Final score for one day.
1/3 of my portfolio invested in GLKCE grew my entire portfolio 50%. It is clear from the T/A they are short on shares. Depending on how you look at the reverse split valuation, they should be priced at .07 based on the pre-split value of .0002, or .035 based on a pre-split value of .0001.
It ran into a wall at .035 early this morning, and began the slow walkdown we have seen. It is almost like neither MM's nor investors are sure how this will play out.
Even though I settled my position, this is on very, very close radar for me. There could be 100%-700% gains here or more.
My other item I was working on is a call I have placed to their IR representative and/or the president. A message was left for both.
I am not sure if GLKCE is a threshhold security because there is obviously shares in the market well above the current O/S. If they become listed, this will be a true test of MM compliance and how a stock acts once the DTC and Outstanding share amount are in balance.
Have a good weekend all. : )
Bo
