They need to issue their Q4 results and get the K10 out. I expect the conference call to be scheduled this month (they have until March 31st I believe). Once the K10 is out they will rush out the S1 to complete another round of toxic financing with huge dilution. If they truly care about shareholders they would have sold this pig long time ago. Selling the company seems more logical that continue with all these horrible financings that are killing the common.
Some fluff PR before earnings. GTHP has to report earnings this month for Q4. I expect a PR soon announcing the date. Once they announce earnings they will file the 10K. Soon after the 10K is publish expect a S1 detailing more toxic financing. I think that is scenario unless we see a miracle before the end of the month.
GTHP will announce their losses for Q4 and 2015 Monday after the close. Shortly after the report they will need to file the 10K. Translation, the S1 will probably be out by month end. IMHO, the stock is reacting to the soon to be released S1 with more toxic financing on the way.
GTHP will report Q4 and 2015 losses this Monday. They will also file the 10K. That is the final step before the can issue a S1 by the end of the month or early April. More toxic financing is inevitable this spring. The stock IMHO is reacting in anticipation of more toxic financing. At this rate you are probable looking at a stock below 20 cents with the toxic financing given a lot of warrant to new shareholders. As a result, current holders of common stock are getting dilute to oblivion.
As I discussed previously I expected the 100 to 1 reverse split because all the shares they had to issue to holders of preferred stock. Obviously earnings were pretty horrible and they are out of cash. Either a S1 is published very soon or I expect some type of prearranged BK filing.
Many people on this board doubted when I discussed the possibility of a 100 to 1 reverse split a couple months ago Most were not looking at the balance sheet and the huge numbers of shares GTHP needed to issue. Earnings and the 10K are out (last month). At this point, either GTHP gets a S1 out very soon or they will file for BK. You might get a dead cat bounce here and there but the balance sheet does not lie. Does it matter if GTHP announces they sold 5 machines in Nigeria or Kenya at this point? They are out of money and financing might not be available. They pledged the IP. Cartwright is the worse CEO I have dealt with during my 35 years as a investor/trader. His conduct is border line criminal.
The current volume (huge) during the few trading days is holders of the preferred converting to common shares. Why? So they can dump their position before the next toxic financing deal or more likely before they file for BK at this point. Whoever is buying even at these levels is a real gambler because it is going to be very hard to trade it. Maybe there is a fluff PR coming up but the end seems near. What can they do at this point? Lie about China again? GE? Please do not insult our collective intelligence. Are they going to announce selling 5-10 machines in Africa? Folks, IMHO, it does not matter anymore.
You are correct. I wish Gene Cartwright was facing jail time. There is plenty of his behavior that I would label as criminal. However, it was his complete lack of understanding how to provide financing for GTHP that drove this company to this pre BK situation. One horrible toxic financing deal after the next proved too much for this young company. Gene is a first time CEO and should NEVER be allowed to run another public company. I wish the SEC would investigate this pathetic and IMHO corrupt CEO, but GTHP is too small for them to bother.
Gene is a complete failure as a CEO. He lacks the skill to lead a company. Furthermore, he has zero understanding of how to get financing. Sadly, Gene has taken GTHP to the brink of BK after completing too many toxic deals. The last one with Aquarius was beyond awful. Moreover, Gene has consistently over promise and under deliver. To make matters worse Gene has had too many private conversations with investors misleading them regarding GTHP sales. Can he be investigated by the SEC? I think the company is too small but his behavior is technically criminal.
I understand and agree but the reality of investors getting any money from Gene or GTHP is small at best. Not against a SEC investigation on Gene. It is going to require several of us contacting the SEC. I think we will get a prearranged BK package. At best you get a buyer willing to meet the company's financial obligations and the common becomes worthless. I do not see any paperwork (S1) detailing more toxic financing and next week is April. They are out of cash and time IMHO unless a miracle happens.
It is becoming too late for GTHP to get any financing. 3 choices left:
1. They just file for BK. This is a low probability. I am thinking 10 percent or less.
2. They have a prearranged BK package. Much more likely than choice 1. Thinking probably around 40 percent.
3. Individual like Imhoff or a private investment group buys GTHP. IMHO slightly more likely than choice 2. Maybe 50 percent. However, I do not see them pay a large premium or a premium at all to buy the company. As a result, I think the common is worthless or a small valuation like 5-10 cents.
How about another reverse split :-). I am sure they are working on financing but it is getting late. With the stock below 4 cents despite a 100 to 1 reverse split you have to wonder what they are thinking. Are they thinking?
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 #$%$.
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!
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.