Global Thermoelectric - SOFC Fuel cells (GLE:TSE) Message Board

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Gold/Mining/Energy : Global Thermoelectric - SOFC Fuel cells (GLE:TSE)

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To: slick stevens who wrote (18)	4/9/1998 12:02:00 AM
From: diddlysquatz	Read Replies (3) of 6016

There are a lot of things happening behind the scenes with GLE. The financing was oversubscribed and several brokers (Cannacord) who thought they were going to get a piece of the financing were cut out thereby being forced to buy in the open market. Several other firms were hoping this financing would not close so they could take the offering. It looks like several institutions participated and left a lot of retail buying out. The thing to be aware of is that this financing is free trading very soon, a lot of these investors will be selling the shares ($0.90) and keeping the warrants ($1.05). I wouldn't be surprised to see the stock come under some heavy selling pressure over the next several weeks keeping between $1.00 and $1.30. Make no mistake about it this stock is going to get touted as another baby Ballard. The people who have stepped into this are huge. The hype machine aint anywhere close to having started. This company deserves to be trading at $2.00 with no promotion where will it go with promotion?

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