Replies to post #289 on Green Envirotech Holdings Corp (GETH)

[littlefunds]

Hello gofish2012, You are very welcome. I have been holding this stock since November of last year. I bought this around .64 cents a share, with the news and projects they were planning I truely thought this was going well above 1.50 over time, this was not bought as a day trade. I again bought some more in the .50 range lucky me just a few days before the crash dive from .50 down to .25 in just one day. Now here we are sitting at .16. After reading the 10K I also got an eye opener. I think they have a great idea. But you can only do it one step at a time. To own the world does NOT come all at once. Instead of going to the moon and being happy they want to go to mars.

[ootb eng]

I am in this very deep too and have been since inception. The business concept and technolgy are sound. The stock price drop as a result of a major sell off are a result of sour grapes IMO. It will just take time to get the price to recover. The technolgy itself is the more valuable component to this company and the Magic Bright aquisition is just a revenue tool. The previous owner is still getting all he had before the sale, but now has a potential to get in on a big upswing. Win-Win for "Tony"

My latest concerns have more to do with the trend this company has taken. The burn rate on capital is following the old familiar path of I-Tech, ECO2, and PolyStyle Ind (all Gary D start ups). The CEO had pledged personal money which has now been reported that 80% was returned. there is little skin in the game for the insiders now.

The Riverbank project has diverted time and money from the WI project just after the funded was pledged.

What we really need is one of the major investment firms to reign in the direction and let Gary develop the operations, not try to run the company and sell to investors, he is spread too thin.