Green Technology Solutions, Inc. (OTCMKTS:GTSO) – Splits And Compensations

[[tagnumber 0]][[tagnumber 1]]The stock of Green Technology Solutions, Inc. (OTCMKTS:GTSO) is traded very thinly usually, but we see some more investor interest lately as well as a significant increase in the price per share.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]However, let’s start at some point a little back in time to see what we have on our hands with [[tagnumber 6]]GTSO[[tagnumber 7]]. Back in April the company announced that they have sent an initial sample electronic waste shipment to a European smelter that reportedly contained 0.5 kg of gold, 5.5 kg of silver and 1.3 tons of copper.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]And since those were results from April, that the company was so excited about in the press release, one would expect that we will be seeing some progress in that path at least in the third quarter, if not in the second. This, however, were the numbers recorded in [[tagnumber 6]]GTSO’s [[tagnumber 7]]balance sheet from the period ended September 30.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 17]] [[tagnumber 18]]cash and current assets: $9,221[[tagnumber 19]] [[tagnumber 18]]total assets: $34.221[[tagnumber 19]] [[tagnumber 18]]current liabilities: $513,006[[tagnumber 19]] [[tagnumber 18]]quarterly revenues: $0[[tagnumber 19]] [[tagnumber 18]]quarterly net loss: $3.11 million[[tagnumber 19]] [[tagnumber 28]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]One would expect that when you are so excited about “concrete” news like that and you are expecting this “to be a springboard to future business dealings with this and other overseas smelters” you would actually have something even remotely positive in your financial filing for the period that ended 5 months after the press release.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Not only was there no development on that end, but [[tagnumber 6]]GTSO [[tagnumber 7]]decided to take a ride on the cannabis train. After issuing no press releases in June and July [[tagnumber 6]]GTSO [[tagnumber 7]]filed their report for the second quarter in August and still remained silent until the company began retelling the news about the cannabis industry in the beginning of September.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]A very important thing that you should know is that [[tagnumber 6]]GTSO [[tagnumber 7]]executed a reverse split, decreasing the stock by 1 for 300 shares on September 2, 2014. This is not the first time the company makes such a move, but what is most worrying is that the stock based compensation that the company recorded for the quarter was an estimated at $3.31 million and was the main reason for the major net loss.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Constantly executing such big reverse splits that cripple investors is bad, but it gets even worse when you blatantly report issuing massive amounts of shares in the meantime. As the saying goes – Fool me once, shame on you; fool me twice, shame on me. [[tagnumber 2]]