Cargo Connection Logistics (fka CRGO)

[sweet crude]

pennyjunkie.....Cornell brush off?

Did CRGO ever do financing with Cornell Capital out of Manhattan? I know they has a reputation as the toxic delution kings.

My guess was the he reconsolidated his 'floorless' debeture with Cornell and now has them out of his hair...thus the reversal of trend when announced Dec 23, 2005.

Also, after seeing what dirtybags pennystocks like CRGO have to deal with it friegthen them into installing a posion pill so no one CD holder could short the stock, convert into dilution, and gain 50% voting rights of the company. Thus this 14c allows Jeffery to maintain voting rights, which at end of the day really is what control is all about.

This could still trend up on anticipation of announcement they said would be made. My opinion...maybe a run to near .01 then a rough shake-out...who knows. Still holding.