Great Tang Bid Technology Inc (fka GTBT)

[UHCougar]

Hahah... thanks but, I'm pretty sure this will go lower. Amazing to think that a company expected to gross >$30 million this year has a market cap under $6 mill. I'll keep adding on the way down.

My guess behind the reason for this decline: If you read over the 10-k, you'll see the company has issued an ass load of shares to purchase their capital equipment and to cover expenses. These are likely issued at a small discount and can be vested immediately by the supplier/vendor. So they're likely dumping their shares on the open market to cash out. If they're being issued shares at a small discount to current PPS, they can vest immediately at a small gain.

At the end of the day, the company needs to start financing operations with positive cashflow to avoid issuing shares. Sounds like a "duh" comment for you and I but apparently management doesn't get the concept.