Global Gaming Technologies Corp. (BLKCF)

[Imperial Whazoo]

I think that there may be a lot of selling because the sellers are making a decision to hold onto 1/2 of their shares. They are expecting the split to happen when the meeting rolls around. My read is that folks are willing to take some money today because they can trade other stocks during the intervening time. So, if they had 5000 shares, they ended up with 10000 recently, and there has been a price decline because folks are selling 1/2 of their positions, leaving (using my example) 5000 held. They appear to expect to get shares in April. At that time. i expect there to be more selling of 1/2 of those positions.

The only way selling on this scale is not going to be the path of prices in the next 2 to 3 months is if the company gets proactive and announces excellent profit numbers and money matters that are strong enough to ward off the inevitable selling. Having watched the company operate thus far, I think the company is a solid player in a lot of really cool deals, but the effect of the PR has been to crater prices until something substantive shows itself to be true in one or in several of these deals.

Thats my read, anyway. Its a case of "bird in the hand worth two in the bush", and unless there are emphatic statements of REAL company strengths, the plan that was laid out in the PR is actually generating our present weakness.

Now, I'd appreciate it if I'm informed by some of you regarding some kind of problem in my understanding of the splits and the timelines and my conclusions about the effects. I'm a bit confused, as are a lot of people, because somehow the plan as described in the PR is confusing.

Does anyone have any other ideas? I welcome being corrected if I'm wrong. I welcome being told I'm off the path in some way.

Imperial Whazoo