First , i agree CONSOLIDATION of current stock is a waste of time and MONEY. The only ones who gain are the advisors.
Consolidation of shares with the argument , that by consolidation to > $1 the stock can be purchased by some overseas funds who have special provisions that only allow them to buy stock with value > $1.Give me a break ,management GET the stock to $1 by management of operations not by playing divisions.
Second , GBG is now in the RESULTS business. There will be NO rerating of GBG price until GBG provide sustained operating results , POSITIVE cash flow and sustained earnings per share. Once we do that , when we are earning 7cents per share the share price will be 70cents.At that time , blue sky pricing could happen as folks include factors of increased reserves and potential profit growth. Until then , NO Blue Sky pricing for GBG , our pricing is on graveyard watch.
GBG Price at posting:
24.0¢ Sentiment: LT Buy Disclosure: Held
