If this summer has taught sub penny stock traders anything, it's that these triple zero stocks can and do run. There is a seemingly vast quantity of money ready to hit the ask at any juncture and GTLA might be ripe for that type of action. Mind you this stock is also one you don't want to be holding for very long, but its a momentum play.
Once the inevitable bounce comes the stock should hit $.0008 - $.0010 before crumbling back to $.0001. With today's close of $.0003 the possible gains would amount to a double or triple of your "investment". GTLA is a true gamble, which has a decent probability of paying off, of course you could lose 50 to 100% of your money if the company decides to relentlessly attack the bid. We are leaning on a bounce and a slow down in the selling of shares.
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Well, so far no bounce...it has flatlined at .0003 for three months. However, if the alleged merger with Sovereign manifests, the "bounce" could be more like a spike, never to see triple zero land again.IMO
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