GulfSlope Energy Inc (GSPE)

[MktMvn]

Well, it’s now official - GSPE is a (1) penny stock. A buck will get you a hundred. Hope they weren’t counting on selling stock to raise drilling funds! It’s ludicrous to see almost 2 million shares traded in one day on a stock that is trading for less than a penny a share. It is a truly odd situation. Who in their right mind would see this as a worthwhile investment? Or even know it existed? I know why I own it, but I have a lot of detailed knowledge from following it for years. Is it all insiders that are trading this? If so, a bunch of them are dumping it. It’s truly weird. I can’t imagine where this is going to end up. We’re approaching zero asymptotically.