I said a few days ago, I hope it settles in the .80's for a while, like it did in the .50's and .02's. That way new holders can come on board, and those that have held for a while may want to exit.
With those last 4k shares I bought in the upper .80's, my average pps increased to .20. I won't be one of those, that have held for a while, to be exiting. I'm thinking about adding.
There's just too many signs, from quality investors increasing their position, to mergers with companies that are also in the merger business, to contracts being signed on a regular basis, to the expansion of its roasting facility, looking for one to start up on the west coast in San Diego btw, to the quality of the management that is orchestrating all of this.
This is one to buy and hold, and accumulate when possible, I'm just saying. The drop down after it hit $1 earlier this week was something. Flippers were treating this like any other penny stock until Richmont, which I'm sure has done its DD, increased it stake here big time. And then the company that merged with JCOF just merged with another , and JCOF just signed another contract with some Alaska cruise operation, I'm telling you a west coast CLR facility makes sense here, and maybe those flippers have had second thoughts about trying to hop in and out here.
You can treat it as the typical penny stock, but that doesn't mean it is one.
AI
