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do you have some tips for me? would much apprectiate because i have had no luck. thanks!!
This really stinks. No bid. No news. I hope everybody who wants to get out is able to!
I'm thinking that the accredited members conference was not a success. Otherwise, this would not have gone to no bid. There would be buzz. Believe me, if GDTK was positioned to secure $100 million financing, there would be buzz!
The company's silence regarding the question of the A/S is deafening! Granted, this does not necessarily mean that the O/S has risen or will rise, but let's be honest, we all know deep down that it does!
I swore off Pinks many years ago. Chanced onto a story about GDTK and saw Bo in an interview and was enticed to dip the toes back in the water and take a shot. This experience has reminded me of why I got out of pinks in the first place. A welcome reminder. Blue chips are the way to go. Lots of great solid companies with excellent growth and dividend yields. Makes much more sense that investing pinks. IMO If you want to play the pink game for thrills, I think that is ok, but don't throw the retirement money at it, keep it small and conservative.
JMHO
GLTA
Cannot sell either. Sell order for my last million shares @.0001 has sat in my scottrade account unfilled for three days now.
it's not easy for me to believe that a person would lie. but, having been burned in penny stocks, as well as in life, i recognize that it is a reality. A person can SEEM nice and honest and be a liar. The fact of the matter is that Bo stated a far different share count in the webinar than was true. It's as simple as that. I was heavily in and am now out, save a last few shares i am still attempting to unload.
GLTA
same here! have a sell order in for 1 million shares @ .0001. Thank goodness I was able to unload my other 24 million last week before this stock flatlined. Now trying to dump this last bit so i'm not a 'stuckholder.'
I had high hopes for this but they faded quickly when Bo was found to be an untruthteller.
GLTA
bottom line,
pennys are specs, and should thus comprise a small portion of our investment portfolios, maximum 5%. But specs are important because they could pay off spectacularly, and they keep investing fun.
The bulk of our stock investments should be in big, solid companies with long long histories of growth and solid dividends ie. General Mills, Pepsi, etc...
There are far too many potential penny plays out there to waste a single penny on a single share of a company that is not honest, and Bo has been found to be dishonest. He's the worst kind of dishonest, because he is sharp and he LOOKS like a nice guy. I much prefer a dishonest guy who also has a dishonest face. Bo's a conman. I believed in him at first, but cannot deny the facts that have been here presented in recent days.
My recommendation is to move your money to another play where management has thus far earned trust.
I have unloaded my many millions of shares purchased at .0001, only holding 1 million that was foolishly purchased at .0002 in case it inexplicably runs.
GLTA
as always, IMHO
yep. no dilution until the shares are outstanding, which i have no doubt that they will be. I just can't get past Bo telling us 20 Billion A/S on the webinar when he knew it was is now 40 Billion. Consequently I sold the bulk of my position.
If GDTK wants to raise its share price and get listed to an exchange, a reverse split is obviously going to have to happen. The reverse split itself does not hurt shareholders, but the inevitable dilution will. Suppose you have 10 million shares at .0001, value of $1000. A 1 for 100 reverse gives you 100,000 shares at .01, value of $1000. No difference. But this scenario is not acceptable to penny investors for two reasons:
1) Inevitable dilution. Past experience has shown us that most penny stocks continue to dilute after a reverse split. So now, your post-r/s 100,000 shares drop from a penny back to .0001, leaving you with 1/100th the value of your original investment.
2) Less opportunity for spectacular gains. Let's face it, most of us get into a stock at .0001 for the potential of an easy 50 or 100 bagger. We want that bad boy to go to a penny, and become overnight millionaires. Also, when a stock is at .0001 there is no fear of it going lower. But following a reverse split, it is much harder to envision the new higher price rising spectacularly, added to the new fear that it could fall spectacularly.
The only hope I see for anyone in GDTK, at this point, is for some crazy sudden spike in price, but I would not hold as a long term investment.
IMHO
thanks for the update. this is not looking good!
for me, the key to the downfall of gdtk stock was not necessarily the huge float, but that Bo lied about the float. He said on the webinar, 15 billion float, 19 bilion authorized, and no dilution. we now know that it is 17 billion float, at least, and 40 billion authorized. if investors have no confidence in their investment, then the stock is finished. i believe that this stock might have rallied, despite the huge float, if Bo had been honest. IMHO
bo and reda need to right the ship in a hurry, or a whole lot of investors are going to jump ship, or mutiny! how many shares do we on this board hold collectively? Enough to vote these guys out and install new leadership?
curious that it took somebody from a message board to alert the company for them to take the most basic step keeping updated. hmmmm
doesn't give me a whole lot of confidence in the company. reminds me of when they told me they were having phone problems. what exactly is a phone problem? I've never had one, have you? Too many little things with GDTK don't smell right. Sold most of my position yesterday, kept a little 'in case'
I recall that in the webinar, Bo was very specific that the share count he was giving us was accurate as of a certain date. I thought at the time, 'hmmm, that's funny, why wouldn't he tell us today's share count? Has it changed since this day he is citing?' And apparently my suspicions were correct.
For What it's worth, I sold 20 million of my position this morning. It sold in one block right at open. Frankly, I was surprised it went that fast. Still keeping 5 in case it runs, but was becoming uncomfortable holding so much when it became apparent that Bo was not entirely truthful on the share count/dilution issue. So who picked up my shares? My guess is it was a MM. I bought at .0001 and sold at .0001. No harm, no foul.
Good luck to us.
you can have some of mine, i have a sell order set for the morning. Not all my shares, mind you, but a good portion. Holding some of my position to profit from any run, but am too heavily in at the moment. Must unload.
potential price per share?? Finally Bo gives us some concrete revenue and earnings estimates. Earnings based on these intitial PPAs is $2.5 million. Investors historically pay up approximately 15 times future earnings for a stock, which means that our current PPS should be significantly higher.
Why no volume? I have a buy order for some 1's not filling, and a sell order to flip a few of my shares at 2. Neither filling! So there are orders out there but no fills, no volume, are the MMs playing with us?
Anybody with info? Please, I'm not asking you to reveal sources, but robron or anyone else with contacts, can you give us an indication whether or not funding was actually secured from the conference? Thanks!
are MMs playing games with us?
what does 'level 2' mean? tia
I agree, where is robron? we need someone, anyone, to give us a little update here. How did the conference go? did we meet our fundraising goal?
is GDTK being naked shorted?
why aren't investors rushing into this today? I thought we might see some movement following Bo's presentation. Maybe PR later?
on the upside, at least we can see that they aren't diluting today lol
any Intel from the conference?
same happened to me, bought QBID at .0001, got impatient and nervous, so sold out, then watched it go to .01+
that will not happen again.
Feeling a little deflated here..
too many little things don't feel right about this. still, pinks are a gamble and i knew that coming in, so hoping for the best. I got frustrated with QBID and sold out before it made its run. won't make that mistake again. Am in this for the duration.
Janco Partners
Can someone please explain to me what Janco's role in this is? I am not well versed in how these startup ventures operate. Thanks in advance...
Here's to hoping that Bo can secure some major financing this week! If he fails, that would be bad for us, but if he succeeds, I can't see how we don't make loads of money on this.
unfortunately, it looks like some more dilution is commencing as I write this. hmmmm...
also, how much is 1.5MW? is there anyone who can explain it for the lay person? thanks in advance..
my buy order for several million @ .0001 is not filling!
Glad to see solid volume in mid-day trading.
i don't believe so, QBID moved from .0001 to .01 with a multi billion share float.
I'm just glad to see the .0001s/.0002s back, was a little concerned after friday.
.0001 to .01 ...historical precedent?
I remember watching QBID make the incredible move from .0001 to .01+, but I am wondering if this was a total anomaly, or is this something that frequently occurs with penny stocks? Are there other examples of this move? Recent? Many? When a stock goes from .0001 to .01, does it typically happen in a matter of days? Weeks? What are our chances of making the dream move to pennyland? Thanks in advance...
on a positive note, 40 Billion shares will not necessarily keep our stock down. I believe that QBID had some 50 Billion shares, and it shot over a penny! However, I am not sure how many share it had at the moment it made its move.
This is my final post today, they limit me to 3 since i'm new. If i get a reply to my email, I will inform the board tomorrow!
Robron, I certainly hope it is untrue!! It can only be untrue if the posted document that I linked is a forgery! This is why I emailed the company for an explanation. I am a shareholder, and a much larger one than is probably prudent. I want this stock to pop!! But news like a doubling of the A/S must be taken seriously, not only for its implications for our share price potential, but also the implications for the honesty and integrity of the company spokesman!
Hoping for great things next week!
I will!
I thought Bo was different than the many sleezy pink sheet CEOs I've seen in my time, but I don't know anymore.
By the way, he's only president, not CEO. Is there a wizard behind the curtain pulling the strings?
A/S raised to 40 Billion!
Found this link at yahoo finance message board:
http://www.sunbiz.org/pdf/83645693.pdf
I have emailed the company to demand and explanation. Bo said 19 billion shares, and he said no dilution. This is totally unacceptable.
I am hoping our share price pops at some point, but am having serious doubts.
ii2, i read the PR the same way. 20 million cds protected translates to 10 million this year. are we going to achieve 145 million this year? it seems extraordinarily unlikely. expect a Mediamax Tech. Corp. 2nd Q filing to show the usual $15-20k revenue. hence, the need to issue more shares. i reiterate that management must bring in outside talent to give this company the kick in the butt that it needs. here's to better days ahead.
-raoul
stehvestor, i don't feel like i caved. i believe in the potential of this company. but i based my decision on the underperformance of this stock over a sustained period of time, and a consistent pattern of unachieved objectives. for the life of me i can't understand why management doesn't bring in top execs from the outside. i could go on and on but i'll spare you all of that. again, good luck to us.
-raoul
unloaded half my shares this morning. there is only so much a man can take. i hope this all works out, but i suspect i'll be able to pick up some more shares in the sub-penny range in the next few months. good luck to all fellow longs.
-raoul
two things will kill this stock IMO
1. the merger does not happen, on time
2. further dilution
barring these two items, the share price should go up in the coming months.
the share price stinks, but the fundamentals are what matters. revenues are growing, and the stock price will follow, though not until post-merger IMHO
bill is speaking. somebody ask him why he pulls a 6-figure income while the share price lingers at 5 cents!
i could not agree more!!!
so far i am hearing nothing new.