Fishy describes 99% of penny stocks that get any attention on message boards.
I haven't followed CFGX but I had noticed some trading groups getting involved there in the past month which probably assisted in any rise in volume. I also noticed a lot of pumping this week.
As far as any hijackings go, CFGX has had the same CEO, Paul Edward Norat, going back to at least 2010 so I don't think there has been any kind of hijacking of CFGX taking place.
CFGX and its CEO, Paul Edward Norat, both have spotty pasts. Under Norat's direction, CFGX used to employ securities violator Jean-François Amyot for investor relations. And before becoming the CEO of CFGX, Norat was the CEO of Lighthouse Petroleum (LHPT) which was a Todd Violette scam. LHPT now trades at $.0001/share as Supurva Healthcare Group (SPRV).
Norat was also the CEO of Yaterra Ventures (YTRV) - another Todd Violette scam that now trades at $.0001/share as Mining Global Inc (MNGG).
CFGX used to have ties to other Todd Violette scams including Paradigm Oil (PDGO), HULL Energy (HULL) which now trades as Gemini Group Global Corp (GMNI), and Pure Spectrum Oil (PSRU). PDGO, GMNI, and PSRU are all no information triple zero junk stocks now.
Bottom line is that Paul Edward Norat isn't the most reputable person. Stocks linked to him all have a history of turning into triple zero junk. But Norat is running the show at CFGX.
CFGX hasn't reported any significant revenues since 2015 and hasn't reported any revenues at all in almost a year. The shell has a history of broken promises and misleading forward looking statements and a history of pump & dump action.
Most importantly, CFGX has a history of toxic debt/dilution. The dilution stopped following some debt conversions to David Schenk in August and October of 2017... possible the same David Schenk that has been involved in REFG, but CFGX still carries a ton of debt on its balance sheet. Maybe that's why CFGX recently woke up again. Maybe they were looking to clear some of that old debt off the balance sheet starting this past week through new debt conversions.
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