Thursday, September 12, 2019 12:10:06 PM
It amazes me as well! This is what makes this ticker interesting to those who DON'T believe the bullshit Kool-Aid story. The fact that the stock price has been propped up around this price range for some time now shows that there are a lot of shareholders still holding, hoping and praying GIFA follows through with favorable financials. These shareholders are obviously patiently waiting on what they think will be stellar financials, showing a bunch of subsidiaries making a large amount of revenue. Due to the many Red Flags that have been discovered here so far, many of these shareholders will most likely be sorely disappointed once the company actually releases said financials, because they will probably end up falling short of what was promised as far as company/subsidiary value. What's even worse is if the financials show any type of convertible notes/dilution of any kind. If that happens, I expect this to tank really quickly as these shareholders look to get out of their positions ahead of the noteholders.
I believe the company is patiently waiting on convertible notes to mature before actually becoming current. Once that happens, the noteholders will start offloading their shares, leading to what I believe will trigger a major sell-off here. I truly believe all this delay and propped up price action is to maintain a certain stock price, so when the company DOES finally release financials, noteholders get paid for all the "services" they provided at a favorable stock price.
Obviously all the above is just my opinion, but based on all the red flags associated with GIFA, I believe nothing good will come of this merger, at least not for common shareholders.
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