Tuesday, July 11, 2017 10:15:54 AM
It lost another 1% yesterday.
And for some VERY odd reason, GETH traded up on both days.
Going back to the Cenco deal (and like all deals before
and after, NOTHING happened)...
I recall that Cenco had the option of stopping operations
of the tires-to-oil plant (which again, never opened it's
doors), if the price of Brent fell below $62.
So, at that time $62 was the break even point.
We are WELL below $62/barrel right now. And even though the price of Brent fell both Fri and Mon, GETH shares gained.
And today of course it crashed out of the gate.
So I'm guessing that it was just a cash grab.
This whole thing STINKS!!
Bring on that press release.....
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