China Food and Beverage Co (CHIF)

[Renegades17]

Patience will be rewarded


The share structure here is the best of the Silverbear tickers with an effective float of only 2.4mm shares. They know that and are likely waiting to make several announcements on deal closings in a short time frame. I believe that will happen in the next couple of months. The Silverbear insiders also have strong incentives to create value given the stock compensation they were given.

Filings are up to date and the balance sheet is clean. Just needs a spark and it could see a move like ENGA had and a few others.

While I like the esports sector, I would like to see them expand the vision beyond the stated addressable market. I have a feeling they've been taking some time to re-examine their strategy to accomplish that.