InvestorsHub Logo

logsplitter

10/09/19 6:22 AM

#719 RE: wesley_ #717

You haven't seen nothing yet

Value_Investor

10/09/19 7:07 PM

#723 RE: wesley_ #717

Well, today CGIX already declined to $0.135 in the After-Hours session! $0.185 has formed a very strong resistance! It seems CGIX will crash to Another New low $0.06 or even $0.05 in the coming days since its current Bottom $0.085 will soon be easily broken down...

Did the company already resolve most recent serious argument problems (see the link below) between the directors?

https://www.otcmarkets.com/filing/html?id=13545011&guid=iiefUeiLHwLH63h

Anyway at $0.185 CGIX has $11,175,566.64 or $11.18M Market Value v.s. it has $5.06M Huge Debts! Even at its Bottom $0.085 CGIX still has $5,134,719.7 or $5.14M Market Value which is still more than its $5.06M Huge Debts!

I would sell out CGIX ASAP if I still owned any shares now because by selling just 100K shares of CGIX at $0.185 ~ $0.145 one could correct nice amount of cash ($18,500 ~ $14,500) which can be used to buy 4.7436M ~ 2.6364M shares of its subsidiary stock (joke low $0.19M Market Value now) at today's price levels $0.0077 ~ $0.0039!