To All, From StreetLevel:
=== Genesis is likely to be in 'play' Friday and into next week as the
Shorts mounted an attack Friday only to be met with unexpected (to them) buying from professional short-busting groups (expected to continue Friday), rebounding the price at close back nearer the previous day's close after being hammered at one point down to 1.4375.
The Company also issued the following advisory, and Business Wire
republished the list of shares which the Company has stated are invalid, and which are part of the 'shorting' efforts.
In a last-ditch effort to derail the CRIC sale the shorts apparantly
miscalculated that a misdeed in Mohamed Zayed's youth (when he got swept into a seemingly-glamorous entertainment industry group that left him exposed to the group's grey-area dealings and wound up paying his dues to society via a period of incarceration) was not disclosed to the CRIC buyers or others, when it had been.
This phase of his life, which preceded his acquisition of the public
company, was known to all his business associates and the professionals working with the company, and was, contrary to Shorty's expectations, routinely disclosed to the parties to the transactions and the auditors who have apparantly considered the matter as unrelated.
The press release speaks for itself, and GIFS believes that it knocks
foundations from under the shorters, depriving them of their whisper
campaign weapons, especially the aspect describing BDO's validation of $99.25m of the assets in 'question', and which they had even tried to contact BDO itself to undermine, a disclosure which the company received authority from BDO to release only close to midnite Thursday ... the drama continues <g> ... |
