{"id":1457,"date":"2013-05-17T13:15:02","date_gmt":"2013-05-17T13:15:02","guid":{"rendered":"\/?p=1457"},"modified":"2013-05-17T13:15:42","modified_gmt":"2013-05-17T13:15:42","slug":"green-envirotech-holdings-corp-otcmktsgeth-on-an-uptrend","status":"publish","type":"post","link":"\/articles\/green-envirotech-holdings-corp-otcmktsgeth-on-an-uptrend\/","title":{"rendered":"Green Envirotech Holdings, Corp. (OTCMKTS:GETH) On an Uptrend"},"content":{"rendered":"

\"GETHchart.png\"Green Envirotech Holdings, Corp. (OTCMKTS:GETH<\/a>) are on an absolute tear. Yesterday they climbed another 36% to close at $3.40. Since last week they have been invariably closing in the green resulting in a more than 5 times increase compared to their close on May 2. The company hasn’t been able to reach such price levels for almost a year. <\/p>\n

GETH<\/a> is a development-stage technology company that has a patent pending oil conversion process that turns used plastics and tires into a high grade oil, suitable for refinery usage. What spurred their recent growth was an announcement they made on the exact same date – May 2.<\/p>\n

They entered into a Letter of Intent for the formation of a global joint venture with Petrosonics, LLC. Try as we might we couldn’t find any official website for this independent company, something rather unheard of in this day and age. More importantly GETH<\/a> issued an update to their operations and more specifically they are going to license Petrosonics’ patented technologies for Africa’s newest refinery.<\/p>\n

Now let us leave the enthusiastic land of press releases to look at the still hot quarterly report for the period ending March 31. In it GETH<\/a> disclose the following results :<\/p>\n