CONYERS, GA, -- March 29, 2017 --
InvestorsHub NewsWire -- GeckoSystems Intl. Corp. (Pink Sheets:
GOSY | http://www.GeckoSystems.com/) announced today
that the ramifications of a recent Supreme Court of the United
States (SCOTUS) ruling --that expands States’ Rights-- is of
particular relevance and potentially dramatic benefit to their
shareholders due to recent, rampant illegal spoofing of the
company’s stock by, eg., KCG Holdings,
Inc. (dba NITE) using artificial intelligence. For over
nineteen years GeckoSystems has dedicated itself to development of
"AI Mobile Robot Solutions for Safety, Security and
Service(tm)."
This SCOTUS decision is the most
significant for companies that are small and technology driven such
as GeckoSystems by enabling state courts to have jurisdiction in
other states to lower litigation costs for plaintiffs seeking
damages for naked shorting, propagating “false rumors” to depress
the company stock price and receive “unjust enrichment” to garner
significant monies. Many of those companies have suffered for years
while they have seen their stock manipulated by naked shorting and
false rumors, all done to drive the stock price down for excessive
and illegal profits to brokerages, such as Merrill-Lynch. On July
10, 2015, GeckoSystems’ senior management and majority stockholders
filed a Georgia Racketeer Influence and Corrupt Organizations
(RICO) Act suit in the Rockdale County Superior Court in Conyers,
GA. http://tinyurl.com/qhl3uzu
“For some years, all of our
shareholders and the tens of thousands that hold stock in other
stock manipulated (such as “spoofing” or refusing to sell at Ask to
preclude being forced to cover naked short positions at a loss)
companies have suffered losses due to ongoing stock price
manipulation by brokerages large and small. These predatory
brokerages (see examples below) using AI that is deliberately
predatory and autonomous, intent on making more money as they
cybermanipulate and “false rumor” the price down to cover their AI
generated naked shorts to achieve unjust enrichment, have hidden
behind --the now pierced veil-- of only being sued in Federal
courts. No doubt, it is readily apparent that this new
States’ Rights affirmation by SCOTUS will be welcomed by the
thousands of publicly traded companies preyed upon since they could
not afford to initiate and consummate litigation successfully in
Federal courts.
“We have notified G1 Execution
Services (ETRF) and KCG Holdings (NITE) of our present beliefs
regarding their historical and ongoing stock price manipulation of
GOSY. Mr. Thomas Merritt, Deputy General Counsel of KCG,
has been contacted several times regarding the seriousness of our concern
regarding their use of AI predator algorithms and the applicability
of the SCOTUS RICO decision,” stated Martin Spencer, Founder/CEO,
GeckoSystems Intl. Corp.
For example, KCG Americas and
Susquehanna International Group LLP (dba E*trade) have been sued
and fined for their illegal stock price manipulation activities.
Below are a few examples in the links below:
KCG
Holdings, Inc. (NITE)
Class Action Lawsuit against the
SEC, FINRA and KCG Holdings
http://tinyurl.com/jnlpf3y
G1 Execution Services, LLC
(ETRF)
FINRA investigating E*Trade for
potentially rigged markets
http://tinyurl.com/z3etpzw
E*Trade units to pay $2.5
million to settle SEC charges over illegal sales
http://tinyurl.com/h4aff3b
“‘Naked’ short sellers
squeezed by Supreme Court”
Published by AMI Newswire May
16, 2016
In a sweeping blow to Wall
Street investment giants, the U.S. Supreme Court today unanimously
allowed lawsuits against "naked" short sellers in state courts to
proceed.
The high court ruled unanimously
that shareholders are not confined to federal court when seeking
recourse for securities violations. Granting “due deference to the
important role of state courts,” the Court reinforced federalist
principles while clarifying congressional intentions to limit the
federal government’s role.
The ruling, which could give a
new boost to startups and small companies targeted by short
sellers, showed a rare moment of ideological agreement in the
court. Justice Elena Kagan authored the Court’s opinion, and
Justice Clarence Thomas, joined by Justice Sonia Sotomayor, issued
a concurrence.
In 2012, businessman Greg
Manning sued Merrill Lynch and other financial institutions in New
Jersey state court for purposefully devaluing his company through
systematic “naked” short-selling — a term used to describe selling
a stock a seller does not own and has not borrowed. In standard
short sales, traders either borrow a stock or make sure that
it can be borrowed prior to selling it short in the hope that its
value will fall before the transaction must be covered.
The practice has come under increasing scrutiny and has been banned
in Germany and other major economies.
Read more: http://tinyurl.com/jgz257w
The complete SCOTUS opinions are
here: http://www.supremecourt.gov/opinions/15pdf/14-1132_4g15.pdf
Continuing from the article
‘Naked’ short sellers squeezed by Supreme Court:
(Underlines added below for emphasis.)
While legitimate short-selling
remains an accepted financial practice, manipulation by false
rumors and naked short-selling has taken a serious toll on emerging
industries. Biotechnology industry insiders have for years
pleaded with the SEC to block the illegal short selling and false
whisper campaigns that plague the industry. Smaller
technology-driven companies frequently lack the resources to deal
with attacks that drive down stock prices, crippling research and
development budgets.
Read more: http://tinyurl.com/jgz257w
The company has been engaged in
advanced AI R&D for nearly 20 years for use in mobile service
robots. Artificial intelligence technologies and applications span
Big Data, Predictive Analytics, Statistics, Mobile Robots, Service
Robotics, Drones, Self-driving Cars, Driverless Cars, Driver
Assisted Cars, Internet of Things (IoT), Smart Homes, UGV’s, UAV’s,
USV’s, AGV’s, Forward and/or Backward Chaining Expert Systems,
Savants, AI Assistants, Sensor Fusion, Subsumption, etc.
It is unfortunate that unethical
stock brokerages routinely use advanced AI paradigms to
automatically, without human intervention, to prey upon stocks
–like GOSY-- to unjustly enrich themselves due to lack of SEC
funding to monitor these types of cyberpredator activities.
This is the rise of intelligent machines preying upon unsuspecting
publicly traded companies, particularly rampant in the OTC
markets.
“This recent Supreme Court ruling
has occurred at a very propitious time for us. As one can read in
the foregoing, our company has been subjected to adverse stock
price manipulation for some years. We are of the belief that this
“Wallace” group has committed many predicate acts constituting RICO
and cost our shareholders several millions of dollars in ROI due,
in part, to the literally thousands of false rumors they have
posted on several stock message boards to drive the share price
down. In the last few years we believe they have successfully
caused a panic on our stock, pushing us below a penny a
share.
“Since our stock price moved up
recently, from $.008 to $.021, those holding the massive GOSY short
position are particularly motivated to continue their naked
shorting practice or face covering costs that could cause them to
“fail to cover” and flirt with financial insolvency, if not
outright bankruptcy. Given that they have now “spoofed” the high of
over $.02 down to $.0075, we seem to have no choice but add these
market makers, such as KCG Holdings, Inc., to
our RICO lawsuit forthwith. Our 1300+ shareholders
can continue to be confident that we
are working diligently to protect their investment from the illegal
trading activities discussed here,” concluded Spencer.
About
GeckoSystems:
GeckoSystems has been developing
innovative robotic technologies for nineteen years. It is CEO
Martin Spencer's dream to make people's lives better through AI
robotic technologies.
The safety requirement for
human quick WCET reflex time in all forms of mobile
robots:
In order to understand the
importance of GeckoSystems' breakthrough, proprietary, and
exclusive AI software and why another Japanese robotics company
desires a business relationship with GeckoSystems, it’s key to
acknowledge some basic realities for all forms of automatic,
non-human intervention, vehicular locomotion and
steering.
1. Laws of Physics such as
Conservation of Energy, inertia, and momentum, limit a vehicle’s
ability to stop or maneuver. If, for instance, a car’s braking
system design cannot generate enough friction for a given road
surface to stop the car in 100 feet after brake application, that’s
a real limitation. If a car cannot corner at more than .9g
due to a combination of suspension design and road conditions,
that, also, is reality. Regardless how talented a NASCAR
driver may be, if his race car is inadequate, he’s not going to win
races.
2. At the same time, if a car driver
(or pilot) is tired, drugged, distracted, etc. their reflex time
becomes too slow to react in a timely fashion to unexpected
direction changes of moving obstacles, or the sudden appearance of
fixed obstacles. Many car "accidents" result from drunk driving due
to reflex time and/or judgment impairment. Average reflex time
takes between 150 & 300ms. http://tinyurl.com/nsrx75n
3. In
robotic systems, "human reflex time" is known as Worst Case
Execution Time (WCET). Historically, in computer systems engineering,
WCET of a computational task is the maximum length of time the task
could take to execute on a specific hardware platform. In big
data, this is the time to load up the data to be processed,
processed, and then outputted into useful distillations, summaries,
or common sense insights. GeckoSystems' basic AI
self-guidance navigation system processes 147 megabytes of data per
second using low cost, Commercial Off The Shelf (COTS) Single Board
Computers (SBC's).
4. Highly
trained and skilled jet fighter pilots have a reflex time (WCET) of
less than 120ms. Their "eye to hand" coordination time is a
fundamental criterion for them to be successful jet fighter
pilots. The same holds true for all high performance forms of
transportation that are sufficiently pushing the limits of the Laws
of Physics to require the quickest possible reaction time for safe
human control and/or usage.
5.
GeckoSystems' WCET is less than 100ms, or as quick, or quicker than
most gifted jet fighter pilots, NASCAR race car drivers, etc. while
using low cost COTS and SBC's
6. In
mobile robotic guidance systems, WCET has 3 fundamental
components.
a. Sufficient Field of View (FOV) with appropriate granularity,
accuracy, and update rate.
b. Rapid processing of that contextual data such that common sense
responses are generated.
c. Timely physical execution of
those common sense responses.
-------------------------------------------------------------------------------------------
In order for any companion robot to
be utilitarian for family care, it must be a "three legged milk
stool."
(1) Human quick reflex time to avoid
moving and/or unmapped obstacles, (GeckoNav(tm): http://tinyurl.com/le8a39r)
(2) Verbal interaction
(GeckoChat(tm): http://tinyurl.com/nnupuw7)
with a sense of date and time (GeckoScheduler(tm): http://tinyurl.com/kojzgbx),
and
(3) Ability to automatically find
and follow designated parties (GeckoTrak(tm): http://tinyurl.com/mton9uh)
such that verbal interaction can occur routinely with video and
audio monitoring of the care receiver is uninterrupted.
An earlier third party verification
of GeckoSystems’ AI centric, human quick sense and avoidance of
moving and/or unmapped obstacles by one of their mobile robots can
be viewed here: http://t.co/NqqM22TbKN
An overview of GeckoSystems'
progress containing over 700 pictures and 120 videos can be found
at http://www.geckosystems.com/timeline/.
These videos illustrate the
development of the technology that makes GeckoSystems a world
leader in Service Robotics development. Early CareBot prototypes
were slower and frequently pivoted in order to avoid a static or
dynamic obstacle; later prototypes avoided obstacles without
pivoting. Current CareBots avoid obstacles with a
graceful “bicycle smooth” motion. The latest videos
also depict the CareBot's ability to automatically go faster or
slower depending on the amount of clutter (number of obstacles)
within its field of view. This is especially important
when avoiding moving obstacles in “loose crowd” situations like a
mall or an exhibit area.
In addition to the timeline videos,
GeckoSystems has numerous YouTube videos. The most popular of which
are the ones showing room-to-room automatic self-navigation of the
CareBot through narrow doorways and a hallway of an old 1954
home. You will see the CareBot slow down when going through
the doorways because of their narrow width and then speed up as it
goes across the relatively open kitchen area. There are also
videos of the SafePath(tm) wheelchair, which is a migration of the
CareBot AI centric navigation system to a standard power
wheelchair, and recently developed cost effective depth cameras
were used in this recent configuration. SafePath(tm)
navigation is now available to OEM licensees and these videos show
the versatility of GeckoSystems' fully autonomous navigation
solution.
GeckoSystems, Star Wars
Technology
http://www.youtube.com/watch?v=VYwQBUXXc3g
The company has successfully
completed an Alpha trial of its CareBot personal assistance robot
for the elderly. It was tested in a home care setting and
received enthusiastic support from both caregivers and care
receivers. The company believes that the CareBot will
increase the safety and well being of its elderly charges while
decreasing stress on the caregiver and the family.
GeckoSystems is preparing for Beta
testing of the CareBot prior to full-scale production and
marketing. CareBot has recently incorporated Microsoft
Kinect depth cameras that result in a significant cost
reduction.
Kinect Enabled Personal Robot
video:
http://www.youtube.com/watch?v=kn93BS44Das
Above, the CareBot demonstrates
static and dynamic obstacle avoidance as it backs in and out of a
narrow and cluttered alley. There is no joystick control or
programmed path; movements are smoother that those achieved using a
joystick control. GeckoNav creates three low levels of
obstacle avoidance: reactive, proactive, and contemplative.
Subsumptive AI behavior within GeckoNav enables the CareBot to
reach its target destination after engaging in obstacle
avoidance.
More information on the CareBot
personal assistance robot:
http://www.geckosystems.com/markets/CareBot.php
GeckoSystems stock is quoted in the
U.S. over-the-counter (OTC) markets under the ticker symbol
GOSY. http://www.otcmarkets.com/stock/GOSY/quote
GeckoSystems uses http://www.LinkedIn.com as its primary social media
site for investor updates. Here is Spencer's LinkedIn.com
profile:
http://www.linkedin.com/pub/martin-spencer/11/b2a/580
Telephone:
Main number: +1
678-413-9236
Fax: +1 678-413-9247
Website: http://www.geckosystems.com/
Source: GeckoSystems Intl.
Corp.
Safe
Harbor:
Statements regarding financial
matters in this press release other than historical facts are
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, Section 21E of the Securities Exchange
Act of 1934, and as that term is defined in the Private Securities
Litigation Reform Act of 1995. The Company intends that such
statements about the Company's future expectations, including
future revenues and earnings, technology efficacy and all other
forward-looking statements be subject to the Safe Harbors created
thereby. The Company is a development stage firm that continues to
be dependent upon outside capital to sustain its existence. Since
these statements (future operational results and sales) involve
risks and uncertainties and are subject to change at any time, the
Company's actual results may differ materially from expected
results.
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