OTCPK:GWAXF - Post by User
Comment by
Toweringmarson Jul 09, 2024 10:03am
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Post# 36124270
RE:RE:Going private
RE:RE:Going privateWow thats sketchy. I didnt even realize he bought 500,000 shares the day the hold was released. 500,000 @ 0.12 to flip at 0.15.
Guy made a nice 15k on a 3 cent flip.
Greasy
I agree with Investor416, there needs to be a forensic audit here.
Seems like they kept the lights on as long as they could to get a paycheque for not really doing anything.
ozbob wrote: Another thing that bothers me is that buyers since the decision was made may not feel as aggrieved as holders of long record and might therefore support the plan to realize a quick profit. A fair process would exclude these buyers and apply only to those minority held shares at the time the decision was made. A case in point was the board member (insider but not part of the acquiring group) who bought a whack of shares a few days back. Peter Quintilliani bought 500,000 shares for $60000 and that really stinks because, as a board member, he has already recommended acceptance of the offer and is unlikely to vote no, thus making it more difficult for the rest of us to get to 50% plus one.