Hi John.I have been in this stock for well over 2 years and I can assure you I have never seen any kind of pump whatsoever with this company.I would go so far as to say they do not even know what pumping is.
An answer to GMVN's question is they have to notify the SEC within 5 days of any placements of shares.
As far as where are these shares coming from,When they stopped trading they had 81 million shares,they now have 131 million shares.It looks like some of those shares are reaching the float.
The market maker controlling this stock is FANC,where he goes so does the share price.I was able to pick up an additional 7,000 shares today for .295 because FANC was sitting at .29.Right now he is selling at .30 and will buy at .29.(Actually I see he moved to .27,so I may have bought too soon,we shall see)So at this point he is not going to let this drop below .27.
Cavico is working with well over 350 million in backlog.There is no doubt they need more money as more and more contracts keep coming in.Besides the fact they are now getting into building Hydropower plants and will be selling electricity,as well as a cement factory,which in itself will create a trememdous amount of revenue for them.It will also be saving them from buying concrete from other firms for the concrete they use building highways and super structures like the soon to be started Cavico Towers in Hanoi.
Patience is needed here Guys.This is a fantastic company and YES,we are in on the ground floor.Those who stay for the long run will be very happy campers next year.
GMVN,your friend is correct second quarter financials will be excellent but fourth quarter will be much better.JMO
WSM
"Luck is what happens when preparation meets opportunity."
"Luck is what happens when preparation meets opportunity."
AI
