Wednesday, December 11, 2013 10:04:09 AM
I broke down and put my first buy order in around the .11 level. If it gets filled then I'll be in. The current market cap of 11million seems a bit too high to me without the China deal signed. If the China deal is signed (and I mean IF; it has been "delayed" now for four months...something is up with that), the company will need to raise major capital to meet demand. That capital will be raised by selling shares, and it will hurt for a while.
The price has been steadily falling, and by year end, with tax selling at its peak, and maybe some more dilution, we should see some attractive price levels to buy in at. These price levels are a bit too high for the stock. Early October levels should be here soon. GLTA here.
Cheers
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