Friday, August 20, 2010 2:26:17 PM
like most penny plays out there, there are some people taking their quick profit and leaving. some people are trying to flip it. that's actually ok as it creates extra volume and liquidity which is attractive for new investors to see.
this stock actually has a fair share of longs supporting it - and for good reason. the casino has no debt. the potential for revenues to expode from this point is just incredible. a portion of these revenues can be put to work to get the 2nd, 3rd etc. casinos off the ground that are in the works, meaning rapid expansion that needs no company borrowing or financing.
one can't always predict any stock, especially in the otc world, but this company has made a large number of great achievements whithin a short time period. and they're still building and expanding. pretty amazing stuff here for a pink sheet stock.
the drop from last october had to do with a variety of things i believe, and the company isn't in the same situation it was in last fall. i'm expecting a nice steady rise from here this time with much less of a chance for any big drop. the need for any future dilution by cgaq is rapidly disappearing. this company is now approaching a postition to continue it's growth and expansion based on free cash flow IMO.
all imo glta
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