GeckoSystems Intl. Corp. (GOSY)

[robotgeek]

No one disputes the Spencers have control. What they don't have a right to do with a public company is waste corporate assets. It diminishes everyone's share value. Treasury stock is an asset. When you pay someone with stock or money, you need to receive fair value. If GOSY paid $100,000 for a box of pencils, Shs would be upset. But here, GOSY paid 90 million shares for six months of work. What did Mrs. Spencer do to provide fair value for 90 million shares (about 15% of the entire company)? If what she did was only worth 10 million shares, GOSY would then have 80 million to raise capital with.