I am optimistic as well. While there have been questionable management snafoos, the real culprit here is the world economic meltdown and resulting cash shortage. As of 2 months ago the financing WAS in order. And that financing source DIED.
VA appears to be the next logical step in the process. GBM is not going to be the last we see to go this route.
I have personally spoken to management and they are not stupid, seat-of-the-pants operators who have thrown their hands into the air.
And, yes, if it goes under, I have lost my shorts as well.
GBM Price at posting:
3.7¢ Sentiment: None Disclosure: Held
