GSE’s stock had been at a year-long high on Dec 31, 2003. By January 3, 2004 the company’s shares saw a significant drop to $17.96 after they announced their merger with GEO Holdings Corp., a newly formed entity indirectly controlled by Code Hennessy & Simmons LLC (CHS). Stock prices then increased to $18.15 on January 3, 2004 and have held relatively steadily coming in at $18.14 today. The Exchange contacted the company and requested that the GSE issue a public statement indicating if the unusual activity could be explained by any corporate developments. The company stated that its policy is not to comment on unusual market activity or rumors. Will the pending lawsuit filed by Twist Partners LLP have an effect on GSE’s future prices? Geosynthetica.net will keep you informed.

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