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Friday, March 23, 2018 11:12:12 AM
The last SEC filing was for the third quarter of 2016, yet the price went down below the two-penny level and is now up to the ten-penny level for two days so far.
For that, there is ONLY one reason. Before the last reverse split GERS diluted the hell out of it.
Look at this link: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=126571953
And this link for a history of previous reverse splits.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=123077010
On April 4th 2017 GERS performed the last reverse split. Since then, there has been no sign any more of dilution.
Before that, the dilution was so high that the price could only go down. But the R/S brought the float back to 20 million, which hasn't changed since then. And since most who hold these 20 million aren't willing to sell, there is little pressure on the PPS. Yes, some might get fed up waiting on the outcome of the litigation. And some are in it for the small profit. But the largest past of these shares are held by people who know what is at stake, and who know why to hold.
A few came by and jumped in after learning a bit about it. But they often don't know it might take more then a year. So if there was another stay announced, price dropped a bit because those sold. Making it possible for others to get cheap shares. These are the only moments that you's see a bit larger volume moving the PPS around. The rest is just people playing with shares, like fishing...hoping someone gets nervous and sells.
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