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18 share trade? What? That's $6.
Agreed. Needs some momentum. No one has any patience. They just see that it's not a quick buck and want to move on. Makes no sense.
I hope this isn't his version of loading! There's just too much action right now!
Surprised there wasn't a bigger response today from the market.
What does it take for the yield to be dropped now? What's the next thing to be watching for?
Agreed. As soon as I saw the update, I knew this would be the reaction. Impatience runs rampant. But a company doesn't become current for no reason.
What's so silly is that nothing has changed. If anything, it's good to know they aren't willing to just give the company away. I'd love to know the actual percentage of LOI's that fall apart and expected LOI's are probably even higher. And this deal hasn't even fallen apart yet. And we know they had a score of other interested companies if this doesn't work out.
Still huge risk/reward here IMHO. I'll be waiting it out...
This is typical of m&a’s. Huge risk/reward. Waiting continues.
Actually technically, it said signed. I'm not sure that you should expect an announcement the moment it is signed. But let's hope that's the case! And keep in mind, it said "expects". Nothing is done until it's done. Even an LOI can fall apart.
What is pretty certain though in my humble opinion, you don't become current without doing something real with the shell. So, it's just wait and see now.
I didn't realize market was closed tomorrow. Makes more sense now!
Unless there was an update in that stream I missed, my question wasn't about the original time frame. My question was why you are dismissing news today or tomorrow and assuming it will be next week.
Is that an assumption or why are you saying that?
Is someone really that afraid of news or are their investors here that have no idea what is going on? So confused what would compel someone to wait this long to sell. Timing is just odd. If you don't like the direction you would think you would sell well ahead of news, not moments before. Confusing...
I know you keep pointing that out, but the reality is market cap doesn't mean that much on these. Maybe a little. But the reality is it's market structure after the M&A that I think matters the most. These move totally based on what's in the float and momentum.
CBGH has a ton more shares out than PCMC so they COULD use it to buy something without introducing a bunch of more shares. We just don't know. It's all speculation.
What we can agree on is that low floaters like PCMC and CBGH move on air and have a ton of potential.
BTW, CBGH M&A LOI is imminent and has been announced to be made public between tomorrow and April 6. Is it gonna be good? Who the hell knows. But it is exciting. Time to hedge your bets and get in or out of it!
All of this is just my opinion. Make your own investment decisions and do your own DD.
Yeah I got some more.
What indication do we have from the company on the time from of the attorney letter?
Do we have any indication of what type of M&A/buyer they might be making or looking for?
Somebody just gave me 10k at .32.
Ok...I'm done for today. You guys make me look good!
Let's see if the .50's fall as easily.
So most of this is me. That means not many active trading or are already happy with their positions and just waiting for news. It moves on air. You guys already know this.
I'm gonna slap it and see what happens.
Thanks. I'll pick up more as opportunity and funds occur.
I picked up 16K and some odd change. Some one sold me an odd lot. I hate that.
That's me sitting on the bid.
Agree about the market cap, but it all comes down to share structure after their respective merger/sales. The low float is making both of these move on air. CBGH was under a penny in December and went over $1 just a few weeks ago. It's now settled down to .70-.90 range for the last few weeks as most are happy waiting for the M&A news which company has already announced will happen somewhere between March 31 and April 6. Who knows what happens then?
My point is that they seem to have similar movements, similar floats, but CBGH is already current, so slightly ahead in that respect.
CBGH going through similar scenario. Low floater. Company just went current, shot up like a rocket and now waiting on M&A news that the company says is imminent. Be really interesting to watch these 2 side by side.
Someone over there turned me on to this one. I like what I see here, I think I may just join you in the morning if it doesn't run away from me.
These things can also be a little bit chicken and egg. By that I mean, it's all perception. If the stock starts to go up, everyone gets on board. Bandwagon effect. But no one wants to be the first to buy at any given new level.
If a big buyer had come in today and bust us through $1, momentum could easily have taken us to $2 or $3 today.
This stock has no hype. It's kind of weird considering it's a clean shell, is now current, and has shot up so much in the last few weeks. I guess the word hasn't gotten out.
Not sure what's up with that.
Here we go. .925 being tested now.
Need to break through the .925 wall
CBGH Update on M&A
A brief update: CBGH expects to sign LOI with a Canada based Sharing-Economy APP company on the Mar.31 (earliest) or Apr. 6, 2021 (latest). The company's APP is like "Ulber" or "DoorDash", and trust it will bring the significant value to CBGH's shareholders.
— CBGH (@cbgholding) March 23, 2021
Update!!!
A brief update: CBGH expects to sign LOI with a Canada based Sharing-Economy APP company on the Mar.31 (earliest) or Apr. 6, 2021 (latest). The company's APP is like "Ulber" or "DoorDash", and trust it will bring the significant value to CBGH's shareholders.
— CBGH (@cbgholding) March 23, 2021
.92 / .925 definitely a wall
Anyone had any luck contacting the listed investors relations?
https://www.otcmarkets.com/stock/CBGH/news/CBGH-Provides-Corporate-Updates-and-Strategic-Initiatives?id=283735
Everyone sleeping?
Seems so close to breaking through. Obvious tug of war going on between someone trying to pick up as many shares as possible from weak hands and those unloading slowly trying to get as high a price possible given the low volume.
If only we could get some sizable smacks on the ask.
Oh well, I think all of this will be moot once we get news. Just be nice to be at a higher level pre-news.
It's almost as fun as watching grass grow!
Being pushed on almost no volume.
Looks like someone is trying to unload shares slowly at the ask. Which is the right way to do it. But it is holding us back I think. At least that's my take.
I'm surprised that we just went current and we aren't getting more volume. It is sustaining this level which is good to see.
Wake me up when news arrives zzzzzzzzzzzzzzzzzzzzzz
95 is a wall. If it can bust up above $1 before news. That would be insanely beautiful.
Somebody's pushing it a bit.