If Larry was diluting, do not think he
would in interview be specific on share count. He stated that 100 million of 400 million would go preferred, leaving 275+-M and 35M float. Also stated in interview he has the money rqd for China project and there will be no dilution.
Again, doing DD on the level II trades the last few days shows uptick bids being passed over and asks taking the lower trade price. IE-126K shares @ .0055 was passed over and a trade for .0049 was taken. Consistent pattern over last few days and weeks. You are correct that this stock is not trading naturally because MM's bs. Plus, small investors selling off, not wanting to wait for 8/2 awesome PR. pending. The naked short position is what I am interested in come 7/26 with Sho list. With CEO asking for all investors to register with EQBM share count,to me shows wants to go after the naked shorts.
The Dalian project was signed within last 10 days per DAK website w/ EQBM. The PR out from EQBM estimated revenue from project at $19M
a year. With +-300M shares =.05 share price net. 9 times what pps is now, with just this one project. Yes the Red Lake project eng. reports are pending. Traders bashing the stock saying that the Red Lake #s are late. PR on these #s will coincide with PR 8/2 confirmed on Dalian project, in my opinion.
The China project is the biggee!! Plus, just using T/A, technicals show CMF is pushing positive and all indicators show ready to pop.
GLTY. Opinion only, not a buy or sell recommendation.
Best Regards.
