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Finally 9 months later a trade of 500 shares @ $2.10. Wow!
There have been no trades?
What do you expect going forward?
Is there any potential here, or is this just an ordinary company that was looking for some public exposure?
Does Meuse have to keep his shares for some period of time before he dumps?
Any insight appreciated.
Thanks
Please remind me again what is good about a Meuse Shell?
It would have been nice if it was higher before the R/S. I suppose I should be grateful to get anything out of this. It is hard to see where the upside is to Degama. Do the traders take any interest other than dragging it back to .01?
The New CEGP ?
Are they not seeking a Reverse partner?
I hope the Chinese company didn't disappear in the earthquake. How long do these changes take?
There is no buying or selling meanwhile.
There would be buying not selling if something good was happening here. I am sorry this is a dud............Maybe the next R/S will be better.
I'll be surprised if they take your call.
They went dark for a reason. With 200k shares and I'll guess a 1:100 R/S, they would only have 2000 shares at a dollar. There has to be a big dilution. The future could probably be told from their previous deals...............
Sorry, it did happen. Still have no idea how the float got pumped to 21 million. If there are only 28 shareholders, that is hard to believe. I got confused because I purchased more stock as it declined from I think about 5 dollars to where it is now. Also I am thinking a pump to 5 cents would yield a 1:100 of 5 dollars, and the new deline from there...........
Do you expect a reverse merger along with a dilutiom? My guess is that they pump up the price so that the reverse will yield an adjusted price about a dollar (assuming 1:100). This followed by a steady decline driven by shorts if they can't support the new price? This is what happened last time with the 1:10 they did in 2004.
My experience is that the only truth is in the stock price!
I am going to ride this into the ground or to a dollar, whichever comes first.
Explain how the float went from 3mil to 21mil?
Explain how Luke took control of a company and how he transferred it to Meuse?
Thanks.
Search for Luke and you will see all of them are tied together thru NuOasis, up to you traders to decided if that is good or bad..... http://www.crimes-of-persuasion.com/boilerrooms/brinton_group.htm
I hope that is not the company as I still see one of the mysterious officers name there. There is no indication how he took charge of CEGP other than his connection to the Secretary. In any case, they seem to be gobbling up shares as they become available.
My memory comes back only because one of the brokers charged me a fee when the R/S happened. After the split, I just bought more, which is why I was confused about which way the split went. If there are 21 million shares, then they possibly issued some without telling the shareholders. This is not a surprise. I had spoken to the accountant some time ago when all the others could not be found. He too was looking for them to both file and pay bills. The prior Secretary and President have a questionable history. The Chinese do not appear to have any other business or internet hits, as the companies they were supposedly going to get money from also do not appear to be real. As much as I would like to have this go back to a dollar, I do not think they will let the shareholders share.
So to this point there is no guidance to make one do anything but watch and wait. The insiders don't appear to be loading up either.............
There was no report of a reverse split and my shares still show the same at my broker. All I see is that Mr Meuse has 200k shares and is the sole director. I guess he can do what he pleases. I don't see how he took over except that he may have known the previous head of the company who mysteriously appeared a few months ago, and had no obvious power to take over except that he is associated with the secretary. If you do any research, there never were any Chinese, any Beijing Multimedia LTD, No Eagle Treasure, etc. The whole thing appears to have been a way to take the Shell away from the original CNTV, but flopped since.
I think the float is 32 million.
I believe I went from 10k to 100k shares a few years ago.
I don't really follow this, been in it since it was Tekgraf and have long ago decided it was going to be a write off. Still, a dollar would be nice
I don't see where the Chinese management signed off on any of this...........
Silence is Golden
Not expecting anything
Good luck to all traders.......
Can someone explain what would be considered a good or sucessful outcome to the possible reverse merger of this company? Is $1 a reasonable expectation?
Thanks
It was listed last time I looked in January. The surprise was that Fred Luke came out of nowwhere to become president. He is an associate of the old secretary Lawver. The 2 of them have some history that can be interpreted as shady. I don't see any evidence that they had the right to change officers or to pass it off to Mr Meuse.......I guess the Chinese don't care or don't exist.
I meant that they moved it from I think Delaware to Nevada on the last reverse.
Thanks for your good work!
I have been a shareholder for many years. I was led to believe that there was one major chinese investor. The folks who did the first reverse were inept at best. They sold off their shares as soon as they got them. It was impossible to find or track any of the supposed Chinese officers, and they moved the company to a different state and added language so that they could not be liable for their actions. I believe this to be a relatively clean shell and hope they get it back to a few dollars a share before issuing millions of shares in their own behalf. I might be dreaming...........
I happen to own some worthless shares of CEGP. What can I expect to happen next?
Gizmondo.com is the website for info. The stock has been on a run lately. It was much higher a few months ago. With the August USA launch close at hand, the stock may revisit higher levels!