Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
You're an excellent addition to this board, Huck! Great play by play inside info from the man himself. Definitely something to get excited.
..but not too excited :). Again, the next 10Q will confirm the tale that the CEO tells. Let's all hope that this story ends with a happy ending.
What the Huck!? That's what I call research. Contacted the man himself, huh? I am thoroughly impressed. Should of asked him for a little glimpse into projected revenues for Q2 ;). Great info and thanks for sharing Huckleberry!
They could definitely do a better job at communicating this information out to investors. California was the only state that had a communication sent out to investors about. Florida was reported covertly during the 10q reporting and the CEO eluded to that one in his, "2015 is an opportunity for growth speech". This is why I think that they are mostly banking on the strength of their patent portfolio and swinging for the fences to be acquired. It all doesn't make any sense for a business to run this way. To not provide robust communication to investors but yet not have any executives sell even one of their shares of stock, oh and not have any of their preferred stock issued is baffling. At the very least, this one fascinates me and I will be long (by choice) to see where it all goes. I think it will all be worth it and hope that my hunches are not wrong.
Great information, Huck. Thanks for the correction. The following may explain the income from the last reported 10Q from April and the low amount of apps:
http://www.equities.com/news/latest-blogs/gtx-corp-expands-gps-smartsole-u-s-sales-team
Most of the sales force assembled in February consist of care home operators who may not track their patients/residents via cell phone application.
The retail front for regular consumers wasn’t launched until March and beyond:
http://finance.yahoo.com/news/gtx-corp-expands-sales-channels-130500188.html
http://gpsinsole.com/blog/gps-smartsoles-expanding-u-s-territory-new-rep-florida/
http://gpsinsole.com/blog/gtx-corp-launches-fulfilment-center-ireland-support-smartsole-sales-europe/
and the list goes on…
I can understand this strategy because not everyone will flip the bill of $300 for hardware and $25/month, whereas those who come from the desired care homes (GTXO’s Niche) more than likely will qualify for the full reimbursement from the various states that have approved it. I do like your idea of tracking sales for the individuals who do not fall within the reimbursement criteria and will use your links to project sales to retail consumers who are not reimbursed.
What will ultimately answer our questions will be the next 10Q. We can speculate all we like, but that will answer all of our questions. For those who are cautious, I would wait until the next 10Q before proceeding or purchasing anymore shares.
Hey Huck,
That was only how many people rated (132) it to give it the 3.5 star rating. Look at the following link:
https://play.google.com/store/apps/details?id=com.TDSeries.tracker
Installs of the APP are 10,000-50,000.
So, if we look at the last 10Q where the revenue for last quarter was $144,212 and know that first shipment of Smart soles sold out first quarter of this year with 500 Smart Soles selling:
http://www.gpssmartsole.com/press2.php?id=21
we can see that this $144,212 was probably generated through the sales and monthly recurring billing for the use of the Smart Sole. This was all first quarter fiscal year 2015. The 10Q revenues verifies that there are more than just 132 users.
Hope this helps. That was genius btw to look up app downloads for users.Very genius. We know that the revenue per month can potentially be at least 10,000 X $25/month or $250,000/month.
Temporary Enthusiasm and Questions from a Newer Investor
The difference this time around:
-Buy In by large firms (Atlantic Footcare and Flux Factor Fund)-Buy In occurred at $0.015 pps
-GPS tracking for drone delivery technology is aggressively being taken on by a Large US company. Please read the approved patent filed by GTXO.
-Refund Code for the primary product in at least 2 US States quoted to be at $200 million.
So what's the business point of making this business go on if the stock shares are intended to stay low? How is this stock scamming investors if the CEO has not sold one share? I believe that there was a change of financial strategy by the company that forced early investors to stay long on this one, which would anger me as well. But buyout on this company I believe is the strategy.
If the Amazon drone delivery gets passed, then that will change the whole game (which is why I came aboard to begin with, which I believe is why the two big investors came aboard as well)
Fractoid, hopefully you will recover your losses soon. The way that I see it, the above mentioned has never happened for this stock in the past. You've been with the stock for such a long time, can you think of a moment where all of these same things aligned for GTXO? I appreciate your past post as they were very intelligently put and provide a fair outlook for all new investors who may want to invest in this stock.
It been a pretty passionate board. What I have been seeing is a mix of new folks buying in and folks that have been around. I can see it from both sides. Folks who bought in a little too early and folks who bought in at this juncture in GTXO history. What I see is whether you bought in the past or just recently, the next 10Q will determine where we all will be in the future with this one. Late July to Mid-August and we will all know soon. I believe that no matter when you bought, that it will all pay off. But we will all see soon. In the mean time, make money!
Hey Holter and everyone else, has anyone else on this board contacted GTXO sales since new reps came in February?
I have not. But that is an excellent idea. I did contact GTXO about vendor/distributor information, sales, etc and then the new website launched. Still waiting on the email reply. Mobul and their website seem to be the only retail outlets. Other sales seem to be generated via targeted marketing.
This is an excellent update, Huck!Now we look like a proper company to invest in. Here's to multiple record breaking quarters!
Thanks titloaz. I am in agreement with you, the reimbursement codes will be the game changers.
Looks like game7alcs sold his 1M shares. Gonna miss your enthusiasm. Good luck on your new investment.
Sorry for hogging up the board with my theories and stories everyone.
Loving Reverse Cowgirl in the Afternoon...
Huck, these are really excellent questions to ask, especially with GTXO. The answer is, with this stock I don't know. This one has behaved very different from the other two. That's why it has intrigued me.
Maybe I can use SLTD as an example to answer your questions:
-I acquired my shares of SLTD (2013-2014)when they were swinging between $0.04-$0.06. This was happening for a couple of months. Then after some good news about them generating positive revenue and then news of profit, their stock jumped to $0.07-$0.08. Then more news of them acquiring SUNworks and MD Energy shot shares up to $0.17 (Maxed out @$0.30)when they reversed (1:26).
So, if you got in when they split ($0.017) your entry point would have been $0.017 X 26 or $4.42 pps.
But my entry point was $0.045 X 26 or $1.17 pps.
I have never seen this pps with SLTD since the time I acquired the stock.
In short:
Buy in @ a good entry point early then you can't lose on a reverse split.
Buy too late @ reverse price then you lose out on your cushion. (Current PPS of SLTD have already gone
well below the reverse split price of $4.42)
If it does well in the OTC world and goes above $1-2. Then they won't have to worry about doing a reverse split, right? Or is $1 unrealistic with the amount of outstanding shares?
In the OTC world, a reverse split is used to gain more solid reputation and legitimacy. This in turn, will attract more investors thus driving PPS up. A stock on OTC to from $0.01 to $1 would be a very difficult feat without a reverse (not impossible, but very difficult).
This is what intrigues me about this one, very bullish and aggressive on maintaining a relatively low amount of outstanding shares and shares on the float. Even SLTD had 131M more shares from yearly dilution than GTXO by the time they reversed.
What does it mean?
Either they want to scam all of us by running away with approximately $3.8 M (Float X current share price)
OR
They plan to be acquired.
I have yet to own an OTC stock which has been acquired at a high PPS. I have acquired several that have merged and uplisted, but not yet acquired. I truly believe GTXO will be my first.
Ok, maybe I over simplified it. They must also meet these requirement depending where they will be traded on:
SEC Requirements for NASDAQ/NYSE:
http://www.sec.gov/answers/listing.htm
Volume does have a bit to do with it, but isn't the only requirement.
Nope. I used the same formula for GTXO as I used for the bottom mentioned which I owned before they uplisted to the NASDAQ.
ACT:
http://www.businesswire.com/news/home/20140827006133/en/Advanced-Cell-Technology-Announces-1100-Reverse-Stock#.VX8Y-flViko
SLTD:
http://www.microcapdaily.com/solar3d-inc-otcmktssltdd-moves-on-reverse/19258/
That sounds like a very good strategy, Huckleberry6.
I got your 6, soldier! ;)
Here you go Huckleberry:
Reimbursement articles for California and Florida, respectively:
http://globenewswire.com/news-release/2015/04/07/722105/10127801/en/GPS-SmartSoles-Approved-for-Medi-Cal-Reimbursement.html
http://seekingalpha.com/instablog/592211-john-h-ford/3892136-gtxs-lead-product-just-validated-by-medi-cal
Right before the CEO talked about the 2 reimbursement codes in the most recent 10Q, this happened:
http://globenewswire.com/news-release/2015/05/14/735922/10134463/en/GPS-SmartSoles-R-Expanding-
U-S-Territory-With-New-Rep-in-Florida.html?parent=722105
Where the $225K possibly came from:
http://www.sec.gov/Archives/edgar/data/1375793/000156066413000117/gtxo8k_092513.htm
But more than likely from:
http://www.streetinsider.com/SEC+Filings/Form+SC+13G+GTX+CORP+Filed+by%3A+ATLANTIC+FOOTCARE,+INC./10441662.html
Residual secured convertible debenture transaction. :
http://www.investopedia.com/terms/c/convertibledebenture.asp
Any more information and I’m gonna have to charge you a consultation fee my friend! JK Happy investing!
That's what I call research, Huckleberry. Thanks! That gives me an idea. I'm going to do a bit of research myself. Thanks again for the idea!
Here the Seeking Alpha Articles link:
http://seekingalpha.com/instablog/592211-john-h-ford/3723036-gtx-this-wearable-tech-company-could-deliver-6x-short-term-returns
That's a fair assessment Huckleberry. I would wait if I were you too.
GTXO's Patents Score a Perfect 10 (Million $$$ that is...)
It's their patent portfolio that was estimated to be worth $10 million:
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=5650054-851-77404&type=sect&TabIndex=2&companyid=728474&ppu=%252fdefault.aspx%253fcik%253d1375793
This may not be true. It may be worth much more than that. Read the GTXO patent summary:
http://patents.com/us-8760286.html
Anything that is tracked via GPS using a tracking device with triangulation capabilities, diagnostic relay and can be remotely accessed are all within scope.
Now, look at Amazon's patent application for drone delivery:
http://appft.uspto.gov/netacgi/nph-Parser?Sect1=PTO1&Sect2=HITOFF&d=PG01&p=1&u=%2Fnetahtml%2FPTO%2Fsrchnum.html&r=1&f=G&l=50&s1=%2220150120094%22.PGNR.&OS=DN/20150120094&RS=DN/20150120094
Notice the filing dates and approval dates? Possibly a minor oversight on Amazon's part maybe? GTXO's patent is not even included in the references portion of the Amazon application. I think that GTXO may know this as we just started selling GPS tracking for drone applications. What if these patents were to fall into the hands of one of GTXO's strategic partners...I don't know, Samsung? Could they use a cut of Amazon's sales if the drone delivery passes? I think so, but it's all just a theory.
Personally, I think it was to force investors at a very desperate time to stay the course because there was no revenue coming in. It does spawn a lot of mistrust; as was mentioned by some of the veteran GTXO investors that have gone really long on this one, because it financially straps individuals in on their investment into the company.
But what has changed is again, the two big strategic partners who have made pretty significant investments into this company for a pretty significant piece of the pie. Doing any foolish dilution with those two entities on board may cause their whole operation to shutdown completely. This is not very likely as the last 10Q had illustrated very significant revenue vs what has been experienced in the past.
I believe that when the next 10Q (probably coming out late July/early August) comes out, we will all see a balance sheet that tells a very different story of this company's future. A future that is no longer seen as questionable; but rather, a future that is bright and prosperous that makes investors ask the question, "when is the perfect time to sell because I don't want to miss out on this opportunity?" I am hopeful.
Make$$$,
Rakindjo
Hey Game7alc, off loading your 1.9 million shares @ $0.017 might take a while, huh? Just wait till the next 10Q, maybe you can make a little more and off load faster or maybe change your mind entirely about abandoning ship and stay on the journey with us...just saying.:)
Solution to Pollution is Dilution...
Can't speak for GTXO, but I don't know if it would be in their best interests to pull off any more dilution because of the following:
-With their 2 strategic partners onboard, especially Atlantic Footcare Inc. To sour your relationship with your major manufacturer would be a bad move. Atlantic doesn't manufacture the Smart Sole for charity work. They can drop their shares and stop manufacturing thus, quelling any hopes for GTXO to be bought out or generate any more revenue.
-The CEO has not sold one share as of date. Look for any SEC Form 4 and you don't see any shares being discarded to the open market by Pat. Float to outstanding shares ratio is a relatively consistent number.
-At this critical point, Pat wouldn't de-value the shares that he owns. He only takes in 1/3 of his allocated salary ($60K) and receives the rest in stock. It's all he and other executives have to show for their efforts that they have put into GTXO.
-With revenues up over 500% more dilution would be counter-productive.
Only time and the next 10Q will tell what GTXO's intentions are in regards to dilution. Strategically, it wouldn't make any sense.
Holter posted something (see post #2055)Last Quarter Fiscal Year 2014 on the board:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=109048138
Fractoid, I too have been burned by dilution and it never feels good. Even worse for me because in those days I never knew how to look for the SEC Form 4 to see that most of the executives were dumping before the dilutions happened. Those stocks are now @ $0.001 some of them. I am confident in GTXO because the CEO has retained all of his shares from the very beginning and has not sold one share as of yet. But that can change at any moment when Big $$$ gets involved. We should approach every investment as you have said, with caution. Thank you.
Thanks game7alcs. Good luck on your new investments. They're always exciting to make. Hope we'll see you back again soon!;)
Very flattered, Holter! Thank you!
I am a very new addition to this investment compared to some of the individuals on this board who have thousands of posts under their belts. Please fact check me for the ones who have been on the GTXO bus for a while please. Being new only gives me a snap shot that is so very limited compared to the journey that all of you have gone through with this investment. Hope my posts have helped! :)
Make$$$,
Rakindjo
Not a Problem Holter:
Hello Folks,
I have just been following the board and not really giving my two cents (I thought that maybe on this board that we all kind of just kept silent in anticipation and only spoke when outstanding news came out and surely, I did not want to break this etiquette :)) I couldn't help but notice some posting of people who have gone long on this one and have voiced some justified frustrations with the company's past. At this point, I think that it is all about the timing of the investment. Now, may be the time. Here's why:
1) Significant partnership in a manufacturing counterpart (Atlantic Footcare)that has ties with US Military and other non-civilian sources of income. http://atlanticfootcare.com/aboutus.htm
2) Significant patents that have been written in such a way that prevents other companies wanting to use a tracking device via GPS tracking to conduct business without having to pay royalties to GTXO.
file:///C:/Users/User/Documents/Downloads/US8760286.pdf
I suspect that may be how we landed the Australian vendor because they have a watch that uses GPS tracking and instead of paying a royalty decided to buy the goods and peddle them in exchange.
http://www.trackingcentral.com.au/
3)The most revenue and the least amount of loss ever since 2012:
http://www.bloomberg.com/research/stocks/financials/secfilings.asp?ticker=GTXO
4)2 States where GTXO has been approved for Medical Reinbursement could bring a lot of revenue:
California @ 590,000 people with Alzheimers
Florida @ 500,000 people with Alzheimers
See pg 19 of the following:
https://www.alz.org/facts/downloads/facts_figures_2015.pdf
Capturing just 10% of each state will bring in $32 million alone for just the hardware. Approximately $26 million for the monthly subscription. That's $58 million with just 2 states @ 10% of their populations! That will bring GTXO out of the roughly $17 million debt and well into the green.
5) Biggest Reason. They have already partnered with a HUGE company in the past to set a very stable phone App/GPS infrastructure:
http://money.cnn.com/news/newsfeeds/articles/globenewswire/199562.htm
Why would that company want to buy GTXO? Two reasons:
1) Samsung has so much money, they don't know what to do with it. They have even gone into biotechnology . Something that a lot of people don't know:
http://www.bloomberg.com/news/articles/2014-05-12/samsung-invests-in-drugs-after-outselling-apple-s-iphone
and I imagine, would love to add this medical device to it's portfolio.
2)That company who would love to get a piece of the profit pie of another company that needs to use GPS technology in order to increase their profit margin:
http://www.amazon.com/b?node=8037720011
http://appft.uspto.gov/netacgi/nph-Parser?Sect1=PTO1&Sect2=HITOFF&d=PG01&p=1&u=%2Fnetahtml%2FPTO%2Fsrchnum.html&r=1&f=G&l=50&s1=%2220150120094%22.PGNR.&OS=DN/20150120094&RS=DN/20150120094
Who wouldn't love a piece of that?:
http://www.marketwatch.com/investing/stock/amzn/financials
They have certainly showed that they will lawyer up and go to court to protect what is theirs:
http://www.forbes.com/sites/amitchowdhry/2014/08/06/apple-and-samsung-drop-patent-disputes-against-each-other-outside-of-the-u-s/
Once Amazon discovers that the patent that they need is in the hands of GTXO, it may be on. I see a bidding war to buy out a very well kept secret once GTXO has established it's revenue and reputation through their primary source of income. I have done my research and can go on more, but I think all have gotten the picture a long time ago. All we do is wait and know that the day is coming soon when we will be making $$$.
Make $$$,
Rakindjo
Time Lag from R&D, Share Dilution for Increased Shareholder Numbers and Establishing Infrastructure
See post 2123 of 2141 (Point 1, 2, 3 and 4 BIGGEST REASON.) All of these have happened either late Fiscal Year 2014 or within Q1 in the current fiscal year.
See 2130 of 2141 (Point 4 and 5) 4 has been happening since the beginning (2008) because they began with just 25,000,000 authorized shares when they went public and 5 happened last quarter of Fiscal Year 2014.
Will do! I do hope it works out so I can buy a flying car one day. I will still be watching and waiting...cheers!
Make$$$,
Rakindjo
Welcome Huckleberry! Looks like you saw this gem of a buy at just the right time. I am sure some of the super long buyers here can give you a lot more than I can offer as far as the stock’s long term characteristics, but this is what I gathered:
Bear Necessities
-R&D Costs: Their current plan to spend more in R&D to keep up with changing technology will cost some $$$ and possibly take a bit of time. Not as long as the current Smart Sole took, but probably significantly a lot more $$$. This is what I could gather as far as R&D cost last time they spent money:
http://www.wikinvest.com/stock/GTX_%28GTXO%29/Research_Development
Looks like the hardware for the GPS portion is made in South Korea. If the new model is able to charge without wires attached like the Samsung Edge Smart Phone as the CEO intended, than the GPS tracking portion of the Smart Sole is more than likely manufactured in Korea (probably by Samsung). Otherwise, why would they have a Director level employee in Korea (D.W.Lim, Managing Director of GTX Korea):
http://en.wikipedia.org/wiki/GTX_Corp
-12359 Factor Fund: The investment made by this firm has always been very puzzling to me. Their intention that is:
http://www.streetinsider.com/SEC+Filings/Form+SC+13G+GTX+CORP+Filed+by%3A+112359+Factor+Fund,+LLC/9963762.html
They took on over 12M shares and bailed GTXO out in various situations by giving GTXO $$$. Their history is kind of confusing as it doesn’t really spell out entirely what their intentions are. I could only speculate on their involvement by looking at the Manager of their firm Mary Carroll. She is an attorney who has a profile that specializes in acquisitions, mergers and buyouts:
http://www.akerman.com/bios/bio.asp?id=153
I assume that the relationship is symbiotic at this point because they are not the majority shareholders.
Getting Paid Out during an Acquisition:
More than likely, one of the 2 will happen:
-Acquiring company will replace $$$ owned of GTXO with their own stock
-Acquiring company will pay out $$$ for all outstanding shares at the buyout price
See the following for more information:
http://www.accountingtools.com/acquisition-payment-methods
Again, welcome!
Make $$$,
Rakindjo
As always, thanks for keeping the board up to date on the latest, Holter!
Game7alcs, I can respect a person who will do what they think is best instead of letting someone else do the thinking for you. Hope you'll make it back on time before GTXO takes it to the next level in pps. Best of luck friend.
Sorry for mocking you, rwandrw. Any American who has the guts to fight for our freedom is outstanding in my book. Thank you for your service to our country.
Ashbuk, these are very fair and wise words. Great advice for everyone including myself.
rwandrw, WHAT ARE WE GONNA DO? :-O Now we're over $71 million in the hole....