LOL, Losing money, what a name. I get it, believe me I do!
I waited and bought at .61 and .40, got an order in for more shares at .165 right now. All I can say is go back and read the last 20 posts for reasons to be long term bullish. My reasons are that it has had reported real earnings in the past (not a start up wanna be), 40 million dollars in back orders, a price drop was to be expected as they spend more than they earn while financing the new plant expansion (that is why I waited till now to buy!), but once the plant goes into production, earnings should return. They got 4 million in unsecured financing 2 months ago (2 different investors, 2 million each) to fund the completion of the new plant, so somebody thinks their signature is worth 4 million dollars! Also, the due date on those loans, 2013(?), has a stock for loans conversion option (I forget the details, it is in older news and older posts)
Also, I do not believe this .15 is a real price at the close, just MM games BS being played while people get their bearings again due to the symbol change BS going back and forth. Let's see where the price is in a few days when the dust settles. The CEO did file a form with the SEC, just not the one we want, and not on time, yet 2 days ago they were making an investors work shop presentation (in London?), and the share volume spiked way up today (new investors?), before the price game began the last 2 hours due to the symbol change and SEC report that we might loose OTCBB status. But, Look at that chart volume I posted earlier.
US companies probably pay more attention to filing timely reports (mostly lies, but filed on time, LOL), while these medium to small ones in China are likely to be late at times dotting i's and crossing T's, IMHO. I could be wrong, have been before, but I have been watching this one for over a year and bought my first batch at .61, more at .40, could of cashed out 2 weeks later at .90 IIRC, but I am buying here for the long haul now.
GLTA
