GD Entertainment and Technology Inc (GDET)

[Toxic Avenger]

"for undisclosed terms. "

Therein lies the problem. Could have been a billion shares. We know it wasn't cash, since Donini had none.

The fact that nothing has been disclosed, suggests it's a lot of stock and I'm betting a lot of that got dumped today. Looks like around $80k sold off in some big trades today. Even if one group bought it all, I question how much is still held (or will be issued).

As of 11/21, they had about half a billion shares outstanding. If they only issued another 500 million, the market cap at $.001 is a million dollars. Pretty rich considering the company has few assets, no revenues, and owed (net) over $1 million at their last filing.

And again, for all anyone knows, the "undisclosed terms" could be 10 billion shares. There's a reason they didn't disclose it.