Saturday, May 09, 2020 11:29:04 AM
... and guess what? THIS IS A BUYERS MARKET. Cash is KING. Glenn is in a very good position to do something life altering for all of us holding shares.
Ive studied/traded thousands of penny stocks over the decades and this is as good of a risk/reward that ive seen in some time. We are investing in CASH + the ability to WIN these lawsuits
Glenn is also motivated by the critics, along with his natural drive. This has put him on a path to reduce the OS the cleanest and most shareholder friendly way possible. His drive/motivation has also pushed him to execute on cleaning up the books, cost control measures, savvy decisions, protecting the COMMON shareholders, etc. Everything he is doing is for the benefit of the longs, it has just taken some time to get to this point.
I do trade this stock, i have for years... but this is more of a buy & hold now than at any time in their history, even with the pandemic punishing the economy.
I hope their current business succeeds, but this ticker would still be undervalued if it were a SHELL, because of all this free cash + ability to win MORE lawsuits... as i said this is a buyers market, acquisitions can be made at fire sale prices, esp if the acquirer has the $$$ to fulfill another companies underfunded business plan. Not many pennies are in this unique position, this stock could spike BIGLY at any time (with or without news) and never come back to these levels again.
$2.5 million market cap is a steal for a clean company with no dilution + more lawsuit wins than the valuation... along with a CEO that has PROVEN that he is working in the best interest of the COMMON shareholder.
Im excited to see what Glenn does next. He is not getting the financials in order (not easy) to stop now... A clean fully filing company + a reducing OS + wads of free cash is just the start of even bigger moves to come.
This is a great time to discover CMGO and position. Do the DD, do the simple math
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