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Re: Ron52 post# 3667

Friday, 08/31/2012 2:47:21 PM

Friday, August 31, 2012 2:47:21 PM

Post# of 46070
Hope you can get out of this at some point, what you fell into was a front-loaded Ihub pump of a distressed Company.

They are deep in debt, and selling BTOS in Mayo, Fl. They need that sale to go through, or they are in real trouble of BK IMO only. The sale is supposed to close anytime now.

They also need financing to continue any other operations in the future, and if you look real hard, you will find that the House recently voted to discontinue all contracts the U.S. has with the Russian arms dealer. Over 400+ voted for that, still has to go through the other 2 branches, but that is a huge problem with a main partner.

The Company has hope, but a lot of the hope depends on financing, and the A/S was recently raised to provide that, possibly by more dilution if all else fails.

GLTU, and hope you've learned something about these front loaded P&D's.

All IMO only, don't shoot the opinion messenger.


All posts are in my opinion only, and never should be taken as a recommendation to buy or sell any stock.

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