Over the past month almost half the company's shares have traded mostly at 0.02. If there is a single (person or entity) buyer this now points strongly to a backdoor listing and one would expect the sequence of buying to continue.That is buy at 0.02..pause...if pos put through a 0.01 sale...wait for sellers to queue at 0.02, resume buying. The shares are worth 0.03 which is an extra $0.05 million the current sellers have foregone. The interesting part will be for those of us hanging on, what the compulsory sell amount will be once the current purchaser accrues 90% of the company. By then those who have sold will collectively have undersold their shares to the tune of $1 million and the remaining 10% of shareholders still holding may get offered 0.03 which is the minimum market value I believe the shares are worth. My position is to hold and continue holding but I may be tempted to sell if 0.03 is the going rate because this would provide a fairer value, combined with greater certainty of outcome.
CGA Price at posting:
0.2¢ Sentiment: Hold Disclosure: Held
