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[Potse]

CNGI(.07)...accumulated a position.....

CNGI (5.4 mil OS) just reinstated after 4 years of dormancy. Market cap under $200k. Still cheapies available. You don't reinstate after 4 years for no follow through. Time to wake up.

Over the last several months or so I've been accumulating a position in CNGI (210K shares at an average under .0121). It should be extremely interesting to see what happens here now that the company has been revived on the Maryland SOS.

Not sure whether the company was revived to continue the last business (GC Blackstone -- construction, real estate), or if CNGI will be moving in a new business direction. Ideally, it would be great to see a new, fresh RM here. Regardless, there could be some decent upside in this stock.

The volume/price action will probably loosen up some shares a little more, but when I was accumulating my position it was not easy getting large blocks without moving the price higher.