GREY:CHALF - Post by User
Comment by
NevadaRayon Nov 11, 2017 8:45am
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Post# 26944661
RE:RE:This is Just the Beginning....
RE:RE:This is Just the Beginning....My count on the shares is closer to 70M shares out there to be traded. That leaves the other 300M to the insiders. Not sure where you got 128M from? And the only reason there are 70M being traded, is because Peter lent MMCap 12M and they got exposd to the market (9 million short) Otherwise people, not 1 share has been sold by insiders that I am aware of
SMRT1RU wrote: So, there are about 369 Million shares out, about 128 Million are held by insiders (not likely to sell). 9 Million shares traded today and as far as we know (until CSE reporting is out) there are about 10 Million shares short.
I think today's rally is just the begining as when the shares hit $0.28 and $0.37 people can start to convert the warrants. While this will dilute the shares it will also give GLH a cash infusion to ramp up their growth plans. There are just over 100 million warrants with an average price of $0.47, if they get coverted GLH would have a war chest of $47 Million to fund growth.
If shares move higher, there is more pressure for shorts to cover. If shares hit $0.28 people will convert warrants and GLH will get the cash it needs to expand and grow. This should dirve value and possibly repeat if the shares hit $0.37.
There could be some serious momentum with GLH if the share price starts moving!