GDTK didn't go bankrupt--right? Bo scooped up the shares, and then pulled 2/3 of KGET shares out of the pool to prevent dilution. In essence, much of the start up costs basically evaporated. KGET is small potatoes compared to GDTEK. It is essentially the same co., with limited debt. Sure, it is a risky bet, but mgmt. will throw some profits back into R and D to ensure compliance with the stated mission; however, as I see it, the secondary core of the business will be with selling Global Hydrogen's products. The patents and products are already there, all the technology is in place. GH just needed a partner with potentially deep pockets to sell the love. And, if a Texas Sheriff says it improved fuel efficiency of his fleet close to 20%, I see no reason to dispute. His deputies or former deputies would have cried foul otherwise.
You have to ask yourself why GH would partner with KGET if the co. only had $39 in the bank. My guess is that GH knew deep pockets were coming. Do we really think S. Korea came calling just last month? Really. This deal has been in the works for awhile. And, Bo is playing close to the vest b/c he does have some competition. Why on God's green planet would he reveal all his trade secrets? Ergo, Peniel Trade.
It's genius really. Run your business with little debt and reap the profits, all while staying legitimate.
I will either lose my shirt or I will gain a couple Armanis. But, this is better odds than the lottery. Have you seen the demand for wood/organic/RDF pellets versus coal?
I could care less about KGET, I just bought GDTK, a Phoenix rising from the ashes of its debt implosion. If this stock goes up, I will....buy a Kia.
In at 30,000 shares. Anticipate $1.3 by 2017. It will take more men and equipment and time to ramp up production in order to satisfy demand, so I will try to be patient.
I could be wrong. I even might be, but....
