RE:RE:PP not close yet....Perhaps you should try reading the financials. At the end of September they had 10K cash. 38K taces comming back, 600K investments. They owed 250K. That leaves 400K. What is thier monthy cash burn? They are a junior, they always need money. They are not in any seriouse trouble but they do need money.
Krispin wrote: SirHumpsAlot wrote:
Perhaps the company is having trouble filling the PP? People close to the company might be dumping paper at 13-15 cents to buy it back for a dime. This is the problem with cheap PP's. The bog the stock down. I assumed the PP was going ot close last week when the price started to tick higher.
My guess is that PP was more of a "favour" for a friend of GGX then it was a need for funds and all of those shares are going to a very small group of investors (1 or 2 people) who wanted in but not at retail.hopefully it closes before Christmas.