Look for some 'glittering' news on GWGO over the next week to keep the hope alive. But, all that glitters is not gold.
In fact, I would like it to be something better than gold — that they've bought a company that has produced a battery soon to be released that would power an electric car for a thousand miles without recharging, it is lightweight, compact, and the recharge would only take 10 minutes.
Now, if that, you guys with a million or two shares can start dreaming about that yacht you always wanted, or wherever your dreams take you — you will all be multi-millionaires - GUARANTEED!
Don't laugh, or sneer. Someone, soon, is going to produce such a battery, or pretty near it.
The electric car is coming sooner than you think. Here is a bit of trivia, around a hundred years ago there were more electric cars on the road than gas. It's going to turn full circle.
Any news will need to be good.
If GWGO is able to double its shares outstanding next week, and maintain at least the same share price at which it has maintained for some time, then it will have succeeded in doing something that so few, if any, companies have been able to do — double its market cap at a stroke.
Only a fast growing company with outstanding growth potential, and one that has captured the imagination of the investing public at a time of reasonable economic stability has been able to do it over some months as people have piled into the share price at half for what it had been selling before the split.
However, from what I have picked up, people have been unable to unload GWGO at the quote — '0001 until the last few days following the announcement of the forward split (2for 1). The shares have been trading, but at what price the sellers were getting I don't know as there was no bid quote.
So we have a company with (in round figures) 3 billion shares selling at .0001 giving it a market cap of $300.000.
Next Thursday, if the current share price holds, there will be 6 billion shares, giving it a market cap of $600,000. Wow! A stroke of genius. He should be running the Federal Reserve.
If the share price doubled to .0002 then the market cap would be $1200000 That is four times its current cap. (Please tell me if my maths are wrong)
Just one snag. If they keep it without a bid price and there are no 'goodies' to create new buyers to outpace any potential sellers then we could have a false market cap price. You see, a true market cap is what you could sell all the shares at, at any given time. Like, the monetary worth of your car is what you can get someone to buy it for - not the price listed in some book.
Let me explain. It is easy to put a few transactions through at the 'ask' - you can even manipulate them by the MM's or Company trading them to themselves.
Let me further explain, by simple analogy, to the naive. If you were an artist, to promote your paintings, you could enter a painting in an auction, then buy it back yourself via two or three 'friends' bidding the price up. All it will cost you is the commission and the few dollars you slip your 'friends'. The price at which a local artists paintings fetched can be newsworthy - and it goes on from there. It's like kick starting a car - you bank on the kick start to get it going. Sometimes it does, sometimes it doesn't.
Ebay has been great for this. Come say Christmas, everyone wants an I-pod and there aren't enough reached the stores. You have previously managed to acquire a few. You put one on Ebay, and buy it(bid it up) back for some ridiculous figure. Everyone is talking about - 'did you see what that i-pod fetched on Ebay. The next time you put one up, many are eager to snap it up. You kick started a frenzy. Some buy because they want it, some just hoping to find a greater fool on whom to dump it.
This was done in the music recording industry - teams going round to the large outlets asking for the particular new release recording being pushed - back handing top DJ's to play it, and gettng lots of people to request it.
Manipulating the system - any system where money or power (like elections) are involved is as old as man. There's an old cliché that describes a gold mine as a hole in the ground surrounded by suckers. But, sometimes they pay off big, and I guess that's what keeps us suckers standing around gaping in that hole
