Replies to post #50726 on GeckoSystems Intl. Corp. (GOSY)

[caravan]

The $8M resulted in all of GOSY's tech. Look here, for example: http://geckosystems.com/investors/tech_faq.php

For a more detailed look at how the $8M was spent, check out these links:

http://www.geckosystems.com/high_level/

http://www.geckosystems.com/low_level/

[Toxic Avenger]

"And why would the Spencers convert back to common after having converted their common to preferred? What would be their motivation? I see no common sense reason-"

Talk about "common sense". Why did they convert it in the first place? Simple explanation really.
First they had the company buy back their shares.
Then they reissued them as preferred to hide the fact that they were diluting their sold back shares.
Plus now they have first claim on any value if the company liquidates.

Of course when rog first issued the preferred, he even tried to hide the ridiculous conversion ratio of 1 preferred share = 70k plus common shares. Then I pointed out that he couldn't do it and he fessed up in an amended filing.

He really thinks he's smarter than investors, but all he is is sleazier. Hence the "Shame, shame roger".