Hi Red! I think you'll find this one is a good opportunity! It's not a flipper, but if you can stay long, you should see a healthy return. (IMHO)
Remember, this is penny land, so anything can happen, and usually does! The main thing is to do your own research and when your are done, do some more! Try to filter out the BS. If it looks too good to be true, it usually is! And don't believe anyone who calls themselves experts, or are "just trying to help" by recommending a certain stock. They usually are just trying to help themselves to your money.
DO NOT invest money you can't afford to totally lose! Penny and sub penny stocks are VERY RISKY! That's why they have a "pink slip" rating!
Now, CGFI is a real company. Not a "lifestyle" company being used to keep the CEO in Cuban cigars and a Malibu condo. Google CGFI, and look at the YouTube videos on this company. You will see that these are blue collar working people trying to re-open a mill and 4 mines.
Check out the info on the stickey notes at the top of the page. It will give you a good place to start your DD. ( if you don't know what that means, then you really need to do a LOT more reading before you invest another cent)
I have been in penny stocks for about 10 months. I came in with very little knowledge of the game. Not a single day goes by that I don't do at least a few hours of research. My point being, there is no "easy money" out there. I have been lucky and have made a few dollars. But, most importantly, I haven't lost any big money either. That I attribute to reading, learning, and research.
It sounds like you have been burned by some professional "experts" recommending or pumping a certain stock. That's what they do, pump up the hype, get the average Joe to put up money and sell or"dump" their stock before you can realize what just happened!
I could go on and on, but I'll let you get to work on looking up CGFI and learning what you can.
I wish you good luck, whatever you decide to do. But research is cheaper than any stock on the market, and you won't lose anything by investing (your time) in research!
