Why is Galleons value not being reflected in the stock market (as of mid 2009)?
The price of Galleons shares on any given day is set by the buyers and sellers of the stock. As such, Galleon does not control the day-to-day fluctuations of the share price, only the underlying value of the Company. To this end, a great deal of value has been created since the Companys inception and we will continue with the growth strategy that has given us so much success to date. In relation to the stock market, Galleon is aware of a few reasons why our shares may be undervalued. First, the price of our shares has been dragged down with the overall market during the global financial crisis. Few companies have escaped this downturn. Secondly, lower commodity prices and government intervention have created an environment that has caused some investors to turn away from the Canadian oil and gas sector, at least temporarily. Thirdly, Galleon recognizes that we can always do more to tell our story to investors. Positive media coverage, a revamped investor presentation and enhanced discl
