RE: RE: Stock Alert!!Groundhog, good timing as I haven't been by for a bit Unfortunately yes
as of todays trading volumes it would take 226 trading days to unload this. I told him to sell when the insiders were selling way back when the 1st major spike that happened but his advisor at teh time had higher hopes for the stock price. oh well. Some insider buying in December so some insiders like this buying these shares at .03. On the plus side PBM is trading below its book value which is why I took the plunge and bought a few shares personally during tax loss selling season which was bargain central for a lot of this stuff. People that bought their 3 cent shares are looking pretty smart with an easy gain/ great entry point.
Technically,If someone had 2.5 million (which is the market cap currently at .05) they can buy the company outright , get about 2 million net cash out of the company to help pay for the 2.5 million price tax leaving a total cost to buy PAC BAY of just $500,000. At that low amount you can mortgage your home and own this company outright with a lot of upside if one of their properties hits. Don't be surprised if something hits that another "friendly" company may find it more cost effective to take out the junior company then pay it 40% of the future profits. Just speculating of course and since we are flogging stocks I like Augen Capital (due to its exposure to Augen Gold and trading below cash on its balance sheet) .LOL
Will redeem my plug with some Level 2 quotes at the market close today.
GLTA
| # Orders | Board Lots | Bid | Ask | Board Lots | # Orders |
| 3 | 37 | 0.040 | 0.050 | 98 | 2 |
| 3 | 83 | 0.035 | 0.060 | 10 | 1 |
| 3 | 120 | 0.030 | 0.065 | 45 | 2 |
| 3 | 168 | 0.025 | 0.075 | 95 | 2 |
| 5 | 223 | 0.020 | 0.090 | 21 | 1 |