GDT Tek Inc.(OTCMKTS:GDTK) Recover On Pump
Throughout April GDT Tek Inc. (OTCMKTS:GDTK) has been climbing up the stock chart without a care in the world. They regularly put out PR news just to remind everybody they are still doing something. The CEO of the company must have been rather busy doing all the PR by himself but with the recent appointment of Ms. Maxine Pierson as Executive Vice President they can now do twice as many interviews as before.
On May 10 it seemed they lost some steam as the ticker bombed by more than 30% to close at $0.032. Just two days later the situation has been remedied and yesterday saw them rise up to $0.057 with the amazing 2.7 million shares traded. In achieving this GDTK has to thank not only themselves but also WallStreetScoop who started touting them fervently. On the next day the affiliates of EliteTradersGroup also joined in on the effort with all of the participating pumpers disclosing compensations of $5000.
GDTK also did their part with another news that is a bit more significant this time. They have finally decided to get current with their financial reports and it was about time if you ask us. Their latest report is the one for the June 30, 2012 fiscal year end. Back then GDTK was in a dismal position having:
- no cash
- no current assets
- $8.9 million total liabilities
- no revenues since inception
- $ 1 million net loss
The accumulated deficit of $26 million should also be mentioned.
Two week ago WallStreetScoopt were targeting another company – UOMO Media, Inc. (OTCMKTS:UOMO). Back then they received a much larger sum for their services in the amount of $30 000. Since the end of the pump the ticker is still trying to recover. With no up-to-date information about their operations, no meaningful news and with an ongoing pump it should be quite obvious what the right decision is when it comes to the stock of GDTK.
