Business
GeckoSystems Clarifies Trading Symbol Origin
GeckoSystems Clarifies Trading Symbol Origin.
About this update from Geckosystems International Corp
[{"type":"text","content":" Normal 0 Normal 0 Normal 0 Normal 0 CONYERS, Ga., May 27, 2009 -- GeckoSystems Intl. Corp. (Pink Sheets: GCKO) made clear today that their Pink Sheet trading symbol, GCKO, was awarded by FINRA as a result of satisfying all their due diligence requirements from the filing of a 15c211. GeckoSystems is a dynamic leader in the emerging Mobile Service Robot (MSR) industry revolutionizing their development and usage with \"Mobile Robot Solutions for Safety, Security and Service.(tm)\"\"We worked for nearly a year in preparing our initial 15c211 submission to and addressing the comments of FINRA prior to their issuance of our trading symbol, GCKO. A boutique brokerage firm in Los Angeles, BMA Securities, sponsored us. Our initial and subsequent submissions to FINRA were reviewed and prepared by our attorney at Sichenzia, Ross, Friedman & Ference, LLP. We received our trading symbol, GCKO, from FINRA in September of 2007. In order to enable electronic trading we became DTC eligible in January of 2008,\" stated Martin Spencer, President/CEO, GeckoSystems.\"While it may be uncommon for a company that is trading in the pink sheets, to not be a 'shell or blank check' company, we are not, and never have been, a 'shell or blank check' company. To further substantiate the legitimacy of that foregoing statement, we have posted a copy of an affidavit in the OTC Disclosure & News Service section at PinkSheets.com under our symbol, GCKO, and in the Investors section of our website. This is a notarized affidavit from me. The original of this affidavit is on file at our transfer agent, Continental Stock Transfer & Trust Company per their request. This document attests, without equivocation, that we have never been a 'shell or blank check' company,\" concluded Spencer.In the last few months FINRA has initiated several programs focused on eliminating, if not dramatically reducing, the number of illicit, or unauthorized shares not infrequently issued by \"shell\" companies. Often these illicitly gained shares are used to exploit the typical trading price of the \"shell\" company's stock to the detriment of the legitimate shareholders due to the price of the shares being driven down by \"stolen shares\" sold into the normal marketplace.Since GeckoSystems secured its trading symbol by successfully satisfying FINRA's due diligence...