The announcement lacks detail, it wasn't exciting at all in my mind.
There was just enough info to create some excitement to push the price up slightly and give everyone false hope for something that could prove to account for nothing of economic value?
This is what they are good at, e.g. filtering through snippets of info that sounds exciting and pushes the SP up a cent or so before it retreats again due to heavy selling.
This sort of information baiting will give some of those people in the Know, more opportunity to offload some shares at a profit before more negative news sends the SP south again, of which they could already be aware of?
Sorry for being so sceptical, but this stock has been like this for the last 3 years and is now making me highly suspicious of the management, especially when they insist on issuing them selves more free options for shocking performance, and Morgan's own little shelf company under writing loans for the issue of millions of free options whilst getting paid 8 odd percent or something for the money he loans to GGE, that's if any money actually changes hands?
One has to wonder???
Massive Conflict of Interest)in my view e.g. his other company lending money to GGE. I don't like it.
I will give you another example of why I don't trust this lot any more. I rang Endeavour Corporate who are being issued $16,500 worth of GGE shares (refer to the AGM document)for consulting fees.
I spoke to the lady on the phone at Endeavour. I proceeded to ask her what sort of consulting they do and she said "corporate" and I said "but what do you specialise in" and she couldn't even describe what sort of corporate consulting Endeavour actually do? Its seems like its a front for skimming cream of the top?
She also told me that they don't do any consulting for GGE? Go figure?
All I know is that Mr Mark Pitt's was or is associated with Endeavour. My question is, what was the nature of the consulting? This is such a loose term "Consulting" and is open to fraud or unethical behaviour regarding what form of consulting took place and what consultants do or DONT do?
All of these little companies that Mr Morgan has been involved with have never amounted to being much at all, so it makes you wonder?
You see the names of these people like Mr Morgan and Mark Pits on the board of various small companies, and at the end of the day, I think they are professionals at milking shareholders of their money and making money (salary and options) for not doing much at all.
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Mkt cap ! $9.428M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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Price($) | Vol. | No. |
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0.5¢ | 439033 | 4 |
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8 | 10470009 | 0.003 |
8 | 5150009 | 0.002 |
8 | 12300009 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.005 | 439033 | 4 |
0.006 | 1192856 | 4 |
0.007 | 761000 | 2 |
0.008 | 450000 | 1 |
0.010 | 200199 | 1 |
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