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Re: Basin Street Blues post# 211983

Saturday, 02/02/2019 5:29:45 PM

Saturday, February 02, 2019 5:29:45 PM

Post# of 698763
When CPXX hit top line, I think it popped to $11, from around $2, but was on the NASDAQ already, so institutional investors could buy... It dropped on a cash raise with very discounted shares on offer (way down), floated up around $20, dropped a very good amount, I remember it maybe even going down around $9-11 again and than was sold for just over $30 a few months later... if I had gotten out, I might not have wanted to risk losing as it drifted down again, I’d owe short term taxes on any further gains, a big cost...etc. But I looked at the market cap and what it was probably worth and all of those prices seemed far below what I thought it would sell in totality for...

Selling on the news is probably risky.

Even the market cap giventhe true potential here if successful. One might not fully anticipate the true value...either overly estimating it or under estimating...
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