RE:RE:RE:GCM.T i do not know, just an observation that the number of debs reduced about the same amount as the number of shares increased, without doing any calculations.
I didnt say anything other than the share float increased 28 mil, I assume it is from the debs converted, considering they decreased. not sure where else they could have come from? you can watch the totals on the GCM website.
I never said the company dumped on the bid, but from my very little experience watching this company, it appears that once a holder converts thier debs, then they start selling them on the open market, again just an observation. I would be happy to see any indication that there is another explanation.
If the selling of the recently converted debs continues, I would expect selling pressure to continue to run the price down. It is a tight window, right now .10 is abuy and .12 is a sell in my eyes. on 28 mil shares there are substantial pennies to cash in.
The good news is that if the shares remain as low as they are, at the end of this quarter the comppany should have substantial cash to purchase a big chunk of debs. about 10 mil I would guess.
also if they can find anyone to lend them some cash around 100 mil, and you wouldnt think is a stretch for a company making so much gold, then they can redeem the majority of debs, and we can wacth this run up to $2-3 which is where it should be.
Just my observations, happy to discuss opinions that agree or not.
GLTA