InvestorsHub Logo

BottomBounce

07/22/19 2:51 PM

#5547 RE: Lazarus #5546

$CTDH Book Value Per Share (mrq) -0.01 GARBAGE

Lazarus

08/20/19 6:20 PM

#5555 RE: Lazarus #5546

Its pretty clear now that the line of defense is at .20 cents

They still have millions of shares to sell and I don't think its going to hold here in spite of insider buys. Decades of trading has taught me that insiders make some of the dumbest moves -- just look at BBBY. They started buying back shares in the $70's and spent BILLIONS -- in 2014 and 2015 and now the stock is languishing in the $7's



There's one more Q to be released this year and then end-or-year tax loss selling. I doubt there will be any golden egg between now and then.

Add to that -- I'm pretty sure there's an entire group of investors that got private placements higher that are not so happy.

Next levels of significant support are around .13 cents and then .085

They desperately want it to hold here... but I don't think that's gonna happen ---My guess is gravity and time will win against cash consumption. (unless a golden egg is laid between now and end of year)