Post by
LiquidReality on Oct 21, 2015 8:47am
GPW CEO putting in $10 million!
Wow. What dont i get here? So..obviously the people who took over the massive Yangshan port deal couldnt get it done. So...here we are. GPW has announced it is re-entering the project, and can increase their stake by 7% (which means they should be around 20%).
To do this, Ricky Chiu, GPW's CEO is putting up $10 million of his own cash, and of that $5 million is going into a private placement at 0.08 cents!
They had a special meeting yesterday, which approved him putting in that money, plus also a name change (I guess to better reflect this is not just only a logistics company anymore).
And here we are at 5 cents!? The company was severely undervalued before, and now with the Yangshan announcement, and the CEO putting in $10 million, this has got to be crazy crazy undervalued. How many other TSX-V stocks have you seen the CEO put in $10 million of his own dough!? There has to be a ton of stuff coming down the pipes.
This thing is gonna take off soon. Finally. Rewards for years of buying this stock. Good luck to all!
Comment by
XTCXTC on Oct 21, 2015 1:22pm
It's been undervalued for a long time now. You know what they say in the short run this markets a voting machine and in the long run it's a weighing machine.