Quite frankly, I am glad they announced this RS on Friday afternoon. I am not happy about the announcement, but at least this gives people a chance to cool off abit before the next trading day. If this was released on a Wed during trading hours, it would have been .02 in 10 minutes.
What really matters here is what comes from the company next week, if we hear nothing, then we are in for a rough ride.
The only bright side is that I don't think there are any flippers or daytraders in this stock at the moment. Its been such a dead stock for the past year, everyone has forgotten about it except for the longs. If the longs hang tough, and the MM's don't totally screw with this stock, it might not be that bad.
But, there seems to be alot of pissed off people on this board, me included, but I've gambled this long , I'll give them a week to explain themselves.
this stock hasn't traded more than 1M shares a day on avg. Post split, thats about 40k shares a day. Even CB would have a tough time selling shares without bringing the stock to 0.
somethings got to give here,
GLTA?
g