Tuesday, April 04, 2006

GTXC dump dump dump

2+ times the normal volume over the last couple of days and a MASSIVE sell off. But no real surprise here.

  • There hasn't been any sales and marketing staff or activity there since (effectively since 11/04) but technically since 2/05.
  • No Customer service/support since 12/04
  • The product management function hung on for a while, but, when Chuck Manning (former lead developer) ran off early in 05 with Annette Hagen (David Hagen's wife... er.. soon-to-be-ex-wife I guess now) to Europe and never delivered anything other than beta level code no one ever produced anything.
  • The demo's they ran at "VoiceCon 06" were less than what was demo'd and showed in March of 04 (at VoiceCon) , and again at N+I in May of 04.
  • The literature touting the "products" have old "product design spec" UI designs and badly kluged up screen shots.

3 Comments:

Blogger workerjones said...

Looking at the timing, wouldn't this not so much be a "dump" (after the pump as it were) but simply the sale of shares previously restricted? I'm with you that this smells funny, but the "dump" may actually be a ways off. This might just be GTXC taking out some more cash bigger and more immediate than what they were making by managing the price, float and Pump/dump deal.

7:29 AM  
Blogger ex-GTX said...

You might be right. They, this cabal of (and I quote from Hagen here) "expertise of top Investment Bankers and global brokers have been exerted to build a market for the stock" is managing this stock flawlessly. Maybe now that David is flush with quasi-legitimate proceeds he can pay all the people, former employees, investors and vendors that he's stiffed and owes money to.

10:24 AM  
Blogger Dogcrap Green said...

I posted a google search on my site. A GTXC pumper at one time was placing 80,000 ads. What amazes me is they pluged my site. I clicked the ad, and was paid $1.92 for he click!!!!

Most google ads go for $.10 to $.20

Why are they paying so much for ad space? And who is really pumping this company and why?

1:42 PM  

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