I have GLB from before their disasterous US purchase of Kubic. This is from the days when I 'believed' in companies - and before I adopted stop loss strategies.
They may or may not be on a recovery path, although the management appears to be repositioning the Globe brands across a wider market - as evidenced by their sponsorship of the Fiji WCT surf contest alonside their move into the surfwear market.
This is the broadcast site of the contest: http://www.globefiji.com/live/
The GLB chart suggests a possible bounce play on a breakout of the recent down trendline. It appears there was a 7M off market trade yesterday - at least according to my chart program. Protrader does not show this trade either in course of sales or total volume.
GLB Price at posting:
0.0¢ Sentiment: None Disclosure: Held
