It smelled funny for a reason
by Volker Weber
About a year ago I posted "This starts to smell funny". My bullshit detector was off the scale. So I put the stock on my watch list. I am now taking it off. My bullshit detector was right.
My only advice is: if you sell your company, don't exchange it for funny money.
Comments
Wow... Bid/Asked just dropped from .51/1.30 to .30/.55 at a new low of .50... *not* a good situation for their stock.
Too late we did that a few years ago. I now know what US Chapter 11 entails and what the Administration process means in the UK. :-(
"If it walks like a duck, talk like a duck, it probably IS a duck!"
Did they drop below some threshold? Today, the lookup says:
GBSX.OB is no longer valid. It has changed to GBSX.
Chart is still there, but insider transactions are missing. The $9 target is gone as well.
... and down to .36 today. Not looking good for the FY report due in June.
