I get the feeling it could be a game that has been playing out over some time. Always had a feeling that management don't give a stuff about retail and happy to see shares passed to the big boys.
If the companies that have been heavily shorting GXY are also the ones who took up the placement, it should be known and if that's the case it sucks. Anyhow not much support from management buying at 75 cents, they are all keen at $1.70 so I see this and the drop in shorts as a sign for our takeoff.
GXY Price at posting:
$2.11 Sentiment: Buy Disclosure: Held