In this difficult market, they are as stupid as trying to offer new shares. They remind me AMKR, MERX and especially PLAY. Just look at those stocks, you know what will happen to GGI. If GGI management is this stupid, they should get our of their current position and let some other people with a clear mind to manage this company.
They are not stupid...didn't you read, the secondary includes stock/options that various management now owns. ie: They are the ones selling at this level. That is brilliant. Stupid is left to define those who buy the shares at this level.