Thursday, October 17, 2019 7:26:51 AM
A new filing yesterday. In this post I'm responding too, I said, "maybe another liquor stock." It has been confirmed yesterday that it is indeed Charlestown Premium Spirits that was acquired and it happened in January of this year.
The 35M block also confirmed as a transaction cost of this acquisition, and it resides solely in the hands of the new CEO. That means 98% belongs to the CEO, 99% to the CEO and former CEO, and 1% to the rest of us.
And as for me, I'm 7% of the 1%. That's powerful. It has also been confirmed that the CEO's hands are tied for a full year. His stock is restricted. So if the stock $20, he'll just have to watch me sell part of the 1%. Thank you very much.
Mr. Edwards controlling most of the float, and he seems to do well for himself in these kinds of situations. I'd like to ride on his coattails.
So that makes 3 penny stocks of liquior I've had in less than a year. All by accident. People are going to start thinking I'm an alcoholic, and I don't even drink. ROX was acquired for 120% return. MMNT further along than this one and about the same OS and late on some filings but about to start executing on a busines splan that is much further along than here . But much greater float and not near as great as physics as this one.
It has also been confirmed in yesterday's filings that they have already submitted a name change. And a ticker change will follow. They tried to keep a lid on this all year. Very sneaky, very hush hush. I thank regulators filings to shine the light! They couldnt' stay in the dark forever. They want to reveal themselves, but I don't feel like they want all this attention just yet. Well, I'm sorry. But not to fret. Nobody is here to read anything. That's a job for investors relations, which I don't see yet. But I think must be in the cards. I would sure hope so anyway.
No anticipation of any splits are announced, but I still feel like it's a strong probability that a 5 for 1 could happne. But that is just pure speculation based on what I would want to do. If not, it will be a fight for water in a dessert . And that's good too if you own 7% of the 1%.
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