Raks;
What would you disagree with ? Opening my eyes and not talking the "blue pill" is what has actually made me money on this stock for once.
In fact when i origianlly sold (stopped being a holder)people asked why now ? why now ? Well in fact i could have sold any time in the last 11 months and been far better off for it.
This stock was ramped to obscurity with all the magnificent "nearology" and "management credentials" crap. The only people with real credientials in CVI share the Fortitude board, which seems to be the money maker here, and George Hunt Smith who sold at the all time high.
And there are others like me perhaps less vocal who have completly sold out or dont disclose their true holdings and sentiment. But that is their perrogative and personality. In fact many stallwarts have traded this and maintained a core holding, so what, its still trading !
People can take me off their favourites and XMAS card list for being honest, then i dont give a toss frankly.
If Smyth actually pulls something out of his behind that has substance then the SP will move and be revalued accordingly and i will buy with my cash on the side, in the meantime i make money, actual profit elswhere. If you think someone has got in my ear or soem email loop then you must take me for a fool. My decision to sell is the same reason i bought, what i think at the time.
But when the goal posts have shifted and shifted and you have lost money whilst the CEO screws the loyal then it is time to wake up. Has your money gone sideways or have you traded it like the smart ones ? I unfortunatly slept through the alarm in a BRR ramped up dream !
Angry gets angry and emails MS etc and gets no results, i decided to vote with my feet, and i bet if more people did you would see far better results when the SP is 2c and Global/Pershing etc has no room to move. 2c which in fact is what it is actually worth as CVI has NO legal title on anything. Have a look at CdeB for an example.
Cast your mind back to when Global took its 75m placement, everyone was jubilant that an Insto had got on board, same as Pershing, how quickly people forget that these guys dont make money letting it sit idle. Could be placed to the bank of god, its just an account, and soem have swallowed the "blue pill" again because they dont wish to face reality.
The excuses that get made are pathetic and getting worse, even the post election anns are starting to have built in delays by the faithfull. The most complelling thing in this stock is whats going to happen next and Clarkkents postings.
FWIW, i think it will run hard soon, and not because of a real ann, but i would more than happily stand corrected. Think how much interest is out there in CVI at present, sitting buy and moving in close to an election. Now this other mob can sell 20m to the new guys.
Think about the refinery. Dissasemble, inspect and recondition (which is happening apparently), relocate, reassemble, test and commision in less than 18 months. Hmm when do those options expire again ? And the JORC that has not started, but will be done by XMAS !
In the long run who knows, but why get manipulated in the meantime ?
Bacchus
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