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Friday, August 02, 2019 10:41:02 AM
This stock doesn't qualify to be listed on the NYSE or the NASDAQ. It isn't required to provide three audited financial reports every three months, and this company is only doing what it's required to do under the Pink Sheet requirements. In addition, there's no recent news from the Appeals Court, whose rulings in the ongoing lawsuit could dramatically change the price of this stock.
The reason for the trades that are happening in this stock, which often change the price, up or down, by more than 20% in one trade, is simple. There are some inexperienced investors and potential investors in this stock who are willing to take an almost pure gamble with a few hundred dollars with the goal of making a profit on that tiny dollar amount. These people are gambling (that's the accurate word for it) with a few hundred dollars, sometimes less than $100, and that's why we get any trades at all in GERS stock.
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