Clearance Sale (Everything Must Go)One of my pigs brought the latest GAI announcement to my attention this morning. The pig was so hysterical with laughter that I thought that he had overdosed on caulk again. But upon further reflection, I suspect that the pig had a non-stimulant reason for his hysterics.
Seems that LK (the President, not the pig) is so desperate for additional gratutities that he generously lowered the exercise price for the soon to be expiring warrants to 30 cents from 40 cents. Now anyone as smart as a pig might ask, why he wouldn't lower the price to 10 cents since the stock is trading at .13. Well the only logical answer is one of two fraudulent scenarios.
1) As with the last warrant exercise scam errrrr scheme, the pps will be elevated to .30+ in order to give the warrant holders reason to exercise. If this fraud errrrr plan pans out, then Mr. Caulkpig would suggest that all shareholders divest themselves of their holdings immediately as the pps is bound to tumble back to Earth much as it did the last time this scam errrrrr scheme was carried out. A shorting of the stock might be in order.
2) GAI management will gather all the warrants and then exercise themselves. You see, if GAI exercises the warrants themeselves then they would be paying 30 cents to themselves which is meaningless, however they could still sell the new stock into the market @ .13 for a pure gain. RJW (the former President, not the pig) was famous for this gambit.
Which ever stunt is executed, I have assured my pigs that GAI management knew what they were doing when the exercise price was lowered. What price will be paid to the regulators should they get wise, will be another matter.