otcbargains undervalued stock board

[Traderfan]

CFGX, trade idea

CFGX buys bad debt apparently. Don't ask me about all the details because usually I don't really care about business details too much. The company is rather cheap here, market cap below a million. SS below 500 million at the moment.

A few days ago they closed the 5 million distressed debt deal and the stock had an unbelievable rally with unreal volume. Now it came back again to low 2's. They have a few deals pending much higher than the one we saw today and even the one today gave us a good sized gain at the open.

Just imagine if the 150 million deal comes through. Certainly that's not a guarantee, but the deal has a good chance from what I have read. There is other stuff as well pending as you can see.

http://www.capfiglobal.com/transactions/


I like the CEO from what I have read and he seems a reasonable guy for a pinkie company. This shareholder letter here sounds good especially since he is claiming that he won't dilute big time down here. Looks like he might be serious about building something here. As always, it seems good for a few bucks to me. Obviously it has warts and negatives but it's the pinkies afterall. If the stock goes below 002 again, I will buy a few more unless the situation changes.

http://www.capfiglobal.com/ceo-commentary/