I dont want to be the negative nancy, but this was just recently pumped. Thats why we saw the massive volume the last few weeks.
They really didnt give it much to breath.
idk how many people are really interested with it at these levels, with the type of financing they are using.
I wish everyone the best, just my observation.
I do hold a position here, but it was a lotto play to begin with for me, so only a small percentage of my total working capital.
I want to see it go up just as much as the next guy, this is just the type of death spiral you see RS then all volume dry up totally. Ive seen it happen many times.
I get sketched by these plays because of old BRGO, thats where I learned my lesson over a year ago. Jewelry company on shopNBC, was in a few large jewelry outfits in the States (I believe Kays), but he just couldnt get enough of the toxic financing. Ran it to no bid, 0001 then did an RS, and the stock just stopped trading for the most part. I havent done to much research on this CEO, so maybe hes not as grimy.
But the reality is that the past doesnt repeat itself, just rhymes.
We could see something great, just past experience tells me its unlikely.
It wouldnt be the first time I was wrong though, and that would be a great surprise :P
When it comes down to it, The Wild West is all about rolling the dice, or who you know. Gotta wait and see if Lady Luck is feeling us or not, or maybe someone I dont know with deep pockets has some plans for this possible gem.
and for the record a gem in my book has nothing to do with the companies profitability or filings (although they can be a catalyst). It does however have everything to do with the % I can gain by trading it ;)
GLTA
