So the company has just received the latest raise to clear the con notes, but didn't and let them convert. they could of cleared the notes while they were in the trading halt.
Still has outstanding notes but has not cleared them either. hmmm. The price spiked when s/h thought the notes were gone and IMO came back to earth when they didnt and was sold down by multiple parties with hundreds of millions of new shares to get rid of.
No news on what the sizable chunk of cash raised is going to be used for
They are about to spend $10k to raise $200, so they can remove restrictions on another 500M odd shares, why remove the restrictions? do they want to sell?
And with another 350M options @.012 on board, the odd pump might come along but will be severely hamstrung IMO
Glad i got out on the last pump.. another will come along
IMO DYOR
CGB Price at posting:
0.8¢ Sentiment: None Disclosure: Not Held
