Interesting post by Paula relating to Penson on the GOSY board:
GOSY - Short Squeeze Imminent?
Rumor has it that Penson Financial (PNSN) found a little "oops" at the end of November. GOSY's CUSIP was attached to a non-existant ticker "GOBY". Theoretically, if this was true, clearing of the stock would be affected and this would explain the extremely illiquid nature of the stock recently. Food for thought, isn't it?
I've been following and doing DD for a couple months on this stock. It is illiquid at this time, so I'm treating it as a buy and hold but do your own DD. I believe there is a major Short Squeeze in the works.
Here is some of the DD - lots of videos, the product is real. There may be some minor dilution upcoming for the Beta trial of the CareBot but no Toxic financing is involved. If you go through these links and the links enclosed in them you'll have a pretty complete picture of the DD.
Unreasonable NSS position exists as CEO has changed tickers twice to dump NSS and "certain parties" are pissed. See NSS discussion and additional links below.
The GOSY IHUB board is a mess because three "tools" have been making over half of the posts for at least six months. There is a lawsuit against the company by one of the "tools", all in order to hold the company back. I think the NSS is behind all of this.
It's not going to work.
Stock is now being capped at breakout pont - .008-.01 is it's tradidional range in the last couple of years. It was manipulated down this summer after a Dec 2010 volume spurt associated with mild dilution because the company needed to raise money for operations. The stock did not go down until AFTER the company sold it's stock so I believe the shorts are underwater big time and news will cause a breakout. A break of .01 seals their doom. Keep reading for documentation of this.
CEO has been working on an eldercare assistance robot for over 14 years. Technology is pretty much done except for Beta of the "CareBot". This will be 100% GeckoSystems product, huge market.
www.geckosystems.com/markets/consumer_familycare.php
There last two PR's have been about a JV to manufacture "collision proof" wheelchairs using the navigation system of the CareBot. They have signed NDA and MOU are hammering out the details of the JV with a Chinese company.
Videos in the PR. For those of you who do or do not know about robotics, the navigational tech shown has not been duplicated by any other firm. The JV will create a near term source of income that will finance final development and roll out of the CareBot in part, quite possibly in full which would eliminate the need for further dilution.
This PR gives a sumary of what is going on with the wheelchair tech:
www.geckosystems.com/investors/press_releases/20111108_Wheelchair%20Demo.php
This PR announces JV talks with a China Wheelchair manufacturer and explains the size of the China market and why IMO, the government is pushing for this JV:
www.geckosystems.com/investors/press_releases/20111110_Wheelchair%20JV.php
You can ask DD questions here without being bothered:
investorshub.advfn.com/boards/board.aspx?board_id=20104
The board below is a good place for Tech questions. I'm working on an analysis of competitive products there but haven't gotten far. I haven't found any other company with a personal assistance Robot that is as close to market as GeckoSystems' CareBot. All they need is $250 for Beta tests and about the same for final testing and initial production and they'll be on the market. Manufacturers have been located and can start in a matter of weeks once Beta is done. CareBot production is pretty much equivalent to building a PC. It's no big deal.
investorshub.advfn.com/boards/board.aspx?board_id=20104
A "Short" Story:
I believe there are shorts holding air shares that will be in big trouble when GeckoSystems' balance sheet starts to firm up and the company moves forward on its business plan due to income from joint ventures in the next year. They are holding shares that they can't possibly cover. Why do I say this? Here's the DD that convinced me:
investorshub.advfn.com/boards/read_msg.aspx?message_id=68533630
I am very enthusiastic about this company, both for its technology and its business plan, a plan that has a dual purpose:
- It wants to help the disabled and the elderly.
- It wants its stockholders to get a fair return.
from a Dec 2010 post:
Share Structure
Authorized 250,000,000
Oustanding 246,520,675
Float 53,522,405 -- Float is 22% of outstanding.
Market Value $4,374,405 a/o Dec 27, 2010
Shares Outstanding 546,800,675 a/o Jun 30, 2010 -- 24% of outstanding
Float 108,772,405 a/o Jun 30, 2010
Authorized Shares 600,000,000 a/o Jun 30, 2010
I'm going to estimate that five million shares were sold between October 28 and December 21 and another 10 million between December 23 and December 31 based on volume sold. I will assume that five million went to employee compensation. This is just a ballpark but I think it's reasonable.
If you assume an average price of .008 (based on the resistance level on the candles) that's $120,000 the company raised for operations in the next year. A reasonable amount IMO.
A/S: 825,000,000 a/o Dec. 31st 2010
O/S: 537,050,695 a/o Dec. 31st, 2010
Float: 128,864,235 a/o Dec. 31st, 2010 -- 24% of outstanding
Market Value: $4,374,405 a/o Dec 27, 2010
Share Structure
Market Value1 $2,330,803 a/o Sep 13, 2011
Shares Outstanding 466,160,675 a/o Jun 30, 2011
Float 128,864,235 a/o Jun 30, 2011 - 28% of outstanding.
Authorized Shares 825,000,000 a/o Jun 30, 2011
Par Value 0.001
What IS NOT reasonable is what happened in the next two weeks. Another 9 million shares traded. Where did those shares come from?
They didn't come from the company. There was no significant change in the float in June of 2011 and the outstanding had gone down due to a share buyback.
I can only think of one source for that volume - NSS.
On March 21 support at .008 (showing on the candles below) was broken. See the above DD post for a further discussion of how the stock traded during this period of time.
If you look at the DD post above you will see my reasons to believe that very few actual shares were sold besides what the company sold. Investors were not getting shaken out on bear raids.
The new ticker starts trading - 5 million shares sold Volume is more than double what I think the company sold Some of the volume is surely wash tradiing, but I'm going to estimate that 4 million shares were sold short. 10/29/10 0.0105 0.0110 0.0105 0.0107 12500369 Volume spike, company sold 10 mil shares 12/23/10 0.0080 0.0085 0.0020 0.0075 12835300 The share count was the same in June 2011 so we know no shares were sold between January and June. From 1/3 to 3/28 when the .008 support was broken 21 million shares were traded. Again, this is twice what I think the company sold. I'm going to assume half were sold short and half were wash traded, so 10 million NSS assumed. 01/03/11 0.0100 0.0100 0.0080 0.0086 21018300 From 3/29 to 10/17 when the volume picked up again almost 40 million shares changed hands. Hmm, twice the last number. I think I see a pattern here..... Again I'll assume half were sold short and half were wash traded. 20 million NSS assumed. Note that during this period the stock bottomed and 03/29/11 0.0075 0.0075 0.0075 0.0075 39505900 In the late summer and early fall the company was pretty quiet. Deals were cooking but not much new tech was developed (Kinects was adapted, however) but negotiations were active. From 10/18 to 11/16 7.8 million shares changed hands. A/D takes a big swing up here, I think shorts are trying to hold the price down to cover but there is also some buying coming in and that's why the price went up. I don't think they could have covered more that 4 million shares and I think they took a loss on those because the price went up so quickly. 10/18/11 0.0048 0.0060 0.0048 0.0060 7834700
So my estimate is that there is a MINIMUM of 34 million shares NSS on this stock. With 128 million float in the hands of stockholders who didn't sell when they ran the stops to break support. They can't cover without driving the stock over .01 IMO.
THEY ARE SCREWED
All the investors have to do is keep doin' what they're doin' (holding) and all Spencer and Yasumatsu have to do is keep doin' what they're doin' (making deals) and the dam will break.
This stock should launch on short covering, and they will have to cover. Spencer was smart enough to get out of the first two traps. Dividends were mentioned as one of the options before the ticker change took place. My hunch is at some point a deal is going to generate some hard cash and a dividend will be distributed. Not a big one, but enough to add to the shorts' pain and force them to cover.
Disclaimer - all of the above is my interpretation of the charts and the numbers. It is not based on any information provided by the company.
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