Great West Gold Inc. (GWGO.OB)

mhertz · 01-15-2006, 02:17 PM

Anyone have any thoughts on this company? Trading at $0.0004 p/share, paying a cash dividend of 25% for shareholders of record as of January 31.

Thanks!

stockviper · 01-17-2006, 09:01 AM

I bought some of this fo rthe dividend play. Actually I read where it is a 25% stock dividend compared to a cash dividend.

stockviper · 01-17-2006, 12:02 PM

Yep, just verified...stock dividend. There was another press release Friday with additional details.

stockviper · 01-20-2006, 10:59 AM

I'm somewhat on the fence... I bought some of this as a specualation.

Although it's a penny stock it is still offering the 25% stock dividend.

Stock price is currently at .0004 per share BUT $1,000.00 worth of stock will get you $250.00 after the dividend. 25% is 25% whether it's a penny stock or Google.

mhertz · 01-20-2006, 11:35 AM

remember, it's a stock dividend, not a cash dividend. essentially you're getting more investment in a potentially "worthless" company.

stockviper · 01-20-2006, 12:09 PM

True...but it is a speculation. Have to do homework...GW owns 5 seperate companies/divisions.

I think there are some others on this board who own this stock so good luck to all.

stockviper · 01-20-2006, 02:40 PM

for a trade!

I just looked at the 5 day chart for this. Every day this stock bounces between .0004 and .0005. If you buy 1,000,000 shares at .0004 and sell it at .0005 that's $100.00 profit. Looks like you can do this several times a day.

I was in this for the dividend at first but now I think I'm going to start trading it to make some quick cash.

stockviper · 02-02-2006, 12:39 PM

Started bouncing up to .0006. Between .0004 and .0006 the last 2 days.

If this was between $4.00 and $6.00 everyone would be clammering over the great trading range.

Thoughts/comments?

Tooty · 02-02-2006, 03:05 PM

IVOC.OB is sort of like the same thing...

stockviper · 02-02-2006, 03:58 PM

Ivoc does look similar! I'll have to keep that one on my radar for a while.

Ivoc may even be better as they have 10 times the volume of GWGO. Price is the same, between .0004-.0006. GWGO has a 25% dividend hitting Monday so we will see what effect that has on things.

Ivoc has more high profile product coming in drug stores in March and more volume.

01-15-2006, 02:17 PM	#1
mhertz valued contributor Join Date: Oct 2005 Posts: 632	Great West Gold Inc. (GWGO.OB) Anyone have any thoughts on this company? Trading at $0.0004 p/share, paying a cash dividend of 25% for shareholders of record as of January 31. Thanks!

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01-17-2006, 09:01 AM	#2
stockviper forum leader Join Date: Sep 2005 Posts: 1,641	I bought some of this fo rthe dividend play. Actually I read where it is a 25% stock dividend compared to a cash dividend.

01-17-2006, 12:02 PM	#3
stockviper forum leader Join Date: Sep 2005 Posts: 1,641	Yep, just verified...stock dividend. There was another press release Friday with additional details.

01-20-2006, 10:59 AM	#4
stockviper forum leader Join Date: Sep 2005 Posts: 1,641	I'm somewhat on the fence... I bought some of this as a specualation. Although it's a penny stock it is still offering the 25% stock dividend. Stock price is currently at .0004 per share BUT $1,000.00 worth of stock will get you $250.00 after the dividend. 25% is 25% whether it's a penny stock or Google.

01-20-2006, 11:35 AM	#5
mhertz valued contributor Join Date: Oct 2005 Posts: 632	remember, it's a stock dividend, not a cash dividend. essentially you're getting more investment in a potentially "worthless" company.

01-20-2006, 12:09 PM	#6
stockviper forum leader Join Date: Sep 2005 Posts: 1,641	True...but it is a speculation. Have to do homework...GW owns 5 seperate companies/divisions. I think there are some others on this board who own this stock so good luck to all.

01-20-2006, 02:40 PM	#7
stockviper forum leader Join Date: Sep 2005 Posts: 1,641	for a trade! I just looked at the 5 day chart for this. Every day this stock bounces between .0004 and .0005. If you buy 1,000,000 shares at .0004 and sell it at .0005 that's $100.00 profit. Looks like you can do this several times a day. I was in this for the dividend at first but now I think I'm going to start trading it to make some quick cash.

02-02-2006, 12:39 PM	#8
stockviper forum leader Join Date: Sep 2005 Posts: 1,641	Started bouncing up to .0006. Between .0004 and .0006 the last 2 days. If this was between $4.00 and $6.00 everyone would be clammering over the great trading range. Thoughts/comments?

02-02-2006, 03:05 PM	#9
Tooty valued contributor Join Date: Oct 2005 Location: Glenview, IL Posts: 299	IVOC.OB is sort of like the same thing...

02-02-2006, 03:58 PM	#10
stockviper forum leader Join Date: Sep 2005 Posts: 1,641	Ivoc does look similar! I'll have to keep that one on my radar for a while. Ivoc may even be better as they have 10 times the volume of GWGO. Price is the same, between .0004-.0006. GWGO has a 25% dividend hitting Monday so we will see what effect that has on things. Ivoc has more high profile product coming in drug stores in March and more volume.