I am not sure that gambling and emotions work well together.
The guys that make money gambling, follow a formula and play the odds/percentages.
I ask myself, what is this company worth, today, IP rites, royalties, debts/liabilities, possible $ payout on lawsuit, future earnings over life of patents. Even a rough figure is all you need, your valuation of it.
We know what the share count was at last filing and that there has been a pattern historically of dilution, a guess at what the share count may be at the next filing could be 75m, maybe less, maybe more, it is not super important for this exercise.
At 1.2 cents x a possible 75m shares = a theoretical valuation of less than $1m for a company I reckon could easy be worth $100m if they win in court and start growing their licensee base.
The risk of losing the entire stake is real. The possible returns are staggering if the market valued the company at it's full potential, which could happen when various black clouds clear from the horizon.
Kevin will not let his company fail, he may well dilute the current round of shareholders into oblivion again but he will try real hard that his company is a sucess, at any cost.
The bet is simple, the possible returns are compelling for me.
Time will tell if I am a gullible mug, or I make out like a bandit.
I am not going to let it ruin my day if it does go down the gurgler. Currently holding 840,000 tickets in this lotto play.
Just my 2 cents, which will probably buy 2 more GERS shares by the end of the day if the slide continues!
GLTA
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