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.
Bashing and negative everything about it? Wallstcrooks are at it again here. My guess you will be very happy buying this anywhere down here and then holding it 3 years or less.
Attempting to drive it down hard to maximize hurt on the company and maximize their gain with a PIPE deal. Suspect they created the recent manipulated high so they could start shorting at the high. Plus they got their bashers working it hard. Their intent is to not only screw the company but all existing shareholders. Wallst is crooked to the core. You can lose your last penny betting against that.
Assuming 2.50 PIPE deal, that would provide 5-6 qts of cash burn. Appears someone selling or shorting already has inside info. It could be worse, but the potential here is great if they can produce.