Stock released a week or two ago that it was profitable, and growing at an enormous pace. It has since retraced from .22 to currently .07
Last 5 days have been very down days in regards to its price and I am hearing that a PR will be issued midweek. Watch for a retrace near highs possibly
Posted by rider3160 on :
i would get in now l2's look good
Posted by jordanreed on :
quote:Originally posted by Zacktrade: Stock released a week or two ago that it was profitable, and growing at an enormous pace. It has since retraced from .22 to currently .07
Last 5 days have been very down days in regards to its price and I am hearing that a PR will be issued midweek. Watch for a retrace near highs possibly
where did you hear that? source?
Posted by metal1 on :
well, based on their most recent 10q they have had quite a bit of dillution and they expect to continue to issue more shares to pay their debt. they aren't in as good a shape as the earning report would make it seem. we'll see what the next 10q looks like.
Posted by rider3160 on :
its going to have a good day L2's look nice
Posted by Zacktrade on :
Metal1 has been bashing this on all posts. The dilution is not taking place yet and may not even take place.
It was necessary in order to grow the company to where it is now. You can't go from 10,000 loss and almost no operations to 15 million in revenue in a quarter without issuing stock in order to acquire companies or pay back debt which was lent in order to acquire their new profitable CLTA. On August 14, 2005 Global Concepts agreed with G&H Management, LLC that the warrant issued to G&H Management in April 2005 would be cancelled. The warrant had given G&H Management the right to purchase 40 million shares of Global Concepts common stock at $.05 per share.
Also, the possible shares to Cornell financing will not be able to be traded until at least Jan 1st, 06. In my opinion, they will just pay it off with their cash instead in order to benefit everyone.
Posted by gmh37 on :
Zackpost I liked GCCP, untill I found out about their Financing with Cornell Cornell is BAD news. I still own some shares, but don't know for how long. GCCP - is a great company within itself, BUT CORNELL ??????????/
gmh37
Posted by Zacktrade on :
I know, i understand your feelings on Cornell. They are a greed-driven company from my understanding. It's like doing a deal with the Devil.
Luckilly for us it is only 1.8 mil or 2.5 after interest; that is nothing for a company producing rev's of 20+ mil...they will be able to pay it off without negative effects on shareholders.
Posted by Zacktrade on :
Anyone paying attention to these posts? I don't post for myself here...Every pick I have given so far has gone up 100% or more (except one which only went from .075 to .115). Posted this one at .07 2 days ago now.
This should retrace back to .13 by friday, possibly .15 if it breaks the .135 resistance. The RSI's are still extremely low. Good Luck to all on whatever you decide to trade :-)
Posted by rider3160 on :
I have the same feeling I dont think people pay much attention to posts b/c i posted PTII and I think only one person replied. I posted at .82 and it went to 1.45 the next day. With this I believe iot have much more to go from where it is now