3500 shares have changed hands in the past 3 days for a total value of $105 plus trading fees of atleast $30 (min. 3 trades). This is bad enough but we have had many days of minimal or no shares trading lately. I know there will be some saying "This is Great that the shares are in strong hands and will not let them go for .025 or.03." but it also shows that our story on the street is that we are not worth more than .03 as nobody has put a bid in higher than that. Again if our insiders cannot or will not invest a couple hundred dollars every now and then why would Joe Public?
Management needs to lead by example with 1) Buying a couple thousand shares every week (only talking about $60 + 10fee=$70) 2) Atleast bi-weekly updates for the next 6mos.
I understand they changed things to reduce their salary by 25% and a deferral of additional 25% which is Great. Before retiring (4yrs ago) I lived quite nicely (raising 2 children) for many years on a base salary of $75,000 and I didn't have a company write off/charge many expenses to eg. car, gas, telephone, internet etc. so I am confident $70 every week won't be a burden. They of course may buy many more but it would be a start.
I just couldn't resist commenting on the 3500 shares in three days. Rediculious.
GLTA
JMH