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What was happening this morning and still may be. Some couldnt get bids filled above the ask!
May 10, 2008
Pink OTC Markets News Service
"We have witnessed our share price decline in less than 3 months from 2/22/08 $ 1.051 to 05/09/2008 0.009 cents, while our supporters and majority shareholders were being handcuffed and unable to offer any support.
"What we mean by handcuffed is that almost immediately from the time GLCC began trading all of the "on line" trading platforms refused to accept buy and sell orders."
the Q should be coming up also!
you can receive the divy. Either the .10 or 8x closing day of the sale! Whichever one is higher!
yes... among others....
Found this it might help you...
"For some reason this is showing up on my Scottrade account as me having some stock in this. It is for the same amount of stock as my MONA. I cannot find anything on this stock or a name change for MONA. Anyone have any word on what is going on?"
"It's the Good Life GLCC dividend that EFGO/MONA issued. It's to my understanding that GOLIF is just Scottrades way of abbreviating the name of the dividend. I believe the restriction is lifted on July 8, 2008 or sometime around then."
the july 9th date is just for the payout of .70 for the shareholders before february 1. The payout of .10 is for shareholders after feb 1 until the day of sale. Which has not happened yet. Which could either be .10 or 8x closing day value of sale (whichever one is bigger)
were not trading a shell. It hasnt been sold yet....
bam look at it go!!!!!
this number would not include the illegal shorts! (naked shorting)
Yes I cant explain it. I have no idea why it isnt at at least .10 now. I expected it by yesterday. Maybe they are waiting for the buyout to finalize. Pre-market trading will be golden that morning. Thats usually when the company is announced and the stock skyrockets toward the buyout per share offer!! Unfortunately I dont think many of us have the ability to do that. Maybe they (fund managers, investor groups, etc) were confused too. We all know how many of us on here were confused and we confused each other even more. Don't you think the same thing happened to them too?
“every problem is an opportunity in disguise…” Ben Franklin
I dont know. I am assuming they thought it was clear in the pr. Furthermore, after I thought about it why wouldnt it be the higher of the two values. But your right, no one knew what value was going to follow through. One confused thought lead to another, and even made the ones who understood the pr to not understand it. Mass confusion evolved within minutes which lead to no buying the following days. I really dont think the word has spread to its full capacity. Unless you use I hub or know to consistently check pink sheets, you wouldnt know. I wouldnt have known. I would still be in the dark. But anyway, I hope that for further understanding of the matters they will release another pr.
I would have bought yesterday and today had I had more $.
Well I was trying to copy the email as a screen capture but I cant upload it to ihub like I use to be able to? So here is the text copied directly from the email.
Not sure how many posts I have left for the day so have a good weekend if you dont here back!!!
On Fri, Jul 11, 2008 at 2:28 PM, ------ wrote:
Is the second class of shares issued going to be the higher of the two values on the day of closure. The higher of .10c or 8x the value.
Best regards.
On Jul 11, 2008, at 4:00 PM, Corporate Account wrote:
either or. the higher of the two
yeah how do I upload images I cant do it like I use too?
corporate said either or. THE HIGHER OF THE TWO
just send them an email
FYI
its going to be the higher of the two values of .10 or 8x closing average on the closing day of sale
a buyout is a buyout, they wouldnt sell glcc for less than its worth. It doesnt provide clause that the buyer would be driving the price down, we all know its way undervalued to begin with and so do the owners of GLCC. They wouldnt base the sale of the company on their stock price that is way undervalued. They hold the final say of the sale!
for those of you that think there is a problem-
“every problem is an opportunity in disguise…” Ben Franklin
yeah ill agree... Call it a gut feeling or whatever you want, but a big "good" surprise is in the making
yep, that fits in with my theory too. They ( I assume there are still shorts) are driving the price down, scare people into selling so they can grab those shares (super cheap) to cover, then buy "a bajillion shares" to watch it go sky high!!
Just think if you were an MM or were short what would you do?
I bet the MMs look at this board. I bet the shorters do too. Of course the longs do!...Imagine what would happen if no one posted any bias, opinions, or buying practices just for 1 week on here......... the stock would do what its suppose to do!!!!!!!
now if we just knew when the next good buying point would be? NOW, but dangit I cleared out my funds tuesday, I am sure you know on what! I am not going to have food $ left LOL
as I said earlier today I dont see how we couldnt reach .10. Buy right now to get .10 for .013! Its over 7 times profit. Or it could be more with a 8x closing day. BUT A BIG BUT, you will get this in %5 increments over the next 18 months. THATS WHY I FEEL A BIG BUYOUT IS IN THE PROCESS. 5% over a year and a half.... remember....but A chance at a BIG buyout.... I am more confusing than everyone else is on here LOL
They are still buying a growing chinese company that has a good possibility of being bought by another company.
great amusement...
LMAO. ROTF. IM DONE. I am just going to watch and read. Add some input every once in awhile.
Dont you think that if GLCC was in fact bought out by another company yesterday, we would not have opened today still being able to trade our shares at the price we closed at yesterday under the same ticker and no account changes.
Yes right now the stock price is less that it closed at yesterday. I think the price of the stock will go upward above .10 and will be sold above .10 per share. GLCC has a lot of potential and a lot of assets already. I am sure someone will argue against this, its just my opinion based on my research on the company and where they are headed.
No the closing day is the DAY OF SALE, not yesterday.
yes but that leads my imagination to run wild as to what the average could be on closing day. Plus, then getting only %5 of these shares in increments over 18 months. With these numbers, the %5 over 18 MONTHS, suggest to me that this is going to be HUGE.
ok i was just pondering the two numbers .10 or 8x closing day average on day of sale. Assuming we get the bigger of the two values (otherwise the two numbers together are pointless) how do they come up with 8x closing day average?
there is still the buyout...
Exactly.
morning everyone, ready for an interesting ride....
so as I understand the pr, GLCC will still be trading except the shareholders after feb 1 will get about .10 cents per share (AKA free trading shares) they had as of EOD today. Does this sound right?
yeah i had a big chunk of mine in there too!
if thats the case i bet we see .10 tomorrow because everyone in the world will want to get in. So I think today would be the day?
ALL SHORTS ARE OFFICIALLY SCREWED. THEY WILL HAVE TO COVER LIKE CRAZY NOW!
Thats what I got out of it?