OTCQX:GTBAF - Post by User
Comment by
Ghostofrljpon Oct 20, 2019 12:14pm
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Post# 30248718
RE:This sell off is lack of good understanding
RE:This sell off is lack of good understanding Take a look at page 17 on the last Financials. Not the MD&A but the financials. There are a lot of warrants in the money. Its potentially pressure on the downside. And that potential is looking like it is happening. Warrants converted the share count is rising and those cheap shares are being sold for very significant gains.
Just under 1 million warrants for 40 cents.
1.1 million warrants at 70 cents.
We are talking some serious gains for those folks. That could be this round of pressure on the downside.
From the Sept 3rd PR to the latest PR the share count rose by 900,000 shares approx. The warrants are being converted. And they are huge in the money. Low volume is not helping the bulls.
I think the share price will be much higher as well if they keep on hitting the drill results but I just provide an explanation as to why the stock is taking a good correction.