Buddy, I wonder if you still have this thread bookmarked.
Have you been following CMOZ or did you throw in the towel? Did you or your brother ever make it over to CMOZ headquarters? If so, what were your impressions?
In the message I'm replying to, you said you had a buy in at $1 3/8 for a week without a nibble. That was March 8th. On March 13th, CMOZ closed at $1 3/4. Four months later, CMOZ closed today at $3/16. It's hard to envision a $1 3/4 stock losing 90% in just over 4 months. After all, how low could it go?
That's still the question: How low can it go? A further -90%?
There's been no news of significance in the last month other than this:
"SAN MATEO, Calif., July 5 /PRNewswire/ -- Cosmoz.com, Inc. (OTC Bulletin Board: CMOZ - news), a holding and accelerator company that funds, acquires and develops Internet companies, announced today that it has executed an irrevocable Investment Agreement for the sale of its common stock to an institutional private equity fund up to an aggregate amount of $20 million."
Things must not be going well if a company has to dilute existing shareholders' equity to get financing to stay in business. And then there's the matter of insider selling. Yahoo shows in April, May, and June, insiders have sold 1,000,000 shares of CMOZ. Oh, where is their confidence??
Buddy, I periodically review my old investments to see if anything good is about to happen (and to keep old links from disappearing due to inactivity). I see nothing intriguing about CMOZ - just old hype left to die a wretched death. I hope your old 'buy' orders never got filled. |
