GlobeStar Therapeutics Corp (GSTC)

[gempicker]

Well, as speculated the huge volume surge was indeed driven by Equine/Atwood exiting positions. Conviently, helping the conversion price of those tiny notes..


Curiously, the amount of shares sold are much larger (I think) than initially reported from Equine. Makes me wonder how large of a position was Equine acquiring/accumulating???

Timing of the exit at both the 52 week low and in Feb. makes me believe this is some type of forced exit. Even if you did not believe Diabetes Relief merger could consummate, surely a position bordering on 15-20% equity stake could influence some other viability into this essentially shell.

Goes back to why all the verbiage and notation about Atwood in the shareholder meeting notes. In all my penny stock experiences, I haven’t noted a micro company appear so pissed off that a major fund entity acquired a large position in your stock! I suspect that removing an activist investor would be a pre condition to a M&A candidate they are targeting or why else all the concern to announce as they did..

Anyhow, looks like a major change of control in stock ownership this week with Equine exiting in combination with dirt cheap conversion shares, maybe now this entity will do something significant. M&A is the only path. Anything related to the other garbage business ideas is a sure loser.

Here comes March!!!