Ronnie-Good Morning. Enough BS. I have supported mgmt. and stock w/real revenue and .053+ pps value w/current O/S and float. Plus, huge near term sell out of first 2 shipments of stones, with projected total rev. of $1.6M monthly/$20M+ annual for a co. w/ only 380M O/S, 138M float.
However, fridays pps direction shows another example of mgmt. since merger; not expanding continuing strength by being proactive in PR's, and control of bs munipulation of stock's pps by MM's. Why? Without any bs hype, momo; value of pps after merger should have continued to be strong after short term drop of profit takers to .028. At that time, merger was new and projected success a what if. Since then, for a co. to have sold out first 2 shipments @ +-$3M in revenue over 60 days and reduce O/S count to only 380M, w/138M float-Great real #s. And pps still weak, MM's in control and pps trading @ 1/10th of real value. Absurd!
In pinks, either co. creates/establishes value and "interest", thereby creating momo and pps run,or is subject to bs play of MM's working weak hands. No excuse for pps a few days ago trading @ bid/ask of .007-.0075 w/larger buys coming in to not continue. Reason for weakness. Not enough interest and comfort level (regardless of real value) to continue pps from .0075 upward w/ increased volume. A sense of uncertainty was allowed to be established since merger w/bs office opening delay and no real response from mgmt. Again, OHHHH, so frustrating, how can a co. worth .053+ with continued strong PR's, share reduction, and real revenue near term, wallow at this level. PPS down only because wheres the increased demand trumping the MM's working weak hands. Once real strength w/continued inc. buy volume occurs, MM's only course of action is to run w/it.
"Ready to drop bomb", hey mgmt. just step up and establish once and for all your real worth. Enough said.
Best Regards. Not a buy or sell recommendation. My opinion only.
So frustrated w/ a stock that no bs has a pps value currently @ .053+, but trades @ 10X lower. As I stated earlier, mgmt. regardless of real value of the co., must understand and be proactive in completion, PR's of info that matters to the type traders in pinkieland.
Since merger, mgmt. "allowed" a false perception of what if value to be created. This has continued over and over. Currently, issue IMHO is mgmt. should have immed. after PR of reduction in O/S by 88M + 15M shares, and that cancellation of certs were pending; if say it, do it.
BS that russian Xmas holiday is..... F#$@K that. Don't announce a significant PR and then not follow thru. Creates false sense of mistrust. This has been the MO of mgmt. since day one. Does it mean GBDX is not worth .06+. No. It means in pinkieland, know how it works. So what happens. MM's work weak hands, and no strong players want to come in, continuing pps decrease to levels 10X below base value of rev/share count of .053+. Mgmt. needs to correct their process and take initiative to confirm real value. Confirmation of certs and cancellation of 104M shares per previous PR. Even take a proactive approach and yes, reduce moreso O/S count/float w/ revenue from 2 initial shipments sold out. Update on pending JV announced months ago. Again, example of not following thru.
Cannot stand that mgmt. allows MM shorts to play weak hands.
Clear Example was few days ago, continued increase of larger block trades, 400K, 600K, 1M shares @ ask -.007 w/ pps building strength. Shows real interest in this co. And most frustrating, is pps real value currently is .053, no hype, no momo, no bs just based on revenue/O/S count. So what happens. Mgmt. issues PR about 2nd shipment sold out, .... Nothing about confirmation of previous PR regarding reduction in share count, certs received, etc.-The "real" meat of value.
Yes, GBDX is strong pink w/real value of .053+. That's even w/o std multiple of 3x5, which puts pps @ .15+. However, mgmt. has allowed a false perception since merger; and needs to step up and correct it, period. My patience is waining.
Best Regards. Not a buy or sell recommendaton. My opinion only.
Even Bill Panetta was suprised pps dropped from .028 to current levels w/ such real value.
