Imminent Promo for Nov. PP Units?If past practice is repeated, management will create demand for GAX shares to absorb 4 million that will become free trading on Monday April 3.
On that date, those lucky individuals who got units of one share and a warrant at just .09 and .11 for the flow through, will be free to take their profit. In addition their warrants are exercisable into 4 million shares for .15 cents.
I'm expecting that beginning any time soon there will be news releases and, more importantly, some hype generated somewhere to create demand for Galahad shares. Less certain is what the price will settle down at two weeks later.