.20 support eroding...saw .188, getting lower lows. If GTEC keeps it up, it might become a buy again because you know Pope will make sure it gets back to at least .20 so they can convert their notes. Apparently whoever was rigidly keeping the PPS from going below .20 is realizing it an excercise in futility...not to mention making the chart look completely abnormal, further scaring potential new investors away.
As to whether Wubo cares since he got his millions...of course he doesn't care...that's written all in the terms. The Chinese typically don't see stocks as any kind of ownership in a company, they just see it as money to be printed. You won't see any activist shareholders in Chinese stocks...even in China. Normally that attitude is a bit more hidden than in GTEC's case, but for example look at WX on the NYSE. That company's stock has struggled despite being a great company because the employees and investors on the Chinese side flooded the market with shares they are selling, and the volume hasnt been enough to support. They were completely clueless that their shares were supposed to represent anything of tangible value, lol. free money! And that's with an ADR...how much more the case with an under the radar reverse merger otc shell company. I don't think Chinese stocks make good long term holdings for this reason. Just surf the waves and hope you don't get your shorts pulled off like with this kind of financing. Those of us who have watched enough stocks go through the uplisting process know that uplisting is a long, long way away for GTEC. Anyone still holding shares can only hope for a short term bounce to exit for greener pastures, or hold dead money for a few years. I'm crossing my fingers for the former but I doubt it.
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