Great Basin Scientific Inc. (fka GBSNQ)

[904Mish]

GBSN - The facts scream BUY! BUY! BUY! Here is why.[color=red][/color]
First Off the stock has been decimated over the years and has fallen to an all time low do mainly to shorts relentless attack and company issuance of more shares, The shorts trade to a familiar pattern, they allow a run up in a stock for about 3 days and after the fourth day run first thing after opening bell, usually 30 - 45 minutes later they short heavy not allowing the stock to create a second higher high. This starts a technical downtrend that creates additional sellers to place added pressure on the stock selling their shares to preserve profits that turn into losses and then extreme losses if you were a buyer at the top. If the buyers can not prevent a new low then the down trend has been confirmed and additional selling (profit taking) will occur. Now the shorts sell heavy creating a landslide that ended up in the Friday sell off of 42% which by the way stopped at the fibonacci retracement of .618 where buyers and the market maker stepped in and a closing price of .004, The short sellers are fully invested at this point and have not closed their positions of over 90 million shares. The trap is set.
So what does all this mean?
Well funny you asked, in a typical scenario, the shorts would be correct to assume the stock will continue to sell off but in this case there is a Reverse Stock Split on April 10; Stock Symbol Changes to GBSND for 20 Business Days. This Is a 1 share for every 2000 share reduction. That means if you held 2000 shares you now hold 1 share but at a higher price of $8 dollars. Why would a company do that you ask? Well funny you asked but there are several advantages and one major advantage, let me explain. First, the split reduces the amount of float from 1.5 billion shares to only 750,000 thousand shares. That in itself is a small amount of shares for a public company. Factor in that about 1/3 to 1/2 of all shares are not actively traded and that reduces the amount of shares that can be actively traded to between 375,000 and 500,000. That is a very small float [color=red][/color](shares that are traded often), now if you can do the reverse split at the same time that there is increased demand for the shares such as the good news for GBSN such as. FDA 510(k) Premarket Notification - Effective 3/31/2017 - Great Basin Scientific, Inc. - Bordetella Pertussis DNA Assay System: https://www.accessdata.fda.gov/scripts/cdrh/cfdocs/cfpmn/pmn.cfm?ID=K170284
And Fourth quarter revenue increased 39% year-over-year; 2016 revenues increased 42%[color=red][/color]
14% reduction in net cash used in operating activities from the third quarter to the fourth quarter of 2016
34% reduction in fourth quarter G&A expenses leads to 4% reduction in total operating expenses compared to third quarter
Quarterly gross margin improved 42 basis points over third quarter to best level of the year
Percentage of customers using more than one assay increased 17% quarter-over-quarter and 81% year-over-year
Now the main reason to BUY GBSND[color=red][/color]
The hedge funds and large stock buyers were not allowed to trade stocks under $5 per share, so bringing the share price up to $8 per share along with reducing the total shares in the float to a ridiculously low amount combined with resume trading on the nasdaq exchange with good news and more to come of an additional FDA approval soon which will create additional revenues combined with the timing of 4th day sell off trapping all shorts and reducing the amount of sellers (they have already sold) creates the perfect storm and bear trap. I believe there could be a run to between $16 to $36 per share within days so hold your shares or buy on any dip in stock price come 4-10-2017. Remember the Stock Symbol Changes to GBSND for 20 Business Days, depending on your broker you may not be able to trade your shares the first day of the change.