GREY:GLKIF - Post by User
Comment by
ElliotFTon Dec 29, 2018 9:36am
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Post# 29167613
RE:RE:RE:Gorman Ogilvie
RE:RE:RE:Gorman Ogilvie“The recent private offering proposal may be indicative of problems resourcing loans through normal channels.”
Have you seen any recent insider buying on the open market? No. Wonder why?
If you want to buy for 50-100k worth of shares you’re going to move the SP importantly since GLK’s stock is illiquid. The PP is a way to bring wealthy investors at the market price with an incentive to add to their positions at 0,05.
So beginning in January, we’ll mostly have 80k + 750k (both amount were awarded to GLK) + ~300k for a total of 1M$ in cash to use for their facility. I’m pretty sure they have received better financing offer/joint venture for the future. So I expect the SP to double just when they close their PP since they are now worth 3M (at 0,03 with 300k cash in hands). If they announce any sell/supply agreement, I’m telling you I wouldn’t like to be the one that miss the ship trying to put a lower bid than market price.