When was the last time when Green Design Group Inc.(PINL:GDGI) did something exceptional on the stock market? Three months ago, or maybe six months? Not really. In terms of level of interest for this stock, one has to go as far as the beginning of 2011, when there were still high trading volumes and demand. Well, a glance at what happened yesterday is also an option. 
What happened yesterday is nothing else but a sudden explosion. Since the beginning of 2011, there has been very few sessions in which the daily trading volume would go above 100k shares. Yesterday, it hit 7.3 million. All it took was the right press release to come out. The thing is, however, that instead of enjoying a stock price accumulating value by the minute, it was just a trading volume hype. In fact, it was a day of decline, although not a noticeable one – less than 1% in the share price for the day.
Shorters actually also had a busy day. Out of these 7.3 million shares exchanging hands, more than 2 million were due to short-selling activity. Still, it is the sessions by the end of 2011 that would prove whether a major reverse is taking place and sustainable development for Green Design Group is on the way. In the meantime, the fact that this is a pink sheet company should not go overlooked. The balance sheet, for once, is not a source of much inspiration. The latest quarterly statement includes the following: [BANNER]
- $40k in cash;
- $156k in total current assets;
- $1.8 million in total current liabilities;
- $2.1 million in accumulated deficit;
- $121k in net sales;
- $190k in net loss;
So, it seems that there are some interesting sessions coming for GDGI. While uncertainty is still a factor, there are more reasons for hope now.
