Collectible Concepts (fka CCNG)

[rhm118]

Cargo: I have been playing CCGI/CCNG for over 7 years. Good concept and good company. Look at their previous filings and you will see they have major debt in the form of CD's. As those mature, so starts the selling and down goes the price. The CD investors have been doing a better job balancing supply and demand lately which allowed the price to increase. In the past as CCGI they also had blockbuster news releases with the investors selling into the news. When volume slows down the CD selling continues and down goes the price. I am afraid no matter how good the news is, until the CD's are all converted and sold, CCNG is unlikely to make great advances. Next will be another R/S like I got caught in last time. The debt levels have made it very difficult for them to make a profit. I seldom post, but thought I would share some of my experience on this one.