China Technology Global Corp (fka CTGLF)

[alan webber]

What has a couple $ million in sales and

and profits of at $200k and have a few hundred million shares and trades for about 30 cents - NEOM

So on first glance yo look at the sales of CTGLF and think maybe it is fairy priced as price to sales is so high but when you see ones line NEOM you see that the stock should trade at what it is worth in the future not today. Of course NEOM is not worth 30 cents today and was for sure not worth 70 cents on the run up from Tobin Smith pump however the movement brought out the masses of traders and they have been willing to support it at its current level as they see the future not the current situation.

Actually NEOM has 460 million shares so it is trading at a price to sales of over 60 - if CTGLF did that it would be trading at 57 cents so it is not about current price to book or PE of price to sales - it is only about perception of the future and no one has been convincingly painting that picture. Once people can get the idea that the company will become a leader then the price can rise.

When Tobin first sent out mailing on NEOM about 14 months ago that stock was at 7 cents and it sat for quite a while before people started to catch on that the company really did have potential to be a few buck in a few years. The 1,000% gain to 70 cents took many months but was great and at some point it will happen again as will the rise of CTGLF. The other thing the pumping did for NEOM when the traders came is permanently raise the average daily volume now at about 2 million. With that kind of volume you trade with a spread of 0.001 and not 1 cent that is sometimes the case here and you do not see 10% moves on 500 share trades.

We need to get a Tobin on this stock...