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Re: drczer post# 13321

Sunday, 09/15/2019 12:19:32 PM

Sunday, September 15, 2019 12:19:32 PM

Post# of 13571
I'm not sure how you came up with your statistics, maybe you can explain it further. Don't forget while you are doing your computations that GLEC only owns a small position in GECO, certainly not the whole thing. As GECO and Castleberry struggled the past few years trying to get us to the point in which we are today, much of GECO was sold or leveraged in order to pay some rather large bills to include rent, machinery repairs and purchases, raw material, bagging design, salaries, bagging and transportation costs, etc. This outside money was absolutely critical to the survival of GECO as well as GLEC. Those individual investors, who have taken a ton of risk and effort, were compensated in shares. The result has been two fold. 1. GLEC shareholders have been diluted a bit and 2. GLEC is still alive, still has a strong heartbeat and GLEC has never been closer to strong and sustained revenue than it is right now.

Please redo and post your compensation (or any of you others do the same), this time do it as if GLEC owned 10%-30% of GECO and see what you come up with (I don't have any idea what the actual number is).

Remember this old investing adage: it is better to own a small piece of a watermelon than 100% of a grape.

Do your homework - hope is NOT a strategy!

Maddog