GC China Turbine Corp. (GCHT)

[GorillaGorilla]

GHCT FUD

What is the technology?

The Sweedish government funded an R&D project into windpower in 1975. The Sweedish goverment gave the developed technologies to a company called "Deltawind AB"[1]. Companies can license from this entity to commercialise the technology.

'The 2-bladed wind turbine was developed by a firm called Deltawind AB (“ Deltawind ”). GC Nordic has a 10 year license with Deltawind, with opportunity for renewal, which allows them to manufacture and distribute these turbines in the Chinese markets.' [2]

Subsequent to the deal "Nordic Wind Power" bought DeltaWind AB and will, I suspect, own it's patents.


Who are Nordic Wind Power?

Nordic Wind Power is a private company which has been financed by, amoungst others, Goldman Sacs [2]. The CEO of Nordic Wind Power originally worked for Vestas a major player in Wind Power [3].


Why the name changes?

The Visa Dorada names and similar were all due to the previous management and nothing to do with the recent mangement - see Who is JOhn L. Lennon. [6]

The GCHT changed the name of the company to "Nordic Turbines" , however, Nordic Wind Powers began to seek damanges against them. Subsequently they changed their name to GC China Turbine Corp." [4]


Why won't the company pay over $1.00 for the shares?

The share price movement has been metoric - when negotiations were done the price would have been in the $1 and change region - it opend at $1.13 on Oct 6th, the day the signed the definative agreement. It's no surprise that the institutions paid around $1, or less, for their shares.


Who is John L. Lennon?

John L. Lennon owns a number of shell companies it is claimed by others that some of these were used to defraud investors - I have not checked this information. What is clear that he is no longer involved since the reverse merger took place.

"Change in Management . As a condition to closing the Exchange Agreement and as more fully described in Item 5.02 below, Mr. John J. Lennon has resigned as the Company’s Chief Executive Officer, Chief Financial Officer, President, Secretary, Treasurer and director on the Closing Date, and Mr. Marcus Laun remains as a director....." [5]


Who is Tomas Lyrner?

Tomas Lyrner is according to GCHT press release [7] to be GCHT future Chief Engineer. Tomas Lyrner has previously worked for Nordic Wind Power according to a document found on ECN website [8]. ECN is the energy research center of the Netherlands [9]. The importance to GCHT is that he was involved with the development of the turbine and will be useful in adapting the design going forward.


Best SEC Introduction to the company?

Background released an 8-K on 6th October 2009 [4]
Offical take over 8-K [6]


Stock issued to founders for cash 45,000,000 for $45,000!

What happend in 2006 during the startup of the company doesn't seem relevant but are all in the June 10-Q filing [5].


Who is there IR Firm?

The information can be found on the website [10]

Boundary Point Investor Relations, Inc.
1-888-838-8478
E-mail: [e-mail]

- I've checked this number and you talk to human who represents GCHT.



Where are the SEC Filings for GC China Turbine Corp?

http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001380528&owner=exclude&count=40


Disclaimer:

I am a private investor in GCHT, which I consider speculative, I have never accepted money from any firm to write about it and that includes GCHT. Instead of attacking individuals I think time would be better spent attacking the evidence for and against the company.


[1] http://www.nordicwindpower.com/technology/technology.html#technology2

[2] http://www.nordicwindpower.com/news/releases/NordicWindpowerfundingrelease.pdf

[3] http://www.nordicwindpower.com/news/releases/NordicCarboneRelease031809.pdf

[4] http://www.sec.gov/Archives/edgar/data/1380528/000114420409051727/v162166_8k.htm

[5] http://www.sec.gov/Archives/edgar/data/1380528/000114420409043579/v157686_10q.htm

[6] http://www.sec.gov/Archives/edgar/data/1380528/000114420409056757/v164649_8k.htm

[7] http://finance.yahoo.com/news/GC-China-Turbine-Corp-Signs-iw-542176813.html?x=0&.v=1

[8] http://www.ecn.nl/docs/library/report/2001/c01059.pdf

[9] http://www.ecn.nl/en/

[10] http://www.gcchinaturbine.com/contact/contact-inquiry.aspx