CU Tiger<<I think this company is on the right track and they seem to be making good decisions. Although I'm still not sure about a reverse split.>>
Hey CU Tiger, shouldn't your name be CU Buffalo? See my profile.
This comment seems to hit the nail on the head concerning this company. Despite 2 straight news releases that continue to enhance the credibility and viability of this company, the share price remains stagnant. IMHO, the reason for this is fear of the unknown, or in this case, FEAR OF THE REVERSE SPLIT. AFAIC, this is a fantastic opportunity to add more to our positions. Check Central should be a money-maker because there are 7-11's all over the place and not everybody has a checking account (read previous posts and article). Don't really know the profit margin on this venture, but I assume it's fairly high.
This stock is definitely a high-risk, long-term stock because investors want nothing less than an FCC-approved product. And until that day comes, there will be naysayers and shorters. The best way to defeat these types is to hold, hang in there, because if and when this product gets approval, every investor in the US is going to be trying to get into this baby. Can you imagine the news, 'Greenland Corporation granted FCC approval on electronic meter reading system'. I am patiently waiting for that day.
Although I have only been playing the pennies for a year or so, I have been caught in the trap of wanting to get in on the latest run. To do this, I have contemplated selling other stocks. As a matter of fact, I have sold a couple of dogs that I made stupid, ill-informed decisions to buy on. But, I hold the stocks that I feel have a much larger upside than downside, which I feel this one has. I don't know if this stock has been shorted much, but if it has, the only way to beat them is not to give in to their manipulation. They want nothing more than to create a circumstance that they can lure a seller in so they can buy and cover their short for a profit.
Now back to the dreaded reverse split. I have only been involved in one other and that was with DVNTF. They had to split 1:4 to get back to $1 to keep their nasdaq listing. This split worked great for me because I bought after the split at $1 and sold at $5 but it did take a while to get there. This is a slightly different situation. IMO, the main purpose for this split is to reduce numbers of shares. This can be good, IF Greenland turns a profit from CC and any other venture before the utility business gets underway. The downside risk that I see is if they don't turn a profit and people begin to sell, it's a long ways from $1.50 down to a penny (people will sell the hell out of a $1.50 stock if there's no profit compared to a $.15 stock). Whereas, if they were still at $.15. a stock with this strong an upside to it would probably not go from $.15 to $.001.
Just a few thoughts that I had been wanting to get on paper but hadn't found the time. Any thoughts or opinions concerning my views and opinions would be welcomed.
Long on GLCP!
On another topic, I am very interested in BLHG at these prices (around $.50). They seem to be making good decisions and acquisitions along with huge volume orders from four companies for their plastic containers. I have been monitoring the BLHG thread, and there's a lot of negativity on that thread. If anybody would like to express their opinion on this stock, please respond privately. |
