penny_ta. TY!. Jim Bishop can you help us here?
Your experience at this market seems to span a few years, maybe more than you want to admit. LOL j/k
Is what penny_ta saying true about a company not being allowed to dilute if they have an 'E' on it? I'll start searching myself although I have appoitnments beginning mid-morning. I thought you might have some experience with this situation.
Between that fact and whether Mach or I can get through to the company itself may still allow us to see strong upward movement. We only have to look back as far as October to see trading between .10-.30.
If penny's comment about the 'E' is true, Mach and I can ask the company an additional question about the 'E' and specifically what timetable do they see the "E" coming down.
Here is my thought. If Jim or anyone can DD the answer to penny_ta's question and what penny states is true, then an answer from the company to how long do they forsee the 'E' remaining becomes vital.
Here's why...if the company states it could be another month or two before they become compliant for the 'E' to be removed, the time TECHNICALLY and LEGALLY should run out on the SHO listing. Meaning, we are obviously seeing more shares traded than the T/A lists as outstanding. After day 13 they are required to bring GKLCE into balance. If the company confirms the 1.9m o/s amount PLUS a period of 1-2 months before the E comes off then....
....there is our window. After day 13, or maybe even before, a forced cover and run similar to October is a real possibility.
If the answer to penny's question is the opposite (that companies CAN dilute even when the 'E' is up) then we are still back to asking the company the questions I posted last night.
If someone thinks I'm wrong, please tell me. Certainly open to all views here. This is definitely a unique situation but with penny's post, one that still with some work on our part could throw that window of opportunity wide open for us. : )
Again, I know their history on share issuance but if by law they are not allowed to dilute with an 'E' AND they are estimating 1-2 months before it's removed, this has the makings of a repeat of October with every day closer to day 13 of the SHO listing.
Bo
