Great, thanks for the post. Will watch the price closer this week for sure now.
Oh, and that is one scary as looking ankle bitter, I will be having nightmares after seeing that now!
On another topic, I have seen no real discussion here about their second, most recent move into acquiring other companies in the fertilizer business. The last one they acquired (12-18 months ago) is turning a net profit (it was a smart move), while there original main facility is still an expanding black hole (of sorts) losing money. Since they have plenty of cash for now, buying profitable operations at distressed prices (I assuming that part, which may not be right) or at prices that can show an immediate profit on increased sales (they have already expanded sales staff, and may need product to fill orders), may just save this outfit from future disaster around the problems at the original facility, and or may buy them added time to fix those home plant problems we heard about in the last quarterly report.
Hopefully we will get on going news of sales increases, other mergers (takovers), Walmart sales expansion to help move the price higher this year. I don't have a crystal ball on this one, but in review, they need to get the price up and hold it over $1 to meet the Nasdaq delisting letter warning requirements this year. I have not seen the year end report (I may have missed it?), but I expect it to be bad news compared to all the recent good news, maybe the last of the worst of bad news as far as losses go, mixed with a huge increase in cash and last years stock dilution from raising cash. The 4th quarter loss per share probably will fall due to the dilution late last year, but stock holders equity which was negative at the last quarterly I think, should be way up in the 4th quarter report. That quarterly may be the last chance to add shares at under $1 when it happens, with all the recent and ongoing good sales, Walmart, take over merger news of buying existing, competitors that can add immediately to the bottom line, and the show and tell you just posted where potential new investors are being lured in. If I get the chance, I will be adding at prices under .80, if we ever see them again, but for now I am holding what I have and waiting for any April market correction, and the 4th quarter report to do any price damage it might do, before I add again. I am still long with my original long term base position.
GLTA
