Replies to post #12341 on Great Basin Scientific Inc. (fka GBSNQ)

[duderaja]

I wouldn't get too excited about this until they have done this:

"Moreover, because of the significance of the patented technology Great Basin possesses, we are working on two more related articles: a more thorough description of the history of the Warrants and more importantly, a more detailed estimate of potential market penetration for Great Basin’s products. We expect to have the Warrant story published by Christmas, and the Market Penetration story published by New Year’s."

[naturalborninvestor]

already proved wrong

falling from a high of $15.54 on December 1st to a low of $3.33 yesterday, a drop of nearly 80%. Based on the closing bid price for the Company’s common stock on December 1st, if all of the currently outstanding Series C Warrants were exercised pursuant to the cashless exercise provision, the Company would issue less than 60% additional shares. This implies that the selloff resulting in an 80% share price reduction is well overdone; the effects of the remaining Warrants have been priced in and future upside in share prices is expected