Tuesday, July 15, 2008 2:54:13 PM
I'm not claiming anything as fact but as we discussed here before most shells end up as 5% to 10% of the resulting company shares. According to what was discussed here Global is 100 mil and the tolal has been est. at 230 mil more for 330 mil grand total.
That gives Global almost 30% presence in the new company. I would say that is more than fair. Their first move wasn't to screw over the shareholders. I want it to happen yesterday, today or tomorrow. I bet Reed is trying to build a strong company long term, his share is probably restricted longer.
I will wait it out.
All that said, I realize this is still a Pink sheet. Strange things happen. I think it is the most undervalued play right now. I am in and watch a few others on the pinks. They argue about great company or scam all day. GLCC has 100+ posts a day and trades 2 to 20 million shares in a day. Their debate is similar. True solid company or pump and dump and move onto another symbol. I like what I've heard about SmartWear and I will wait it out.
GLTA
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