GDT Tek Inc. (fka GDTK)

[Double-Down]

That’s correct. The last reverse split this company had was 1:1000 back in 08’. That means you would have received one share for every 1000 you owned and the price of that share would have been 1000 times the previous days close. 1,000,000 shares at a price of .0001 becomes 1,000 shares at a price of .10
In turn, a 20 Billion share O/S becomes 20 Million shares.

This in theory is a good thing as it adds legitimacy to a company looking to draw in investors who would otherwise view a security trading at .0001 as too risky a proposition. The problem in the past with unprofitable pinks is that they then dilute into the new share price in order to line their pockets. This causes the price to plummet and wipes out investors.

Unfortunately it happens all the time and what’s more unfortunate for those here... is that Al Reda has been guilty of it in the past. A few months ago I posted that I thought Reda has stumbled onto something in this waste heat model, that even he couldn’t screw up. I still believe that to be the case and am hoping that Bo Linton, who has had success with helping Magne Gas become profitable, will keep things moving in the right direction.