I brought 5 millin CFR for 1.1c -
$55K - I was happpy to be holding but the week before last got alittle nervous. I sold 4 million for 2.4c - Made a nice litte profit. I kept 10 million for free carry - They owe me nothing.
Myt doubts about CFR are -
1) Too many shares , 1.6 billion
2) Over the past 10 years CFR has risen twice this is the third time. And this time its on the back of IO
3) Managment, I am not sure if they have the TESTI 4TUDE to make this happen.
As I said I hold 10 million - If they get to 5 cents, I will sell.
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