Open Market Purchase by CEO Shows Confidence in Outlook
GTEC CEO Raymond Wang has purchased 66,500 shares in the open market at a cost of $1.50 per share, with the Form 4 filing made after the close on May 23. The shares acquired represent slightly more than one half a percent of the total shares outstanding and have increased the CEO's ownership by more than 55%. We note that these shares are not part of an incentive program or corporate grant. Reaffirms GTEC's bullish outlook. The CEO stated that his belief in the outlook for the company has never been stronger, citing the investment and progress with the HEVI division made in the past year and the ongoing recovery in the transmission business...
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