China Food and Beverage Co (CHIF)

[Renegades17]

Not sure what you mean


Given the float, shares outstanding and no debt, a decent acquisition will drive the share price over $2 quickly IMO. It's happened time and again in OTC land with companies that have inferior capital structures. They've told us that there's multiple deals in the hopper. Let's see what happens.

I think Silverbear knows that this company has the best share structure of the bunch (i.e NSAV, TNMD etc.), so they're trying to line up good deals merge into this ticker. I guess this Moshn deal ran into some snags too, and it was supposed to be the first deal to get done. Personally, I'd rather they walk away, but it's only 8mm shares and Moshn seems to be making some progress with its device and on-demand streaming platform.

It's a good thing that management has chosen to keep quiet rather than set expectations. When there's substantive news, the stock will explode higher IMO.