Hi there Scrooge,
The recent intraday price action indicates the dominant influence of day traders in the stock. If long term holders were buying in, I wouldn't expect to see these late selloffs. Given the lateness of Friday's rally, I expect profit taking to drive the price back toward 6 cents on Monday morning.
I think that GLF is worth at least 15 cents at this point in time, but the amount of loose stock indicates that the much expected "revaluation" hasn't really taken place.
Good luck
where's the friction? , page-4
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