GTSO Stock Price Up 6,800% For Note Payable Converters

GTSO StockWhen the  price of an OTC listed penny stock goes up four days in a row and gains 75% doing it, its time to get that symbol on the top of your watchlist. Green Technology Solutions, Inc. (GTSO), and their recycling initiatives, could land the company billions from the valuable minerals in discarded electronics. GTSO stock price, currently set to open at $2.07, is surely showing that same optimism having run from $1.24 LOD on Tuesday to $2.18 HOD on Friday.

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GTSOGTSO Stock Chart

Market Cap: 64.59M
Shares Outstanding: 31.20M

Friday Trading Stats:
Trades: 199
Average Trade Size: 1,272

5 Day Moving Avg: 1.64
10 Day Moving Avg: 1.53

5 Day Avg Volume: 117,439
10 Day Avg Volume: 89,968

According to their Friday announcement, the mountains of “e-waste” piling up all over the planet now contain mineral deposits 40 to 50 times richer than the ores mined from the ground, and GTSO is working quickly to capitalize on these unclaimed resources. It is more likely that GTSO is working quickly to capitalize on their $2 stock price after reading their most recent 10-Q.

A couple of things that make this appear to be the real deal is that:

a) The Company’s recent 10-Q is in-line with a start-up, not ridiculous
b) Their recent Joint Venture Agreement with Diamond V Associates, Inc. to fund the research, planning and development of tungsten and other rare earths and precious metals in North America and Africa calls for GTSO to contribute $2,000 a month.
c) On November 19, 2010, the Company effected a 1-for-200 reverse stock split.
d) On January 21, 2012, the Company effected a 1-for-300 reverse stock split.

If you wanted to bend over a large number of investors, you wouldn’t have effected a huge reverse split 6 months ago knowing you were going to activate the shell. Right? Well, its not that clean to the trained eye.

On January 9, 2012, the holder of a $661,683 convertible note payable elected to convert the entire principal in the amount of $661,683 into 22,056,100 shares of GTSO stock. Furthermore, three days later, the holder of a $517,673 convertible note payable elected to convert principal in the amount of $270,000 into 9,000,000 shares of GTSO stock. That’s a cost basis of $0.03 per share. Prior to these two note payable conversions, there was only 142,116 shares outstanding as of December 31, 2011.

About GTSO Stock

Green Technology Solutions, Inc. is in the business of identifying and acquiring rights in early stage, breakthrough green technologies, with the plan to develop these technologies into marketable products. To date, the Company has identified the following market segments:

(1) the advancement of cleaner world-wide mining technologies, with an emphasis on rare earth and precious metals mining applications,
(2) the development of additional markets for existing environmentally friendly paint products that are currently being marketed in the United States and
(3) smart grid technology.

Green Technology Solutions’ mission is to focus our resources on discovering the best available new innovative technologies in this industry space and we intend to work with young companies and inventors to deliver innovation in the real world.

To view the SEC filings for GTSO, click here.

Bottom Line: GTSO is one of the better performing penny stocks above $1 in recent trading sessions with $530,104 trading on Friday. After discovering the cost basis for roughly 99% of the outstanding shares, its evidence that the persons behind it are not being pigs about selling. It would be very easy for GTSO to have a similar trading future to that of LuxeYard (LUXR) or Independence Energy (IDNG) in the early stages of their ascents.

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