I averaged down and am holding for the longer term. There was always value in the company.
Management just messed up royally IMO. They rectified their mistake, at the expense of all existing shareholders. There is no excuse for what happened before and I still maintain that some things seemed a little suspect.
But as I said, there is definately value in the company and plenty of upside from these levels.
I won't dwell on what's happened as I prefer to concentrate on what's in front of us.
Cheyne.
GMC Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held