Low trading at the moment .. most are playing the waiting game for some GOOD news moving forward. ....
Trading on 26/7/17 = 305429 27/7/17 = 124499 28/7/17 = 62447
The ship is still sailing ... unfortunately due to lack of support from buyers (understandable due to whats happened), the price is at 52.5 cents or at half a cent on the old scale.
This values the company at 64933515 shares at 52.5c = around $34 million ...
Previous it was, (through my calculations), 1813428879 shares at 0.013 = around 23.5 million.
While I'm positive for the CNX story, I cant help being shocked at the dilution , back 10 years ago trading at a high of 80c now with all that has happen both positive and negative, we are now at 0.05c (on old scale for ease of workings) or at 1/160 of the valve.
(Example if you had 500000 shares = $400 000.00 back 10 years ago it now equals ~ $2625.00)
This is the extreme case, as each scenario differs for the timing of buy and sell dates.
What ever the case, Let's not just look with regret at the past ...life is a learning experience for all ... focus on a brighter future for CNX .. Stay strong ... News cant be too far away
I'm hoping that with Kam Lung Investments as a major shareholder, the company can move forward - WITH ALL EXISTING SHAREHOLDERS in tact
The ultimate REWARD now, is to see a success in China
I believe in 10 years the world will have seen the true value in CNX "Keyseam" technology
Lets see how next week, pans out
(This is my view and thoughts, please make your own assessments when evaluating stocks)
CNX Price at posting:
52.5¢ Sentiment: Hold Disclosure: Held
