Replies to post #58348 on GenTech Holdings Inc (GTEH)

[SmellMyFinger]

It's such a shame. They actually have a few marketable products with this particular business. If they would just focus on production and distribution, they wouldn't have to add $GTEH to that list of failed companies.

[Cl5Pascal2671]

Yes, unfortunately for the employees of Nxtbar, who received those restricted shares, got screwed royally. Definitely by Lovatt but perhaps also by Richard Lindeman, founder of Nxtbar.

Shareholders got screwed too because Nxtbar brought no value in return, and their $$ was given to Lindeman for Nxtbar. Nxtbar didn't do anything as it sat dormant until it got kicked off website after website other than its own. What was the point of that acquistion anyway? (Hypothethical question because it really didn't matter as Lovatt was deep into his share selling scheme by that point anyway.)