CEGX is subpenny stock that is almost a full year delinquent in its required SEC filings. CEGX missed its required 10Q for the period ending June 30, 2016, its required 10Q for the period ending September 30, 2016, and is obviously not going to file its required 10K for the period ending December 31, 2016.
Last reported, on March 31, 2016, CEGX had almost no cash, almost no revenues, and was over $16m in debt.
For anybody to say that it will be listed on the NYSE or NASDAQ some day in the future is laughable and shows the very low intelligence levels of some penny stock traders. They should be more concerned about when CEGX will be revoked and will no longer trade.
Rockwell Capital Partners (Samuel Oshana) still has stock to dump there so people should read all 3 lawsuit settlements done with Rockwell Capital Partners to turn some of that $16m+ in liabilities into discounted free trading stock
In those documents I even see debt owed to the CEO, Timothy W. Crawford, (or his family members) that is being passed to Rockwell Capital Partners to be turned into discounted free trading stock.
The February 21, 2017 settlement still hasn't been mentioned by CEGX in any 8k filings. And considering that CEGX has over $16m in debt it is pretty much a certainty that CEGX will see more dilution as a result of all that debt in the coming weeks and months.
Then people interested in CEGX should read this post to understand better about who Rockwell Capital Partners (Samuel Oshana) is and what they do:
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.