Great Tang Bid Technology Inc (GTBT)

[Gixene]

Pennystockplayer, in regards to NT 10-Q. I am surprised Mr. Dugas took this route. If you look in ESPI's past history, Mr. Dugas had chosen this route on November 15th of 2012. The following day Mr. Dugas released the 10-Q. At the time I felt that if it was in ESPI's best interest, then it was necessary. This was following the quarter at which ESPI was involved in the lawsuit. As for today's NT 10-Q, I feel Mr. Dugas chose this route to simply, buy him time. I would very understand, if this occurred towards the end of the financial quarterly ending June, 30th of 2013. Mr. Dugas had plenty of time to prepare. If ESPI repeats their past history, the 10-Q should be released the following day that the NT 10-Q was released, in other wards it could be released August 15th of 2013.

The Form 10-Q quarterly report could not be filed within the prescribed time period due to unanticipated delays in the preparation of the Registrant’s financial reports, including the resignation of the Company’s Chief Financial Officer, Robert Geiges, on May 15, 2013. The delay could not have been avoided without undue hardship or expense to the Registrant.

As for the resignation of CFO Mr. Geiges, I find this is very troubling. We could dig deeper in Mr. Geiges experience (in bold) if you would like to go further on this subject. I'm not comfortable commenting on Mr. Geiges's past experience, though I would trust that he has the necessary skills. In the quoted text below (in bold) I find that he was a financial controller for an OTC company if you will, that I have heard of here at IHUB. I am not familiar however with NLEF's past financial history and do not feel comfortable commenting on that subject, also. I do feel that he was either asked to resign from Mr. Dugas or he felt ESPI was helpless. He was paid very well both in salary ($105,000.00) and shares issued (500,000) at (.09) I believe for a total share price of ($45,000) and total of salary and shares combined of ($150,000).

Thirty-Five (35) years of broad management experience. His experience extends from process and operational enhancements to business operations, finance and economic analysis and organizational development which are key for business growth and survival. Mr. Geiges has both domestic and international operations experience including the establishment and management of facilities in Asia and Europe. In 2010, Mr. Geiges was recruited by Eventus Consulting LP (“Eventus”) to serve as a consultant for the company. Eventus provides capitalization planning, consultation, finance department, organization, implementation and maintenance services to small and medium sized companies, both public and private, that enable clients to grow and to achieve their financial objectives. Before Eventus, Mr. Geiges was the corporate controller at New Leaf Brands, Inc. (formerly Baywood International, Inc.), a publicly traded company (OTC Pink: NLEF). Mr. Geiges is a Certified Public Accountant licensed in Arizona and Pennsylvania and is currently an adjunct facility member at Dunlop-Stone University and Ottawa University. He was a member of the adjunct facility of Cleveland State University lecturing on Accounting and Analysis of Financial Statements. He is a member of the American Institute of Certified Public Accountants and the Arizona Society of Certified Public Accountants. Mr. Geiges received a Master of Business Administration from Cleveland State University and has a Bachelor of Science degree from LaSalle University, with a major in Accounting.

In regards to what the 10-Q will turn out to be, could be anyone's guess. With many events both short term and long term such as Mr. Geige's resignation, Mr. Dugas's plan to aggressively cut operating costs while expanding customer base. ESPI also gained a customer with added revenue of $2 million and other contracts that are worth mentioning of their significance, but I will refrain. Long-term events include ESPI's debt with major concerns of assists bought for service vehicles late last year, new ESPI home office and lawsuit. Those are the facts that we are given. There has been other speculation as to ESPI's current standing with customers and such from others on this site. It's important to remember here on IHUB, that we are here to share our thoughts on a company. That we respect others views and opinions.

Based on ESPI's past and what I personally believe there will be net sales of around $3 million, roughly $750 thousand less than last quarter. I think there will be a loss of operations around $1 million, roughly $150 thousand less than last quarter. Accumulated deficit of around $22 million, up roughly $1 million.

Concluding all of the above, this is solely in my opinion. I'm novice when it comes to understanding financial documents. In all respect my thoughts. I believe it is very unfair for shareholders to have not received any press releases in almost 4 months. Even though I'm no longer a shareholder, I'm still interested in the outcome of ESPI. Although I believe the outcome for this struggling company is grave, I hope every shareholder trusts their due diligence and profits from their investment here with ESPI.

Good luck shareholders and more importantly to ESPI's future, as we anxiously await financial results.

Gulley