He is NOT necessarily wrong....Certain investors have agreed to finance $2 million.....They sell short before the deal is "done......they now have the shares they shorted at a much higher price than they paid for the new restricted shares...true they cannot technically sell the restricted but they have just covered their shorts...
ASK yourself this...HOW LONG WOULD HAVE GLCC WAITED TO PR THIS IF YESTERDAY THE INCREASE IN THE O/S HAD NOT BEEN POSTED HERE? imho
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