Saturday, October 16, 2021 7:23:19 AM
I fully agree.
Assuming all units are fully exercised, we (I stand to be corrected) will have just under 110,000,000 O/S and at closing pps ($1,63) that represent a market cap of less than $ 180,000,000.
Second we are still on OTC (generally not involving institutional investors) and that allows for a lot of manipulation.
Finally if the whole proceeds goes to creating a manufacturing facility (I do not know the company was otherwise short on cash) that should be considered as a positive move (not one having the negative impact we just saw)
One thing I believe is that the reaction to the news was effectively greatly applified by the action of the Market (manipulators) Makers, and another belief of mine is that these warrants are issued (most likely) close to the expected uplisting so we enter a more serious market with a complete story.
I hope we see comprehensive financials (Q3) in mid November and that added to uplisting will lead to a very serious increase of current pps and I mean SERIOUS.
OMO but GLTA
Assuming all units are fully exercised, we (I stand to be corrected) will have just under 110,000,000 O/S and at closing pps ($1,63) that represent a market cap of less than $ 180,000,000.
Second we are still on OTC (generally not involving institutional investors) and that allows for a lot of manipulation.
Finally if the whole proceeds goes to creating a manufacturing facility (I do not know the company was otherwise short on cash) that should be considered as a positive move (not one having the negative impact we just saw)
One thing I believe is that the reaction to the news was effectively greatly applified by the action of the Market (manipulators) Makers, and another belief of mine is that these warrants are issued (most likely) close to the expected uplisting so we enter a more serious market with a complete story.
I hope we see comprehensive financials (Q3) in mid November and that added to uplisting will lead to a very serious increase of current pps and I mean SERIOUS.
OMO but GLTA
Patiently,
Roger
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