Bo, I'm sorry, but you're not Getting It.
Speaking of GLKCE, as long as the company holds their share structure in place, they remain an example of the "excess shares" problem in which manipulation is occurring day in and day out. If a cover was ordered by the SEC of the excess shares, GLKCE has the potential to trade multiples higher than even current levels. We see how fast and high it rises even after appearing to lay dormant. Imagine what enforcement of trading rules would do for their stock price in the short term.
Just before they did the reverse split, GLKCE filed an S-8, in which they issued and registered a bunch of shares. Those shares did NOT reverse with the split. So the guy who thinks he "bought the float" actually owns only about one percent. Check it out.
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