Brenden,
Your guess is as good as mine. I don't see this stock going up any time soon. For a number of reasons.
1. No news, good or bad.
2. No webpage update
3. Diluted shares
What you need for a massive movement in this stock is the recognition of gold/ silver/ honest money to come to the masses. Which may or may not happen.
The bible specifically states, People will throw away their gold and silver into the streets. I'm not exactly sure what that means, but I do understand that over the last 40 years people sold off all their gold and silver. Only in the last few years have people started to buy back in. But the masses have not. If they did that would create more buying and demand pressure. Causing silver & gold to raise in price, and Stocks would follow. Maybe even Cgfi.
CGFI is being shorted, and for some reason un be known to me, why this particular stock is being shorted more than others. Maybe the available shares to short, or unrestricted shares.. I'm not sure, I don't know enough about that to make any sort of call or opinion.
I do know is that gold and silver will only work if the masses pick up on it and want it as a store of wealth. Which is in limbo right now. With the digital age, most people can't fathom holding a gold or silver coin.
Thus- we might have to go through a complete currency collapse, cities burning, banks failing, riots, protests, etc. In order for people to understand what real money is.
THEN.... We may see some movement towards PM's. And CGFI.
So in short we may see sub penny. I'm not happy about it. So far I've lost approx 4K, which sucks. But I'm holding to my trading strategy Whig is not to sell no matter what, and see this through as I promised myself I'd do. (something I learned in a book called) "new market wizards",
Infact once it goes sub penny I may actually double down and buy more shares. And buy into more PM companies.
Because the fundamentals of the economy and society are not improving what so ever. They are getting worse and compounding in rapid speed. Once it snaps- you better have provisions to sit out the storm, because CGFi will be last on my mind when that moment comes.
To be safe, sell all your CRAP at your house, anything and everything that is not ESSENTIAL.
Keep cash on hand in 20's, keep lots and lots of water, food and veggie seeds. Warm clothes, blankets, medicine, cold and cough syrup, also snacks and such.
America is fast heading towards Greece, and there is no support or infrastructure that won't be effected. So prepare and prepare now.
As far as CGFI, I'm not selling, only buying more ESP if it goes sub penny. And if things go in the favor of gold and silver (which I Believe they will eventually) then we will be really happy we held tight.
Remember 80 % of profits are made in the last 20% of the bull market. But do your own D/D, and prepare for the unexpected ..
Thanks-
Shy
