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By Ekaterina Zelenkova
Oct 18, 2011

Green Technology Solutions Inc. (PINK:GTSO) Stock Is Yet to Be Gilt

GTSO_price chart_171011.jpgThe recent "gold-plating" of Green Technology Solutions Inc. (PINK:GTSO) has not been able to gild the company's stock.

Last Tuesday, a press release related to the gold-plating of the green company succeeded to rush GTSO. The share price soared almost 12%.

Although the trading volume has been twice less than the average for the company, still it has been the highest for this month.

Regrettably, GTSO “reconstructed” rapidly its substandard performance after closing only one trading session with unchanged share price.

On the one hand, this has been a reflection of investors' appreciation of the bold gold business approach of Green Technology Solutions Inc., perhaps only on the day of the press release. On the other, present and maybe, lately attracted, investors changed the long-term focus on the company's stock to a short-term one.

GTSO_from the site1.pngAll this happened entirely in unison with the company's often changed focus from the green solutions, passing through rare earth metals, and landing in the business of gold exploration.

Last week, Green Technology Solutions Inc. announced that will focus all of its efforts on the exploration and development of precious metals.

Once again, the company reminded publicly about its agreement with the mining company New World Energy.

As of today, in the company's SEC files there is not a disclosure referring to the aforementioned agreement.

The most recent material change disclosed by GTSO is from the end of July. Then, the company announced  the convertible line of credit of $3.25 million with Wasserman Investments Corp. The credit facility has been “dedicated” to the evaluation of the company's rare earth minerals projects.

The share price of Green Technology Solutions Inc. reminded of gold bullion at the time, as opposed to its recent value. Yesterday,  GTSO closed the market at $0.1111 per share, being 10.40% less worth than the day before.

The shorters' interest towards GTSO has been decreasing too. The short volume formed only 15% from the total share turnover for the trading session yesterday. Last Tuesday, when the company's "gold-plating" has been released, shorters' had a 34% share in the total trading volume of GTSO.

Average Reader Price Target For GTSO:

Going Down!
0.0377

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