Friday, November 07, 2008 9:09:16 PM
I believe the public float can be no more than 250 million to 400 million shares. The lack of trading activity supports this contention. Most of the float is tightly controlled by several groups. Perhaps 75% is tightly controlled. The Dodge group has stated in public that they have naked short sold 1.94 billion shares. The squeeze trigger price to cover the shorts is .006. The statement that GBDX is going to be revoked is false. GBDX has more value than we may be aware of. Otherwise, there would not be a suitor. Don't be surprised if GBDX is relisted on an alternative exchange.
I don't anticipate any real trading activity until the comprehensive PR is issued. I am holding all my shares. I have no plans to sell now or anytime in the near future. I think one would have to do a lot of incremental up bidding to get any supply of shares.
PickleJar Debuts Nationwide Contest With Brian Kelley for Fans to Win a Three-Day Bahama Cruise • NREG • Jun 3, 2024 8:45 AM
ILUS Provides an Update on the Binding Term Sheet Signed with Actelis Networks (NASDAQ: ASNS) • ILUS • May 31, 2024 12:52 PM
Element79 Gold To Provide Summary and Update on Active Exploration Program, Community Relations at RMEC on June 4 • ELEM • May 30, 2024 1:18 PM
Branded Legacy Secures Exclusive Extraction Partnership with One of the World's Largest Kava Distributors and Producers • BLEG • May 30, 2024 8:30 AM
ECGI Holdings, Inc. Announces $2 Million Debt-to-Equity Conversion • ECGI • May 30, 2024 8:30 AM
North Bay Resources Reports Assays up to >25% Mg, 0.1% Ni, 0.1% Cu, 0.01% Co, 0.3 ppm Pt at Tulameen Platinum Project, British Columbia • NBRI • May 29, 2024 9:03 AM