Well, another day on IHub.
Those claiming that 1 cent would fall easily and then the share price will "fly."
Those claiming that the 8K needs additional detail and that the company is significantly altering its date of scheduled entrance onto credit trading markets.
Shaking My Head.
I don't know how many times I have to say it - and every time I do, I'm proven right - 500 million shares prevents any "flying" share price. How many shares do you figure have changed hands around a penny. I say at least 30 million and here the sp is still stuck at the one penny huge resistance point. And as I have said before, 2 cents will be a bigger fight than 1 cent. And as I have said before, I can not imagine a scenario occurring in the next 3 years that would send the share price above 10 cents, and that is being generous in my valuations. 5 cents is probably the more likely upside target in the next several years. But you guys go on thinking about a "flying" stock.
The latter faction is equally misinformed. I know in fantasy land, GLEC is expected to issue weekly updates through its fully staffed PR Department, make all filings timely, maintain production schedules, and regularly improve facilities and equipment. Yeah, right.
Reality: The company had to choose between completing the registration process, which required an appraisal and upgrade of equipment, or maintaining its reporting status by timely submission of filings. It couldn't do both, In fact, it had to rely on a 3rd party source to do one.
Now the company could have allocated its meager resources to the auditors and it would have had another quarter of timely filings, but would still be on the pink sheets and still be without any revenues. OR it could allocate that money to the appraisers and to the purchase of equipment that would enable a ramping of compost. Doing BOTH was impossible.
Perhaps some people don't understand the definition of "impossible." It means only one of the two options could occur and in no circumstance could they both happen as of today. Maybe some more money will appear in the next several days which would allow the company to pay its auditors but the decision had to be made last week when the appraisers had to be paid. Is that difficult to understand?
The appraisers were in Castbleberry for 4 days and I believe they were duly impressed, particularly since production, with the assistance of several more windrows, was clicking on all cylinders.
The company can not dictate a "schedule" to the Gold Standard or to the appraisers. They dictate to the company. But ya'll go ahead living in the world where the company can just click its fingers and demand market inclusion.
My best guess is that everything will be complete and revenues actually realized within 2-3 weeks. Can I guarantee that? Of course, not. Nevertheless that is my belief based upon what has been done and what needs to be done. My belief concerning revenues is centered around my feeling that the company will have at least one arranged trade prior to actually being admitted onto the Gold Standard.
So you guys go back to doing what you do best - making grandiose predictions of a stock that can't be held back, or fretting about every conceivable thing. Me? I like what the company has done and is doing.
AI
