Replies to post #35504 on GeckoSystems Intl. Corp. (GOSY)

[WhisperingBomb]

Speaking of dumb,... ..., dumber and dumbest, let's not forget.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=76751508

No URL's supporting those claims?

Why not?

GOSY has spent millions...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=76669417

The number is $8,144,625 to develop these technologies:
--GeckoNav™
--GeckoChat™
--GeckoSuper™
--GeckoScheduler™
--GeckoImager™
--CompoundedSensorArray™
--GeckoMotorController™
--GeckoOrient™
--GeckoTactileShroud™

Thus enabling the CareBot™, SafePath™ wheelchairs, BaseBot™, etc.

Further:

Common stock issued for:  
  Cash            1,283,669  
  Compensation   (6,040,413)

Algebra clearly indicates average cash infusions into GOSY per year for the last 15 years to be: $85,577.

That is simply amazing how the Spencers have taken only $86,000 per year for ALL cash expenses, including payments to them and developed all the proprietary IP that has huge markets before it.
http://www.otcmarkets.com/financialReportViewer?symbol=GOSY&id=71413

...over the last few years.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=76669417

GeckoSystems was founded in June of 1997. That would be fifteen (15), not just a "few years," imho.

Where has it gone?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=76669417

Expenses
General and administrative 3,376,585
Research and development 4,518,947
Sales and marketing 177,869
Depreciation 93,551
Total Expenses 8,166,953
http://www.otcmarkets.com/financialReportViewer?symbol=GOSY&id=71413

Algebra indicates these average expenditures in G&A and R&D:

  G&A Average: $225.106 per year  
  R&D Average: $301,263 per year 

How much has GOSY spent on frivolous lawsuits and lost appeals?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=76669417

It is well known that Wallace and MacLeod want to steal GOSY and wipe out all present shareholders. Spencer is to be applauded for honoring his fiduciary responsibilities to the 1300+ stockholders. So how much in frivolous lawsuits? ZERO.

So with no money,
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=76669417

I do not see that anywhere at any time in any of their financial disclosures.

Please provide URL's to support those speculative claims.
http://www.otcmarkets.com/financialReportViewer?symbol=GOSY&id=71413

...a million dollars in net liabilities...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=76669417

The number is less than a million dollars. It is $965,289.

Due to debt conversions at a premium to market, net liabilities were approximately $1.4M a year ago.

One might reasonably expect additional debt conversions at a premium to market and the Accrued Liabilities be reduced, yet again.

http://www.otcmarkets.com/financialReportViewer?symbol=GOSY&id=71413

The Spencers prudently retain majority control of GOSY since they have personally guaranteed all of GOSY's debt with all their personal properties and assets. Those guarantees of GOSY's debt far, far exceed the Spencers' net worth. Hence the reality of the need for them to have 51+% of GOSY due their securitizing GOSY debt with their net worth.

...and their only robotics employee gone,
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=76669417

Are there not two (2) employees here in these public venue videos?
http://www.geckosystems.com/markets/wheelchair.php

BTW, what is a "robotic" employee? Is that an employee that acts like a robot? Wow, I think those folks can be found in many not robotic companies.

I believe the correct term is "roboticist" or plural, "roboticists." Robotics companies hire "EE Roboticists," "ME Roboticists," "ME Roboticists," etc. I do not believe anyone employs "robotic people."

...is GOSY pretty much toast?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=76669417

Only if one does not understand any of the following:

GeckoSystems has a plethora of "mobile robot solutions for safety, security, and service(tm)" appropriate for consumer, professional healthcare, commercial security, and defense markets.

If one does not understand the world class difficulty of inventing the tech, the size of the markets and the competetence of the management, of course those parties would consider GOSY to be toast.

Of course their agenda could really be to enable MacLeod to cover his MASSIVE NAKED SHORTING of GOSY stock....

Do you think we'll get a PR announcing that from roger?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=76669417

If that were true, I have no doubt that Spencer would do so. But since it is not true, I do not expect him to.

Who is "roger," BTW? Do you mean R. (Roger) Martin Spencer, the CEO and founder of GOSY? Why would anyone call him "roger" or "R. Marty" or "spencer" unless they wanted to communicate their perception of Spencer?

The following two transactions took place during the last reporting period for the Company:
• R. Martin Spencer sold 100 million (100,000,000) of his Rule 144 shares back to
the Company at par value ($0.001) for a promissory note for $100,000 plus
interest;
• Elaine G. Spencer sold 85 million (85,000,000) of her Rule 144 shares
back to the Company at par value ($0.001) for a promissory note for
$85,000 plus interest.
The following transactions took place during the current reporting period for the
Company:
• R. Martin Spencer converted the $100,000 promissory note for
10,000,000 shares at $.01 per share. The interest due to date was forgiven.
• Elaine G. Spencer converted the $85,000 promissory note for 8,500,000
shares at $.01 per share. The interest due to date was forgiven.

Page 13 of http://www.otcmarkets.com/financialReportViewer?symbol=GOSY&id=71413

In other words, the Spencers gave GOSY 150,000,000 shares and took back only 15,000,000 due to their commitment to their 1300+ shareholders. Why would they do that if their commitment to GOSY was all about the accumulation of wealth?

$4.5 million in R&D and yet inventory of parts less than $100k,
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=76669417

An incomplete characterization.

Other (See Note 1) $222,591 Per Note 1, that includes prototype robots and SafePath wheelchairs in inventory as assets.
http://www.otcmarkets.com/financialReportViewer?symbol=GOSY&id=71413

...employees (other than roger and elaine) unpaid,
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=76669417

Sheer speculation. All GOSY employees are under NDA. Hence no basis whatsoever possible for this speculation.

...or paid in small amounts of stock...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=76669417

Sheer speculation. All GOSY employees are under NDA. Hence no basis whatsoever possible for this speculation.

...and $1 million net liabilities suggest to me that much of that money went to roger.
http://www.investorshub.advfn.com/boards/read_msg.aspx?message_id=76680739

Sheer speculation. Where are the URL's substantiating that claim?

Note lowercase "roger" usage.

And of course most, if not all of the G&A funds met the same fate.
http://www.investorshub.advfn.com/boards/read_msg.aspx?message_id=76680739

Sheer speculation. Where are the URL's substantiating that claim?

...roger's refusal to provide any information on how the money was spent confirm the likelihood that he is the primary beneficiary of that $8 million.
http://www.investorshub.advfn.com/boards/read_msg.aspx?message_id=76680739

Note lowercase "roger" usage. Recall from earlier facts presented here that this foregoing claim can have no basis in fact.

And yet he pleads poverty when it comes to paying his debts.
http://www.investorshub.advfn.com/boards/read_msg.aspx?message_id=76680739

Especially when those DEFAULT judgments incurred due to corruption of due legal process as has been substantiated many hundreds of times regarding the notorious Neil Tyrone Wallace.

Shame, shame roger.
http://www.investorshub.advfn.com/boards/read_msg.aspx?message_id=76680739

Note the consistent lowercase misnomer for GOSY's CEO.

GOSY is Undervalued.

Here's one reason why:

Compliance with Federal Accounting Standards Board's (FASB, http://www.fasb.org/ ) Generally Accepted Accounting Principles (GAAP) distorts the true economic condition and performance of the company.

This is due to the requirement to write off 100% of all R&D expenditures in the year incurred.

Hence a complete writeoff of all R&D expenditures, regardless of present and/or future value to ZERO.

This required compliance with GAAP forces Development Stage (pre-revenue) companies, like GOSY, to place no assets on their Balance Sheet for their proprietary Intellectual Properties (IP) regardless of the level of probability of future net profits from those R&D activities.

JMO-
WhisperingBomb

[elevenzeez]

....and wasn't it said the Spencers pay themselves $85k a year to keep the PR machine running?

Wow!