GREY:GULSF - Post by User
Post by
amorakon Apr 05, 2007 9:14am
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Post# 12553718
Financing...
Financing...Despite a press release stating that the financing has closed, there is indeed still a secondary financing open. GUL was still on Canaccord's restricted list as of market close yesterday. I phoned my Canaccord broker after yesterday's close, he checked, it's still restricted, he can't talk about GUL, nobody is recommending it yet at Canaccord. So we're limping along with no support from the main financing house.
I think a few folks here should calm down a tad. You made your play, live with it. Despite the fact that buyers can smell the panic they're still scooping up this stock. But buyers are always smarter than panic sellers. What happens if a hundred Canaccord brokers start calling their clients about this swell GUL deal, unexpectedly rendered a sweet buy by panic sellers?
I think the 6000 feet were those of 3000 needlessly panicked investors running for the exit.