SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Capital Alliance Group - CPT (CDNX)

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Crazy Canuck who wrote (300)4/16/2000 11:53:00 PM
From: keith massey   of 960
 
CC,

Great summary.

You are correct that CPT is now sitting on $19 million in cash after the latest seed capital financing which is approximately $2/share and will have 4 times that amount in cash alone after the IPO. We are seeing panic selling across the board and CPT sure was not immune to it last week. However I have to state the obvious - in my opinion people are throwing out the baby with the bath water on this latest plunge.

Will we see some weakness tomorrow on CPT if the entire market is really weak, possibly. However with all the things they have on the go and the amount of cash they now have in the till I have no problem holding and adding through this dip and keeping this as a medium/long term investment. If this chart had dipped like this in a strong market I would be concerned about the fundamentals we have discussed on the thread but the fundamentals have not changed and what we have is a lot of fear and panic and people are just looking for exits on stocks across the board irregardless of the fundamentals. When this panic stops it will be the stocks with the strong fundamentals and growth stories that shine.

Best Regards
KEITH
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext