Ever since the collapse in oil, GBR gets a majority of its earnings from its retirement home property (a little over 100+ residents in the home). It nets around $300k every quarter from it but occupancy has been declining year over year. GBR's oil and gas operation loses around -$200k every quarter. And on top of that you have management operating expenses. So net the company doesnt even make #$%$.
Valuation wise, GBR should be valued at most 10x EBITDA and I am being generous. That equates to at most $1 to $2 million market cap. With the stock now almost at $10million market cap, it is an obvious short.
Why the pump job up to $5 last Friday? Who knows. Just some stock manipulation. If you are long, I would take profits on Monday. It's going to fall back down just as fast as it skyrocketed up as seen in the past 2 squeezes since June.
He is a nobody. He lives in a $714,000 house in Carlsbad. If he were someone he would have a mansion not a shack! And since he is Chinese, ALL wealthy chinese businessmen value a nice expensive home residence. If this is the best he can do, he is a paid stock pumper.