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13:40 10/27/2006 GLMC Globalmedia.com Common Stock WSGI Worldsage, Inc. Common Stock 1-500 R/S **
Test. Please do not delete this message.
Jerome, they have until Feb 11th to get the price over a dollar for atleast ten day before it gets delisted.
The Naz informs them after 30 days of trading under $1 that they have 90 days to get it back over $1. The last time it traded over $1 was Oct.11.
This one will be over $1 if they get the financing. If they don't then BK.
Even if the price does not shoot up after they get the financing they will do a reverse split to prevent them from being delisted.
If they do get delisted it is not necessarily a bad thing if you are just a trader. The volume may pick up.
Good Luck and welcome to the thread.
DC
So would you call this a shell then?
...one solid reason why another company would be looking to acquire it.
imo
Is this stock going to be delisted to the OTCBB? Timeframe?
imo
LAWOMAN,
Welcome to the thread. I do think GLMC is a viable take over target but not until they get some additional financing. The only thing is, we may get delisted!! The only way to get around that at this time is to do a rollback or reverse split.
Unless they get a ton of money I don't think it will shoot up to over a dollar anytime soon. I could see it going to around 50 cents and then they would only have to do a 3 for 1 reverse to stay listed.
I just dont see alot of internet companies which have more promise than the avenue they are heading. They are heading in a total different direction than even 6 months ago. It seems that they are going more of the consulting route. especially with Barr and the others coming on. On the inside they are all pumped about what is happening but just waiting for extra cash.
I do see them as a viable aquisition target of one of the big broadcast affiliates such as clearchannel. They use GLMC as a Shell for all their streaming needs at little cost. Instead of spending millions on setting up the infrastructure they could just offer GLMC cash and the opportunity to have a huge streaming network.(MAY BE A PIPE DREAM BUT WHAT THE HELL!!)
I am still a believer no matter what profcap, wonderdrug, traum have said. They are all right in that GLMC's stock has floundered but the stock price has no barring on where the company is at at this point.
GOOD LUCK
DC
Chicago...great board! Thanks, we needed it. I didn't think I could take anymore of Tramkeks/ProfCap b.s...I look forward to some intellegent posts/comments...Thanks for the link Bernard. One thing I wanted to point out is the fact that GLMC being on NASDAQ is a very attractive feature - one solid reason why another company would be looking to acquire it.
DC, I'm still playing this stock... but I think I will eventually own it.
If they get a solid round of financing, I think, the most optimistic target should be $2... don't think GLMC can pass $2... especially it's not making any money. Just look around the market, anything with -EPS... we'll prolly see them on OTC... which to me, is not a bad thing
Read this... might help you to make up your mind next time...
http://www.investorshub.com/beta/read_msg.asp?message_id=24901
signed,
Bernard
Bernard,
Are you in this stock yet? I have heard rumblings that they have obtained some smaller financing but I really don't know what.
In your opinion: What is the best case scenario for them if they get a solid round of financing. Lets say 7.5MM.
Do you think there is a possibility of the stock hitting 4-5 in the next 6 months. DON'T GIVE ME THE OL' Anything is possible on this one. I want good solid opinion and I want it from an optimistic point of view.
By the way: 11 days ago I was going to dump a good load into RIMM puts at $90 and now it is sitting at $57. Just didn't have the balls to do it. I just second guess myself too much. To say the least, it has not been a good last week for my psyche. JUST HAD TO GET THAT OFF MY BACK!!
DC
Yeah, it's viable... but we are not the management...
If they do announce the financing, maybe the price will shoot up instantly... it really depends on how much money will they get. If the next round can only last for another month... then it doesn't look good.
Assume they can last for another 6 months, then I believe the price will shoot up... then follow by reverse split, they can still stay in the NAZ.
I don't see why they will do a share buy back.. because they don't have much money left... by doing a share buy back and not selling the shares back... they can't make money by doing so... the float is ok for a NAZ company.
Now, the financing is really depends on their plan on how to make GLMC become profitable ASAP. I think the amount of financing will reflect the quality of their restructure plan. They really need a good plan, or maybe they can sell part of the business... I don't know... but that's how I view this company. They want to last long, they need a good plan to reconstruct. Getting the financing is the first step, if they can't do an efficient job to cut the loss... then the price will come back down. It's better for them to tell the share holders in a PR about how they will be profitable within a certain time frame... and of course, make it happen!
JMHO of course.
signed,
Bernard
Die Hard Longs,
Her are a couple of positive sections of the latest SEC filing:
The Company, Standard Radio and Mr. Mandelbaum entered into a 180-day lock-up agreement with regard to all shares held by Standard Radio and Mr. Mandelbaum.
****Thus all the bashers on RB who are saying that they are shTT Canning shares are wrong. the latest round of financing from Standard and Jeff was to give them another 8-10 weeks to obtain finanicing not to seel us out.
In connection with this current financing, Rose Glen Capital Management, L.P. and RGC General Partner Corp. on behalf of RGC International Investors, LDC ("Rose Glen") have agreed in principal to certain concessions in regard to Rose Glen's existing preferred share position in the Company, which will be effective upon execution of a Modification Agreement between the Company and Rose Glen, as follows:
- All of RGC's existing investment options and warrants to purchase company common stock will be cancelled.
- RGC will convert a sufficient number of the Series A preferred shares held by RGC so that RGC holds 4.99% of the Company's outstanding common shares.
- RGC will agree to modify the conversion price of its remaining Series A and Series B preferred shares such that 75% of its remaining preferred shares will be convertible at a fixed price of $0.4375 per share and only 25% will be convertible upon the original formula price, but will be subject to a $0.4375 per share conversion floor price
***Why would RGC not take further advantage by converting all of their shares until this thing is in the BK house? the only reason I can see them making these concessions is GLMC has a chance to obtain further financing but the only way they could was to have the RGC mess out of the picture.
Heres what I think needs to happen:
GLMC needs to obtain atleast 5MM which will keep them in business for another 6 months.
Then they need to spend atleast 1MM to buy back shares. At this price they could buy back 8 Million shares out of the float. to do this they need cooperation from all big parties involved.
Then they may also need to do a stock rollback to prevent from being delisted.
Then they beter hope and prey for a tech rebound in January and increased revenue and we culd see $2 a share by March of next year.
What do you guys think. BERNARD is this viable.
DC
Hi Mike
Yes, you are right. This is what I got as an answer.
Ken's answers are right after the asterisks at the end of my questions:
Hi Ken,
I haven't even dared to look at the shareprice today because I know it must
be shocking.
My questions are as follows:
1) The current shareprice is obviously a general market problem. Nasdaq has
fallen badly lately.
Does the current SP slump have an influence (positive or negative) on
GLMC's quest for
a new financing deal?***It doesn't help. There is a dilution factor to
consider. The less the price, the more shares you have to give up. It
makes it tough in this environment.
2) Could you please give me an idea of whether or not the chances for a
financing deal
are good? In your last mail you said it would be in the timeframe of 4
to 6 weeks for
a financing deal to come about.***Everything is contingent on financing.
We are talking to a number parties and will continue to move ahead. Jeff is
in NYC making the rounds.
3) Anything you can tell shareholders, anything at all????????????
I still can't almost believe this is happening. Who could have
guessed.***Not me...that's why I'm holding on to a substantial chunk at
"much higher levels" in other words: OUCH!!!
Cheers,
Ken
Very sincerely,
Ken says he is holding on to a substantial chunk of shares at "much higher levels". Well, selling at this point would be just peanuts and madness.
Thought I would share this all with you guys.
We're down another 26% TODAY: GEEZ
Shelley
Shelley
Wouldn't expect too much in reply to your email. Global has been fairly good about replying but they won't (or can't) divulge much info, even assuming they have something to report. I bought again yesterday but it was strictly trading shares. I'm not much of a LTBH type this year as I went mostly cash in April. Have to admit--the downside is limited now. :)
Regards
To Chicago, Mike
Hi lads! I have no idea what is going to happen. I am looking to this group forum for consolation myself. All my other stocks are down as well. But this one has been the worst. I can't almost believe it is happening. Can this all be due to the uncertainty of the American Election outcome? I wonder.
Is it a general lack of confidence in the market.
What would Kostolany (R.I.P.) have to say to this?
Would he recommend buying more?
Would he still say "Buy when everyone is selling, Sell when
everyone is buying". Ok, everyone seems to be selling. But they were selling at higher prices too. And the stocks have fallen even further down.
I just wrote off a mail to Ken Shortt.
Strictly speaking, if we knew that a financing deal was on the way, it wouldn't really be that serious for the stock price to be this low. Because fundamentals are what count at the end of the day - irrespective of the shareprice.
I was looking for consolation. maybe I have given you some.
I find the RB board pretty destructive at the moment.
Anyway, all my other stocks are down too. So, should I hang myself????
No way. I enjoy life far too much. I have a cute 11-year old
daughter. She's the best !!!! Also, Christmas is coming.
And I am going for a two-week holiday to the sun.
So, I am happy. There are other things to life than shares.
Think about it.
BUT, if this price goes up, and I mean really up, I will be extremely happy too!
Love to all,
Shelley
chicago-I have no idea what RGC (or insiders) have left or what they might be doing. It's hard to say if this is the last sell out or not. As far as BK--you get zip. First grab goes to any and all creditors, lawyers get their share and normally shareholders get nothing. If there's a reorganization there might be warrants involved when it's all said and done. Personally I don't like it but you win some, you.... It's not worth selling at this point for me. I have held on to a few apparent losers that made a fair comeback. Just takes time.
Bernard, shelley, Mike,
Do you guys see this as the last sell out prior to a possible folding.
What happens to our shares if they file BK?
Give me some hope!!
DC
Hi Shelley, GLMC at least has positive contract news lately... so they are still alive Do you think it's a good news? For the financing thing... just wait and see...
IMHO, doing dollar counting or intense % counting will stress one out... so please relax lady
signed,
Bernard
Hi folks, thanks for the welcome
Well, GLMC did drop yesterday. Geeez.... wish I know where this was going to end up. So do we all I guess.
When do you guys think we will hear anything about financing? Anybody talked on the phone to the Ken Shortt latelyß
In other words, IS THERE ANYTHING POSITIVE OUT THERE THAT YOU GUYS CAN TELL ME ABOUT GLMC ??????????
LOL
Have a great day, everyone!
Regards,
Shelley
Bernard, yeh they thought the Wright Brothers were crazy too...I'm not after fame really, don't need the fortune, but a vehicle to drive the global markets, now that is a fun game. If I had a trillion dollars, we would already be populating Mars and the price of real estate on Earth would shrink in half (supply and demand you know)...So let them think what they want, I've been called worse. (the devil three times in my life). And Jesus was crucified too, so what's new, ignorance causes pain, so I try to avoid ignorant people. And those who want to teach me, I listen to them, and those who want to learn from me, I share what I know, or think I know, even though sometimes I might think I know something when I find out later I was totally wrong. But yes, here's a nice strategy fleshed out lately in talks with various companies and CEO's and IR people. There are 5,000+ pink sheet companies, another 5000+ OTCBB companies, 10,000 plus NASDAQ companies and so forth up the line, and there are three major exchanges in the US and dozens of smaller exchanges, and then there's duplicate exchanges all over the planet. So the basic plan is to form a private virgin company in Delaware, grant it a license for ThoughtWareTM for the US market only, pump an additional $60 million in assets into it, and then merge it with a public shell. I'm looking over a dozen or so shells right now. Once the merger is complete, then the newly merged company will roll up a couple dozen or two or three of these pink sheet companies into one, so instead of having 24 companies with a penny per share book value, you've got one diversified company worth a quarter per share, plus a license for the hottest product of the new millennium, and an asset base (audited,plus a better revenue stream for beefing up the future growth of book value, plus less expenses. (The lawyers hate this idea by the way, it puts 24 lawyers out of work because by then you only need one good one.) By the way GLMC dropped 16% and I still can't reach those guys at CBQI, they are out to China or something. But I did have nice long conversations with Steve Chapman and Georgia Bard lately and a newer version of the consolidation prospectus will be ready by the end of the year. And anything with a market value out there that is trading over 3x book value will go down, and anything under 3x will rise to the occaision. It's as if the Federal Government one day decided to give the power to regulate the value of currency back to the people, and the people said, well, let's see, for the past 100 years we've had nothing but inflation from you federalies, and note issuers, and money changers, and market manipulators, and speculators, and we used to be able to buy a good loaf of bread for a nickel, but now it costs over $3.00, $5.00 if you live in Manhattan, and so we are taking charge of our money and we say that a penny is now worth a nickel, and you then have hundreds of thousands of homeless people scarfing up pennies on the streets, and chanting in front of the Federal Reserve Buildings in 12 major markets with the words "Show us the f...ing money!" And of course the media wants to ignore this event, but all of a sudden, before all these bankers know it, a penny actually goes up in value by 500% because some schmuck like me started buying pennies for a nickel from homeless people on the streets of Portland and Seattle a decade ago and never stopped spreading the word that money is just an idea backed by confidence of the people in the currency being used to exchange for goods and services. And what most investors don't realize these days is that debt becomes worth less as money is revalued and saved, and paper assets with speculative earnings projections become worth less as well. Anyway, to you my cousin I say this much, if a penny becomes worth a nickel in the eyes of the homeless in less than a decade, and a nickel becomes worth a quarter in the eyes of the poor in less than five years, and a quarter becomes worth a dollar in the eyes of the middle class in less than two years, and a dollar becomes worth a BENJIE (Ben Franklin $100 Bill) in less than a year, what is a company worth that is losing money quarter after quarter. If it took 100 years to inflate the global market with $600 trillion in debt, and only ten years to wake everyone up because of the Internet, then whoa, you better put your money away from debt ridden companies, and debt instruments, and so forth, because the prophesising has already lopped off $5 trillion in global market value in the US markets alone in the past 24 months, and they didn't name me Gabriel for nothin...sometimes us crazy people have such high IQs that ignorant people want to squelch it, but once you know the truth, you can only do one thing... continue being a willing slave, or set yourself and others free... Yeh, all these pink sheeted companies are vehicles without drivers, or at least most of them are asleep at the wheel. Most of them would be better off if they just asked all their investors to send in all their pennies and exchange them for stock, and the companies would show a 500% increase in book value right off the top. (This is called creative accounting under generally accepted accounting principals). Lord knows the government puts out a trillion pennies a year (they aren't even solid copper anymore if you've scraped one on the cement with your foot lately), they are made mostly out of nickel alloys, but a trillion pennies amongst 300 million people doesn't amount to a whole lot of spare change these days. So yeh, you've got this article in the constitution that says Congress shall regulate the value of money and so forth, and Congress gave it to the Fed Res, which is owned by 12 of the richest families, via their ownership in global banking giants, and you've got one hell of a game on your hands. So tell me you've got democracy when people can't even count the votes correctly, let alone be distracted from the truth...but what if one day the people all woke up and said, hey, wait a minute, you guys have been creating all this debt for the past 100 years, and companies have come and gone but you've got this incredible rigid system of debt and money creation that has unequally distributed the assets of this planet into the hands of 600 billionaires, 10,000 banks, controlled by the Fed, which is controlled indirectly by a few families at best, and there are still 500 million people on this planet that earn less than $1.00 per day...wasabe! So it's all about to change with this thing called technology, and the faster communication moves through the channels created for it, the quicker this $600 trillion in global debt will be converted into equity and equally divided amongst 6 billion humans...so then what will your net worth be couzin?
Founder: The Free and Clear Foundations of Earth, Chairman & CEO Penny King Productions, The Free and Clear Bancorporation, Senior Trustee; The Free and Clear Fund. www.iexchange.com top analyst!
FM, We had a very nice, long conversation this morning. He gives very good advice about reverse mergers. Just wondered since his ad appeared at the bottom of one of your posts. Looks like we might be doing some business in the near future on some exciting projects. 2001 looks like it will shape up to be one incredible year if you are in the right place at the right time. I see GLMC dropped 16% today. Wonder why?
Founder: The Free and Clear Foundations of Earth, Chairman & CEO Penny King Productions, The Free and Clear Bancorporation, Senior Trustee; The Free and Clear Fund. www.iexchange.com top analyst!
Fatt matt,
I am just getting this board under way. I should be able to delegate some power once it gets a little busier.
Thanks for setting up (IHUB) its a great idea.
DC
DC,
Chairman AND Director...?? Are we power hungry? LOL
FM
TPK,
I'm good friends with Steve...what's up?
FM
thepennyking, I don't know much about Southward Investments, however if you want to play the shell game, PM me, I can point you to some people I know, they play this shell game very often... ie, they have more shells than Southward Investments. I don't know Steve Chapman. For GLMC... I think the MMs didn't trash it... and I think most MMs on OTC don't really carry a huge short position... IMHO. Yes, but they do naked short, and some of them are really ass holes.
If you can get a hold with CBQI, then merge it with GLMC = a profitable low float company OTC stock going to NAZ, but GLMC's huge loss will offset CBQI's gain... unless you have a plan to do a major restructuring, as I know you final goal is another thing, GLMC or CBQI is just a vehicle. I mean, yes, if you can get a hold of a shell, inject it with tons of money, then start buying out or merging it with some other companies... then in a long run, you will have a handful of companies in different areas... then if you still have tons of money, merging into other big companies shouldn't be a problem.
and... if you pick your timing right and rush everything... then if the market turns just in time, this might be the start of a new era or legend. I know other people think that you're crazy or something... but if you can really fullfill your goal, I will be glad to help you out... it doesn't hurt to try... though it sounds rediculous.
Good luck!
signed,
Bernard
Do you recommend working with Southward Investments, ie buying a shell, injecting it with cash, and then using it to acquire some of these beaten down OTC companies? Do you know Steve Chapman? I think GLMC and CBQI would make a great merger deal. They key is finding MM's that don't trash your company for the sake of profit, but help build long term value. Figure there are 10,000 OTC companies out there right now suffering because of the shift in values.
Founder: The Free and Clear Foundations of Earth, Chairman & CEO Penny King Productions, The Free and Clear Bancorporation, Senior Trustee; The Free and Clear Fund. www.iexchange.com top analyst!
Welcome Shelley to this peaceful board, waiting patiently for the GLMC discussion to heat up here!
Meanwhile... maybe you can try the method in my last post to average down GLMC when the CORRECT time comes, ONLY... just a suggestion. If you can trade through the ECNs, play the bid ask game is pretty fun too
signed,
Bernard
DC, I came across GLMC because of Wayne.. he seldom posts on RB, but that night, he was battling with the GLMC RB posters... so I went there and check it out what's going on... and got "hooked" LOL
Volume is the key, then news, if there is no news, but you see big volume coming in GLMC, you bet they got the financing. Else wait for the news, and jump in ASAP. Meanwhile, playing the bid ask game is fun (you gotta battle with a few traders you know), especially MMs have given up GLMC totally. Volume and momentum is the key to trading, if the stocks don't have them... it's hard to trade them. So basically I trade all stocks with volume and momentum... then you get volativity.
I made most of my money by flipping stocks, getting in and out. Sometimes, I play the bid and ask game, but not often, as Wayne said, you need to wait... but I don't have much patience.
Yes, I do hold stock overnight... depends on the situation, that's why I won't say I'm a daytrader, because my time frame varies a lot, depends on the stocks and situations.
360Networks is based in Vancouver. Symbol TSIX on NAZ, IPO on NAZ, not from OTC to NAZ NM... started by former MSFT VP... I consider GLMC is a legitimate company as well... there are tons of companies on CDNX are from Vancouver... they can't be all scams. It's just for some reasons (I forgot), Vancouver has more scam companies than other cities in Canada... but it doesn't mean most of the companies are scam bags, just the relative rate is higher. The negative image is being painted by this relatively high rate... but it's not the truth.
I'm glad that you like this site, me too I keep learning new things everyday, and I believe everyone should keep that learning spirit as well!
signed,
Bernard
Bernard,
When and how did you come across GLMC? You posted earlier that you do not currently own this one. When do you anticipate getting in? Are there certain factors which you are waiting for?
Do you make most of your money flipping stocks by way of playing the Bid and Ask game?
Do you ever hold a stock overnight?
Is there any legitimate companies in Vancouver?
By the way, this board is pretty damn cool and I hope to learn alot from some of the senior investors.
DC
Thanks Mike148. That's nice to get a welcome message.
You're right. The next couple of weeks will be very decisive.
Welcome Shelley-Raging Bull was getting to be a pain to follow unless you were into personal scores. The next few weeks should give some direction as to where (or if) Global is going to be a player.
Hi everybody,
I am an investor from Germany. I've been in this stock since March 1999. Even bought more this September when GLMC was at 2$ (never feared it would go this low!). So I have been up and down with the whole thing. Almost lost confidence.... but maybe we'll still make it. I've got mails from K. Shortt too -- usually "We're hanging in there"--- or "Everyone is working real hard"...
Hope this is true.
I am not overly optimistic. I won't get disappointed that way.
Great idea that this forum was started up. There was a public board here in Germany on the net, but nobody has written there since ages! Nothing to write about, I guess.
I am looking forward to looking at this board regularly.
Good luck to all and especially to global media.
Shelley
DC, the OTC arena is not doing anything right now...
This is what I'm likely to focus on today...
http://www.investorshub.com/beta/read_msg.asp?message_id=23865
I post all my bb suggestions there... as well as this board
http://www.investorshub.com/beta/board.asp?board_id=168
Sorry, I didn't hear anything about the financing... well, I can do very good DD if I want, but I'm too lazy, and I like to use my logic to trade stocks. Save me a lot of time to enjoy my life. If Wayne said it's ok, most of the time it's ok... you know, he's just like your professor or something, if you think you're reading right, check his posts, that's the model answer. Though not 100% gaurantee, but I trust him. It's very hard to find someone to trust completely in terms of trading...
Yep, stocks can be undervalued, and guess what, they can get lower than they deserved sometimes. I can get in if I want, but I don't like to wait... maybe I should start to get some here at bid. Since I got real time news alert... and if volumes come in, I will get in... that pretty much guarantee a profit. 0.12 sounds good to me! I don't think we will see the stock in the 0.0X area... simply no way.
No, I didn't invest this board, he did...
http://www.investorshub.com/beta/profile.asp?User=5
and I currently don't work for iHub
signed,
Bernard
Bernard great to see someone else read the news and sec filing the same as me. I have been in this thing for almost two years now and have taken my share of lumps. I really believe that Jeff will keep plunking in another Million if he has to to keep it going. It is just hard sometime to not second guess myself after I read that stuff and then go to that nonsense on RB. It makes me sick to think that some of those guys would say that **** about the CO. when they still have friends working there. UNBELIEVABLE.
I anticipate the financing coming from Yorkton Securities. They stated something to that extent in a past SEC filing. Have you heard anything in regards to this?
Why would you wait to get in until after the news of the financing? How much lower can this thing go. I see it bottoming out at 12 cents. If they get the financing this thing will be pumped up to a dollar in no time.
Thanks for your response. This is a pretty cool board. If they get their financing all the longs wil come back out of the woodwork to RB and I will post this link so that we can get rid of the bashers.
Looking to possible dabble in a little more at 12 cents.
IF YOU HAVE ANY OTHER PENNY STOCK RECOMMENDATIONS PLEASE FEEL FREE TO POST THEM ONCE IN A WHILE.
One last thing, Did you invent this board???
DC
Thanks for the confirmation, so the company still knows what's the current priority, good to know that.
signed,
Bernard
FWIW-Emailed the company this morning. Ken Shortt's reply was that the number 1 priority was continued financing and that they are still in the game.
Yep, it's either WorldHockeyNet.com has done enough DD... or they know something we don't... again, no confirmation here, but there are lots of indications about they will get the financing. Or maybe they sign more deal, they will get the financing more easier?
signed,
Bernard
Some news but not sure how much substance with a quick glance.
http://biz.yahoo.com/prnews/001121/globalmedi.html
DC, I read it from the news that they will get the financing. Since we are now far away from traumkeks and others's distraction, we might have a clearer picture here.
Let's put it this way, if we are simply speculating the deal, with no fact so far on the positive or negative side... we shouldn't bash a company or hype it.
The only negative speculative reason:
If the 0.5M big selling after the news about it can last till Christmas was sold by the management, like Jeff and people.
We can't confirm that, so it's nothing to me, other than panic selling and short selling. The people on RB are saying the IR can't explain the preferred shares deal... it's very common, because they really don't know. I have seen gazillion number of brokers who don't know what they are doing... don't know this, don't know that... <ggg>. Well, it can be true that they are hiding something, but what should be said was put on the SEC filings, right? The IR should try to explain the deal, but they don't have to theoretically.
The positive speculative reasons:
Standard Radio will like to put in an extra million just to let GLMC to live a month longer, who will be that stupid? We are not talking about traders here, companies invest for big longterm return. Consequently, this short-term financing is used to buy some time for the big financing, due to the paper work and stuffs, IMHO. Even if you don't consider this as a positive speculation, what makes it a negative one? NONE! Except the crying babies on RB. What would happen when newbies see those negative posts? They panic, and it doesn't matter if the stock price jumps or tanks... they got panic right after reading the bashers' posts. Why? because they don't have enough knowledge to justify the current situation.
Jeff and people, they have to put in their own money for this deal, so getting their shares unrestricted should be understandable from my point of view. What if GLMC couldn't get the financing, then they can protect themselves... people are selfish by nature IMHO
Positive fact:
"I hope that the current investment by the Standard Radio group and myself signals the confidence in and commitment to the Company that Standard Radio and I feel. We also welcome David to the Board and thank the outgoing Directors for their valuable contributions."
Read what it's been printed on the news and SEC, they haven't sold their shares, so you have to believe in what's on the PR, because if they are misleading, they will get into trouble.
I understand that the long downtrend might have made certain investors being skeptic about the company... however, if you have already thought that the money on GLMC will be used for tax loss purpose, then why don't you wait till the end and see what will happen? It doesn't make any difference now, right? Try to detach yourself from where you got the stocks, try to think what's going to happen next, and what's happening now!
If the management did sell tons of stocks, I will short it, because they deserve to go to hell... only if...
What's the downside now? If it is just a gamble, it has a better odds to go up much more than go down, true? Then why panic? If they can't get the financing, short it, and make some money. When they get the financing, I'll jump in right away, provided that the price hasn't jumped before the news. That would be my trading strategy.
Price target... I don't like to give price target... but if they get the financing, a 100% jump from here won't surprise me.
Hope this helps.
signed,
Bernard
Bernard,
What makes you think they will get financings adn if they do what do you antitipate the price could move to?
DC
GLMC has broken the 13 days moving averages since the last spike to $0.5. The drop comes with big volume, in T/A that's not good. However, the volume is getting lower and lower as we are approaching the next bottom, maybe 0.18 is the bottom? I don't know for now, I think we maybe have a short period of consolidation before the next move... up or down. I suspect that consolidation period will give us the bottom, as I believe they will get the financing. So I'm now trying to combine T/A with up coming events...
Hope this helps.
signed,
Bernard
Bernard
I'd be curious as to what you see in the charts now. I thought the bottom was at 1.2 but apparently figured that one wrong.
Mike
Thanks chicago9, now we can have more serious discussion here. Feel free to delete useless post here, including mine.
I don't start this board because I'm not a long, don't want to get through all the trouble to transfer the chairman title etc.
Name blazman the director after he joins, if anyone thinks the chairman and directors are crooks, complain to iHub. We can take a poll on this thing.
Whoever you think are hypsters and bashers, delete their posts, delete all the argument posts amongst odem, traumkeks and me. Delete profcap's posts as well! Whoever thinks that his/her posts shouldn't be deleted, complain to iHub. They have special sections dedicated to troublesome people like traumkeks, odem and me LOL.
Now, simply transfer the whole RB posters to this place, then you can stop going through 50 arguement posts a day with no substance. I understand your situation, hey, I have to get through all the trouble to "attack" traumkeks, and feel like wasting my time. Now you can regulate the quality of GLMC board, simply post this link on RB and tell people to get here
I currently hold 0 shares of GLMC, but always looking for a chance to get in...
signed,
Bernard
Welcome to the Globalmedia.com Investorhub.,
I dedicate this board to my good friend Bernard who spends way too much time on the internet researching and trading stocks.
Please feel free to post your opinions about Globalmedia.
DC
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