Marygold Companies Inc (MGLD)

[streetwise2021]

I would like it to be noted by you MGLDers as to WHY I never held on to my CNCG shares during the times when those shares spiked on exciting and newsworthy company press releases by as much as 20+ times more than what I paid for them.

First of all, there were times during the middle years when CNCG changed its business model several times in trying to find itself. Because of this, its stock price fluctuated up and down. As these fresh business model announcements were made there were dramatic upturns only to be followed by troughs where CNCG was trading for much less than half a cent. That fact will also tie in directly to the CNCG reverse splits I referenced last night here on my posts. Follow along.

I had the overriding thought that if CNCG was going to really make it as a viable company, it could not do it with eight or nine figures of shares either issued or not as found in its filings. I knew that at some point they would have to reduce the number of shares to create the value needed to propel them upward or forever stay on a pink sheet. Its only common sense market economics.

With this fully in mind, I luckily was out of all CNCG in March, 2014 and stayed out, thus avoiding all the reverse splits. I count this decision as one of my many blessings. I had/have too many other things to trade to allow myself to go to the well one too many times. I did not get back in again to CNCG until it was less than a dollar and above following the post-splits.

And as you know I got completely out of MGLD (formerly CNCG) on the morning of March 11 of this year in yet another serendipitous liquidity event via the NYSE uplisting news. As of now I'm again in a cautious bargain-searching mode with MGLD.

How the directorship of CNCG at that time in the earlier 2000's could let things get so far out of whack with printing/authorizing so many shares is inexcusable. The ensuing reverse split moves harmed so many other trusting people by having their investments disappear.

NOW perhaps you understand a bit more about the severity of my words directed at them here last evening.