Mike: my take FWIW...
Failed NASDAQ try (big blunder)
Lousy market scenario - "bum luck" - but CBQI is not rebounding now with the rest of the market. Bad sign!
Late 10K & 10Q, with nothing added to them to warrant delays. Sloppy & amateurish. (big blunder)
No financial plan yet (huge blunder!)
No substantiated revenue flow... just hopes & promises & double-speak.
Too many "loose" shares-- 144's etc. diluting value, bloating float & allowing MM's to keep prices down. 18 million shares waiting in the wings. A royal mess, & major long-term strategy blunder, IMO. Also, angry, frustrated, depressed investors.
Lousy shareholder relations - still waiting for response to concern E-mail of over a month ago.
They claim to be "1st in China", but I never see them mentioned in any news except their own releases. I did not invest originally for any China connection.
If we held enough shares, we'd be wise to vote for a merger or takeover. IMO, these guys do not have what it takes to pull it off. But they hold all the cards, & have little stated concern for us.
Lakers is right: only news of major financing and major revenue-producing deals & revenue itself will pull CBQI back up. This was supposed to happen months ago; the market is very unforgiving of companies that can't deliver. CBQI is probably considered to be a POS until proven otherwise.
What am I doing? Why, buying more, of course! Now instead of having to get back to $10-12 range, I'd be OK at $5-7 range. I think it's doable, and maybe a huge gainer long-term.
But the "monster stock" we touted a few months ago is presently busy devouring its own children.
Blessings... Sportfish |
