Good Post, Yet the same unscrupulous individuals
I like that Phrase, it is amazong isn't it EYE.
I find it interesting that although many seem to claim the companys addresing stock manipulators is unprofessional or in poor taste at the very least
We have suddenly be inundated with exactly that. Unscrupulous individuals and possibly groups of the same have appeared in droves criticising every action of the the company, sewing fear and discord by every word they print and tending to feed off each other kinda like a team patting itself on the back.
To claim the stock price demise is of any fault of GLCC simply defies logic and common sense.
I have never seen a company Pink, OTC BB or even AMEX or better take such massive steps to address its share value.
Reducing O/S and A/S, cancellation of dividends that were offered to its insiders, buy back of shares, especially in light of the fact that the stock is trading at less than its cash on hand value alone.
This Company has Assets exceeding its Liabilities by roughly 3 to 1, has over 500,000 in Net Earnings after taxes for 1 qtr alone, Has a massive marketplace, is growing at an alarming rate, has established a massive network of products, distribution, and thats just touching a few things.
I have seen Pinks and OTC BB's that have never netted more than 1 Mil trade higher than us and we are on target for Net Earnings after taxes of over 2 Mil this year even if there was no addional growth since the first qtr.
There could be a return of .013 per share on 2 Mil In Net Earnings after taxes if they only make 2 Mil this year. That is roughly 2/3 of share price today or a 66% Return on Invested Capital. Yet the stock value goes down.
Yet the same unscrupulous individuals and possibly groups of the same have would have you believe there is no manipulation or shorting here, That is absolutely ridiculous IMHO. Someone has decimated this stock value and it isn't the company so just who could it be?
The reason this company puts out PR after PR is because it is a growing company doing remarkable things. It is in explosive growth and is branching out into differant sectors.
The fact the price is going down on such phenominal developments and the influx of droves of unscrupulous individuals and possibly groups questioning and deriding every action of management indicates to me their is some massive manipulation going on.
Those responsable can not let the price recover as it could pronounce the financial doom of the perpetrators but by driving the price down further they simply allow longs to bolster and add to their holdings which in essence multiplies the doom these market manipulators are bringing on themselves.
Something needs to turn on the heat to bring things to a boil.
I think it could be the buy out proposal and not a merger with yet another entity, but thats just me.
Financials and even becoming Fully Reporting does not guarantee stock price rising especially in light of grievous manipulation I believe is currently taking place.
For the majority of Pinks and OTC BB's increasing Net Income, qtr by qtr increases in Revenues, a healthy Balance Sheet, and reduction in O/S shares has been enough for rising stock values of any Pink or OTC fortunate enough to obtain them.
There is no reason for declining stock values in GLCC other than Massive Manipulation.
If something effectually brings correction to that this stock could be astounding.
If correction does not occur how low can they drive stock price and how long can they maintain it.
Qtr by qtr gains will bring correction eventually and with increasing Revenues the possibility of cash dividends in the future can not be unreasonable.
WE need to see more Franchise established and continued market share ontained in all areas of Operation.
eye
Lets all get along
