GWA Group Ltd V.GWA

RE:RE:I've never seen

[Toweringmars]

This thing hasnt recovered from its last consolidation and you're proposing a new 20:1.
You think that is the main thing on the mind of these investment banks and payday loan lenders? The float size?

The debtors took the shares because it was better than fighting each other for a peice of nothing in CCAA. At least this way they can vote on how they die.

They havnt released the results of the first kick at the bulk sample can, but its the float size that's the problem?

Something tells me the gold in the ground might be worth a few pennies in some majors reserve numbers, but thats about it.

That golden doorknob might as well be a portal to Northern Dynasty's Pebble mine.

Tim2Agami wrote:

Toweringmars wrote: Insiders lock up a company this bad without doing a single thing...
This is getting out of hand.

On the other hand, those who were debt holders have taken on the risk, which seems to be based on that very insider perspective, of turning their debt into equity, no doubt with the broad hope (based on the same insider knowledge) that their shares will, they think, eventually turn into a Future Fortune that is greater than 16 cents per share, and, for the Big Brothers, greater than the 25 cents a share they bargained for, and that a debt-free, equity flush Corp will lead everyone to the promised Lush Land in Timmins.

It's not happening today, with new 52 week lows, but there are other forces at work: small retail bagholders engaged in tax-loss selling and rebalancing accounts before the end of the year/quarter, or liquidating to meet the cash crunch of the Omicron closures, or just giving up from exhausted patience since days of the Blasted Portal.

If shares at 25 and then 16 cents seemed like a good deal to the insiders, will not 14 cents put a golden glint in the eye of an opportunistic prospector? 

The flood of dilution, of course, has been enough to float Noah's Ark, but that can be addressed by a consolidation, say 20:1, to bring shares outstanding back in hand, and perhaps bring out some lipstick to hog a dance partner on a Sudsbury Saturday Night, if not for making a silk purse.

Year of the Tiger approaches, ending the grip of the last three-year sequence of Rat-, Pig- and Bull- years (to each of which may be appended an appropriate sphincter-related suffix describing what the years have been like)

Hu Nian Kuai le