By noon time I took a long shot and took a chance by putting out a bid (1,000,000 at 0008). Surprise I got it.
Obviously the manipulators and their helpers in here, succeeded in scaring the s..t out of those unable to lose anymore and these people played safe (???) by getting rid of their shares. That made the day volume (350,000) 25% higher than average (280,000).
To bad our CEO doesn't do anything (but pumping) to help his sharehoders but that does not chage the key facts to consider:
- There is a real busines and currently (as of Sept 30) it produces a yearly revenue of at the very least $ 4,000,000 (Q3 financials X by 4 + a few more beds)
- The market cap is smaller than this revenue (3,5B shares X ,0009 = $3,15M0)
- The company just reported to SEC as any seriouly operating company
On the other hand this new venture or quasi-startup inherited accumulated debts but that is not hidden and allow some je..s to flash that up full time to support their efforts to take shares out of the hands of shareholders.
Again ... Unless Leon decides to shot down the busines and close the book for good, the market value will keep increasing and at some point those who disparaged it all along will let go and those having shares will profit seriouly.
Putting the folding scenario aside, 'Investing' in a startup by buying shares on the ridiculous OTC or tsxv markets is a risky proposal but the future gains can immensely reward those that were in early and went thru the garbage written on message boards by and for manipulators of all kind.
In any case, there is not much more to lose but alot to make (risk/reward)
GLTA
