Gatekeeper Systems Inc V.GSI

Well watched this all unfold. Sounds like a scam?

[besttobe]

The Scam ?? IE...So someone buys a bunch of shares at 60 cents, then calls the company to say they want to buy millions of shares at $1.00. The company falls for the story and announce the great news of the unsolicited PP. The stock goes through the roof to a $1.00 and  the fraudsters sell. Meanwhile leading the company on, that they were foriegners having trouble transfering the funds until finally the TSE pulls the plug. 

So the moral to the story is "if it sounds to good to be true, it probably isn't". 

Maybe there wasn't a scam as described above, but something doesn't sound right and the whole thing should be investigated. IMO

GLTA..sounds like a great company. I think it should do well.

[Torontojay]

Very possible and I mentioned this in another post the same thing. The scam also includes shorting the stock after they purposely delay the financing. A brilliant scam. 

[besttobe]

Not sure it was a scan or not, but it should be reported and investigated to make sure it wasn't. It all seems very suspect. I feel sorry for the CEO.  As far as a shorting scam, based on short reports I doubt that was part of it all. Seems pretty normal to me. Other than Sept 4th which appears legit, given the rapid rise in share price which  shorts always jump on in anticpation of

[BoardAddict]

Give me a break!!  Post facts not feelings! The main header to the news announcement states "gatekeeper systems  extends private placement" (stockwatch.com).   Doug wouldn't have pursued this deal without a background check.  The deal is still on going as the news article stated, reference below.  Sounds like they just need more time, but didn't want

[Joseisok]

This post has been removed in accordance with Community Policy

[BoardAddict]

I'm not as we don't need it.  $7.7million working capital and $3,000,000 LOC plus new money/new contracting piling in.     Close or not to close the pp is irrelevant as we are still moving at a rapid pace and this is backed by continuous record growth financial quarters. Us "pumpers" have facts to back up our decisions to invest with this company.

[besttobe]

"The Company will consider such financing interests if, and when, such financing interests can be closed without delay." I think this wording reflects a bit of skepticism in my opinion. Again, I could be wrong. We shall see. 

[Ciao]

Spot on.  Lessons Learned!

[HenoftheWoods]

In this age of disinformation, I am disappointed but not surprised to see how many on this board are willing to promote and/or believe conspiracy theories. I suppose it gives them some sort of solace.The suggestion that the placement was somehow a front to manipulate the stock, with or without the help of Dyment, is not plausible. Let's think: First, such trading would be criminal. With