RE:RE:RE:FinancingI call it whale watching. If you've ever been you'll see people running from one side of the boat to the other in a desperate attempt to get a look at the whale. That's the strategy many people appear to be employing when "investing" these days.
It's been a while since I've seen a company I own stock in look this amateur or inflict this level of entirely avoidable pain on both itself and its shareholders.
I think frustration, indignance, and the like are all accceptable in this instance, however, I agree w ith Retiredcf that if you've actually looked in to this company there happens to be a pretty attractive business here. One I think is worth investing in for the medium to long term.
No doubt, Doug has some explaining to do. Chipping away at this price doesnt seem like such a bad proposition.
GLTA
Rsupreme wrote: retiredcf wrote: While there's no question that managment could certainly have done a better PR job with this issue, the biggest problem here is that there were too many speculators and not enough investors holding this stock. The newbies said I can buy a stock for 20 or 25% below the $1.00 financing which should mean instant money for me. I suspect that many of them found their way here through the buzz and really know nothing about the fundamentals, nor do they care. Now the negative wave hits and everyone jumps off the cliff. A classic example of why you should never have more than 5% invested in one company but also why it's useful to keep some dry powder handy which at this stage, I believe could be usefully put to work. All IMHO of course. GLTA
lol agreed.. retail is fickle more than ever during Covid time.. alot more retail is home.. finicky .. trying their hardest not to blow accounts during this epidemic.. so on the surface GSI looked like easy money... and then all this PP ***t noise. has people running for the hills like the redcoats are coming.... I suspect most will come back when we get some type of clarity.. which I predict GSI could shoot up easily.. and the asks will thin out again.. but its gonna take weeks to have any real normality here