Cargo Connection Logistics (fka CRGO)

[pennyjunkie]

sweet crude, you are correct...
DEF14C was not news, PRE14C was news.
It is amazing how many traders/investors use their
emotions instead of their brains when trading stocks.
However, I can't say that I haven't been guilty of same.
LOL
http://biz.yahoo.com/bw/051229/20051229005256.html?.v=1
FROM PR:
"There has also been a great deal of speculation regarding the increase in the company's authorized shares. This message is being sent out primarily to address this issue. Like any growth company, in order to accomplish our business plans we need to raise funds for our operations. Therefore, we have just finalized a funding transaction which will consolidate our previous funding and provide us with some short-term funds for working capital requirements. The covenants in the funding agreements require that we provide as security a multiple of shares based upon the amount of funds raised."

MY OPINION:
This stock has been decimated by toxic financing and by the associated short-selling.
IF the consolidation mentioned in the recent PR is non-toxic and it disassociates CRGO from earlier toxic effects then the PPS will move significantly north (and quickly). According to today's DEF14C shareholders will be mailed an information statement on or about 01/06/06 (tomorrow) to holders of record 01/03/06. The recent run is (IMO) either short-covering (maybe) or informed buying (likely). Perhaps the company (new to OTC manipulation and thievery) has learned a valuable lesson.