GEX Management Inc (GXXM)

[Euripides90]

GEX was looking-out-for-shareholders:IF Setco had-gotten-Unrestricted Shares and dumped them into the market immediately AS THEY STATE IN THE SUIT THAT THEY INTENDED TO DO - they'd have likely crushed the PPS and hurt Shareholders. GEX management looking out for shareholders and its value is what it is supposed to do so Setco seems to not have understood the situation - even the worst toxic lenders are typically restricted to not being able to dump shares for a year or so and then often on a limited time schedule (as GEX's other debt holders).

Honoring those conversions has meant we have an Unrestricted O/S - Approx. Float of under 300M despite the volume WHICH IS EXCELLENT.
Management has stated an intention to only seek and accept more conventional financing going forward - NO R/S - GOOD FOR SHAREHOLDERS.