How weird a thumbs down. For those who are unfamiliar with BrPhotonics, GIG owns 49% and holds exclusive distribution rights Worldwide with exception of Brazil. This is a big deal if BrPhotonic products take off.
To correct, you misleading information, GIG was valued at less than $ 1 when Avi came into the picture (I can[t exactly recall, but you can look it up. He did do a reverse split 8 for 1. I will agree that Avi is quite greedy at the expense of the shareholders. However, LWLG is an total fraud. Out of curiosity, has LWLG finally actually sold anything. You know $38 million is a fairly high market cap for a company that has zero revenues for what 15 years are so.
Within 2 years, I figure GIG will be earning at least $.50 a share and will trade at $10 +. I also figure that LWLG at that point will still have zero revenues, and be trading at less than $ .30, because there seems to be an endless stream of suckers for you rob.
Oh, really. I thought they just destroyed lots of good companies by making equity financing too expensive. GIG had to sell a lot more real shares because the share price devalued as a result of shorts selling counterfeit shares. That hurt my share price appreciation big time. Finally, share holder votes are often less than 1 per share because the brokerage house often holds less shares than are voted. Shorts should be able to deal in options only.
Shorts are covering now that the demand is down. Retails are so easy to play. Casinos are far more honest than the stock market. I suspect that the Market Makers are behind this game. It's like they have this little formula where the decide what a stock will be valued at, start selling like crazy once it hits a certain price, kill the demand, get the retails to give up and start selling, and then cover. That being said, I would not expect it to fall much further. After all, they are GAP positive now. Just have to watch out for Avi. On the other hand, if the market CAP were to fall too far, some funds would likely have to exit. Still the down side should not be that far from where we are at present. GIG should easily do $.10 this year. With the cash on hand and the growth, a P/E of 25 should be easy to maintain. Now that the shorts are likely covered, there is a greater risk of missing the boat if we get a surprise PR.