Cannon Exploration Inc. (fka CNEX)

[tonio321]

I was watching that $1.00 day, and it was just a few shares and nothing more. I bought this at .004 a long time ago and sold at .008, well before the run to .03. I just want to give a casual warning to the investors here, I bought CNEX as a momo play and nothing more. The share structure was EXTREMELY thin, 250k shares knocked out MM's at a time which I figured would send the stock flying and it did.

If you check my post history you can see where I've posted on this board. My warning is, the share structure has changed drastically and when I invested, nobody was here because of fundamentals. Before the company switched hands the float was around 17 million, and now it is much much more, previous levels will be hard to obtain without tangible results.

22 million in volume would have had this stock in the .10+ range before but here we sit at .002. I wish I had something good to share but I am expressing my honest concern here. Due to the changes you cannot go by the previous performance of this stock.

I have been in the other mining company this is being compared to that starts with a K, two totally different situations and the two are nothing alike.