what a dam deal. For Feb. 25 $22 millions, GBSN paid 100 millions shares + $35 millions cash. These managers must be kick out! SEC have to investigat this scandal.
the big guy set to buy out @ this price. MM helps. According to some one report, they have bought 1/4 of total shares, they have to buy another 1/4 to occupy 51% roght. So they can control the company. Before they fill their bag, it can not up.
Any thing could happen to this stock @ any moment, next hr, or next week. Do not be suprised that before market, it jump into $1, $10 or more. Who knows. So shorties must be careful for you uncovered position. There is an popular idem: anything you owned must be returned
There are 9 million shares to exercise for regular warrants. Obviously it is not the price to exercise. These days, hedges are getting much greedy. They expect profit is over 200%-1000%. This is the major reason caused it so low.
According to Sept. 22, 24 K-8 report, total autholized shares are 190 millions. There are 84 millions holding. outstanding so far is 106 millions. Do I understan correct?
for this stock, 1 cent means save over 10%.
low action: after I writting they hacked my keyboad.
It is hedge fund's contribution. Oct.1/2014 - Oct. 1, 2015, from top to bottom. Insider accumulate shares, then distribute divident. It is the way to clear out traders. Rcap is a money machine.
#1, I against R/S, I prefer GBSN to OTC that there is no short allowed.
#2. If must do R/S, cut 08/25/2015 as cutting date. The shares hold before 08/25/2015 will not join for R/S.
buy out is the best for GBSN. These managers will make it no future. Anyhow, this issue gave us a great lesson. In our possible business career, never ever get into such cashless warrants trape.