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Re: coldasice post# 3850

Friday, 09/18/2009 12:00:15 PM

Friday, September 18, 2009 12:00:15 PM

Post# of 12137
Easy Cport, its getting hot in here. I appreciate your insight. All I can offer is opinions and analysis from time to time, I do not have any inside access. I am in contact with Mr. Fine quite often he typically can offer insight but nothing that everybody else can't find out. Cash is definitely the biggest problem and has been for a while, nobody is stating otherwise. It really is not a big deal if Fedex says our name or not but IMO telling our name to world couldn't hurt our chances or getting cash.

As for the meeting, it should be very informative and nice to be there, but Stambaugh will do what he wants and I am sure he understands the implications of a reverse split and would not do so if it was not deemed appropriate. I truly don't think that he would reverse split without any business or revenues for an artificial price hike, I believe he just wants to have it as a tool. A split on a company showing revenue and growth should not have a huge impact on valuation considering what the future would hold for a company attracting large business in a very large industry. The shareholder meeting filing repeatedly states certain actions are being purused to be in compliance with nasdaq requirements. Whether we can get there or not is another question. I agree that a reverse split typically has negative implications but it does not have to be a death sentence (AIG) just an available tool.

GLTA
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