It's already started: http://www.nbr.co.nz/article/geoop-l...ebut-bd-147888
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It's already started: http://www.nbr.co.nz/article/geoop-l...ebut-bd-147888
Drifting back up to $2. Still punters wanting in.
So this company has a lot more potential than WYN and SLI? Hmmm?
So this company has a lot more potential than WYN and SLI? Hmmm?
If it holds up above $2, then it shows that the last capital raising they did was far to cheap and existing shareholders got ripped off. The new shares were for a significant portion of the company so it wasn't a minor dilution. I would be surprised if the founders and insiders stuffed up that bad. Hence I will wait for it to settle.
Market cap for WYN and SLI is still at least double GEO if that signifies the potential of the companies (as opposed to the trading potential).
For those interested in this outfit the comments under the NBR story are quite interesting (The Doctor has not commented yet)
One guy says the sales numbers don't stack and one guy says it is a bit naughty of a shareholder with 200,000 shares writing 'customer reviews' all over the place
Maybe this is what a new paradigm looks like
Well I got this well and truely wrong today , who would have thought of this retrace.
On another subject are there any punters on there who daytraded this today and made money ?, if so give us the trade details, cheers.