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Agree, however it needs a huge volume boost to counter these aggressive shorters....
They need to be forced to cover.
News is great! I don't like the way shorters attacked late Friday and already this morning!
Swing trades mainly. Low floats. Sometimes an alert or 2 from other traders on the board, but mainly the first 2 strategies.
If we can stay above 1.70 - 1.75 and some good volume comes in, many will be forced to cover...
However i see they are already active and will try and keep pushing it down.
Remains to be seen Monday morning.
I see the Shorters are already lining up! Same brokers as always! The main Shorter right now EDGX....
With these guys still not forced to cover, it will probably come back.. I hope i am wrong!
Well. Well! You are indeed correct! $1.74 now! WTF!
Wasn't it "moments away"?? Lol
Didn't someone say that they were privy to the financials...LMAO
We had had nothing but hype and BS since mid 2013. Nothing but paper assets added. Most, such as myself just want to get out of the 77Mill low floater that 'moves on air'.....
You are 100% MM, facts don't lie, neither do graphs, or financials, or track record for that matter!
Have you seen Wright's other companies? What a joke! He has had PLENTY of opportunity to defend himself against skeptics.... and nothing!
Tried calling the company in the last 8-10 months?? enough said!
CGRA true to form....and such a low float.....lol
Down 35% today... Moves on air!
Must be those amazing oil rev's...
Same old, same old here! Nothing changes!
Strange for a stock that 'supposedly' is so tightly held!
Strange for a stock that 'supposedly' is so thin!
Strange for a stock that 'supposedly' has been accumulated since Nov-Dec 2013!
Strange for a stock that 'supposedly' moves on air!
Strange for a stock that 'supposedly' has great rev's from its huge assets!
All strange to me! IMO of course!
3 cents?? were they saying 9 cents a little while ago?? lol
Its good, because there is a lot of air being loaded on the ASK....lol
Was good to see while it lasted. Considering how far down it is off of $2.04.
But as usual Shorters have other ideas!
NO... Wright sharing information to insiders?? Never! LMAO
Did the run start yet?? I think someone forgot to tell the shorters!
Totally destroying any possibility of a PPS rise right now!
LOL.... "moments away".....
Really?? Just beginning?? I only see huge shorts!
Let me know when it begins OK!
$IGC - Shorters paradise!
Relentless shorting winning every battle over longs!
Are you kidding me? On the back of what? Have you seen the shorting in the stock?
Seriously? $3?
Stock has lost 70cents plus since news. Massive shorting in play!
Not good at all!!!!! Weakening daily!
Like i said.... same old, same old here!
MM, do you think the Rev's will be more than $47K for the 2nd qtr?
I mean things have to be really bad to under perform even on those numbers right?
Haven't been here for a while. made good $$$ on MGON in the past...seems like another good entry point at these levels....
SeeThruEquity report was good as you mentioned, but the Shorters are still in total control here!
I don't see it! I am long on IGC and a supporter, but all i see is constant and relentless shorting! Nothing more!
Your points 1 through 4, although ambitious, have no 'meat on the bone' to support your speculation other than wishful thinking!
This keeps turning over its registry multiple times and keeps sliding back! Not a good sign. The volume in recent weeks should of seen it well over $3 already, and here we are struggling to maintain support in the mid $1.40's... reality! It was a real good sign to see some serious traders back IGC, but most of those have dumped and ran on the back of the recent news, and news of a serious shorter entering the Frey!
Give us something we can sink our teeth into, like an 'italian soccer player'..... then we can get excited!
And what else in new at CGRA land? same old, same old!
On what basis/catalyst exactly? Whats going to drive this back up to at least the 1.90's when the Shorting is so heavy?
The recent news was good and what the market was expecting, yet the shorters killed the PPS.
So what is going to drive this up again????
Shorters are killing the PPS!
IGC being shorted by a heavy hitter according to some of the noise in various chat sites. He has a little fire power too.
Lets hope the longs can expose him and his followers in afternoon's trading.
Who knows, some might even start covering!
IGC news is solid!
IGC has a great deal of potential, and the MJ deal announced will bring in good rev's/profit's for this small cap..... however, stock is over run by shorters in a big way....
way too much selling pressure! profit takers and shorters! It rallied to $2 twice and just could not sustain the selling pressure dude!
IGC...Great News for this small cap!
Lets get the profit takers out of the way early, and blast through $2.00!
IGC..looooong
buy the silence....lol
PERL
do your own DD..
Go PERL
very easy.....
its called a 'Transfer Agent'.....LMFAO
50,000 bid smack today...ouch!
i saw well over 10 Mill shares change hands this month alone! No volume????
not bad for a stock that has 37mill on issue.....
Go PERL
round and around we go!
CGRA - i thought the following was interesting...
NOTE 2 – Going Concern
The accompanying financial statements have been prepared on a going concern basis, which assumes the Company will be able to meet its obligations and continue its operations for at least the next twelve months. Such assumption contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company incurred a net loss for the quarter ended March 31, 2014 and had an accumulated deficit of $680,738 as of March 31, 2014. For the three months ending March 31, 2014, the Company had a loss of $113,133, and anticipates a current annual working capital deficit of approximately $250,000. These deficits raise doubt about the Company’s ability to continue as a going concern. As a result, realization values of the Company’s assets and liabilities may be substantially different from reported carrying values and these financial statements do not give effect to adjustments that would be necessary to the carrying values and classification of assets and liabilities should we be unable to continue as a going concern.
The Company’s continuation as a going concern is dependent upon its ability to generate sufficient cash flow from sales to meet its obligations on a timely basis, to obtain additional financing as may be required, and ultimately to attain profitability. Potential sources of cash include new contracts, external debt, the sale of shares of Company’s stock or alternative methods such as mergers or sale transactions. No assurances can be given, however, that the Company will be able to obtain any of these potential sources of cash. Furthermore, the Company may be unable to raise additional capital on commercially acceptable terms, if at all, and if the Company raises capital through additional equity financings, existing shareholders may have their ownership interests diluted.
At fiscal quarter ended March 31, 2014, the Company had notes payable, loans payable, assumed debts, and accrued interest in the amount of $1,011,366.17.