analysts. They provide their clients with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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GOSY's safepath wheelchairs have some...
neat tech, too!
they prove that gosy's tech can be migrated to platforms not of their design.
big market, especially the retrofit!
jmo-
mech
I guesstimated the basebot cost to be...
$10K, easy. this big marketing investment should also include Hajime Yasumatsu's retainer for his missionary sales work.
I will study the carebot prototypes and see what my guesstimate is there.
probably a lot more!
more compters, voice tracker microphone, ssl stereo amp, more IR, PIR added, sonar added, geckoorient, tactile shroud-
I see very few custom boards. so most are COTS. investors gotta love that!
takes a lot of tech to be capable of cost effective beneficial care for our beloved, but frail, family members.
btw, the carebot does not fall over. the 50-60 lb. battery is between the "ankles" and keeps it "anti-tipover."
really impressed with that independent third party validation of gosy's basebot tech by ZMP late last year-
more to come, I suspect-
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
Georgia State University lists Spencer as Notable Alumni:
http://www.robinson.gsu.edu/alumni/notable.html
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
Yup- GeckoNav has magic growth sauce like MP3...
I agree, Mike-
mo-
Mech
Mike, do you tire of being right?
You bet, makes strategic sense to me! The power wheelchair companies could sure use some software smarts.
In fact, Apple does "personal assistance" systems?
Did I just say mobile service robot?
Wonder how many hardware centric companies GOSY is presently in negotiations with?
More than one, no doubt-
mo-
Mech
Yup, right again-
tech companies get revenues from product sales...
...and/or technology licensing.
I recall reading that Spencer has said on numerous occasions that he expected technology licensing revenues to precede revenues from product sales.
I know that some very large companies in the tech sector never "sell a product," but only license their tech to others.
since gosy can do both, cool!
less risk for the investor with multiple markets with the same tech!
with this independent, third party validation of their safepath technologies by ZMP, I suspect the basebot will be a "show pony" in Japan for interested licensees in Japan, China, South Korea, etc.
no doubt Hajime Yasumatsu is working very hard to have lots of pony shows!
definitely looking forward to hearing about them!
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
ZMP now knows that geckonav is...
...big time breakthrough AI nav software for all mobile robots!
they have seen the 120+ videos and now they have been evaluating a basebot for a couple of months.
don't think the basebot normally includes geckoorient.
geokoorient is really, really cool "sensor fusion" tech
Frost and Sullivan like it:
http://geckosystems.com/investors/third_party.php
orient "sensor fuses" dead reckoning, compass and accelerometer to achieve high accuracy, no accumulated error and low cost.
why? to have a very low cost for the robot to know which direction it is facing. like an internal compass, but more accurate since magnetic compasses "dance" at times due to metal structures, etc.
really, really innovative tech from gosy!
huge markets in family care, professional healthcare and commercial security-
all using basebot tech like ZMP has evaluated!
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?
Here's part of GOSY's motivation and markets:
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