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Saturday, November 21, 2015 12:31:15 AM
The Hard Rock news was an outstanding positive for this company: http://www.marketwatch.com/story/cabo-verde-capital-inc-in-development-discussions-with-hard-rock-hotels-and-casinos-2015-10-06 However, it seems like it flew under the radar, or the OS was too huge to allow movement, and low volume took this down to oversold levels.
The elimination of OS was a brilliant move to regain attention and interest. Bravo whoever thought that up. And like I said, the reduction makes it more enticing for a buyout if someone has genuine interest in the properties (i.e. Hard Rock). Until we get further Hard Rock news, I see no reason why this can't get to higher levels such as 10-20 cents in the near term with the new SS and float. But my opinion only.
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