NRA Member, its unfortunate that your logic is way off. Please let me take a moment to correct you.
There is never a cash takeover AND a reverse merger. Its either or. A cash takeover exchanges all your shares for cash, end of game. There will not be a cash takeover let alone for $20,000,000. After all, a supposive buyer can be in the public market now buying all the 355 million shares for under .007 or $2 million. Do you think they are that stupid to pay 10 times what they could in the public market? We've been through all this before. Simply put, its not gonna happen. The only buying going on in the public markets are individual investors like you buying shares from the insiders or MM naked shorting.
which brings us to another point. MM are the most informed investors in the market. Why are they shorting a stock so far below its supposive takeout price?? Why are they setting themselves up for a real battering?? The answer is, they know like I do that no takeover will happen. They know its a pump and dump game and they are playing it for their own profit. This explains the line of market makers willing to sell unlimited shares at .007 and below for 3 - 4 months past.
There really is no real buyer who wants to take this compnay private. Its all a smoke screen. An easier way to accomplish what GBDX has is to bribe the Russian Gov't and get their own export license. After all, how did GBDX get their license if its so difficult to get one. GBDX isn't even a Russian company!! Yet the Russian gov't won't help a russian company do the same?? Don't be naive.
