posted
GVDI had it's 10q out today. sitting basically at it's 52wk low except for a few minutes in Nov when it hit .0011 during an S-8 dump. A/S is 75M and insiders own over 50% of that Here's the share structure. It's been the same since at least april: GVDI — Golden Valley Development, Inc. July 22, 2010 12:42 PM From: "Jason Bogutski" <signaturestocktransfer@msn.com>
The total shares outstanding for this company as of 07-22-2010 is 72,400,000 shares outstanding with 34,345,669 shares free trading and 38,054,331 shares restricted with 75,000,000 shares authorized
"Welcome to the new site for Golden Valley Development. We are very excited to start this new chapter of our company. We have undergone numerous changes in the last 2 years and are pleased to announce we are in the process of merging with a Real Estate Development company. The new company will continue to operate as Golden Valley Development. More information will follow in the coming weeks"
J_U_ICE
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Closed at .02
Brooks
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You see any more spikes like this again in the near future?
J_U_ICE
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Sorry for the late reply brooks. It has great share structure so with some buying pressure it can really takeoff as we've seen already. i think most people are waiting for an update from the company about the merger. I think it's one to keep an eye on in case of a nice dip since I would never recommend chasing anything.