Hi rvajna. My post was an attempt at humour and I have had the moderators delete it because it was misconstrued as something else. I actually agree with you! At least I know we are only 94 cents off the bottom and that is all that is now possible for me to lose. At that point the company will be valued at nothing, so I honestly don't expect we will ever get that low. By comparison, if the share price happened to go the other way (which is my expectation) the potential losses for those 60,000,000 million shorts is unlimited if they cannot find 60,000,000 shares to buy. Imagine what might happen to the holders of those 60,000,000 shorts if the company suddenly announced a massive share buyback and spend $20m or more buying shares itself?
I like typing that figure 60,000,000. It is an enormous number.
GXY Price at posting:
94.0¢ Sentiment: Buy Disclosure: Held
