With Director Sam lee selling off his shares and delay in one of the major investor in converting his convertible notes. This now not only confirms that GMC are majorly impacted but also make things very risky.
The mining moratorium and closure of mines in Indonesia is getting one of the Directors to sell his shares and now 1 of the major investors is reluctant to keep his money in GMC.
Looks likely GMC will get the extension but this completely proves the point that something is forcing those 2, the director and the major investor to get out but unfortunately for the other hardworking little investors that now get stuck in another penny stock. Out of trading halt i see the Shareprice retracing further due to the sell off. Maybe around the 0.007 and trading around that price. Thats just my opinion and prediction. I could be wrong, but looks like ive been more right than wrong.
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