It could just be the cynic in me (courtesy of GMC) speaking, but with everything that happened with Pak Marthen - renegotiating the first "binding" agreement due to a minor technicality, buying himself an extra couple of months to probably trade the stock on market with an over-implied MC, and make himself a lot of money (if he got out before the TH) - all I'm seeing is another high-wealth individual who was given 175 million shares @ $0.005 because he "promised" to purchase an additional 200 million shares @ $0.015, and now, even though all of his disclosed preconditions have been met, he's found an excuse not to.
The stock is set to resume trading a week before his final decision is due, so if we assume the SP falls to the CR price of 1.5c, he could potentially sell his shares for a 200% profit (3x value) and walk away. I really hope this is not the case. Wasn't he also Facebook friends with the company's CFO? I'm not sure if that's good or bad for the likelihood of him sticking around.
GMC Price at posting:
4.2¢ Sentiment: Hold Disclosure: Held
