I'm too much of a realistic to believe in the fleeting hopes of a few. I've been in this stock for over a year now...saw my shares diminish by 10:1 with last November's R/S.
To suggest that the company will buy back 10billion shares is dependent on a couple of significant variables:
1. that 10billion shares will actually be available for buyback. For this to take place 67% of outstanding shares [10billiion of 15billion] would need to be purchased.
2. buyback of 10billion shares at .0001 will cost $1,000,000. Does anyone really believe GERS will spend $1,000,000 to buy back shares??? They've already made it clear within the last filing that one or more R/S may be necessary. Why consider spending $1,000,000 when the same end results [reduced outstanding shares] can be accomplished with a $0 cost R/S. Remember, this is a management that never hesitated to run up outstanding shares to 15billion in less than six (6) months..!
I'm still a believer in this stock and the potential to make great returns [eventually]. But I don't place unrealistic hopes that it will happen within the time frame predicted by my fellow investors...only GERS' management know when that'll likely take place.
I envision management will continue paying the bills with a series of "cost effective" dilution and R/S cycles...seems like recent history hasn't shown anything to the contrary. The objective will be to load up right before the last R/S so you'll be left with a nice amount of bottom-priced shares after the final R/S. But I don't think we're even close to the last R/S. Remember, the last one was just six (6) months ago..and we're likely to see one in early June. And then possibly another one by the end of the year...roughly one every six months.
News 
Market Data 
Discover 
AI
