GLCP ... Synopsis
GREENLAND CORP - OTC BB: GLCP
Outstanding shares 37 MIL
Restricted 27 MIL
Float 10 MIL
Trading has been crazy this week with over 40 million shares trading
hands in the past 4 days. The majority of the volume is the result of
daytraders which have caused many spikes and dips in the price but it
has closed up again today for the fourth day in a row. The stock was
4cents on Tuesday and has reached an intraday high of 49cents on
Wednesday before settling at 25cents to close the week.
Contact Info: (619)566-9604 or (800)234-4226
Brief Summary of GLCP's wireless meter reader:
Greenland's AirLink is a wireless system that enables municipalities and
utility companies to read meters (gas, parking, etc.) and transmit the
data to a central computer for use in collections, billing, and resource
management. It is a combination of digital hardware, radio transmission
circuitry, and software. When attached to a meter, AirLink will read and
store the data and transmit it back to a computer for use by the
operator (no more need for surveyors to travel from house to house
manually reading the meters).
Pending Developments:
They have been researching, developing, and testing this system for
several years and it has already been delayed for over a year as they
finalized and worked out the bugs and now it is finally ready to be
deployed. The system has just recently been presented to the FCC for
approval and this process takes approximately two weeks if all goes
well. FCC approval is a major stepping stone in the company's future
because once the approval comes in the contracts will start to be
announced. They have several potential contracts on the table, some are
finalized (assuming FCC approval goes through) and some are near
finalized...total potential business from pending contracts is $300
Million... The company plans to sign contracts (issue news releases) on
a weekly basis once FCC approval comes in. People have become impatient
with this stock thinking they'd never get the system up and running
(thus the drop to 4cents) but we are within reach of the end of r&d and
the commencement of large-scale production. Already 100,000 metres of
service is finalized representing over $70/metre or $7 million to GLCP
plus the contracts on the table from several municipalities all over USA
and a large contract in discussions for Brazil which we will learn more
about after we hear word of FCC developments. The company has stated
there will be a news release this week. This entire week the company
has been in discussions with all of their market makers who have called
to try and find out what's going on behind the scenes with GLCP since
there has been huge buying this week. The company would not release
details to the MM's. As well, the VP of Prudential Securities himself
contacted GLCP this week regarding some big clients of his who wanted to
know what was up with GLCP since it's trading patterns have definitely
caught their attention.
Other notables:
The CEO has been determined to get this company out of the r&d stage and
into the production stage so he has elected to not take a salary. He was
forced to sell 200k of his own shares lately at .04 to "feed my family".
He has put his heart and soul into this and within the next couple of
weeks he will be able to reap his rewards. GLCP has also been working
on some alliances with other industry players including the most recent
agreement with Symmetry Device Research Inc. Also at the present time,
there are some municipalities which have reached agreements for GLCP to
supply them with test systems.
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