The most significant recent news for GHT is the release of the escrowed shares held by HAV.
I was tricked into continuing to hold GHT when Bob Johnson, Chairman of GHT and HAV, assured me that the shares held by HAV would be retained for a number of years, with HAV remaining a cornerstone investor, potentially using the stock for leverage in any acquisitions once GHT had advanced.
With HAV now declaring their intent to divest the holding through in-specie distributions and private placements, I wonder how many other investors were lied to, keeping them from reducing their holdings whilst the SP was significantly higher?
The market capitalisation has ballooned to $24M - and I have little doubt that this valuation is now excessive considering the capitalisations of similar geothermal stocks.
GHT Price at posting:
0.0¢ Sentiment: None Disclosure: Held
