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15/06/17

11:11

Post #: 25289304
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Originally posted by phily ↑

My stop loss has kicked in and I'm going to watch this from the sidelines until it starts turning upwards again.

My observations are:

1. Management needs to come out and talk about the financial position of this company to give it some credibility.
If it revises its financial expectations upwards that would certainly turn things around.
It is pointless putting out flashy power point presentations and talking about shipments if all the money is being sucked up by the cast of hundreds employed to get SDV & JDV going.
There are many players in the business and by the time they get SDV / JDV going it may not be a viable option.

2. Consolidation of shares has fooled a lot of the shareholders as this share is now around 33 cents at the old pre-consolidation price.

3. This share has been shortened because a lot of people thought the price was too high.

So lets not keep talking blue skies without any substance and come up with a good reason for investing in this company.
We urgently need management to come out and present the financial position of this company without any creative accounting.
GLTAH

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Phily - talking tripe - have a read of the figures and monthly cash surplus being acheived - its all there for you to see my friend.

Share price being manipulated by shorters - actual short position report is always behind but I would guess we are marching towards a 10% short position which ensures an interesting period ahead.

GXY Price at posting: $1.55 Sentiment: Buy Disclosure: Held
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