I can tell there is alot of panic on gxy right now, but in reality nothing has changed, if not only got better.
The real reason for the crash in my opinion is because our greedy management decided to hand over millions of stock to institutionals. What would you do with that much stock after a spp? Short it All...
Once the institutions are done taking advantage of the panicked retail investors, they will undo the short. Gross shorts are decreasing now so expect the u turn soon.
I am just annoyed our management issues shares when they could have funded it slowly out of profits. Unnecessary empire building are our expense
GXY Price at posting:
45.5¢ Sentiment: Buy Disclosure: Held
