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Wednesday, January 08, 2014 9:37:59 PM
But, and this is th company's own fault.
Clearly they knew the deal was impending last year and figured to have everything in order to announce this deal with a fully trading company...oops that did not happen.
Then comes the problem that as a public company, even with trading issues, they need to announce this matieral event.
Now we have news, but we have:
1) no shares to trade so no new investors can get in
2) no defined OS/AS so investors know what the heck the valuation is/should be
3) no audited financials to validate the ONE quarter's worth of data that they have provided
Yes, there is/was a potential of a run, but this company is unfortunately still getting its legs under it.
Unless the shares are released tomorrow, this news will be forgotten by Monday. How many pending deals do they have??
And I am sorry, but they have got to better explain their cash position. How are they going to finance their business growth without cash? Lines of credit? Or dilution? Real company or not, there is going to be dilution...new investors will want to know just how much dilution they CAN do....
As much as I challenge the information, I hope everyone does well including the company. Just seen "real" companies with product and patents, etc., (with products in walmart and target) do this whole thing and end up burning the shareholders.
GLTA
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