The wild moves are the result of Gene Cartwright spreading rumors. Twice he has claimed privately that GTHP is about to sign the deal with China. Here are the facts:
1. They do not have an agreement for China. Moreover, China is NOT willing to pay the $300K Gene has claimed consistently that they will receive. If the agreement is signed it will be a fraction of the $300K Gene continues to claim they will obtain. He has even used the $300K number in press releases. It is more a wish than a reality.
2. They are still trying to get a S1 out. Obviously, the purpose of Gene's lies is to try to get the stock higher. The reality is that the stock is not able to hold to gains since Gene's promises never materialize. Remember Kenya 1 1/2 years ago?
3. Expect some hype about India, but GE is just getting started as far as testing Luviva as far as I know.
4. Aquarius will lead the S1 if they can get more toxic financing. Any rally needs to be sold ahead of the S1. The alternative is BK. Several pre-package BK deals were submitted last few months. It is either BK or a S1. Neither will help the common.
5. Private parties trying to buy GTHP will need $20mm to get GTHP to FDA approval just to meet liabilities and expenses until FDA approval. Translation the common is worthless IMHO.
Personally I think Cartwright is a zero and his behavior is criminal since late 2014 when he has consistently spread information to private parties.
No he just pretends to be a CEO. Be aware that if he is talking to you he is mostly lying. Not sure he qualifies to be a bus boy at a cheap dinner.
This feels like the ordeal about Kenya all over again. Gene just shut up and deliver! Please resign and work as a bus boy somewhere. You need to get a job better suited to your skills.
Gene started the rumor! He claimed they were going to close the China deal this week. Guess what? Gene FAILED again to deliver. This guy is a pathological liar and unfortunately the CEO of GTHP. When the deal failed to materialized people dump. Why does he continue to make these promises or private statements? It is toxic.
Every time Gene's lips are moving he is lying. He is a horrible CEO and a terrible human being. Basically a pathological liar IMHO.
There was a rumor circulating @ because of Gene's big mouth of a potential deal with China this week. The volume today clearly indicates the disgusted of GTHP not completing the deal. Obviously the deal is on hold and is getting delayed once again (this reminds me of all the promises Gene made about Kenya in late 2014). There is no way they are getting $300K for China IMHO. Even if a deal is announced you are either facing a prepackaged BK or a S1 this summer. So if GTHP completes the deal it is a one time event before the S1 and Aquarius kills the stock again. Now if you are trading and hope to dump GTHP on the pop.... well good luck then. More delays and you will see the stock lower before the dreaded Bk or S1 announcement. The common is worthless IMHO. They need another reverse split ;-).
Maybe next week.... More likely sometime June but definitely in 2016 or early 2017. Basically "Any day now" using Gene's words regarding Kenya in late 2014.
Were you expecting another reverse split by today? No china and the stock had plunged 50 percent. No worries.... Gene will make it happen "any day now". Worse case next week.... Well worse case June or later in 2016 but definitely by early 2017.
"Any day now".... Probably before the open? Next week for sure, right? Definitely June? Well sometime in 2016 if not early 2017. This reminds of Kenya circa 2014.
you would but you are wrong..... assuming China is announced before a private investor buys GTHP for about the price of the liabilities ($8mm).
No. You would be lucky if the stock goes to 4-6 cents for a minute in the early AM then it would go down again. They are not going to get more than $300K. It does not move the needle. GTHP's common is basically worthless. People holding preferred stock might get something but the common is worthless IMHO.
Almost 2 years ago I had several conversations with Gene Cartwright. At the time Gene told me and a few others to expect a large order from Kenya "any day now". He made the same comment to several in this board that are long term shareholders..... It took two years to materialize and the "huge" order turned out to be 5/6 machines. Now regarding China.... Gene started talking about China last year. Of course all talk and no action. This is typical from Gene. Lot of talk and promises but no action. He loves to over promise and not deliver. Look at the balance sheet? They need to raise a lot of cash and the stock is at 2 cents after a 100 to 1 reverse split! Hard to believe they can do another financing to keep the doors open.
My take is that they do not go BK but it is sold to a private investor for a song and a dance. Someone with about $20mm can take over the liabilities and take it to FDA approval. Now understand FDA approval is at least 1 1/2 years away. IMHO, the common stock is worthless.
When he took over the stock was @40-45 cents.... It is now at $0.0002 when you account for the reverse split. Yes he has done a great job indeed!
Nope.... but there is a lot of truth on that message from J.a98. I think my dead grandmother will have vastly outperformed Gene's pathetic and amateur tenure at GTHP. Gene is a first time CEO and is extremely ill suited to the position. His complete lack of understanding on financing deals killed GTHP. Even worse he has ALWAYS over promised and under delivered during his tenure. Whispering on investors ears half truths is criminal behavior. So Kenya finally bought 5/6 machines.... Gene promised a HUGE order from Kenya 1 1/2 years ago to several of us as you know too well. Gene "Any Day Now" Cartwright is at best beyond incompetent but in my opinion he is a #$%$.