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Alias Born | 03/25/2014 |
Sunday, April 20, 2014 1:15:59 PM
GAC is mostly already there. The next steps are to get a new CFO (over 70 applicants have already submitted for it), conduct independent auditing, add independent directors, and build the minimum shareholder equity. Equity is coming with the new acquisitions and revenue growth, so this will be realized in near term filings. All the rest will be done via 8-K filings, so it should come as no surprise for short sellers needing to close their positions.
GACR will likely fall under standard one, but possibly also standard two. Either way, anyone who doesn't get in during the current bottom will miss the bus on spectacular growth. A start-up company like GAC with proven and significant revenue growth will generally see its price spike once it uplists to the big leagues due to a massive influx of capital from funds and other institutional investors. After up to six months, it should settle down to a more reasonable level, but it should be more than the current price due to lack of manipulative elements and, hopefully, a dedicated analyst.
This is why GAC needs to leave Penniland behind. It's too easy to manipulate a stock on the OTC. Try that in the big leagues and the SEC will come after you.
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