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Tuesday, March 02, 2010 10:32:09 AM
It is true we have no proof of where these shares are going. I have been told they are for acquisitions and joint ventures, but to me it looks like at least some of these shares are being dumped straight into the float (I assume to keep the company afloat, pay for trips, lunches, etc).
We have no proof of anything else. Is the company still in a self-imposed blackout period? Is there really a $350 million loan? Why no company updates? Is there really a buyback? If there are delays, why don't we get a PR simply updating us on the situation?
Will we still have this conversation 30 days from now? I called .015 a week or so ago and everyone laughed at me. Look at DBAB at .0131, that is our next stop I believe. HDSN is at .01, perhaps the next stop after that.
I haven't been calling the T/A, but as we get closer to that 900 million figure, I will be calling because if we go over that number by one share, all bets are off and I would imagine an A/S increase will follow shortly thereafter with more excuses. The a/s and o/s are already bloated in my opinion and it will be very hard to move this stock if they continue to rise.
If we do hit .01 in the next few days, I may take a chance and average down. I just hope we don't go into the sub pennies, which is where I believe this will go with continued dilution and no news. This is all a worst case scenario in my opinion, and I hope we don't get to this point. However, we are getting very close.
All in my personal opinion. GLTA.
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