I think the market turmoil is a very important explanation, not just for GDN but for the whole OG speccie sector. Every shock has rachetws down the price of the speccie sector. More importantly, on the uptick days, investible funds tend to go back into the cheap blue chips, rather than cheap speccies, which languish at the new low price. Put simply, liquidity preference is high at the moment meaning bounce-backs are dampeneded for the micro-sector stocks. GDN's struggle, at least in terms of shareprice, are significantly driven by this (ie. in addition to recent CR and previous GDN failures). In more bouyant economic conditions, even with all the other uncertainties regarding the economic viability of Paradox, GDN would be at 5-6 cents just by virtue of being better able to reclaim falls caused by the wider market events.
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rick, page-8
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