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It should be ok with the January effect, as long as no bad news comes.
I think there is tax loss selling here and maybe Subway selling their shares, and maybe those shares that show up under Scottrade research hitting the float. This plus no news = lower price.
I agree, these OTCBB stocks are mostly news driven and once the news drys up.......watch out.
I point out some salient facts from someone looking objectively, as to what is happening to this stock and you retort with foolishness.
Don't let your long position distort what is happening here.
A good MB will discuss pros and cons.
Only MM can short OTCBB stocks.
I will throw the dice with JMBA. Just don't see any reason to buy here.
I was considering picking up a few shares as a lottery ticket but decided not to because of this. Plus convertable debentures, plus more stock to keep going.
I realize that many OTCBB are a ongoing concern. But what I don't like is such a negative in shareholder equity:
NOTE N - GOING CONCERN MATTERS
The accompanying financial statements have been prepared on a going concern
basis, which contemplates the realization of assets and the satisfaction of
liabilities in the normal course of business. As shown in the accompanying
financial statements for the nine months ended September 30, 2007 and 2006, the
Company has incurred operating losses of $769,578 and $746,883, respectively. In
addition, the Company has a deficiency in stockholder's equity of $4,177,332 and
$4,754,341 at September 30, 2007 and December 31, 2006, respectively. These
factors among others may indicate that the Company will be unable to continue as
a going concern for a reasonable period of time.
The balance sheet is a mess:
Total current assets 469,874
Total liabilities 4,800,222 5,274,784
============== ==============
DEFICIENCY IN STOCKHOLDERS' EQUITY
Preferred stock, par value $0.001 per share; 25,000,000
shares authorized; 1,250,000 shares issued and
outstanding as of September 30, 2007 and
December 31, 2006 1,250 1,250
Common stock, par value $0.001 per share; 200,000,000
shares authorized, 141,369,434 and 108,791,489 shares
issued and outstanding as of September 30, 2007 and
December 31, 2006, respectively 141,369 108,792
Additional paid in capital 7,364,627 6,803,867
Treasury stock, at cost (87,647) (87,647)
Accumulated deficit (11,596,931) (11,580,603)
-------------- --------------
Total deficiency in stockholders' equity (4,177,332) (4,754,341)
-------------- --------------
$ 622,890 $ 520,443
============== ==============
Stock looks a little tired. Could drift to .20 because of tax loss selling. It's almost LOST 50% from off it's high.
I don't see too many negative here on GTEC, AT THIS PRICE. I see it as fairly valued.
IF is drops around .20 on tax selling I MAY buy some.
Be very careful on OTCBB stocks, I watched many of them that looked good, fall apart.
Dead money here until next PR.
Looks like it's staying my estimated fair value price of around .27.
I'm up big in HAUP also.
LTUS is starting to get some volume.
It more along the lines, if I would of held my shares, I'd be at a lost. But I got a nice gain by trading.
Like I said, I MAY jump back in with a good PR.
I follow many OTCBB stock and very few of them turn out to be any good, especially longer term.
I might jump in with a good PR.
I know mad because of all the money you lost in this stock.
It's a public board.
I see little interest here. The risk is ENORMOUS. If I would of held my shares....crushed.
I hope for your sakes, but I think you'll get a spike and that's it.
Well, people were saying buy, buy, buy when the price was .03 - .04. Look now. This stock has a history of death financing.
I'm just trying to bring some reality to the overly bullish board. Again 1 million in revenues is almost nothing to Wall street. Good luck, you will need it.
You may get a January spike, but then again the price is so low, most people won't touch this thing.
I was in this stock and if I would of held, I'd be down 80%. Hope this doesn't happen to others.
GTEC will probably be ok once they get off the screwy OTCBB. They will probably RS in order to list on AMEX or NASDAQ.
CEUA is doing now what GTEC will be doing.
I may jump back in depending on the next PR.
I got out with a nice profit. If I was holding now, I'd be at a loss. I don't want to be a China bag holder.
It's fully valued, it COULD have a great future. All depends what the next PR brings.
LTUS looks good.
GTEC will probably do ok LONG TERM, but most penny traders don't have the patiences too hold.
No that was a mistake, that was suppose to be sent to the CLBE board.
GTEC has good revs, but too much stock.
Just don't pay more then .30
I wouldn't touch this with a 100 foot pole, based on price action alone.
no, I've been following the price action, mostly.
I sold long ago, broke about even. The key is: this stock only HAS 1 millions in revenues. This is nothing.
The only way they can survive is to issue more stock or PP.
Don't get me wrong, they could make it, but it would be about the same as you or me winning the lottery.
I have to say: I didn't think the price would get this low a year ago.
Glad I sold at .40. Don't invest in OTCBB stocks, trade them. My HAUP is up a lot.
A lot of novice traders here. That's OK, they will learn.
Don't get left holding the China bag.
Reason why board is so quite, most sold and moved on.
With around 1 million in revenues, this is really developmental company, that's why the price keeps dropping. Only a handful of penny traders are supporting the stock price. There really is nothing here except a hope and a dream.
One million in revenues, SUB PENNY (a real penny stock) with barely enough money to continue. Yeah, it could go 1.00 and I could win the lottery. The risk here of losing most if not all of your money is enormous.
They will RS, they have too, the price is so sad, .003!!!!!!!!
Are you guys going to ride this thing to .001?
Are you guys going to ride this thing to .001?
Management has little choice but to RS.
Can you imagine if somebody serious asked them: What's the price of your stock?......aaaammmmm...three tenth of a penny....sorry, I didn't hear you right!
I agree, give or take a few cents, and it's hard to tell, things are changing so much in the market.
You know, I posted the EXACT email they sent me here. I tried to find it in their site and nothing comes up under GTEC. SO you would have to email them directly. I still have the email, of course.
Some people here think this is old or that I'm spreading false information. It's not. I just think GTEC is fairly valued around .27 until next news comes out.
I know if I was still long GTEC, I'd want to know about what was contained in the email and that's why I posted it here.
From last filing: FOR CHME, NINE MONTHS ENDED SEPTEMBER 30,2007 earning was .30(plus Oct - DEC 2006) fully diluted. Far as I can figure Yahoo PE is accurate at 4.83. How do you come up with 17???
25,000 held by TUTES: (link is at bottom) http://www.nasdaq.com/asp/holdings.asp?mode=&kind=&symbol=CHME&symbol=TALK&symbol=GTEC&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&FormType=Institutional&mkttype=&pathname=&page=holdings&selected=GTEC
This one is going back to 4.00.
I'm going to keep an eye on GTEC. I took some of my proceeds from GTEC and put them in another CHINA stock that looks GREAT....CHME.OB
Yea, but news blows away technicals.
Techs are less reliable on penny stocks. They are more news driven.
I got out with a good profit anyways, pal.
A bunch of people here were so happy here to be buying in the high 30's
I believe you were the one whining on the Yahoo board because your breakeven was .31 or something.
The easy money has already been made here.
You may see a pop from the conferences coming up.
One of the thing I got so upset about is that I didn't sell above .45. I sold with an average of .40. I was thinking this was going to .75 - 1.00
These OTCBB are so TRICKY because there is no institutional support and the MM can so easily manipulate them.
GTEC To Present at ROTH Capital Partners US/China
"Press Release Source: ROTH Capital Partners
ROTH Capital Partners to Hold US/China Conference, 40 Companies Showcased November 29-30 in Phoenix
Thursday November 15, 5:27 pm ET
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--In response to continuously growing institutional investor interest in China-based companies, ROTH Capital Partners will hold its first US/China conference on November 29-30, 2007, at the Royal Palms Resort and Spa in Phoenix.
The two-day conference will feature 40 Chinese companies listed on US Exchanges.
According to Gordon McBean, Director of Research and CFA, ROTH is hosting this Phoenix conference as a Fall addition to the investment bank’s already popular China Tours, which ROTH conducts each Spring in the People’s Republic of China.
“We believe the presenting companies represent a cross section of China’s exciting and rapidly growing economy,” said McBean. “In our opinion, China offers the potential of great rewards for investors at this time.”
The US/China connection continues to grow as both US investors and Chinese companies seek each other out at every available opportunity, noted McBean.
To help clients understand and maneuver through this nascent marketplace, ROTH has established a Representative Office in Shanghai staffed with a team of research analysts and banking professionals. That ‘on the ground’ intelligence is further augmented by ROTH’s US-based research team.
Currently, ROTH maintains research coverage on more than 20 US listed Chinese companies. That number is expected to “grow significantly over the not-too-distant future,” added McBean.
The conference will also feature a special panel session on "Changes to Rule 144 Holding Period and what it means for Investors" scheduled for Thursday morning, November 29th at 7:00 AM. This very timely panel will help investors navigate through some of the regulatory changes affecting corporate finance transactions, including PIPEs and shelf takedowns.
Supporting sponsors of the China Conference include Business Wire, Crone Rozynko, LLP, DLA Piper, Guzov Ofsink, LLC, Loeb & Loeb, LLP and Vintage Filings, Inc.
For registration information to this invitation-only conference, contact your ROTH representative, or the conference desk at 800-678-9147.
For more information on the conference and updated list of company presenters, visit the conference website at: www.roth.com.
Media inquiries and press credentials only: call The Orbach Company, Inc. at 818-904-0500.
About Roth Capital Partners, LLC:
With corporate headquarters in Newport Beach, California and offices in strategic locations in the Western United States and Shanghai, China, Roth Capital Partners, LLC is a full service investment bank serving corporate and institutional clients throughout the world. Offering a wide array of investment banking services including: initial public offerings, follow-ons, PIPEs, private placements, mergers and acquisitions, investment research, and institutional sales and trading, the firm is perhaps best known for finding, funding and fostering the growth of emerging companies. It is a member of the Financial Industry Regulatory Authority (“FINRA”), and the Securities Investor Protection Corporation (SIPC). Visit the Roth Capital Partners website at www.roth.com.
List of Presenting Companies (as of November 15, 2007—subject to change):
American Lorain Corp. (ALRC)
Asia Automotive Acquisition Corp. (AAAC)
Chardan South China Acquisition Corp (CSCA)
China Agritech Inc (CAGC)
China BAK Battery, Inc. (CBAK)
China Biotics, Inc. (CHBT)
China Clean Energy Inc. (CCGY)
China Direct (CDS)
China Display Technologies (LCNIA)
China Education Alliance, Inc. (CEUA)
China Fire and Security Group Inc. (CFSG)
China Gengsheng Minerals, Inc. (CHGS)
China Pharma Holdings (CPHI)
China Public Security Technology, Inc. (CPBY)
China Ritar Power Corp (CRTP)
China Security & Surveillance Tech. Inc. (CSR)
China Solar & Clean Energy Solutions, Inc. (CSOL)
China TransInfo Technology Corp. (CTFO)
China Water and Drinks Inc (CWDK)
Chinacast Education Corporation (CAST)
City Telecom Limited (CTEL)
Far East Energy Corp. (FEEC)
Fushi International Inc. (FSIN)
Genesis Pharmaceutical Enterprises, Inc. (GTEC)
Harbin Electric Inc. (HRBN)
HLS Systems International, Ltd (HLSYF)
Huiheng Medical Inc. (HHGM)
Jaguar Acquisition Corporation (JGAC)
Jingwei International Ltd (JNGW)
New Oriental Energy & Chemical Corp (NOEC)
Origin Agritech Limited (SEED)
ShengdaTech (SDTH)
Shengtai Pharmaceuticals (SGTI)
Sino Gas Intl Holdings (SGAS)
Sinoenergy Corporation (SNEN)
Solar Power, Inc. (SOPW)
Sutor Technology Group (SUOT)
Wonder Auto Tech Inc. (WATG)
Yucheng Technologies (YTEC)
Zhongpin Inc. (ZHNP)
Contact:
Roth Capital Partners
Gordon McBean, CFA
Director of Research
949-720-5700
gmcbean@roth.com
or
Media Inquiries:
The Orbach Co., Inc.
Nevena Orbach
818-904-0500
nevena@orbachco.com"
--------------------------------------------------------------------------------
Source: ROTH Capital Partners
Will HAUP go over 6 again?