Marygold Companies Inc (MGLD)

[Dont Try To BS Me]

DrD, the points you should be pondering are the ones I made days ago about getting into CNCG only WELL AFTER THE REVERSE SPLIT. No one is arguing against CNCG in the long run, but why waste capital on a stock that will lose value even after the R/S while it tries to find its footing as do all stocks that undergo 1-for-Whatever haircut.

CNCG has received approval from the SEC and will execute by year's end a 1-for-30 R/S to get us above a dollar and off the penny stock merry-go-round. Hopefully this will eventually allow CNCG to be viewed by the street as something worth investing in. Anyone is greatly mistaken if they think that CNCG will suddenly spike quickly afeter the R/S without the required quarters of stellar earnings akin to the last Q.

Reverse splits do not impress Wall Street or attract attention at this level, but solid earnings over a period of time will. So, I reiterate, what the stock price will do in the interim post-split and until their financials impress a wider circle of buyers can't be good.

Only the speculators and to greater extent, the market-makers, will be playing games with this new stock price for some time to the peril of the true investors who try to outguess them. Keep your powder and your money dry until later or at least until you see CNCG at a price that you can't live without and decide to go for it.