IF questions about CPOW accounting practices, ability to supply oil orders, management's credentials, assets, liabilities, etc, are not the questions we should be asking ourselves.
Why, because CGG would have asked these same questions and has more resources to uncover the correct answers better than we do?
What questions than should we be asking ourselves?
1. What is going to happen to the stock price next week now that:
A. On last Friday Canadians can trade the stock now after beening unable to for 9 straight business days. (One cease & two halt orders)
B. OTC has stated that they our monitoring the shorts.
C. PR news was finally released about the JV on Friday.
2. Why would CGG agree to make a deal to order up to 30,000 MT per year with CPOW when they only have the current capacity to produce 18,250 MT?
3. How about if this JV was just thought of or planed from the start?
4. Is the 10 year deal off the table if the JV doesn’t go through?
Did you know that Mike has been talking to the Chinese for the past two years about building this plant. This is in fact his second try. Back in 2008 the project fell through.
The top 50 hot growth companies article that came out last year should be legal. Who cares if revenue went up 167% when the company has a net loss of $1,086,611. In fact, CPOW has had net losses since inception. Investing in this company was and still is all about this JV or possible take over.
AI
