"... i will have to pay a bit more now by the looks of it." In my opinion, that's exactly the frame of mind that the announcement circus encourages. Still, we all make our own decisions.
We are all entitled to speculate on the "news to come" ... I guess!
If, there's one constant with this stock and others of this ilk, it's that you will have many opportunities to throw dollars at it! That's how it goes.
My prediction on the "news to come", if track record has anything to do with it, is as follows;
1. There will be some vaguely worded, imprecise optimistic pro forma about how the company is on the threshold of bigger sales / new contracts / new markets blah, blah, blah.
2. In the same announcement or, the one that will follow closely on its heels will be the outline of how they will raise more dollars from those who are "excited" by the contents of the "announcement". Around and around the big wheel goes, where it stops ....!
Perhaps, the announcement will about the fact that the related parties have paid back their rather large borrowings and or their outstanding debts to CGB shareholders. Now that would be worth cheering. Sadly, I think it's highly unlikely.
Irrespective, posters will resume their pro and contrarian positions and the cycle starts over again. And I suspect that what those with a keen eye will discover, is that the direction of the flow of the money won't change.
I didn't bother commenting on the replacement Quarterly fiasco from earlier in the month ... that was ... well plainly embarrassing ... in my view!
