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I, unfortunately, see it as a very poorly run company that prob will not amount to much. I still have shares, but only because the loss I have taken since 2009. I held long hoping for something, but have nothing now. The the reverse split, I need a $2 price to break even or 100K free shares. Not sure I will ever see that. Buyer beware
This is totally my opinion and based on following this stock since 2009.
I had a .175 order that missed by a cent. Oh well! ;) This is all very enjoyable! Buying and holding MJNA.
At 820pm ask is .48 and bid is .05. Hope to see .48 w/ .47 in the AM.
JMO.
Happy Investing
So awesome! Good post.
Disclosure: I am long in MJNA as well.
It tells me to call... Hmmm. Guess I will call... LOL
How do you purchase 30-40k blocks of shares on Fidelity? I can only get 10k blocks. Do you call them in?
I am still an amateur, but I just deleted a certain seeking App from my phone. Their stock is about to plummet... Go short it! LOL
I am an amateur but, IMO we close at .44 today. Good day for the day traders and for those shorting to get out. Criminal record to concern me if they are continuing to commit crimes, I do not believe that is the case hear. We would never have made .50 if that was the case.
Are we seeing support at .40 now, or is it too early to read into the chart that much?
The gap will close as Monday approaches. Not to worry.
Until CGAQ produces a deed and records profits in there quarterly reports and othe such legal documents, this all means nothing. Good news, but means nothing till proven.
The longs already have an insane amount... I have 10K into this over 4 years.
A huge sell off would mean that there is a huge buying spree. You cannot sell without buyers. If that buying spree happens, along with a price increase, I do not think a "sell off" would hurt. It would prob create a new "sellers:" market with the increased demand.
I also believe that this stock price is not going anywhere till the majority of the shares available (about 90%) are purchased and no longer available in the market. Once they are, a demand will begin for them and the price will rise strictly on supply and demand. Of course this will cause the price to stay right were it is till then.
As long as shares are being bought, and small chunks are taken out of the shares available to the market from the company, I am happy. When it becomes all of us just handing our shares back and forth for the same price with no new buyers, then I will worry.
Buyback program is not helping the situation though...
My Opinion Only
Chade014, prove he does, I see a lot of articles about JD, but nothing that directly connects him to CGAQ... no on the fringe, or through a company, through a company but directly... Granted, I might be missing it.
Please connect all the dots for us.
Vapor
This PR and rise in price have provided new reasons to buy the stock, although I agree small (Beverage Distributor options, not just tied to Bionic Tonic). If your not in, it is my opinion to get in on this highly speculative stock now with some "wet" concrete way ahead. If your in, I say HOLD, but do not buy more till we get another "true" progress report to firm up the road ahead.
Not being mean or disrespectful, but all the same OLD excuses why "not" to by the stock are truly getting old. You all make valid points, but the record is starting to skip way to much!
Failure always precedes success by those who do not quite at the first attempt!
IMHO
Looks like it is all connected to TOMI.pk?
Jmo
Vapor
Did anyone see this?
http://seekingalpha.com/article/417441-las-vegas-sands-wynn-should-have-no-trouble-rising-20-or-more-this-year?source=yahoo
It was back in March...
Vapor
Finally, positive DD and not drama. It may not mean anything, but at least it is not "spun" one way or another. We need to get back to this level of DD, it was the reason I first started following it.
Holding to the end of the year sounds like a good plan as well.
IMHO
Vapor
Calm before the storm! I am looking for a great PR release when a deal is "done" this time. It will take time, but CGAQ has learned its lesson on releasing bad PRs. Another bad or poorly written PR will send the longs running. Until then, we are still here and expecting to make money on this speculation stock!
IMHO
It will either be big, or bust. I give it one year. imho
I would like financial information confirmed by a third party. No more press releases.
CGAQ, I second the motion, do not put out any PR that does not have signed, sealed, deliverable results! Even if that means the next PR is six months from now!
Maybe we all should buy the Kiosks and fill the slot parlor and take the profits directly?
We need some Christmas news today!
Happy Holidays!
Vapor
Chade,
Thanks for re-posting, at the time I did not know it was you that was writing the pr's. That certainly was better than previous by a mile. I do remember reading it and thinking, "they finally found someone". I hope CGAQ attempts to come close to that release with as much factual information as possible.
Thanks,
Vapor
I am sorry, which one did you write?
There is an "ignore" button....? Just kidding chade! You present a valid argument that helps keep a somewhat balanced message board.
With no concrete news on fight numbers (profit/loss), slot parlor (profit/loss), or facts (take over costs) about how the track deal is actually going to work, I agree, it will be time to leave this stock (at the right time and incrementally).
Factual news (good or bad) will at least build some trust, anything less will certainly seal the deal for many on this board (IMO).
I need .04 to begin a break even play for this stock. In my opinion, that is very possible with a longer term strategy then an end of year miracle. The miracle is welcomed, but we must be real about this... This stock will not begin to move until all 500,000,000 shares are in private hands. Until then, in my opinion, expect to hang out around .01 and lower.
Hello All,
Looks like the track is (has been) back operating since it made the news...
What are the results of the survey?
I will continue to hang onto my stock, we were at this level this time last year and I thought it was done. Maybe, we will see some movement once again with all the energy being released on this message board.
I will be on vacation next week, I think I will be watching closely or totally forgetting that I am invested...LOL
Vapor
Until all 525,000,000 authorized shares are released and on the trading floor, hopes of this stock jumping out of its skin are slim. Not to worry though, we alread have ours ;)
I am still on the 1-3 year plan with CGAQ having begun my investment about two years ago (it was the 3-5 year plan then)... Anything happening before that time frame is bonus in my opinion.
Creating something from nothing is a highly demanding task for any one person or conglomerate. I am glad Mr. Swank and company are trying because I do not have the time and probably not the effort either!
If the CEO is (planning to) selling shares, I am sure it is not at a profit, it is to make ends meet to continue providing an opportunity for the rest of us.
I understand some may be frustrated, but let's not be negative unless it is supported by factual evidence and opinion.
I like were the price is, it fits my monthly investment plan :)
Just my two cents... or in this case 1 cent ;)
Could it be possible that CGAQ could be waiting till 1 Jan to make announcements to take (or write off) the losses for 2011 and start profits in 2012?
I'm not sure the legalities of that, but if it would help the internal financials, that could be the reason for the slow roll on information and action.
At least the stock is moving around a bit again, flat line is much to boring! ;)
IMHO
Slap x 50K...LOL Not sure that will do it, but worth the extra money to purchase Christmas Gifts...LOL
I am interested on traveling to see CGAQ! I was wondering if anyone can provide info on how to travel down to see the fight? Myself and another shareholder are planning on going to check out the operation and the fight. Hopefully, get to see the casino in operation as well.
therealvapor09@gmail.com
I just bought 60K shares so I can buy a new car in cash when this thing hits $1.
If you are not in it for 2-4 years from now, find another penny to invest in... in other words "please don't buy stock"... ;)
my opinion,
Vapor
I am not going to worry. I am free rolling with CGAQ. The "loss" I am currently seeing has been made up by other investments in my portfolio.
2-4 years in my opinion till we really see this stock soar!
I have not seen the ad, I am still looking for it. But, any media coverage is good media coverage.
flaflyerfan, my experience with past pennies is playing into this longer term strategy with CGAQ. I have been in the research/chart reading get in / get out mindset with pennies before only to get out at a loss about a few months before the penny hits. Nothing more frustrating that picking a winner and not weathering the storms due to attempting to "rush" the outcome.
What I have learned is that there had been an overriding principle that the company was sticking to that lead to its success, not a specific event or chart move (or press release). Yes, this is very obvious, but it is easy getting caught up in the day trade, quick profit mind set.
I see this happening now with CGAQ. The "bashers" for lack of a better word, want it to take off "now". Opinions are starting to turn negative, stock price is down, I am at an overall loss at the moment, and this is where I usually bail on the stock.
But I see an overriding principle that CGAQ has found a niche that could/needs to be filled in the DR. So, I will see if they can fill it or not (if not, we need to find who will!). To be honest, this is a small part of my portfolio, but my biggest risk/reward.
I also believe that CGAQ needs to hit a point where the majority of its shares are more publicly traded to get and idea of the strength of this stock really is.
BLUF (Bottom Line Up Front) - I am not concerned with a developing company writing poor press releases unless they continue to stay poor and unsupported. But that will take more than a few week or months to determine.
I am still hanging on for a 2-4 year investment plan, and I do think this is a viable business plan but, execution is key. I say this so all know what angle my opinion is from.
In regards to the press release without support from other sources, that's like handing in an American history paper without a bibliography, your not going to get a good grade on the paper. If CGAQ does not start writing good papers with support, there company will (and has) be given poor grades. I see it as an opportunity to buy because I believe the potential is there for a $1-2 share price in the window given above.
I do not think that there is anything "funny" going on. But, having traveled the globe many a time too under developed nations, it truly is hard to even get a telephone pole, or a well in the ground sometimes. Seems so easy for us in overdeveloped consumer nations to loose sight that.