Kurt, et al, I wonder if all of those 100,000 share trades this week were Revere cashing out a percentage of their recent booty. It would explain the unusual nature of those huge blocks going on in the midst of "normal" trading. Maybe some of you guys with more in-depth understanding of the mechanics can add some knowledge.
If so, not a bad return for a month's work.
Anyway, as upset as I was as to the elongated time frame of the Revere deal, I am equally pleased Revere decided to pony up now. It has to be figured as a positive step, imho, compared to having them hanging out there for the next eight weeks.
As Jaybo continually reminds me, Layton has promised new customers by the end of this quarter, some IBM news will flow (though I am not banking on a major breakthrough), and VA gets closer and closer. And with the Shareholders Meeting June 14, I imagine we will be shown some more progress before that date.
The big negative, as Kurt states, is the need for cash. At what cost? How quickly can VA start driving revenues to minimize the need? GMGC stated $15-20 million will need to be raised in the second half. Let's hope they can get the stock price to a decent number prior to that need. Also, lets hope they can to attract an equity investment from a partner, or that maybe GM will exercise their warrants and buy more shares. Though it will be at a $1 and change, it would alleviate 1/3 to 1/2 of the cash need if my memory serves me correctly.
For some reason, though I have been pretty down on the state of things with GMGC for the past few months, I sense things will be getting interesting again over the next few months. I don't have anything concrete to back it up, but Revere buying all of their entitlement is a nice first step toward a changing psychology.
Anyway, I hope everyone here enjoys the holiday weekend. Same for "heisnotspock" and the RB good guys.
Seconds Out. |
