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Agree 100% Why would they continue meeting and traveling to each others headquarters? Why would they invest $950k? After the meeting they released a picture as proof that the CEOs met at PKG headquarters. NOTHING has changed. The only reason people are selling is speculation and impatience. Not good for investing. But I'll GLADLY keep scooping up shares.
The way I see it, is the acquisition is still ongoing. Nothing has changed from the original announcement. We have CEOs traveling and meeting with each other on several occasions, almost $1M invested and both companies sharing the same updates. These things take time and I'm certain the probate issue was a factor in the process. Another issue to consider is that once acquisition is finalized, a rebranding is planned. That also takes time along with any change in leadership structure and definition of leadership roles. Add to that the share ownership and we can see why this might be taking longer. The good thing us none of these actions would make sense if this was "fake" or a "scam." There is progress here. Both Companies are engaged. If this is fake, then it's pretty well orchestrated and would make zero sense.....what would be the end game if this was a 'scam?" Why is the CEO flying to PKG on a 3 hour flight twice in a month for a scam? The guy holds 12M shares and I'm sure PKG will get some shares as well as the cash they already have. BOTH sides gain here. I'm pretty sure the acquisition is coming. Just my humble opinion.
Everything is red today....except GME LOL. RED is the time to BUY.
1 million is enough to confirm that the acquisition is ongoing, otherwise why spend even a dime if this was not progressing? Honestly, if you're scared...sell your shares. I'll be happy to buy.
Time to BUY!!!
That's GREAT NEWS!! Looks like we're getting weekly updates on the acquisition.
Some investors just aren't patient. If they don't see this hit $1 in 2 days they think something is wrong. They forget how long it took to get to .50. This company still has big plans ahead and NOTHING has changed from that. Patience people.
Looks like the bargains are drying up. Glad I bought on that dip.
CBBT has hit .50 just a few days ago. And it's hit $1 a few years ago and the company has IMPROVED. I can't blame anyone for their reasons to sell but honestly, this stock is set to climb to $1 once their initiatives are finalized. The acquisition being the current priority is just the beginning . They actually plan to rebrand and move forward with more R&D and other acquisitions. When we look at the sector and similar competitors CBBT is a bargain...by far. Again, I know people like to make a quick buck and flip, I cannot blame them but this seems more like a hold at this point. IMO
BUY those dips!! We never thought we'd see these bargains again. Probably our last.
EXACTLY. I don't understand why this platform is deciding to stop purchases on these stocks. A LOT of people are angry. They're getting tons of flack on social media.
Seems according to the Trade212 platform CBBT and others are not penny stock exempt. Seems inconsistent because I understand other stocks on that platform are OTC and still being traded.
The 2 companies have had several ongoing meetings for some time including yesterday. The picture posted reaffirms that talks are still active. Great news.
very possible. After the owners death, a million things could have popped up. Certainly did not help expedite matters. Millions of dollars and about 75 employees at stake here. I'm sure attorneys are keeping busy.
EMAIL was posted here earlier from Alan Kiltenik CBBT investor relations. Talks about the meeting with PKG yesterday.
CEO just had another meeting with PKG executives regarding the acquisition. Announcement is expected.
LOL....yeah, he's definitely referring to the dip today that makes no sense since NOTHING has changed, and the CBBT CEO met with the PKG team yesterday. Acquisition is still in the works. CBBT still investing hundreds of thousands in that deal. And ALL parties have significant share stakes involved. There's nothing to suggest anything has changed. Except impatience, speculation and emotion.
NOTHING has changed that took this stock to .50 except people's impatience and emotions. I'm buying and holding. Can't get emotional when trading. So many people get spooked. Great example of game theory and herd mentality.
Trade212 getting hammered on twitter for screwing with CBBT, people are pissed.
Like Warren Buffett says: "Buy when people are scared."
More buying opportunity. AMAZING!!!
There's going to be a lot of profit taking on the way up. Some people can't see the big picture and realize this can hit $$.
Correct, the probate case is closed, however we do not know what interests in PKG was given to heirs or other family members. I've seen cases where 6 children have an interest in a corporation and cannot get on the same page when it comes to selling. We just don't know who has controlling interest in PKG. Hopefully those issues are resolved soon and the acquisition can proceed. I believe both parties want this deal done. The Cerebain CEO has millions of shares riding on this.
Exactly. And what really slowed things down as the CEO mentioned "unforeseen" was the death of the PKG owner. Probate issues take awhile to settle. CBBT attorneys have to ensure no issue arises from that in the future.
AMAZING opportunity to add!! WOW UNREAL.
SAME HERE. LOVE IT!!
End of March would be great to see .60. But if that acquisition happens, could reach .80 or even $1
Thanks, had not seen this.
I haven't seen any articles online to confirm that PKG owner Homy Panahi passed away. Just a Yahoo forum post.
As it climbs, We'll probably see some selloffs of new people that got spooked yesterday, but Friday power hour should limit the impact.
We got an update, with information that the acquisition is proceeding and even more capital has been invested in PKG. I for one, think this is great news.
Same here.Having a former Apple finance executive is huge. Especially during acquisition planning long term. We're probably the only penny stock with an Apple exec as a major shareholder, and likely will be on the board after the PKG deal is complete. Remember, part of the strategy here is a change in branding as well.
AGREED. There's so much on the horizon.
EXACTLY. We're doing fine. And there's a reason these stocks are pennies, volatility comes with the territory. We've also seen how the sector is blowing and so many making real money of OTCs. Lots of us loaded up more shares today.
Brad Vroom. Good to see that name as a top shareholder. He was Apple's Director of Finance. Nice to have him on board with an acquisition strategy in the works.
Bought the dip. Nothing has changed. Acquisitions take time to finalize. Both sides want this deal done.
Would be great to confirm the PKG acquisition this week, but these things take time to finalize, even with a tentative agreement. Could be any day now, both sides benefit and want this done. Just a question of time.
Finally have a chance to buy more. The PKG acquisition AND filings will take this so much higher.
Lots of info posted today on Reddit. CBBT getting lots of attention. https://www.reddit.com/r/pennystocks/comments/lfgon5/cbbt_a_game_changer_huge_dd/