Kennilworth Systems) could be worth as much as $2.5 Bill
MIAMI, FL--(Marketwire - 11/10/10) - Caribbean Casino and Gaming Corp. (Pinksheets:CGAQ - News) has commenced a due diligence effort upon its own company in order to understand and better communicate the stock market's recent reaction to positive growth without debt. In so doing, a number of articles from third party companies were found which will help investors understand the value and charts involved with CGAQ stock. The following information gathered by CGAQ should help new investors understand the true valuation the company has and should be reflected by the stock during the course of the next 12 months.
CEO Steven Swank stated, "Occasionally, the stock market reacts to any individual stock as if it were a pony in a horse race. This is evident by the recent market capitalization of our debt free company that is growing exponentially within one year of its grand opening. We offered the 3 for 2 stock conversion to minimize supply of the stock and reward long term investors while deterring mal intent of stock manipulation by day traders. We have considered taking the company private once again but understand that the current pricing will not benefit the long term investors or should I say partners who have helped make us a success."
On May 26, 2009 the share value of CGAQ shares soared to a record intraday price of $1.05 cents per share. The share price was based solely upon the intrinsic value placed upon the objectives and business model created by CEO Steven Swank previous to the start of its fiscal operations. Thereafter, an article released by www.stockreads.com on June 27, 2009 pronounced, "We think CGAQ can be a monster in the making... The deal announced on June 12, 2009 (Kennilworth Systems) could be worth as much as $2.5 Billion in revenue to CGAQ over the life of the deal... If CGAQ does as well as we expect, the stockholders should trade North of $2.00 per share."
Mr. Swank continued, "As an entrepreneur, I certainly understand speculation. However, reaching levels of $1.05 per share previous to the fiscal start of operations only to reach new lows while all milestones have been completed or are in place, while the evolution of our kiosk systems have commenced, makes me wonder who real investors are. I'm personally buying back as much stock as I can, as is the company."
On October 24, 2009 CGAQ opened its doors to the public at its Sosua Bay Grand Casino and the start of an empire had become reality. In less than a single quarter, CGAQ was nearly profitable less the tax deductions taken to ensure value to shareholders. As CGAQ gained momentum, with clients and revenues, the value to investors became apparent. Based on an annualized estimate of book value with a share price of $0.07, CGAQ estimated the book value would be approximately $0.2135 as opposed to its current price per share of $0.01. The estimate was based upon expected tangible assets and did not include the intrinsic value of its Live Video Internet Gaming Division licensed in 52 countries or the manufacturing and distribution rights to its revolutionary kiosk system which has currently taken in preliminary orders of over $450,000 of pre-production sales. Further, the estimate did not include the intrinsic value once associated with the operations of CGAQ's realm and diversity within the gaming industry throughout the International Arena, its leadership in boxing events which have been aired on ESPN Deportes throughout the world, its celebrity entertainers and its current casino acquisitions.
