Yes, some MMs were buying CBKC shares heavily at 0.1195 ~ 0.1 most recently v.s. the other MMs were selling CBKC at 0.0855 ~ 0.115 in the same time. Do you think CBKC will break up the resistance 0.1195 in order to test 0.149 again in the coming week? Or it will break down the support 0.0855 and directly crash back to the Bottom 0.06?
When you think of those positive factors to make you buy CBKC you might also need to consider a Very Negative factor (such as the CH11 or even CH7 Bankruptcy like its peer DEST did just a couple of weeks ago)!
Before the CH11 filing on 10/21/2019, DEST ($1.51 Huge Book Value and $0.0803 Cash Value) had much much stronger financial balance sheet than CBKC ($0.31 Book Value and $0.0585 Cash Value)! However DEST was finally forced to file the CH11 Bankruptcy only due to $197.71M Debt on 09/03/2019 v.s. CBKC already had $143.676M Debt on 09/09/2019! DEST had $21.43M Net Asset or shareholder's Equity v.s. CBKC only had $12.06M Net Asset!
DESTQ is trading at $0.0511 (mere $0.72M Market Value) now with Post-CH11 $1.14 Huge Book Value v.s. CBKC at $0.1074 (i.e. $4.11M Huge Market Value) with mere $0.31 Book Value Pre-CH11/CH7!
In order to match the Same Market Value with its peer at current Bottom $0.051, CBKC will crash to 0.0185!
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