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Here is his reply on FB...is he legally bound to tell shareholders that the a/s was raised? (I'm asking a question I have no idea)
TheDirectory.com
31 December 2013
Dear Shareholders,
The recent increase in authorized shares was necessary to facilitate our future growth, but more importantly it was needed for the Company to stay in compliance with our $5 Million credit facility and our other debt obligations. Increasing the authorized shares also removes the need for a reverse stock split in the foreseeable future, which I view as very positive based on the current growth of our Company. We’ll discuss the future capital structure in more detail during our next conference call later in January. I wish everyone a very Happy and Healthy New Year.
Best Regards,
Scott Gallagher
Founder, Chairman and CEO
TheDirectory.com
I hope Bo and Reda are rotting! LOL
Just thought I'd say that! HA HA!!!
You get it! Buy those dips!
otcinvader don't have private messages "fool" LMAO
Sitting back waiting for that price to drop then gonna nom nom nom! ;)
I made some good $$$ a few years ago, every time the price dropped I bought..
I buy when the price dips, I don't chase! ;)
GET READY TO BUY!!! ;D
One day your positive next day negative the next make up your mind!
LOL
Thanks for the heads up, that's a buy signal! LOL ;)
UMMMMMMM HELLO!!! That's what I keep saying! Anyone who owned shares in the 000's would have been a damn jackass not to sell when it hit those highs! I don't begrudge anyone who wants to hold long but geez take some profit lord knows these business owners do!
I agree my friend! That's why I don't begrudge anyone who took profit on this run. I made $5k back when it was EYSM and it tanked. But for anyone to say this is the worst stock ever seems a bit weird. Sounds like they missed out on this run you know? I know I did from the triple zeros. I'm not mad though, just wasn't good timing for me you know?
How is this one of the worse stocks you have ever seen? This stock was in 000s not that long ago it went to .0077 at one point. If you bought in 000s and cashed in at .0077 this should be considered one of the best stocks anyone ever TRADED. LOL
BUY WHEN OTHERS SELL SELL WHEN OTHERS BUY! ;)
Very good call but kind of scared what they will do with the capital structure.
But overall a good call! I made $5000 k on this a few years back when I was ELLYSIUM. Wish I would have paid better attention when it was in the triple 0's a few months ago. Oh well I'm back in and up $2500 so far!
:)
GLTA
"THEY'RE SELLING MORTIMOR!!!" - Trading Places 1983
LOL
Keep driving it down fellas nom nom nom time for me!!! (Well as soon as my funds clear!) ;)
TOLD Y'ALL!!!! My funds clear tomorrow and of course the price goes up! I wanted in @ .003's! DAMN!!! LMAO
Oh well... ;)
Nah it's going back up, you know why? Because I get more money into my trading account tomorrow and whenever I try to buy a dip it ALWAYS goes back up and I end up paying a higher price than anticipated! LOL
Just call me SCHLEPROCK- wowzy wowzy woo! LMAO
I don't begrudge anyone taking profit this stock toiled in the 000's for a long time, I'm sure most of these folks bought while this was in the triple 000's, triple 000's to .0077? That's a good chunk of change for most. Who knows what their financial outlook is. Anyone who bought a million shares should be happy even now ya know? But to each is own. I'm going to do a long play on this, gonna buy more tomorrow.
I did, I transferred $2500 to my Scottrade account to buy on this dip!!!! HAHAHAHAHA!!!!
You sell I buy! BRING IT! ;)
Wow, hey slow that train down so I can get on board tomorrow! LOL
This was the level it went to when I made my huge profit a couple of years ago!
I made some good money off of this back when it was Elyssium (sp) a few years ago. Forgot about this stock and saw it was down in the triple 000's a couple of months back. Wow too bad I missed this run, but it looks like it's going to be running even more. Think I might jump in, I hate to chase though, but hell it's worth the risk to throw a couple of hundred at this and see what happens. Congrats to those who bought in the triple 0's! :)
THEY ARE DROPPING LIKE FLIES!!!!!
It's about time the SEC got out their can of RAID and started killing these scam ass companies! LET THIS BE A LESSON TO POTENTIAL SCAMMERS!!!
Can't wait to see Bob Sh*twell on American Greed! LOL
Ha! Whoever took the financials down will be in trouble! WHAT FINANCIALS??? Zero revenue, zero profit...cash in Bo and Al's pockets from selling their shares, NONE for the share (or should I say BAG) holders!
Will be interesting to see if they are allowed to "trade" again.
Absolutely! This was the first penny stock I ever invested in. Despite doing well with the big named stocks (got in early on Mastercard, VISA and Google), I jumped blindly into the pennies and learned QUICKLY with the first 20k:1 reverse how these scams work. Wow! The most I have made on a penny is $20k, I got out of that one quick too because it TANKED a few days later.
Anyway, yeah I thought when I spent $100 on that .0001 this was going to go to at least a 1.00! Little did I know then any stock that is at .0001 with no bid will more than likely NEVER go near a dollar! LOL SMH...what a shame.
Oh well...
Wow! SMH....
What a cluster-f**k!
Geez, what was she paid to do all of this???
Sooo ol CamelToe Entertainment is finally getting looked at huh?
Good Ol Sh*twell needs to pay for his scamming folks for years.
GDTK REVOKED!!!!
There IS some justice in this world after all!!!!
But Al and Bo probably don't give a damn, they will find another scam to start!
This POS is DONE! Any of you believers in this scam want to buy my worthless 126 shares??? LMAO
And down she goes!!! Welcome to the greys! SMH...
You reap what you sow BO!
So once the "financials" are updated they will be back on the OTC from the greys???
Wed, Jul 03, 2013 12:00 - GDT Tek Inc. (GDTK: Grey Market) - Venue Change - The symbol, GDTK, no longer trades on OTC Link. As of Wed, Jul 03, 2013, GDTK trades on Grey Market. You may find a complete list of venue changes at otcmarkets.com.
Here let me help with the financials:
Revenue: $0
Profit: $0
There you have it.
WELCOME TO THE GRAY MARKET BO!!!!
C'mon over to GDTK for the latest!!!
SMH....
LOL! Yep!!!!
That's probably the reason for the paid advertisements to try to bump the price up so they could cash in to either pay to get the books up to date or say screw it and run! LOL
It's only a matter of time this company goes under.
"It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of GDT Tek,Inc.because it has not filed any periodic reports since the period ended June30, 2010."
Yeah there has been a lack of any money being made at this company as a result of NO REAL CONTRACTS BEING SIGNED OR IMPLEMENTED!!!!!
So yeah it's kind of hard to report anything when NOTHING is happening! If this doesn't convince folks this is a bulls**t company I don't know what will!
I see that paid awareness campaign is paying off!
SMH....
Goodness!
All I will say is I will keep my eyes peeled for them being profiled on American Greed!
LOL
This isn't bashing this is the truth! Open your minds people!
Have you all even read the "Compensated Awareness Post" Disclaimer"??????? OMG!!!!! Tally them up! $75k????? Where did that money come from with all the debt they have??
And people DARE to question why we have such a negative outlook on this company??? Deuces to you all! I'll be back in a couple of months to see how you all are doing! LOL SMH
GDT Tek (OTCPINK: GDTK)
This week’s featured pump and dump penny stock is GDTK. According to our sources, at least 15 different promoters have pumped the shares through 108 newsletters. And more than $75,000 has been paid so far in May to hype the stock.
But this most recent campaign hasn’t worked out too well…
After hitting a high of $0.061 per share on May 16th, GDTK has been dropping like a stone. The stock is currently down more than 26% from that recent high to $0.045. And the shares have traded as low as $0.04 earlier this week.
GDTK insiders and promoters were probably hoping for a repeat of the previous pump done in the fall of 2012. Back then, the stock soared from $0.018 to a high of 21 cents a share.
It was a mind-boggling 1,066% gain in less than two weeks’ time.
Of course, many unsuspecting investors lost their shirts when the dumping began. The stock ultimately plunged to a low of $0.011 in early January. That’s a free fall of 95% in just two months.
So, what’s the story on GDTK?
It’s hard to get any current information on GDT Tek as the company hasn’t filed a quarterly or annual report since July 2011. However, to be fair, a recent press release from the company claims it will be completely current with all financial filings before September 2013.
We’re not holding our breath…
According to the annual report for fiscal year 2010 (filed in July 2011), the company has gone through several name changes. It has also engaged in various businesses from food product manufacturing to something internet-related to wireless equipment installations and service.
Currently, the company’s trying to get power plants and landfills to adopt its waste heat to electric power generation technology. And GDT Tek recently announced plans to acquire a company “that turns landfill gas into electricity”.
More on that in a moment…
Now it’s not hard to understand why the company stopped filing its financial statements. The FY2010 annual report shows GDT Tek was on life support…
The company had assets of just over $1 million, liabilities of $14.1 million, and negative shareholder equity of $13.1 million. What’s more, the reported accumulated deficit was a whopping $34.5 million!
And the company’s financial performance in FY 2010 was just as dismal.
It failed to generate even one penny of revenue during the year. Plus, it reported a loss of $5.9 million.
So, how is this financially strapped and heavily indebted company planning to acquire another company? You guessed it… they’re going into more debt. The company plans to do a $20 million bond offering to fund the acquisition.
But don’t worry…
These captains of industry promise that the bond offering and the debt service on it will “easily be supported from the current net cash flow being generated” by the target company. That’s a bold statement given management’s track record. But there’s no way to confirm its accuracy without seeing the financials on the company being acquired.
While it remains to be seen if GDT Tek will make good on its many promises, we’re not very confident in management’s ability to run a company. As such, we suggest you steer clear of these shares.
Remember, there’s a reason why any company has to resort to paid promotions to get investors to buy its stock.
Yeah so in the meantime lets see if we can sell 39 billion shares while getting these PROJECTS going then when enough suckers buy into it, let's reverse split it by 10k and f**k these hard working folks out of their money. Oh and let's in the meantime have the owner get arrested for mail/wire fraud as well!
BTW- what ever happened with that???
You have been on this daggone board long enough to know that the issue with this company is! SHEESH!
I have a life but I also want to see justice done, in either of two ways:
#1- the SEC shuts this down because of their continued lying about having projects and six months later NOTHING! Except seeing Bo in a movie! How much more proof do you need that this Al Reda run (and owned) company is a sham???
#2- ORRRRRRR lets go on the opposite end and just say they have had bad luck getting these "projects" off the ground...I would like to see (if they are truly legit) some projects and revenue coming in, thus raising the stock price. I'm not holding my breath on this one!
Not really holding my breath on the other either. Enough money has not been stolen to warrant an investigation I assume! LOL
I only spent just under $300 to initially get into this back in 09 when it was @ .0001. Even though I have money I had never understood these penny/pinks so I blindly threw about $1,000 into 4 of these pinks. Lawd have mercy talk about an education quick! One reverse split after another! LOL All four r/s'd! One has r/s'd 5 out of the last five years! 4 of them 20,000/1!
But what gets my gord with this one is the fact that Bo has come on time after time saying this is going to happen, that is going to happen! HOW MANY TIMES DO WE HAVE TO HEAR THIS??? There is only two conclusions (1) They just have bad luck getting projects off of the ground (2) they are lying!
C'mon man! Wake up! Be honest with yourself, be honest with this...
I'm getting off of my soapbox cause I'm sure I won't change most minds...well I'm sure I won't change the PAID AWARENESS' minds! ha ha!
See I have lost track!!!! LOL
Just insane!!!