Saturday, June 03, 2006

GTX Global/GTXC... the pump chronicled

The same ad, over and over and over.. on blogs, web sites that have nothing to do with stocks (i.e and web sites that don't even exist yet, but take ads to keep their domain active.

Hopefully, the market is finally getting wise to these guys. Share volume plummets, barely above 100K shares traded daily now. Narrow range as the pumpers lose steam, traction and momentum.

My prediction: that is, if the feds don't come marching into the empty halls of the former "Gatelinx" HQ in Southern Pines, NC.... is, an announcement of liquidation. Geez, does this mean David is gonna sell his swords? (Cause there ain't nothing left)

And on that note, (aint nothing left), a comment in this blog about Chuck Manning (fomer head developer for Gatelinx and main squeeze for Annette Hagen) is off in Dubai. Well, that about puts any hope of David recovering the source code into the category of "when donkey's fly"

One final thing.. Yadio.. David Hagen's last and best hope (given the Govalin and Heelstrike aren't real companies and their "due diligence" keeps getting extended and extended)... continues to sink. They've tried at different time to sell their "subscriber" list. They claim 1,000,000 users (at least that's what GTX Globa/GTXC has said in their marketing/license/merger/license/marketing announcements)... but compare their alexa rank.

Alexa Trend/Rank: 66,584 (1 Month) 60,214 (3 Month)

Compare that with say.. hmm. friendster?
Alexa Trend/Rank: 48 (1 Month) 56 (3 Month)

Or, how about (a small west coast based social networking site)
Alexa Trend/Rank: 1,730 (1 Month) 1,591 (3 Month)

Even Linkedin... clearly specialized and none of the "Yadio" features....
Alexa Trend/Rank: 222 (1 Month) 722 (3 Month)

Alexa Trend/Rank: 25 (1 Month) 34 (3 Month)

How about the biggie.. (biggie is sarcasm... ever hear of this?)
Alexa Trend/Rank: 550 (1 Month) 481 (3 Month)

Yadio keeps slip sliding away... and so too do any last hopes for Hagen. GTXC, GTX Global is a scam. Put Hagen in jail.


Anonymous carl said...

Wow! I'd forgotten that nobody at Gatelinx seemed capable of parking....

*Sigh* The picture is pretty depressing. In the hands of a more ethical and less megalomaniacal owner, Gatelinx could have really been something.

As I've said before they were so obsessed with being the next Gateses that they missed basic managerial wisdom like "don't sell it till its ready", "screaming at the staff while they are trying to fix the problem is not helping" and other stuff they should have learned in kindergarten.

The germophobe thing explains a whole bunch. I recall a few times Stefanik freaking out about the state of the men's bathroom. There were security cameras trained on the doors to the restrooms and he even threatened to use them to find out who was leaving it such a mess.

Interesting to know who was doing the complaining about that particular point.

1:40 PM  
Anonymous Anonymous said...

did a search (like you did) and came up with this new version of the same ole "pump-n-dump"

"Rapidly turn $10K into $60K " GTXC"

1:48 AM  
Anonymous Anonymous said...

better on the doors, than in the rest rooms. Although, given Chuck and Annette, maybe it was like her own "home shopping network" (LOL)

1:49 AM  

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