1st post here. Been reading for several months, and nearly bought in at 15 cents several months back, watching this thing rise to $1+, so my interest was piqued, obviously.
Nearly bought in at 90 cents the friday before the suspension, with the only thing saving me being Ameritrade not allowing opening transactions via their trading platform, phone only.
So, I have no agenda, but I do have 2 questions I am hoping to find some clear answers to.
1 - the latest PR has quite a bit of verbiage that I find less than straightforward. "Consents" from lending institutions? "Take over the operations"? Given the scrutiny due to the suspension, wouldn't this be a really good time to be crystal clear as to how the deal is structured, with things like who got paid, how much, where the money came from, and any other terms to shed more light rather than less on what this means to the shareholders of GTGP, not some sub that has some ill-defined relationship to GTGP, which may or may not be yours as GTGP shareholders? This may be crystal clear to others, but I work with contract evaluations on most days, and the way this PR reads sends my "????" detector into motion.
2 - In general, given that GTGP is trading at 80%+ off from its pre-suspension highs, and the MSE acquisition is "complete", why wouldn't folks here who are long and are believers in the GTGP story be loading up, as in empty the accounts, sell the furniture, refinance the house type of buying? I would think this would be the buying opportunity of a lifetime, the "golden tickets" as I have heard the shares called. As of 11:20 today, exactly $8000 of shares have been traded. Maybe folks have all the shares they would like to own, their core position. But if I believed that this thing has legs, I would be getting greedy, to the tune of literally accumulating as many shares as I could possibly afford and then some.
Thank you for reading.