Selling any Gold Mining stock at this point is probably a real bad mistake. The PIPER that is manipulating GSS pps may actually be your best friend at this point.
I truly hope you are correct, but PIPERs trade with inside info and steal from others using their short scam trading techniques. As you might guess I think PIPERs and their minnions, in general, are the #$%$ of wallst. I think it should be illegal for the management of any company to make behind closed door secret deals with pipers before first offering the same deal to ALL existing shareholders. That will never happen though because wallst is crooked to the core and our GOV SEC watchdog is in bed with them...imho. Now back to the greed that drives us all...good luck to you.
IMHO. Maybe its a fakeout and it will pop 25 cents when earnings is released. I personally think PIPERs are nothing more than crooks stealing from investors that don't have the capability to trade with inside info.
I hope we see a nice move up, but I always worry about a PIPER controlling about 25M shares and wonder what they are planning.
That just shows how crooked wallst is.
Based upon last report of net $128M assets, wouldn't that now make the BV..??..surely not with this only trading at this level. Even if true net assets was only 20% of that, BV would be ??..surely not.
So why don't they just sell out and recover some of their losses via tax savings?? Maybe they just want to lose it all? Or, do they have inside info that is a secret to us peons?
Is he a stupid multi-millionaire? Does he not know bashers are saying this will go BK soon? Does he not have inside info? Maybe just a long shot multi-million dollar bet with money that means nothing to him if he loses it all?? Why do other big name investment firms like Blackrock own this? Why??????
The piper, someone's buddy, wants in cheap with lots of shares. So they agree to a standard PIPE deal which is always below the market pps. Pipers win, company gets more cash quick, management wins, and shareholders get diluted and sometimes much worse. Now, if it were me and my gang (if I had a gang) making the deal, I would get with all my buddies before the deal get announced and manipulate the pps much higher than the pipe deal, say up into the 80s, and start shorting as much as possible until the deal is announced. The pps would naturally start falling back toward the deal pps . So me and my buddies get to cover near the deal pps which helps to lower our overall average. Normally the pipers will drive the pps much lower than the pipe deal, but rising GOLD price will probably minimize the risk of that happening, but who knows for sure. PIPERs normally use their hoard of shares and warrants as collateral and protection while they short and manipulate a stock, but I'm not saying that will happen to a GOLD mining stock with GOLD price rising. Hopefully, with gold price rising, the pipers will want GSS pps to rise right along with it. But my experience says that most PIPERs are scam shorters and manipulators at the highest level. They may not be the case here.