RE:RE:RE:Transcending Deal Burning the midnight oil? Posting at 2:30 am? I will tell you what you're missing: intelligence (and sleep, obviously)!
But a steep rise in stock price will bring out the odd short spewing conspiracies.
Seriously, buying 5 million shares in the open market of a tightly held, thinly traded company would've probably brought the price well over 1$ right then and there. There is no way buying 10 million shares, when taking the warrants into account would've been possible below 1.10$. Just yesterday, we rose nearly 40% on less than 2 million shares.
This unsolicited offer makes perfect sense if it is a large fund wanting in. They don't usually waste their time buying penny sticks in lots of 5000 shares.
The offer makes even more sense if it is a strategic placement by a large client of the company, like Septa, or a new client, wanting to ensure GSI is well-capitalized to take on the new business. This type of deal is not uncommon, and ensures the client participates in the success of the company it is patronizing.
Don't be a #@$... Cover your short, or better, go long, as the story here is still in the very early innings, here.