Replies to post #87293 on Coastal Capital Acquisition Corp (CCAJ)

[RobinSharma]

Agreed..desperate sellers are gone.One more news and new buyers will come in and there will be no sellers left..I see this going to a dollar!!

[jbsliverer]

Na, don't find it interesting at all. And I don't place a whole lot on any specific day like "Monday". It was Thursday that the sellers hit it hard. It's more of over time and not one specific day (altho Thurs was pretty specific LOL).

I guess it's just speculation of exactly how much is left and how low this thing can go and how long it's going to take to do it. Still got to deal with the maxed out share structure and future "financing".

If it's more than half the debt gone, I guess one could say the worst is over, but that still could mean trips which in percentages would be better than what it's done, but still not good.

If there is more than half debt to be sold still, one really will have a problem and cement floor cures a bit harder. Good luck.

[BigBake1]

Not really, they intended to keep this from plummeting into the .001X range and closing there. They held it at .002 for a reason and that is to create hope. Much like how the close looked nice today, they backed off and let the offer rise on some decent size blocks, but nothing huge in the last 10 minutes.

Certainly they have sold a lot of those 386 million shares and they are probably 100 million from being complete. They may even back off since they got the bulk of them out there and pulled some ridiculous dollar volume this week.

[prsch3259]

Yes I agree the worst is over. Monday should be our confirmation

[cash4]

I do ! And i know i'm not alone !