We are dealing with a co that has a bad past and a bright future.
Large institutions are not going to buy CCEE at $5.00 untill they
see some large growth and earnings. This should occurre after a
couple of quarters. A reverse after we hit a buck to me is useless.
The only that will do is to help bring the sock down. I for one will be out of here if it does. I have a sizeable investment in CCEE and
would come back when it bottoms or close to it. Answer me this!
What would you rather have in a co that is going forward with
better than expected growth and earnings, 1,000 shares @ $10.00
OR 10,000 SHARES @ $1.00----over time lets say 1,000 @ $15.00
= $15,000 or 10,000 @ $2.50= $25,000. This is one of many reason
that investors buy penny socks. I know a lot people bought at higher
prices but a lot of new investors bought at $1.00 and below and
plus a lot of you averaged down. Look at this scenario-----Co pro-
ducing large revs---profit going up-----money coming in----new deals
going down-----sock is rising ... NOW BIG QUESTION---Could this
CCEE bring in revs over 100mil to 150 mil in say 2 years given what
we know and expected growth????? I say yes that it is "possible".
What would the stock be worth then without a reverse split and what
would be the value to you?? And how about this? You have to file in
your proxy for a reverse split!! DO you tell your investors that you are filing to save face from delisting or DO you tell them that we want to attract institutional investors at $5.00 and above???? This co has not been straight forward with us. But if you read between the lines and have a good knowledge of what's going on you can see the bigger picture. I had a business and know how tuff it is to survive. You are always worring about money and do what you have to do to make it. As things get better and money comes in, you burried things under the carpet and hope they stay there. You become more respectable and can concentrate on product,sales services etc. to grow. I think we are in that area now. My big question now is
HOW ABOUT THE TALK OF AN INVESTMENT BANKER. WHAT'S GOING ON WITH THAT? IS THERE ANY OR WILL THERE BE ANY??????
Look at ATEC---did a reverse split 1 for 5 at .94 or .97 end of last year Came in highs 4's--went down to lows 3's (a lot of paper loss) --got an investment banker the other day and made a jump of almost 1 point to around 4.50 --still off of pre reverse split price but getting better. Point is there are better steps to take then jumping on reverse splits.
Steve W
Welcome aboard. Here is another step in right direction.
From Steve
Criticism has been leveled at current management regarding their
capability to take this company further, i.e. marketing on an
international level. Certainly, Jim Cannavino has been brought on for
some reason, possibly because management thinks he could provide
some assistance and leadership in these areas. We will see his
contribution begin this week. He must see something in this company,
including the management. Same logic applies to Greg Garbe.
Stan you asked "I think our current institutional ownership is around
1% (strictly from memory). What do you think would happen if this
increased to 50%?" I would have to carry that dam fuel again!!!!
Requards
Banchee |
