GulfSlope Energy Inc (GSPE)

[smith199]

Yikes

Really? I mean the entire value of all GSPE stock trades today is less than $3k. Right? Looks like it might only be an effort to influence the share price lower to me. Is there a disappointed investor who is selling his shares and is willing to take a big loss at tax time? If that is the case, then I understand why he might sell.

But I ask this, who is buying it? And why would anyone buy if this is such a poor stock to own?

Is this volume today only about 0.0005% of the total shares? I certainly do not have the sense that a whale is making a move. I say it is a guppy that got bored and is trying to create an opportunity.

Perhaps a ‘trader’ is hoping to buy at .0035 and sell back at .0050 and make some quick money. Always a possibility. On the other hand, maybe it is an ‘investor’ that just could not pass up a good deal. Another real possibility. But my gut says it is more likely someone just looking to get a free appetizer with the meal.

Consider that management has something larger in mind, and as others have stated, there might well be something going on behind the scenes. I do not know what the cost is to record the new shares, but it was not cheap ($100k?). Gulfslope’s cash was already low. Why would the company spend that much money without a good reason? If there is something in the works, that might be who is buying up all these shares when they come on the market. For now, I will go with that.

Considering the circumstances at this time, I am not sure how much value those charts will be. Might just need to put on the Big Boy Britches and cinch the belt up a little tighter.

And a reminder, the annual 10-K is due Dec 29th.




Mrs. Smith