GREY:GTMIF - Post by User
Comment by
earlybird_787on Aug 06, 2010 8:17pm
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Post# 17329794
RE: RE: RE:They will be a major player!!
RE: RE: RE:They will be a major player!!The problem is that investors cannot understand the recent financing moves by the company - they just do not make any logical sense. Why raise cash at these ridiculous prices? Is this a sign that the company will have difficulty raising cash in the future? Is there the beginning or darker days to come? A whole lot of negative signs about the future of the company can be inferred from these recent desperate looking moves by management.
In the past few weeks GMR lost approx. 1/4 or $8M* in market capitalization in order to raise $2.4M, to develop New York lands (which is not the main prize in the eyes of most investors).......and many shareholders voted with their feet today.
*approx. 81 million shares outstanding x (.39 - .29) cents.