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I know the wait has been a real pain in the hind end, but from what I gather, Damien is right now in the process of trying to close a huge sponsorship deal. I know he will be in NY shortly, and its my understanding that this thing could be wrapped up within the next few days. All signs point in the direction that this will be a majoy sponsor which will mean big bucks for csgc. Damien has gone so far as to say that this sponsor will be primarily connected to there NY event, which will be the showcase event each year. It will set the stage for the level that would like all subsequent tounaments to reach. This is the most important item on the table right now. If this deal goes through as expected, this stock will move. As far as the WigWam tourny goes, it will be a smaller scale tourny this year, and bigger next year. The idea is get the sponsors on board and go from there. The sponsor they are trying to snag at this very moment will generate other spin offs that will be a great advantage to csgc ie. other sponsors etc. These guys know about Golf, are involved with other tournaments, and have their own connections no doubt It has just taken much longer to complete the deal then previously thought. For the most part I believe negotiations have been successfully completed. Remember this drop in price has been on virtually no volume. There are alot of shares held that were bought at much higher prices. With the potential of the news that will follow, its wise to hold on. For those who are lurking, you might have sometime to wait, but I think the jump once it comes will be quick. It you can pull the trigger and get in before the MMs, good luck to you. IMO its going to be one hell of a play. |
