Replies to post #9504 on Geobio Energy (fka GBOE)

[yaadmon]

Isn't this whole purchase agreement just that "a purchase AGREEMENT"? This is just a completion and agreement on Due Diligence. Both parties conclude that they will like to go on with teh merger. The merger is NOT completed until GBOE makes

1) $100,000 Non refundable deposit by the 15th
2) GBOE pays $3.2M (payment to co.) around Dec 31st.
3) Magna shows all records showing it is profitable

My concern here is that GBOE has until Dec 31 to come up with $3.2M. With the announcement of the Reverse Split that has been approved and can come anytime, I am worried that GBOE will R/S then dilute the heck out of the stock dropping the pps and useing that money to pay for the company.

Now this may sound negative and not to be considered as bashing but why should anyone buy this stock right now. Why not wait until after the R/S, and Dilution and get back in around Dec 31st?

I mean I love GBOE, made a lot of money here since last year but the way they are setting things up is a no brainer for just watching for now. GBOE is obviously in accumulation phase to get $$$ for the merger.

GLTA, we will see by year's end

[money1993]

What do you make of the lack of volume???