Jim, I've been watching this stock closely since the
Web Ranger announcement Dec 18, and bought in at .12 on Dec 31.
I'd say that judging from the January 2-7 activity, this
would be a good bet to buy BIG at .43 then. However, since
virtually nothing has happened since then, it's becoming
more and more of a long shot for producing big returns.
Actually, I think the ONLY way UP without closing the spread
is your basic market manipulation by the insiders. With a
spread of .06/.37, no outsider would touch this stock and
no amount of PR will stimulate a rally. I'm BANKING on
a BIG TIME manipulation ending up between $5-$10 within
the next 2 weeks. This would put the market cap of the
company back between $5-$10 million, where it was last year.
If the product and company are legit, than a bid of .06
gives GBUS a market cap of .06 X 1200000 shares, or $72,000.
At the ask of .37, the company is valued at $444,000; so
someone could buy controlling interest(51%) at $223,000.
This would seem to make the company extremely undervalued,
considering they just acquired another company last year
for $3.5 million and have just introduced a cutting edge
product(Web Ranger) and further plans to capitalize on it
(Buying an ISP to provide Internet Access for the Web Ranger).
Good Luck. |
