Wednesday, January 27, 2016 5:53:37 PM
Seeing how they have already converted more or less than half of their debt into shares and sold them on the market, there should be roughly 1-1.5 million left at most.
Seems to be a positive for GC so far, now for some kind of announcement that all the Toxics have been bought out, and the new Series H holders are forced to hold for at least 7 weeks. Which also leads me to believe that GC has another plan to have the additional financing completed prior to he 7 week deadline.
2.5 million is not significant at this point, but it does keep the lights on for other possibilities. It carries them through till mid March...
If the toxics are all cleared, the market will stop being flooded with shares, and we could start moving back towards the 50 DMA and possibly the 100 DMA.
Time will tell, but looks like some great buying at the end of the day.
Best of Luck Everyone!
In My Own Personal Opinion Of Course!
Long AMBS!
In My Own Personal Opinion Of Course!
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