GelStat Corporation (GSAC)

[Potse]

GSAC(.003)...new Chief Executive Officer......

Added more shares to my position in the .0024-.003 price range. Javier Acosta became the new CEO of GSAC back in March 2020, according to his LinkedIn page. This started showing up in my LinkedIn searches only in the last week or two, so Acosta might have updated his account here very recently......

Chief Executive Officer
Gelstat Corporation Full-time
Mar 2020 – Present 4 mos
Miami Metropolitan Area

https://www.linkedin.com/in/javier-acosta-0b2161/

Although it has never been acknowledged/disclosed by any of the parties involved, my guess/hunch for quite awhile now has been that the acquisition of former GSAC CEO Robert Estey's functional chewing gum/lozenge/mints/etc company (Mastix Medica -- now known as Per OS Biosciences) was undone, and Estey took his company private again.

So I've been monitoring GSAC ever since then, looking for any signs of unusual corporate activity. I have no idea what the current status/condition of GSAC is or what kinds of changes/plans the new CEO might have in store for the company/stock, but I figure it might worth taking a position here. It doesn't appear very many investors/traders are aware of the management change, so this might get a bit interesting if the company becomes more active and/or updates its OTC Markets profile.

I'm pretty certain that the "Gelstat Corporation" listed on his LinkedIn page is in fact GSAC. If you look at his most recent employment, he was a Vice President of Operations/Sales/Marketing for Duos Technologies (which uplisted to the Nasdaq earlier this year -- NASDAQ: DUOT). Adrian Goldfarb is the Chief Financial Officer of DUOT, and he also happens to have a very long connection/association with GSAC/Gelstat. From the most recent DUOT annual report.......

Mr. Goldfarb has served as a Director since April 2010. Effective July 1, 2012, he was appointed as President and Chief Financial Officer of Information Systems Associates, Inc., which merged with Duos Technologies, Inc in April 2015 upon which he agreed to continue serving the merged company, Duos Technologies Group, Inc., as Chief Financial Officer and Director. Mr. Goldfarb also currently serves as a non-Executive Chairman of Gelstat Corporation, a public company engaged in the development, manufacturing and marketing of homeopathic and natural supplements. Mr. Goldfarb is a 35-year technology industry veteran including more than 25 years in information technology. Mr. Goldfarb graduated “cum laude” with a business degree specializing in Finance from Rutgers University, Newark, NJ.

https://www.sec.gov/Archives/edgar/data/1396536/000155335020000273/duot_10k.htm