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ZachBuffett

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ZachBuffett

Re: otcbargains post# 2561

Tuesday, 11/05/2013 11:29:42 AM

Tuesday, November 05, 2013 11:29:42 AM

Post# of 9686
Hey otc, I was wondering what you thought about GLGI.

The company is doing extremely well, but they are looking to go private soon by having an interesting reverse split to try to reduce shareholders. They want a 1-10,000 and pay cash of .50/share to those holding under 10k. There is a bit of a question of where they are going to get the cash.

If it were staying public, obviously it would be pretty undervalued by recent quarter performance. Is there any reason to not own at least a few thousand shares at this level, though?
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