On the website it states that since July 2013 the board has been strengthening the balance sheet.
Since August 2013 when the stock resumed trading it has plummeted 50% and now there is no income stream nor will be for a long time coming.
Andrew Meloncelli is listed as the 'interim' CFO. This isn't very confidence inspiring and leaves open many question.
There is no doubt that this stock will continue to be a dead stick in the water and it's worth pulling out and growing your capital elsewhere in the foreseeable future.
GXY Price at posting:
5.4¢ Sentiment: Sell Disclosure: Held
