Monday, May 20, 2013 5:30:14 PM
Nobody here has given justification as to why the stock tanked over 90% during a three month span, especially considering all the supposed great news. Then when there is no news, the stock spikes on volumes of around 30-40% of the float per day.
The stock is obviously volatile and the stock price does not reflect the (lack of) value in the company. It is simply a vehicle used to lure people in with lots of hype since the stock is not on any regular investors radar.
There are only 65 stockholders of GMEC on record according to their reports, so mostly the stock just cycles through a few investors hands and the manipulating investors extract some profit with each cycle.
Can you point to other reasons why the stock has dropped almost 50% from three months ago, even at today's artifically high prices? GMEC typically has traded around .02 for the past year plus, and that is where it tends to trend towards with each cycle.
IMHO!
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