It appears that either someone wants out.... whether this guy or another.
After re-reading the statement/ann one this I find interesting is this comment.
Terms of agreement includes, The issue of 225,000,000 shares and the options exercisable within 3 years at 5 cents each.
Well the value during the negotiations of those 225,000,000 shares was = $11,250,000. Now the value on market is less than $5,000,000. Either,
1) They saw this sell off coming 2) This is temporary 3) A broker is going to support the price? 4) A renegotiation may take place?
It seems weird that a value of shares not a number of shares has been used as the negotiation item. Surely the value is important to the seller, otherwise we may have well as purchased this with seashells.
GLM Price at posting:
2.3¢ Sentiment: None Disclosure: Held
