Vasco and All,
I am tired of all the crap on the thread about Genesis. It is apparent
that the shorters are doing everything in there powers to slam the stock and scare off the young investors... As I see it now, it is a great buying opportunity, due to the sale which will close over the weekend. I have purchased a few more today, but (fran) got most of them, to say the least.
Also I have heard a very very strong rumor that a news release is in the works, due to come out before the end of the week, announcing
a deal that would generate Genesis 500 million a year in revenue. From what I have heard, this deal has been in the works for over two years,
and a agreement is in the works.
As for the market today, (fran) was the only Market Maker at the bid.
There was some scared young investors selling into (fran) hands to cover there short position. As you remember last Thursday, the same thing happened..It is rolling now, and if the buying starts up, come Friday, the shorts will gain nothing. Remember that it rolls every three days....
I have also heard that the CRIC Deal will close on Monday, and there should not be any delays.... The paperwork is in for final draft, and will be released Thursday to the buyers and the sellers for review and
signature.
The 144 shares in question, will not be released on the 29th, due to the counsel of Genesis has not deemed them legal, as of this date. Those are the only shares that come into play at this time..
And last and final, the lawsuit in question, has, or seems to have a happy ending for both sides...From what I have gathered, both parties
have been comunicating, and I heard that they have come to some type of agreement. I understand that a press release is in order on this matter, and should come out when settled.
As Always, these are my opinions, and should not be taken as a Buy or Sell hype.
Happy Trading |
