This September 7 letter to FINRA from GeckoSystems with its allegations regarding George MacLeod and others may be read in its entirety here: http://www.geckosystems.com/investors/Letter to FINRA Sept 8 2012.pdf
Some documents also supplied to FINRA supporting these allegations are here: http://www.geckosystems.com/investors/GOSY presentation for FINRA Sept 8 2012.pdf
Several domestic and international brokerages that participated in the abnormal trading patterns on October 10th have been contacted at senior levels regarding their apparent complicity in the short attack on GeckoSystems. Most did not respond at all. One, a very prominent international firm, sent the CEO of GeckoSystems a letter denying those complaints, stating that they were satisfied that no illegal activities were occurring. Within two days of receipt of that letter, this brokerage resumed a pattern of blatant capping GOSY stock on the bid while traffic was routed through secondary market makers. This pattern of adversely influencing normal trading was obvious to a even a casual observer of Level 2 bids and asks, as was the leadership role of this international firm.
Simply stated, for some time now, whenever the company releases bona fide good news, the stock price is capped with massive blocks on the Ask and then shorted down to a significantly lower price than that prior to the press release. The share volume used to execute these maneuvers is dramatically disproportionate to the amount of available shares and trading patterns of GOSY stock. This pattern is consistent and the company believes that even today's press release will likely be met with artificial liquidity in the form of shorting and wash trading in order to further lower the price of GeckoSystems stock.
Kidea.com recently published an account of the company's fifteen-year history:
GeckoSystems also sent a copy of the FINRA letter and research report to the SEC, which has been forwarded to their Office of Investor Education and Advocacy (OIEA). At this time, the SEC states that they cannot confirm or deny the existence of an investigation regarding the claims alleged in GeckoSystems' September 7 letter to FINRA, but it is substantive that they have opened a file.
Most of the documents provided to FINRA can be found at: http://www.geckosystems.com/investors/Investor_Information.php
GeckoSystems is a legitimate investment. It is not, nor has it ever been a "shell" or "blank check" company. http://www.otcmarkets.com/stock/GOSY/news/GeckoSystems-Clarifies-Trading-Symbol-Origin?id=15114&b=y
GeckoSystems is truly dedicated to the development of "Mobile Robot Solutions for Safety, Security and Service(tm)." The company's SafePath(tm) navigation technology has been integrated with affordable depth camera sensors to create a truly collision proof wheelchair. With proper financing SafePath wheelchair upgrades could be available on the retail market within six months. This upgrade would not be out of line with other rehabilitative wheelchair technology, readily increasing the safety and mobility for tens of thousands of wheelchair users in the US alone.
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