I agree with that for the most part. I don't think they are in the JV with a direct portion in cash but rather they traded shares for some of it and there probably is a some restricted shares on that too. The deal was probably laid down a few months ago when we were seeing the O/S numbers creep up. We are probably seeing a capital build going on by the JV and that has probably been going on slowly since the .002 to 003 range. Then the math may work out. The change in A/S would require a filing with the SEC and I don’t think that happened without someone finding it. This is total conjecture on my part but I have seen things like this before (many times). We still have more news coming and if you can stay the course, gut up, buy and hold. Otherwise, you may be best served to not to be in the stock. I do have a nice stake in this and would like to see improvement now, however I don’t play the pinks with money I need or can’t do without. (that doesn’t mean I want to lose it though ) Just an opinion, maybe someone has another take on this.
GLTA
-jack
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