RE: RE: RE: NEWS - Financing GGUP you couldn't say enough good things about this company two weeks ago and now it's garbage and ready for the dumpster?
Adding 17m shares, based on yesterdays market cap, means today the 110m shares outstanding are worth just under 3.5 cents.....and this is going to kill us?
There will be opportunities for management to persue in the next two quarters and they need some cash to do it.
If this is a 4 or 5 bagger in the next 12 months like some think it is, then the starting point of 4 cents or 3.5 cents doesn't make much difference in the big picture.
Granted, the investment community probably won't like it, but if the cash raised is used properly everyone gets rewarded.
Methinks your day trading this anyway...........so the reality is you were just given another opportunity to flip this a few more times in the next week.