What is GEECF all about? 1000% up and no volume?
It pays of doing basic research on companies before buying stocks. I did, and found a shady company and a stock which can easily be manipulated with even small purchases of a few million stocks.
I have had shares in this company before, but sold out due to several factors, making a small profit.
After 7 years in business with a ‘magic’ waste disposal solution GEECF haven’t even sold one complete unit from production. And if this solution really is so good why have they only signed one contract in China? Europe have a big waste problem, and most countries are paying a lot of $ to get rid of their waste. And pollution from waste disposal is becoming a huge problem. Wouldn’t it be more natural to sign up a few units in Europe or North America is this ‘magic’ process really works? GEECF keeps telling us that they have contracts ‘in the pipeline’ in Europe, believe it if You want.
The case is that they tried to sell this solution in Europe, but in Ireland the boiler cracked (almost killed some of the workers). Due to the high temperatures in this process constructing a working and stable boiler is very expensive.
Besides this the CO2 problems with this process are much greater than the developers though, making a plant in Europe or North-America impossible due to increasing difficulties getting outlet permissions.
So they moved to China after even being kicked out of Russia for not meeting environmental standards in their process. GEECF a few days ago announced that they received approval for Biosphere MK-V process in China. How difficult can that be? In China waste disposal is a matter of pile up the waste and burn it. Approvals can be bought, as in many countries. If it took GEECF several years to get one in China their process can’t be much to brag about.
Now the rumour is that the engineers manufacturing the oven have tried to get rid of the local subsidiary, with no success, and instead are moving to manufacture the system for them selves on the side. How do GEECF envision that they can stop manufacturing this system and protect their intellectual property? Had they been a big US company, the US State Department would have helped stop sales in most countries, but a shady company in a tax haven? No, I don’t think so. Don’t be surprised if You see some Chinese systems called EcoSphere or BioGlobe or something like this in a year’s time.
If You have shares in GEECF start selling down now, the stock will not reach heaven as promised. With the latest increase in price most will make a nice profit. As soon as the volume picks up the people behind GEECF will start selling off their large volume and prices will drop down to zero.
With the risk involved with this share I stopped buying when it passed 7 cents some time ago.
Wayne A.
