Looking at CGM's quarterly report shows that they have to give shares to Lind Partners everytime they receive a tranche of money from Lind. I believe this is called a Death Spiral deal in New York. Lind receives shares at a discount everytime they give money to CGM. So it is in Lind's best interest to kept lowering CGM's share price so they kept getting more and more shares each time they give money to CGM. It has justed worked, since on CGM's report, the orginal price of the stock they were to give Lind was .005. It was then lowered to .0025. Those New york guys are the worst to deal with if you need money badly. How low will CGM's share price be in a couple of months when they get the next amount of money from Lind? Just my opinion.
CGM Price at posting:
0.3¢ Sentiment: Hold Disclosure: Held
