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Friday, June 06, 2008 8:47:43 AM
Good stuff. Im also hearing they will be pursuing action against the 300k in trades from .70 to .01 which wiped out more than 50million in market cap.
They seem to have traced the shares back to the UK where restricted shares seem to have been dumped. A big no no and if they indeed have the proof that I think they do there is going to be some major repurcussions to the ones that did this.
GLCC currently has cash about equal to what the stock is trading at.
20 plus million in Assets put this at .12 now.
Also they have 4-5 distribution centers valued at 4-5 million dollars each. This is one huge company and these prices are a gift for those that realize what they own.
Good luck to all and lets get this stock rolling towards true value.
Those with Restricted shares are not happy at all watching there dividend shares drop from .70 to .03 on manipulation.
Just a matter of time before this stock gets back to that point for those that have done there DD you know what Im talking about.
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