China Food and Beverage Co (CHIF)

[Renegades17]

My current views



There was obvious disappointment that the company didn't release a PR about the acquisition. With a thin float, moves get magnified in both directions. This gave some an opportunity to buy more (as I did) and the catalyst traders a reason to exit.

As compared to the other company the CEO highlighted, I think CHIF is much more compelling. Our share structure is better and the sectors we're targeting (esports, crypto and possibly NFTs) are more interesting (IMO). If we can achieve a comparable market cap to the other company (ie. T-NMD), then this stock is obviously a multi-bagger.