Last Friday (4/27) someone commented that GBB trading at $.10 was 'unbelievably ridiculous." Having been at the AGM in Montreal and learning that the path forward will necessarily involve more and more dilutive financings, I in good faith as a shareholder disagreed. Here is my note:
"Unbelievably ridiculous" that GBB is trading at a dime?
Would you buy it at these levels?
Nobody else is.
The company has no money,
They need to dilute present shareholder value by 5% just to raise $1M, as they just did.
$1M doesn't last long.
Another and another and another dilutive financing for small return are inevitable.
$.10? Fair value, but only for speculative investors.
This post has since been removed from the board. Could it be that someone is trying to conceal the truth? Is this post so offensive or "abusive" that it must be censored?
I guess only positive posts are permitted here.
Form your own conclusions about the mentality and the motives behind this removal. I have to wonder how soon this post will be removed as well. Joseph Goebbels would be proud. Good work.