We'll be seeing a lot of investors jump ship over the next while. This much is already evident, with the share price dropping and continuing to drop to 30-32cents ( for the short-term imo)
What is fact, however, is the company will start making money next year. The company will go from having no revenue streams, to one that is pulling in 110million(at least) a year. The current beat down on the share price is reasonable, but remember with every sell there is someone who's buying up all the cheap shares.
Keep in mind, if you think this is ALL short sellers, I'll be the first to call this accusation out as B.S. No short seller invests in a stock near 4-5 year lows. The reward vs being caught with your pants around your ankles is significant.
This is the short-term investors being shook from the tree.
GXY Price at posting:
15.1¢ Sentiment: LT Buy Disclosure: Held
