Followers | 63 |
Posts | 3193 |
Boards Moderated | 0 |
Alias Born | 02/21/2014 |
Saturday, August 31, 2019 1:03:14 PM
Part of the financing deal in May was the retirement of approximately $160,000 in remaining toxic debt, which was convertible at a price of $0.008 per share by the holder of the note.
This was absolutely necessary to avoid the potential for massive share dilution in the future, and something that the new investors were obviously very concerned about
Just prior to the new investor group coming in to provide working capital, and pay off the convertible note, the holder was able to do a small conversion at the $0.008 price.
Those $0.008 shares, most likely, represent the shares that are now being sold into the market during any attempt at a sustainable rally after good news is released.
Once the liquidation of these shares is completed, and the overhead supply removed, GLUC shares should be able rise in price as a result of any new demand for common equity by investors.
These converted shares are merely a short-term impediment, and should be viewed as providing an opportunity for long-term investors to accumulate cheap shares of GLUC for potential future appreciation.
"All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident." ~ Arthur Schopenhauer
Recent GLUC News
- Form D - Notice of Exempt Offering of Securities • Edgar (US Regulatory) • 12/07/2023 07:58:40 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM