Where are we at boys? I thought without a split, the first real progress would be $2pps, and the next level to even blink at would be $5pps.
So reverse split timed with news to get uplisted. Probably a negative market reaction to the reverse split. Additional acquisition of shares due to this drop. Additional announcements including a joint venture with an American oil company.
So instead of $2 and $5, we'd be looking at $12 and $30, and more time to get there? $2 to $12, and $5 to $30 are pretty steep physiological barriers.
I know, let's get to $2 first, but does anyone doubt this will happen? $2 makes the stock marginable eventually. That's pretty big. It'll probably be 25% marginable. That's tight for the small guy trying to acquire, but if you hold $40K of CAK at today's values, I could see taking 50% of the 10K margin and buying $5k more.
Still shocking to me are the number of douche bags trading 100 shares trying to scrape a penny. $90 plus commission in and out, and yet I see 100 share trades. And today it was so bad it was laughable. Yesterday they were knocked out due to the percentage move upward, but today if you're a hedge fund guy trying to disguise buy orders, it must have caused them to scream with all the $100 bullshit in the way.
Almost everyone is gone from here. Ruffy, the short pumper, back to South Afrika I assume. It was funny, he private messaged me after he sold his short to close and thinked me. He came out and told me with guys like me long, he might come back and short again. He was on every message board trying to pump his short down. And then his partner came. And I was buying the shit out of CAK at .25.
Hey, come on. It's o.k. I know some long term longs are still around. It's o.k. to come out and take a pre victory lap. There's gotta be others who have a couple of hundred thousand shares averaged down to .40. Come out and say hi. I want to know who you are. That way I can follow you until we find the next six digit winner.
