db7...source of the shares.....
"not sure who has these shares to sell.. if Potse hasn't sold and based on the amount i have... there shouldn't be much left of the float.... yet i filled easily for 100k shares at .30 (over 2 days of buying)"
I own 114k, just under the 5% level. I would have to go back through the filings and double check, but if I recall correctly 2 years or so ago CCKH sold about 1M shares at ten cents/shr to around 35-40 people. That private placement is basically where the float comes from.
Considering the length of time those people have held their shares, CCKH's original business plan proving to be unsuccessful, and the previous years of low interest/liquidity in the stock, it probably would not be surprising if some of those early investors decided to trim their positions and take the triple on their money.
It can be extremely difficult to accumulate a large position in a shell with this kind of share structure, without causing a significant increase in the share price. If the quality/structure of the RM is reasonably attractive, this past week or so could very well turn out to have been an extremely nice buying opportunity.
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