Wednesday, October 13, 2010 8:58:45 AM
In fact its virtually flooding the market. Just since the last 1/10 r/s in August I compute well over a billion new shares have been sold between .0012 and .0002. Considering there should have only been around 2 billion shares left after the r/s. That's 50% dilution.Do the math, that's also half million $ in less than 3 months.
Prospective investors should ask WHAT exactly did all those million buy? In other words WHAT exactly does GERS own and how will they repay the 25 million $ they still owe the lenders we suspect keep dumping common to pay the interest.
Just my opinion and my numbers could be completely wrong as I rely on Etrade's data.
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