Does anybody have any info on this outfit??
What is your take on the following???
*Current share price $0.105
*$10M in financing at $0.64 US per share.
GTI - listed on the TSX Venture Exchange
Shares Outstanding: 25,000,000
Insiders own: 48% of outstanding shares
Current Price $0.105
Its hard to believe that this share price is at today's price. Any serious investor should read up on GTI, and the last news release is somewhat complicated to understand, but extremely important to the company's future.
They closed $3M US in financing with the option to increase to $10M.
They are issuing 5.8 Million shares at $0.64 US per share, thats more than 5 times today's share price.
The release was made back in March, and we are expecting to have a News Release with all the details within 120 days of the last release, which means we should see news late June 2004.
With the share price at $0.105, and financing closing at $0.64 US, this is a sure grab. Do your DD and read up.
With this financing alone, we will see a cash value per share of over $0.25US.
Worth a look.