GREY:CHALF - Post by User
Comment by
gandle62on Aug 27, 2019 1:15pm
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Post# 30070717
RE:RE:RE:RE:Why would this stock go to 0. The numbers look good
RE:RE:RE:RE:Why would this stock go to 0. The numbers look good Some encouraging news, but there's the need for on-going cash injections, which always seems to invite manipulation, and the company is still very wobbley: From yesterday's press release: "Net loss for Q2 2019 was US$3.4 million", yet GLH only has around $5 million cash. Best idea: Go do T'ai Chi or play golf; return in a few weeks.
I'm sorry to say it, but this grief is often part of trying to be well-positioned before a company finds balance and the stock soars. When it works, it's a beautiful thing. Meanwhile I'm down here (of course) and fearful of a potential pp/reorganization/reverse split that ultimately sets someone else up to do well with this company after eating my cash, but I'm an optimist and I'm hopeful. This is a pretty wild gamble for new investors, in my opinion, but it isn't boring, despite the temporarily stagnant price. GLTA