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Alias Born | 04/19/2018 |
Wednesday, October 31, 2018 11:59:12 AM
It was a real penny stock trading vehicle for us back then that had volume, lots of shareholder interest, plenty of chances to accumulate on extended dips and always seemed to move strongly upward on news that created liquidity events that made me a lot of money. That was a time when a certain type of patience paid off handsomely.
Since the reverse splits, CNCG is for die-hards only who just can't let go because they're stuck in this in a major league way. CNCG is trying so hard for the big time that the poor shareholders of record now who are truly caught in the middle of nowheresville, USA.
CNCG isn't really in a market. Its floundering between TWO markets -- the one they're currently buried in and one they're going to have more difficulty getting on than any of you realize.
Don't be fooled by a bid/ask price north of a dollar. Any reasonable amount of selling by a shareholder in need would push this back to sub-fifty cents.
Buyers and sellers are both scarce since neither one truly has any real incentive to trade in a no-man's-land of stagnation. Management isn't helping, nor are they as motivated to truly help the dying shareholders as you may think.
All the above sorta sounds like a recipe for something you folks in your heart of hearts would probably never want to get involved in again so deeply or have valuable capital tied up in for such a length of time.
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