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Re: ThSeeker post# 14763

Tuesday, 06/22/2010 10:55:36 AM

Tuesday, June 22, 2010 10:55:36 AM

Post# of 24248
I suspect most people holding GSPG are cautiously optimistic. I for one am happy the the stock price has held up so far, but I'm guessing that most people who were going to sell sold pre R/S. Those holding and those waiting on the sidelines are watching to see if GSPG will finally meet its promises to their investors and begin meeting their objectives as defined in their PR's/SEC filings.

I was a bit disappointed when I first read yesterday's news, thinking GSPG was back to its normally form of financing. (and nothing had changed). On second reading, it does appear that this is only to get them to production financing so that they can begin creating cash flow. I'm also encouraged to see Moelis involved in the financing.

This I suspect is what we're all waiting for. Will GSPG get production financing, complete a new 43-101 report adding new holes, begin production, and minimize dilution during debt restructuring. If those 4 things happen in the near future, we're golden. I'm betting they will.

Cheers.

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