GREY:GTMIF - Post by User
Post by
earlybird_787on Jul 16, 2010 11:14am
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Post# 17274897
Weak Hands
Weak HandsThe price has settled down this morning, so I guess the weak hands are all gone. Smart investors should understand that the company MUST continue to issue shares to raise funds for its programs. However, I agree that the timing of yesterday's announcement was rather poor.
New shares should only be issued after a price run-up in order to minimize dilution, or if there is a desperate need for cash. None of these conditions were satisfied prior to the share offering. Hopefully, management will learn from yesterday's experience.
The next six months should be interesting, so I am long and strong.