Looks like the chart is pretty oversold here. And holding the 200 day. But if you throw out that pop in mid October, I see a bearish triangle here. Seems like we're in a little bit of quiet period while we wait for China to come online. This dillution is a little dissapointing. Even if it were done at PPS of $1, that's 7 million new shares with the 15% discount. Plus another 3.5 million shares to add to the warrents. That gives us an updated share structure of:
31.5 million shares out
13.5 million warrents
1 million options or
46 million shares fully dilluted
This can get worse if the share price doesn't hold. Sorry, think I'll bail for the time being. GLTA. Will be watching though.
MTT