stock analysis issue, page-2

glx Looks as if of the option holders only 42.8% have taken up the 6:1 conversion options:shares. Hope this is not a reflection of the inability to post forms out...anyhow,

That makes pre-consolidation 69,440,241 shares
post consolidation- (2:1) 34,720,121 (price based on last listing x 2 = ~$0.30) + 18,060,000 in capital raising ($0.20), weighted value per share would then be ~$0.265......??!!??

Could be some dangerous first up trading if GLX is listed at that price, some 32% profit for the taking for those who came on board via capital raising. Be interesting to see how the market will react......roll on Monday!