![](\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/93\/93854\/gthpchart.png\")
<\/p>\ntags: GTHP <\/p>\n
<\/p>\n
For the past couple of sessions the stock of Guided Therapeutics Inc (OTCBB:GTHP<\/a>) has been extremely volatile. On Monday and Tuesday it posted two positive sessions of gains just to fall hard on Wednesday, wiping 29% of its value. Yesterday investors once again showed significant support for the company and the increased buying propelled the ticker 38.8% up the chart to a close at $0.0068. Will GTHP<\/a> <\/strong>manage to keep the momentum going, though?<\/p>\n Well, there have been no new PRs that could support a more prolonged upwards course. The latest press release came on June 13 when GTHP<\/a> <\/strong>announced that they had received an order for a third LuViva Advanced Cervical Scan<\/strong> and 500 single-use disposable cervical guides. Whatever positive effect this announcement might have had, however, was quickly obliterated by the 8-K filing that was submitted on the very next day.<\/p>\n It covered the exchange of warrants exercisable for 98 million shares, amount that was subject to exponential increase thanks to certain anti-dilution provisions, for 13.5 million shares<\/strong> and new warrants that, if exercised, could result in the issuance of 173 million shares. It is no wonder that investors weren’t exactly thrilled when just a couple of months before that GTHP<\/a> <\/strong>had issued over 18 million common shares<\/strong> and 4,312 C1 preferred shares for the surrender of 1,912 Series C preferred shares.<\/p>\n These issuances had such a tremendous impact on the performance of the stock due to the fact that on February 24, 2016, GTHP<\/a> <\/strong>had performed a 1-for-100 reverse split<\/em> that left them with around 3.1 million shares. By May 17 the O\/S of the company had grown to more than 29.8 million shares. During the 2016 annual meeting of stockholders GTHP<\/a> <\/strong>will seek approval for yet another reverse split in a ratio between 1-for-10 and 1-for-400. If approved the company be able to implement the split at any point during the next three years.<\/p>\n