Instead of a marginal profitable scalping in the afternoon, I've been trapped to hold this over the weekend failing to sell when the stock retraced before close. Then I just saw this today
Given the unfortunate experience I recently had with GBSN about the very toxic potential of some warrants offerings with the stock losing 98% of its value DESPITE POSITIVE NEWS ON PROFITABILITY AND GROWTH POTENTIAL, exactly like VirtualScopics, on view of this offering I'm considering it's now foolish to hold this stock with an entry price of $5.5
GBSN has a size and a business model resembling VSCP
Obvious question is when those warrants will start to be exercised? It looks that they cannot for now(?) even if it amounts of a mind boggling $3.5 profit per share sold (After market price is $4.7)
Of course, it was totally foolish to keep this stock over the weekend, originally I thought VSCP might hold its gains, like e.g. AQXP when it soared a few months ago, but with those warrants I very doubt it now.
What's bugging me is how it is even possible to have 1300x the average volume or 6x the float volume in the same day without anybody commenting about such an extraordinary trading volume?
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