RE: AGM sanspeine, last year the AGM was held in June with a SGM held in Jan. of this year. Not sure what their plans are with the money, but I wouldn't say they're well funded, but they do have approx. $3.9 million in cash or approx. $0.28 per share.
Considering the shares are trading at about a 50% discount to GBI's cash position, I would assume that the market is not convinced yet of the new management's ability to increase shareholder value.
So is this an opportunity? It could be, but management needs to show their cards and their intentions of how they plan to build shareholder value, and what exactly is their business model moving forward.
I'm not sure what $3.9 million can buy these days, but it's still money, just need to know publicly what they plan to do with the cash. Depending on their intentions, investors will then have a better understanding of how much more money will be needed to follow through.
I do like the small float, and if they are indeed planning of pursuing something to do with geothermal power generation, then let's see how they plan on getting it done. JMO