mimurray, there is tremendous upside potenital
invloved, at least in the short term, which is incentive enough for me to keep working to try to find out.
Learning is never boring to me. Applying what I learn to make good investment decisions and helping others who help me (here on the board) is a great rush.
20 years looking at the big boards and 1 1/2 looking at smaller plays, it's scenerios like this where I go at it with 110% curiousity especially when we might be sitting on such great short term returns. Investing, especially in smaller markets is so humbling that no matter how much experience I have or how much I think I know, my pride is checked at the door. Not speaking for anyone else but seeing this type of matket for 1 1/2 years a good goal for anyone wanting to be successful is to:
1) Be confident in your knowledge and judgement.
2) Make buys at the lowest levels possible only when it fits your risk level, or are see an opportunity based on #1 above.
3) Learn from both good and bad and act accordingly so you always are improving #1 over time.
mimurray, something isn't right with GlKCE based on the 2-2 pr, the 2-2 filing and the 2 conversations I have had with the T/A over the last 2 days. In my mind it's either one of 2 things.
Either the true o/s is indeed 1.1 million and the MM's have ignored the R/S, or the company was somehow allowed to float shares without registering them with the transfer agent. The T/A said the latter cannot be the case. The T/A would have to file forms and register any restricted or new shares.
The one fact that LETSMAKEMONEY posted in the BB board on Thusday was the listing of trades on the R/S effective date. Thefirst trade went through at .10. The second trade went through at .15. It was the third trade that I believe when through at .0015. I don't know if someone fat fingered their trade or what. Possibly the market makers saw this and colluded to simply trade as if the R/S didn't happen or make it appear that some form of dilution occurred. But answer me this, if there was any dilution would we have seen it on the third trade of the day that the R/S was registered and in effect? Also ponder, if there was truly dilution would we have seen the strong move all the way up to .035??
It's either one of 2 things I mentioned two paragraphs ago. Whatever the answer is, it is worth my time to find out. If the true O/S is 1.1 million shares confirmed by both the T/A and company, I will suggest the company contact the right agency to correct the trading, and leave it up to those authorities whether they wish to take further action against the MM's. I will likely make a call or two myself if that is the case.
Wow, I'm way too long winded here for a nice Saturday. lol Headed out to suds up the vehicles. : )
Bo
