I agree, that is how I read it. Sibling was not a publically traded company. The reverse merger with a shell is the way it choose to go public. Nothing new here, as this was what was communicated from day one. With all of the new things going on with the company, the value at this PPS is very compeling IMO. GLTA.
If you scroll down to the bottom you can see all the people getting shares. There are ALOT of people. It looks like shares have been given to a number of employees (correct me if i am wrong) without any restrictions. Meaning they could dump them on the market if they so choose, right? Im just trying to figure this one out. I bought high at the beginning of the week and liquidated my shares after reading the S-4. I cant see how these new shares wolnt put pressure on the PPS. Im going to wait for a bottom. I LOVE the whole MMA thing they have going and think it will do really well. Short term though, I dont see the stock holding $1 much longer. This of course is only my opinion.
Long term I see this stock trading in the $4-5 range in the next 6-8 months IMO
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