Replies to post #2445 on Great Basin Scientific Inc. (fka GBSNQ)

[The Rainmaker]

FDA Approval of their third test kit and another FDA submission for a fourth test kit. Both are anticipated before the end of the year.

[Sgreg]

Don't kid yourself. GBSN is very much like AEZS. AEZS had no new news. Phase 3 has been known for awhile now. It didn't stop the pps of AEZS to drop pretty much everyday from 20 cents down to 5 cents. Just like GBSN, AEZS has cashless warrants. Same kind of warrants, same kind of equation used, same toxic death spiral.

GBSN warrant holders have been a little more aggressive then with AEZS but the difference isn't very much really. Both have had their share structures balloon.

Somehow (probably warrant holders chose to) conversions there slowed some and cooled off. There are still a ton of cashless warrants AEZS has though. Warrant holders let AEZS fly because they have their reasons and I know why they did it. The cashless warrants are not done over there though. There is no new news over there and AEZS is totally controlled by the warrant holders just as GBSN is. The two are very similar.

I don't own any GBSN shares but I keep it on watch. What happened with AEZS can certainly happen with GBSN. GBSN will do whatever warrant holders want it to do and will do it whenever they want to do it. Just like with AEZS.

[Power of Emouna]

As Rainmaker answered you already quote:
FDA Approval of their third test kit and another FDA submission for a fourth test kit. Both are anticipated before the end of the year.

Sgreg mentioned in 1 of his earlier posts quote:

1) GBSN is on the REGsho threshold list. Sellers are not meeting their obligations here. There are significant failures to deliver. Again, probably because they sell shares first before they have even converted.

2) GBSN is also on the REGsho circuit breaker list. Regulators have put in a floor that shorts can not short GBSN below.

This is all about probabilities. I personally believe that the probability as of right now is that there is a greater chance for a bounce then not. Good luck here, this will be a wild one!

Furthermore we stand a great chance for a huge price appreciation within the next 30 days since the A/S is close to being maxed out. They will need a proxy vote to raise the authorized shares, that takes 30 days. For 30 days they cant issue any more shares once the a/s is maxed out at around 200m. The A/S is very close to being maxed out as it seems. Once the a/s is maxed the shorts will have to cover and no more issuance of shares during that 30 day period, therefore forcing the price northbound. GLTUA!!! $$$$GBSN