Savvy Trades and Investments

[researcher59]

GTEC (1.92) - on a positive note, they do show that operating income rose to $10.8M versus $6.0M y/y on 13.6M shares o/s, so operating EPS of $0.79. Shareholder equity is down to $50M from $66M, but that's still $3.67 per share. Non-controlling interest has dropped from $13.7M to $600k. But who knows if these figures have any basis in reality given that this is a China microcap doing almost all its business in China.

It will be interesting to see how low the stock drops today and whether they go through with the spinoff as recently announced. I'll probably hang on to my remaining shares for the short term and await further developments. The Q1 report will be out in just a few weeks. If it's a nice report maybe traders will forgive or forget the huge Q4 receivable write-down and insider shenanigans ??? LOL