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Microcap & Penny Stocks : OTC: Pink Sheet Stock Picking Challenge

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To: WR61499 who wrote (4587)6/17/2008 7:24:43 PM
From: jmhollen  Read Replies (2) of 5455
 
Actually, FreeRealTime shows the past year low at 0.003 ..that just occurred recently..) and the high at 1.50. But the volume up until the last month has been quite negligible.

I talked to a friend today who has commercial broker-level data access to trading info (..about another stock entirely..). He advised me that Nasdaq has had numerous glitches over the last year and particularly this last week that have resulted in 'trades' that "..haven't happened.." being recorded for lots of stocks - some of which are even de-listed. Hence, the spread above could be bogus due to Nasdaq data errors.

One of SI's many alter egos of ChickenMan posted a News release about GLCC taking numerous measures to recall a dividend, put a stop to Naked Shorting and related failures to deliver, and pursue some legal action against the Perps recently. MONEYMADE followed with some trading info posts. It looked like there was enough going on to warrant a Board; so please see the previous link.

Sounds like they are dead serious about protecting their company, and maintaining more-than-required transparency with Pinksheets.com until they move up an exchange or get bought out by somebody. Presuming that GLCC is planning on building out pseudo-7/11s all over rural and metro China, this could be a good Casino Money collectible with potentially healthy returns. I've only spent about 30 minutes checking it out to date.

My Dad knew the gentleman who stated Casey's convenience stores in the Midwest, and that fellow ended up being extremely wealthy. I don't own any GLCC at the moment, but I'm giving it some serious thought.

John :-)

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