Thursday, February 18, 2021 1:33:01 PM
Less than a year ago NASDAQ kingold KGJI was $1.66 and anti GNGR bashers said GNGR could never compete with them.
Kingold decided to take out $2.5 billion in bank loans secured by their gold bars in inventory.
When Kingold did not pay on the loans, the banks went to sell the gold bars only to find they were gold plated copper.
The stock dropped down to $.10 cents.
Today GNGR's market cap is 7.65 Million
(with 108,000,000 in the float)
And Kingold's market cap is 1.89 million
Even SIGNET (Jared and Kay jewelry) stock tanked from $140 down to $5.60 and is still struggling to recover at $42
GNGR is the one to watch. That is unless you like losing money on those other NASDAQ decliners.
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