Glori's Pit Of Shareholder Value Destruction, -76% Downside
- GLRI’s main product, “AERO”, has never successfully generated material revenue over the past ~10 years. AERO is based on old technology they received essentially for free with miniscule R&D invested.
- Big oil companies seem to have trialed GLRI’s product and instead of adoption, decided to focus on other technologies.
- GLRI appears to have failed at oil field development in the past, yet their “new” plan is more oil field development using debt, likely resulting in eventual shareholder wipeout.
- Now, with a wave of investor conferences and broker promotions I estimate an enormous amount of insider stock is becoming unrestricted to be potentially dumped on the market.
- My “Best Case” valuation for GLRI is $2.08 per share for -76% downside, while a more realistic outcome is eventual bankruptcy and shareholder wipeout given high debt load.
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Mon, Sep. 8, 12:49 PM
Wed, Aug. 27, 12:46 PM
Wed, Aug. 27, 11:19 AM
- Glori Energy (GLRI -8.8%) plunges after Pump Stopper's Seeking Alpha article predicts a 76% downturn and "eventual bankruptcy and shareholder wipeout," with the company being held aloft for now only by a "last ditch effort" broker promotion.
- The article says GLRI’s main product, which is based on old technology the company received essentially for free with "miniscule" R&D invested, has generated no material revenue.
- The author notes a wave of investor conferences and broker promotions, which he thinks means lots of insider stock is becoming unrestricted to be potentially dumped on the market.
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