CDY Valuation and Broker Recommendation, page-12

I've always respected your posts Lev, but on this occasion I don't agree with you describing other posters as "dipsticks" - simply because they have a differing viewpoint that may not be as positive sounding as other posters.

It is not hard to write a positive sounding report - especially when it has big dosages of "forward looking" statements, tables and graphs with big overtones of "potential" profits and other future "estimates" of success and "possibilities". 

Despite this glowing Broker's report, I note the SP has fallen 25% since it was written. Why is that?

Anyone who has done any decent research on CDY knows what "potential" the Company has. I want the firm to be wildly successful - just like any other holder. But, despite this and, also like most other holders, I am trying to understand why the performance of the share price over the past several years has been woeful.

I am actually starting to wonder what the real reason was for doing a reverse split. I know the line being spun was to create some credibility among the SI's and Insto's etc but all it seems to have done is to create a new buffer that has no other effect than to make it easier to sell the price down even further.

Call me old fashioned, but the only thing that will make this company fly is solid burgeoning profits - backed up by ongoing healthy cash flows. Unfortunately (or fortunately), that is "backward looking" evidence. Until that type of performance occurs, it is all pie in the sky stuff.

If that all makes me a dipstick - then so be it!