Could it be that De Masi knows a low-ball (remember he stated he was only interested in offers that would set original IPO buyers straight !) hostile bid is coming...and the issuance of new shares is a poison pill deterrent ? now that would be interesting...thoughts anyone?
The management is a coterie of scammers and liars..So adept are they at garnering baggies, they even conned the morons at MGM into buying..Give up..As I noted countless times before, this is a POS going nowhere..Live with it !! Move the F on..
No way! This dilution at 2.10 proves they are trying to get what they can! Of all brokers they go to canna cord!! More like crappacord! That alone says it all! They are desperate!! Get out while you can classic burning ship! Let the captain go down with the canoe!!
that aside..what does raise alarm bells is the mention that some of the cash could be used for acquistions... the last 2 studio acquistions have not produced anything in the way of mega games.. i hope De Masi is not on an egocentric empire building mission here
You wish. I think they are much further from profits than they would have us believe. Cash burn continues with expansion into new markets. I don't think anyone want to buy GLUU until they can show you can make profits with the current gaming platforms. I should have dumped all my shares when I took some profits last year. $5 + a share now looking like never never land.