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Re: Geryon post# 19789

Friday, 09/27/2019 10:45:52 AM

Friday, September 27, 2019 10:45:52 AM

Post# of 33157
It does seem that, with the promotion, someone had some shares to sell. In the last two weeks there have been just over 60 mil shares traded and that is more than usual volume. However, it's not unusual for someone, perhaps even the company, to sell some shares to raise money; in this case it looks as if they raised about a $1,000,000 dollars; does anybody know who paid for the promotion?

Anyway, I don't see this as a bad thing: whoever is selling clearly doesn't intend to tank the price, besides; get those shares out of the way before the really good news hits. Moreover, if the company is raising some money; what do they intend to do with it; perhaps they will buy two more large extractors with that million bucks. smile

Now, there is plenty of good news coming: I believe the final inspection will get done this week, next week we will receive the Certificate of Occupancy, then we get to turn on the oil spigots and that means we are finally manufacturing... And that my friend is what Global was born to do, manufacture!!!

Bottom line, with 3 CO2 extractors coming online, right out the gate we will be producing 15 liters X $8,000 = $120,000 per day, $3,600,000 per month, and $10,800,000 per quarter. Then when you add $500-600k from Infused, perhaps another $500-600k from Tahoe distribution, if they come online next quarter, then we are looking at, potentially, a $12,000,000 dollar 4th quarter and that is a terrific way to end the year, woohoo! Go $GCGX...