GeckoSystems Intl. Corp. (GOSY: OTC Pink Current) | GeckoSystems Applauds SCOTUS Decision Enabling Investigation of Brown Bros., Harriman & Co.

OTC

GeckoSystems Applauds SCOTUS Decision Enabling Investigation of Brown Bros., Harriman Co.

Jan 24, 2017

OTC Disclosure News Service

Conyers, GA

 

CONYERS, GA, January 24, 2017
— GeckoSystems Intl. Corp. (Pink Sheets: GOSY |
http://www.GeckoSystems.com/ ) announced today that the stockholders holding
majority ownership are of information and belief that Brown Bros. Harriman and
Co. (BBH) have conspired with Mr. Neil T. Wallace and/or George I. MacLeod to
defraud GOSY shareholders several millions of dollars. For over nineteen years,
GeckoSystems has dedicated itself to development of “AI Mobile Robot Solutions for Safety, Security
and Service(tm).”

 

In
June of 2015, the Company’s Officers filed a Racketeering Influence and
Corruption (RICO) lawsuit with the Rockdale County Superior Court against Neil
Wallace, Bette Wallace, the Estate of Harold Wallace, and Danielle Sims.
http://tinyurl.com/qhl3uzu

 

Recently
it was learned that 55,000,000 GOSY shares (5,000,000 more than originally
believed) were placed in the custody of BBH and despite a written request to
senior BBH management, there has been no response.
http://tinyurl.com/hc9xrdd

 

Late
last fall,
a GA
Superior Court order was secured to access all phone records for the last five
years from one of the defendants, Ms. Danielle Sims.  Management continues to be surprised regarding
BBH present indifference to their
inability to determine where 55,000,000 shares (~26% of all freely traded
shares) owned by a long time GOSY shareholder, went. 

 

As
a direct result of BBH’s failure to respond in a timely fashion to the written
communication sent to them,
and market manipulation believed to be executed by Messrs. George
MacLeod and/or Neil Wallace also this past week, GOSY officers are now of
information and belief that BBH continues to support Mr. MacLeod and/or Wallace
in their theft by deception regarding the missing 55,000,000 GOSY freely traded
shares to unjustly enrich themselves and BBH.

 

The
Company’s Officers are hopeful that the facts revealed in the past and present
due to their ongoing Civil RICO lawsuit investigations will be sufficient for
the FBI to evolve this Civil RICO suit to Criminal status forthwith.

 

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) companies have suffered losses due to ongoing stock price
manipulation by brokerages large and small. These predatory brokerages (see
below examples), intent on making more money as they “false rumor” the price
down to cover their 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.

 

“Presently we are of
information and belief that one of the Defendants in our RICO suit, Neil T.
Wallace, in concert with George I. MacLeod, have exploited several market
makers possible, but not probable, ignorance of the far-reaching impact of this
recent SCOTUS decision.  We have notified
G1 Execution Services (ETRF) and KCG Holdings (NITE) of our present
beliefs.  “At this time, we are not 100%
sure as to whether these brokerages are knowingly working with these Defendants
or not. Nonetheless, they have been contacted (Eg., Mr.
Thomas Merritt,
Deputy General Counsel of KCG) several times
regarding the seriousness of our concerns and informed that we believe,
with substance, they are assisting MacLeod and Wallace to GeckoSystems’
shareholders’ financial detriment,” 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 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

 

Here’s some excerpts from our 2015 GA RICO filing:

 

FACTS

 

6.

Neil T.
Wallace is an associate of Mr. George I. MacLeod who, upon information and
belief, has vigorously orchestrated naked short selling of the Plaintiffs’
stock for many years. Mr. MacLeod resides in the UK at an unknown location from
the U.S. Securities authorities. It is believed that he and Bette Wallace’s
son, Reed Wallace, were involved in similar stock manipulation schemes
regarding Sushi Trend. Reed Wallace was sued by Sushi Trend for illegal use of
their restricted stock and they received a Default Judgment against him. (U.S.
District Court District of Nevada case #07CV1129.)

7.

Neil Wallace,
brother of Reed Wallace, has spread false information about the Plaintiffs’
company on the internet, to the courts, its attorneys and in numerous
correspondences at times using his parents and family to assist in these
efforts directly and indirectly. His public disparagement of the company has
put false rumors, and therefore doubts, in the minds of the Plaintiffs’
business associates, potential customers, attorneys, and stock investors.

 

The complete filing and all
exhibits are here: 
http://tinyurl.com/gou7bcf

 

“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, beginning shortly after BBH coincidentally “losing” 55,000,000
GOSY shares. 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
concert with BBH’s “purloining” over 26% of the freely traded float in 2012. In
the last few years we believe they have successfully caused a panic on our
stock, pushing us below a penny a share. 

 

“Personally,
I take my fiduciary responsibility to our shareholders very seriously, as I
hope we clearly indicate above summarizing our present perspective of Wallace,
MacLeod and BBH.  Despite the reality of
the foregoing, we continue to have numerous ongoing joint venture and/or
licensing discussions with those who share the same interest in using mobile
service robots to help others. I am
also pleased that as the Service Robotics industry begins to offer real
products to eager markets our capabilities are being recognized.
We remain completely committed to providing our 1300+ shareholders the
ROI they deserve.
They can continue to be confident that we expect to be signing numerous multi-million-dollar licensing agreements to further
substantiate and delineate the reality that GeckoSystems will enjoy additional
licensing revenues to further increase shareholder value,” concluded Martin
Spencer, Founder/CEO, GeckoSystems Intl. Corp.

 

 

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.

 

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.

 

 

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.

 

——————————————————————————————-

 

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

 

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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