Great Basin Scientific Inc. (fka GBSNQ)

[naturalborninvestor]

already proved wrong

falling from a high of $15.54 on December 1st to a low of $3.33 yesterday, a drop of nearly 80%. Based on the closing bid price for the Company’s common stock on December 1st, if all of the currently outstanding Series C Warrants were exercised pursuant to the cashless exercise provision, the Company would issue less than 60% additional shares. This implies that the selloff resulting in an 80% share price reduction is well overdone; the effects of the remaining Warrants have been priced in and future upside in share prices is expected