Post by
carterZ21 on Aug 29, 2021 4:46pm
Calm Down
Hello everyone,
I could not agree more with Gringotts, Hiccup, and Papi. People need to read the press release regarding the accounting restatement and understand the implications, which I believe are very minor in nature. The effect of the restatement does not impact the company’s cash position nor the amount oshares outstanding. Given the new auditors are settling into the function, they clearly are assuming a more conservation interpretation of GAAP prior to signing off on the financial statements on a go forward basis. This process is standard when changing auditors, nothing new. Also, this should be greeted as GOOD news fellow longs! It speaks to the INTEGRITY of the new auditors and CMC management. Why the after market close release one may ask? Easy answer. To avoid misinterpretation and panic trading by ill-informed investors who often hit the sell button before actually digesting the content of the release. Easy to see how that could happen given the nature of some of the posts I’ve read on the board. Again, nothing wrong with allowing investors time to understand the release and make INFORMED trading decisions. Speak of integrity, the MANAGEMENT cease trade order only serves to instill confidence that the company wishes to ensure compliance with regulations.....guess what? Another good move. For those that still do not read press rleases in detail note the emphasis on MANAGEMENT. That means MANAGEMENT can’t trade, all others can.
So what will happen in tomorrow’s trading? I have no answer to that other than to say if some panic selling happens I would expect shrewd longs will scoop up cheaper shares. By the end of this week I expect good upside in the share price.
GLTA longs.
Carter
Comment by
vitalina2233 on Aug 29, 2021 6:44pm
Well said mr carter I hope their is PANIC SELLING, im there
Comment by
goldrainium on Aug 29, 2021 7:28pm
I'm there with you Vitalina scooping up any cheap shares Going to be quite the week
Comment by
vitalina2233 on Aug 29, 2021 8:00pm
their sore because they sold at 1.05 and 1.06 This jerry has done nothing but complain,look at his profile post. I would be pissed id i sold at 1.05 and 6 when it made a nice little run. 70 cents,give your head a shake. I know everybody hates when i talkj about trades but it hits 70 you will see 500k bid from Scotia Relax everyone,its not the end but just the begining
Comment by
jerry115 on Aug 29, 2021 6:52pm
My concern is the revolving door of Board members and the huge need for major financing. DILUTION ! The insiders have made their 10s of millions already.
Comment by
Omalakas on Aug 29, 2021 8:21pm
You should sell and get out. You sound like a clown. Run for the hills. The rest of us will figure it out on our own. It's done us well so far. you guys read PR like you read articles in Playboy