Steel. I for one am very excited about the meeting friday, and already have warrants in hand to do execute several of the many many scenarios in which to play this...
As you know i tried to stoke up the discussion on the ECSC board last weekend. Seems like you and i are the only running bulls at this point - and as far as i can tell it can only be the market sentiment in general that has turned a gang of the bulls bearish lately. esp. regarding CFQCF. Then again, we are all already loaded up at this point i suppose...
Without any fundamental change except perhaps slightly for the better, it seems there is no reason for anyone to change opinion except for fear of china markets. IMO, the fact that wowjoint operates in the china infrastructure sector should isolate CFQCF from other more speculative sectors. the PRC is spending money to rapidly improve the infrastructure and those revenues arent going anywhere but up.
I expect to see CFQCF trade above 10 and trigger the warrant strike redemption sooner rather than later if the merger is successful, which we will know quite pronto.
thanks for all the work on the board,
malc
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