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Tuesday, May 13, 2014 2:03:43 AM
So we have two possible endings here that I can see. One is that the SEC halts this shell in operation shell expel. The other is that a new company does a RS to get rid of the existing shareholders. Even if you think a new legit company is taking over, it is best to wait until after the RS and following dilution to raise capital.
If you are playing this as a lotto play, knowing that an inevitable RS or halting is coming, and simply hoping that you can sell on the possible speculation spikes, remember that the spikes are getting weaker and weaker and so is the volume. Many of the original speculation posters do not post here anymore, which indicates that they probably dumped their shares and have moved on. The lower the volume, the more difficult it will be to unload your shares even if the price moves where you want it. It is unethical to leave this kind of information away from new investors. There are many better investments out there. In fact, I believe if you put a list of all of the investible stocks on your wall and threw a dart you would be better off than buying GLGT.
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