Ask yourself why PQs "friend" (per the filing) wants to do this deal with GHDC...
GHDC has no complementing assets, no cash and no experienced employees to bring to the table... Ahhhh, but GHDC has stock they can issue and dump, right?
This deal is structured to be another mass diluting Quilliam loser. The common holders percentage ownership gets reduced dramatically right after the split and will rapidly reduce more and more as they continue to give themselves chunks of stock just for compensation... I see absolutely no way they can be profitable with this chump deal and to expand/grow the business would require even more dilution. The filing states the consultant payouts are worth more than the lease revenue!
The math is simple, there is no hope for longs the way this deal sits. GHDC is a better investment BEFORE the RS IMO... The deal is not profitable and will be extremely dilutive from day 1. Read the filing closely and don't forget what you have witnessed from PQ in the past. This is a sure path towards more of the same.
PS: I wonder how much time they are applying to SFMI right now with their attention turned to the new pump. Time is money and SFMI pays out stock no matter if they are accomplishing goals or not... Id be taking the tax loss. There won't be any market moving news released before spring, if ever. How long has it been since news moved this stock?! Dilutive financing news won't help... I'd sell, claim the loss and buy back cheaper later... or even better, sell and buy a stock worthy of the investment.
