Although more debt isn't ideal, I think that it is the right move as it allows GBG to retain a greater portion of a soon-to-be profitable asset. It was either that or lose another chunk to Ansteel. Also it should be more than enough cash to sort out the current operating issues..hopefully providing an adequate safety net.
The pump and dump is no surprise...that happens with all stocks. I'd probably take a quick 20% too given the chance in todays market.
GBG Price at posting:
5.0¢ Sentiment: LT Buy Disclosure: Held
