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Where did you see equity getting diluted? On OTC, equity is still 3.319M. Am I missing anything?
I think the reason behind no stock price movement appears to be there is still very heavy selling pressure and no buying support. Even though right now floor appears to be 0.15$, still bid is at 0.13$. Why? Lastly Auctus Fund, LLC, these guys seems naive. Their last tranche will have cost basis of 0.75$ and considering early stage bio-tech investors’ RoI expectations of at least 50X. They should take this stock to 35$-40$ range. However they don’t have that capability. That’s why stock price is not moving at all.
Is this prediction based on something that you know?
Or
Is this prediction based on wild guess (wishful thinking)?
I agree that most longs are desperately waiting for something good to happen to this stock for a long time. But what I think is that unless this non-responsive inept and incompetent CEO is at the top, nothing good will happen to stockholders.
And the announcement is not coming forth. That’s the very reason management and CEO are inept. It’s been almost 8 months since we heard anything from this inept CEO. Try emailing him and he will not reply back.
I may not understand machinations of these trades but 1 thing is true and that if if things are looking good then bid price and size both will increase. That’s not happening.
Now ask started dropping. One more very bad sign. As I said before those who know that this is sinking are getting out fast with whatever they could get.
Bid is dropping and that’s very bad sign. We started day with Bid at 0.12$. Then it dropped to 0.1130$. Then it briefly increased to 0.13$. Then it dropped to 0.1073$. Now it’s at 0.1030$. This is very bad and a strong sign of ship is sinking fast. Big volume trades at bid and just 500 volume trades near ask. Moreover no change in bid or ask sizes. It clearly states that these trades are between MMs and someone is desperately trying to keep price near 0.1750$. While those who know ship is sinking are getting out fast.
Within 2 weeks?! 2 weeks?! Seriously?! Is that one of your many wild guesses or you know something that no one knows?! On this board there are many who claimed before about this 2 weeks but nothing materialised. If I’m not mistaken then there are few longs here those have been waiting for something good to happen right from Spectra RX days. Till date all they got for their wait is disappointment. What makes you think that this time is anything different? While I’m writing this, the price moved up to 0.16$, but this price up has no meaning at all because ask size didn’t change at with this trade. So this trade also tells me that it’s between MMs.
Last year’s highest bid price was 0.16$. This bid price that you say is going up has in fact is going down from 0.16$ to 0.1250$ (as of right now). This trade has no meaning, because this trade is neither at bid price nor at ask so this trade is between MMs. If this trade would have happened at 0.16$ or up then it’s a bullish sign but as of right now this trade is very bad bearish sign. Those who know that heavy dilution is in near future are dumping. This trade confirms it.
Thanks. Happy new year to you too. No hostility here. All I want is this inept management start providing regular and relevant communication to stockholders. If I look at the pattern here then right from Spectra RX days it’s their modus-of-operandi
1) Give rosy picture (outright lies) to investors.
2) Once investors’s funds are received then squander them for personal riches
3) Dilute
4) Do reverse split
5) Repeat cycle
This is frustrating. Not at all expected from Stanford and Kellogg educated CEO. I seriously doubt if he graduated from these great schools because these great schools have a history of creating phenomenal CEOs, not incompetent failed and inept CEOs like Gene. These great schools created CEOs who are responsible towards their stockholders and those CEOs created tremendous value for their stockholders. He destroyed GTHP stockholders’ value. Moreover he is neither doing anything to bring value to stockholders nor giving any relevant updates to stockholders.
So when you called their supposedly working number, did you ask them if they are still in business or not? Did you ask them when will they be updating stockholders? When will they file late 10–Q? Gene emailed me back asking me to call him, but after 1:800 RS, I think time for verbal conversations is long gone. It seems that he is not ready to put anything in writing. I wonder, Why? If I call him then can I record our conversation without giving him prior notification?
Just because phone lines are up doesn’t mean anything. I tried calling that number and no-answer. I have emailed Gene Mark and bunch of others asking about information but no-answer there either. Inept management is not giving any relevant updates to stockholders and that’s frustrating. It tells inept management’s crookedness dishonest intentions and ignorance towards stockholders. Tomorrow’s trading and stock price will tell if that was indeed tax-loss selling or not?
Disagree. Between last 2 days almost 200K stock was dumped. That’s almost 8% of float. Incompetent management doesn’t even hold 0.1% of float. The bid at 0.14 - 0.15 are long gone. Ask came down to 0.1650 from 0.20. That clearly tells that those who know that either bankruptcy is near or massive dilution is coming soon are getting out and they are getting out at any price they can get even at 0.1044.
This is definitely not a tax-loss selling. This seems to be selling from someone who knows that either bankruptcy is near or heavy dilution is coming soon. They are famous for diluting and then squandering funds and then doing reverse split. This management is incompetent failed and inept.
Care to answer my questions?
Great analysis. This is the type of analytical discussion I would like to be part of. I’ll make a deal with you. If you promise to keep giving such analysis then I’ll drop my “F&I” rhetoric from my posts. Few questions
1) Why is Gene in UK right now? Is he really there on business or he is there on pleasure vacation on stockholders’ dime?
2) Since Shandong didn’t do anything in last 2 years to get CFDA approval, can Gene not hold them accountable for their failure and tell them that they will not get their equity shares until they get CFDA approval? At this stage does Gene have any leverage to condition them?
3) Why are they not manufacturing and selling to those countries where they already have approval? What’s hold up there?
4) Is 10Q coming anytime till July 2019’s end?
In England? Making deals? How do you know he’s making deals there? He is there on vacation on stockholders’ dime. When stockholders suffer losses he is enjoying lavish lifestyle. It’s time to fire this incompetent zero-performance CEO.
When stockholders suffer heavy losses he is in UK? Are you kidding me?
I take that bet. If this failed and incompetent CEO publishes 10Q that helps this stock to go to 300K$ ( someone posted about this comparing Berkshire with GTHP...haha) then I’ll stop posting!
I know I didn’t miss it. I was being sarcastic. This failed and incompetent CEO will never put out a 10Q that will help stock price to go up. How hard it is to publish last 10Q having practically nothing in it. Still this failed and incompetent CEO doesn’t do it. This tells you about his performance.
Okay so is there a 10Q now? Did I miss it?
You still don’t get it? Do you? It’s not about filing 10Q. It’s about being a CEO who’s responsible and accountable to stockholders. It’s not about filing 10Q. It’s about when you know that this quarter you are going to be late in filing 10Q then immediately communicating to stockholders that this Q’s 10Q will be late. It’s not about filing the 10Q. It’s about filing 10Q that will help stock price to go up. It’s about doing something in last quarter other than sleeping and being lazy that will worth reporting and filing in 10Q. As someone on this board already said how hard it’s going to be filing 10Q for this company when it’s nothing but copy-and-paste of last 10Q? In last quarter this failed and incompetent CEO slept just like he did for last 2 years. No sales no revenue and by now they don’t have net-income in their dictionary at all. So it seems that filing that 10Q having practically nothing in it appears to be an uncharted territory for him.
There will not be any 10Q ever. This company’s failed and incompetent CEO doesn’t have any significant stake in company and that’s why he doesn’t care about stockholders. His job is to continue to make stockholders believe that this company is doing something when fact of the matter is this company is not doing anything.
Open letter to GTHP’s incompetent careless unresponsive lazy and failed management:
In last 2 years, market skyrocketed by almost 40%, during same time GTHP’s stockholders suffered 99% losses. GTHP is neither manufacturing any devices nor selling any devices to any countries from which you already have an approval. I cannot understand why you are not able to sell to those countries where you are already approved 2 years ago? What have you been doing in last 2 years other than diluting stockholders’ equity? New biotech startups in Silicon Valley / Boston / Austin are getting equity based attractive financing; why can’t GTHP arrange such equity based attractive financing? Absolutely disgusting to see that a good company like GTHP having good products like LuViva is flushed down the drain by an incompetent careless and unresponsive management. Why did you chose to go for toxic convertible debt financing? Just because you don’t have any significant stake in the company doesn’t mean that you don’t have to care about GTHP’s stockholders. In last 2 years you were supposed to be reviewing tight schedule of Shandong’s progress towards getting CFDA approval by July 2019. You completely failed to do your job and that’s why CFDA approval which was supposed to have been gotten in July 2019, now nowhere in sight till end of Q2 of 2020. Meanwhile stock is stagnant and stockholders continue to suffer heavy losses. Do you take any responsibility for stockholders’ losses? Do you have any plan to bring value to stockholders? This is frustrating to see when stockholders suffer heavy losses management is complacent incompetent and unresponsive.
This is a false statement. Shandong is no where near to start required trials. They are no where near to submit trial results to CFDA. CFDA is no where near to review those trial results. China approval will not be at least until end of Q2 2020. Meanwhile failed and incompetent CEO continue to get paid on stockholders’ dime. Stock is stagnant. Stockholders continue to suffer heavy losses.
I thought so. You are a smart investor. You will not own pos like GTHP. Failed and incompetent CEO flushing this company down the drain. Why would any smart investor own this pos? Trying to short this pos but broker doesn’t have any for shorting. Checked 4 different brokers. Well then this is gap may be a startup will come up with a Investment vehicle that will allow smart investors to short penny stock pos like this one.
Seriously?! You own thousands of shares in GTHP?! Are you for real?!
10Q is still not published and it’s late by 6 weeks. This is incompetence laziness and failure of this CEO. No updates no PRs, no sales into those countries where they already have an approval for last 2 years. For last 2 years Shandong slept and this failed and incompetent CEO allowed them to sleep. That’s why CFDA approval that we should have gotten in July 2019 is no where in sight now till Q2 of 2020. What’s this? This is not symptoms of genius CEO. These are symptoms of incompetence laziness carelessness. For GTHP stockholders to get value he needs to be fired without any golden parachute.
Mark my words. Very “soon” your information will change to there is not going to be a 10Q ever. This company’s failed and incompetent CEO doesn’t have any significant stake in company that’s why he will not release any 10Q or 10K ever again. His goal is not to take stock price up. His goal is to continue to fool stockholders in believing that this company is doing something and in meantime continue to earn his living on toxic debt.
Whether I’m qualified for the position or not is not the matter of concern right now. The matter of concern right now is you said yesterday they 10Q will be out today or tomorrow. 10Q is still not out. And today you changed the language stating that 10Q will be out ‘soon’. Vague ambiguous and misleading words like ‘soon’ has no meaning. Back where I come from it’s called as lying.
Ha ha ha ‘soon’. It will be released ‘soon’. Any company that uses vague, deliberately ambiguous, confusing and misleading language can’t be trusted. This company’s failed and incompetent CEO doesn’t hold any significant stake in this company and that’s why this ‘soon’ will never happen ever. Mark my words even if they release 10Q, it’s going to be so worst that stock price will go to 0.0001$. That’s where this pos belong. No manufacturing, no sales, no revenue, no financing. This company’s failed and incompetent CEO needs to be fired without any golden parachute. Replace him with stockholders’ friendly CEO and then this will take off.
We got 10Q right?
Toxic lenders would want stock to go up. Why would they like to take short position in the stock when it’s up? Isn’t that illegal? If they hold debt in company then will they be allowed to take short position in the stock? Also once it goes high why would they want it to come down?
We will soon know whether u r telling truth or not? This company’s failed and incompetent CEO has no significant stake in the company that’s why he doesn’t care about stockholders. There will never be a positive 10Q ever.
Why do you say it’s way too risky to short this pos? If there is going to be always more toxic debt either under conversion or outstanding then there is no way this pos will ever go up. Also there is no possibility of any good news either. Neither they are manufacturing nor they are selling any devices. CFDA approval is also nowhere in sight. So why would this pos will ever go up? This company is running on toxic debt. This company’s failed and incompetent CEO is getting paid on stockholders’ losses. He doesn’t care because his stake in this company is insignificant. This is classic case of short. If someone shorts this pos and stock price goes down, then isn’t that good for toxic debt holders? Lesser the price more stock they get.
No one knows how much of that toxic debt still under conversion and how much of that debt is still outstanding. If failed and incompetent CEO is still getting paid by that debt then this is a classic case for short. Shandong is nowhere near to start trials. Let alone submitting trial results to CFDA and their approval is no where in sight. So at least till Q2 of 2020 there are neither any hopes for any sales nor revenue and let’s not talk about net-income at all. Why this failed and incompetent CEO still on job? This is classic case for short. Really wondering what’s keeping lights on?
Really? Toxic financiers still dumping?! I thought they were all wiped out in 1:800 RS. Isn’t that true? Also is there any hope for any of stockholders? Will stock price ever go up?
No news. No updates. No PRs. No investor communication. Moreover this stock price is being manipulated. There is no reason for bid to go up more than 0.15$ but there is no reason for bid to be at 0.15$ either. It’s because of this failed and incompetent CEO now GTHP has become laughing stock manipulated by market makers. No CFDA approval in sight till at least Q2 of 2020. No financing in sight. No manufacturing no sales no revenue in sight. This is a zombie company now.
Market will soon cross 27K mark. There are new IPOs coming to market every day. Their stockholders are becoming billionaires and millionaires because their management and CEOs are competent successful and high performance. In last 2 years there were almost 50+ biotech IPOs. Most of them are still doing good. Take a look at GTHP. In spite of having approval from 7 countries, this failed and incompetent CEO can neither manufacture nor sell anything. GTHP stockholders suffered heavy losses. When others are making money, why can’t GTHP? The only reason is failed and incompetent CEO. Under his helm there will never be any huge and good news ever. Stock is stuck in a rut because no news no updates no PRs from this failed and incompetent CEO. Looking at last few days’ trading pattern, there is no hope for stockholders. It’s time to fire this failed and incompetent CEO. Bring in fresh new talent and bring value to stockholders.
GTHP stock price at 0.24$ will never ever happen. Today 65K shares were sold at bid price. They are done. It’s the end for GTHP. This failed and incompetent CEO destroyed this company.