RE: RE: RE: Any one knos the follow trasaction meaHas nothing to do with the private placement.
You have investors reestablishing positions in GAP, and taking advantage of those who want to tax loss sell.
It is perceivable that it could be difficult to get involved in further private placements going forward(as it was in the last one). If that is the case, those who want in will be forced to partake on the market. Also keep in mind that some of those tax loss sellers will be coming back into GAP in January...Some will not, but a good portion will.
I will be shocked and amazed if the latest PP investors need to exercise their option on getting Bryden to buy back the shares at 14 cents in June. Bryden can pretty much do what he wants with this stock....Keep that in mind. He can easily clean up the market to 14 cents any time. Also keep in mind that Bryden has a little bit more at stake with the guarantee, therefore he has a closer eye on the operations.
If you think like me that there is about a 90% probability that this is trading North of 14 cents by the time June rolls around, then if you buy at 11.5 cents you will be getting at least a return of 21.7% return in 6 months. That is why there is so much support at these levels.....and will continue to be. Bids are building, tax loss sellers are dwindling....This is going higher soon.
Do your own DD.
Have a good rest of the weekend.