Replies to post #12349 on Great Basin Scientific Inc. (fka GBSNQ)

[christjamin]

I beg to differ. I am speaking facts.
There are 10.9 millions series C warrant outstanding as of the december 17or 18 From September to last 8k, only 1.9 series C warrants have converted to 1 million or so common shares. That means most of the volume and downing of pps was not related to conversion. @ least 6 millions new shares Are needed to convert the remaining C warrants. If the pps keeps going g down and there is no floor to conversion, those 6 millions may turn to 7, 8, 9, 10, 11....millions shares. What to get excited about here? I don't see it in short term..

[duderaja]

I agree it looks good a year from now if they survive that long, but this price is going down until the warrants are gone and then they are dead broke and need more financing right now. Where is that going to come from. I don't know about you but I sure don't want to watch my money melt away for the next month and then go through another rs all over again. Even an FDA approval will not stop the downward spiral for more than a few hours. If you can show me where they are going to get the money to run the company without more dilution I will buy once it hits $1. GLTY