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Don't hold your breath on a rebound. I was glad that they did a reverse split so I could sell off completely and not get hit with huge commission fees. Gotta love going from 25,000 shares to 25.
For those who don't know, this stock was about .27 cents about 10 days ago. It is headed right back to .0003 where it was before the R/S.
Gateway Announces Expansion of Their Retail Distribution
LAS VEGAS--(BUSINESS WIRE)--July 12, 2004--Gateway d.b.a. The Right Solution (OTCBB: GWAD) is pleased to announce that on July 6, 2004, the company opened a distribution center in Phoenix. Gateway is 51% owner of Quality Distribution Services of Arizona which will begin distribution of beverages to local stores this month.
Rick Bailey, president/chief executive officer, said, "QSD of Arizona gives the company the ability to expand our distribution, increase our sales, and reduces our cost of goods. This agreement enhances our ability to compete in the distribution business and offer competitive rate and services to our customer base. We believe our entrance into this marketplace will add tremendous value to our business."
A number of statements contained in this press release are forward-looking statements, which are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements involve a number of risks and uncertainties, including the timely development, and market acceptance conditions, successful integration of acquisitions and the ability to secure additional sources of financing. The actual results that GWAD may achieve could differ materially from any forward-looking statements due to such risks and uncertainties.
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Yes , i was right in my prediction. The HOD yesterday was 0.01 but i sold to early (0.007). Now i'm waiting for lower prices and think begins to buy between 0.003 and 0.004, if it go lower to 0.002 i will buy more shares. To watch this one GWAD
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At the risk of being 100% wrong again, I still say you're crazy. This thing is going to go back down to the .000X level soon. I hope they release a juicy p/r sometime soon as that's when it bounces. If they don't, it will fall every day.
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tiago, This thing doesn't have a perfect entry point. You'll see little bumps here and there that are usually associated with a p/r but all its going to do is fall and fall until its worthless and then do another reverse split. This is what this company does. The r/s of a month or so ago was the third one in as many years and they'll do it again when this gets down to .0002 or so.
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I don't think you can. It should appear on their next 10Q but that wont be out until mid August. I can tell you this much, the reverse split took the outstanding share count down to 7 or 8 million but they left the authorized at 25 billion. They WILL sell all 25 billion of those shares and it seems like an awfully short time to have dumped all of them already. My hunch is that the dilution will be ongoing for quite awhile.
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filemon, are you being serious about this stock? this is possibly the worst stock you could get in to. I wont tell my bad experience with this stock...
dont buy this stock, it is the biggest scham there is. take peoples warnings and AVOID THIS STOCK
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