Maybe they are hoping the fresh batch of ex-GML holders will buy the story and give them some money to keep them going for a few more months.
I have a suspicion that... a) they are nowhere near producing any decent production numbers b) they are sitting around a table wondering where they should dig next c) the non-underwritten(?) SPP will not raise nearly as much money as they need to survive this year d) the bell tolls for CTO...
Of course I likely don't know what I'm talking about as I held this terrible excuse for a company for way too long, and only sold out completely recently when it was obvious to me that this SPP was coming. CTO was an expensive lesson in ignoring the signs for me.
I look forward to the quarterly, in particular the 'cash at end of quarter' line item.
Best of luck to those still holding.
(Arhhh!, for the love of god (or your money) - DYOR!!!)
CTO Price at posting:
12.5¢ Sentiment: Sell Disclosure: Not Held
