Global Marine Energy.

Happy New Year all! Why the gloom?

Fundamentals
£8.76M 'delivered' t/over in 18 months to 30 Sept. Run rate ~£500k pm and now profitable. Order book of >£11M (£7m 1 year ago). So more dilution probably not needed.

c£5m from placings+Cornell+RBS funds available. Balance sheet looks much healthier. Chairman £1m invested, Big holdings in co. by UBS et al.

IMO GME's won't sink without reason. UBS et al needed a) reason to buy b) clear exit strategy. c ) confirmation no management team risks (hence option lock-ins)...these before even thinking of investing. They'll have validated risks against Woods presentation (and who knows what was in that?), and will also have defensive plans - probably gentleman's agreement to defend sp at 18p.

I'm genuinely more optimistic than any time in last 2 years Due to under promotion, under researched nature of the co (probably only about 50-80 PI's- total position size 80M shares? have any interest at all). The market does not really know about GME.

Where's the bear?