GREY:CEXPF - Post by User
Post by
shooter1939on Jan 12, 2018 1:56am
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Post# 27339668
Message for Brodeur
Message for BrodeurCache can't raise money after the terrible performance during 2017. The most recent PP announced in October never closed so Jack Bal has no money for further drilling. CAY attempted to raise money in the early summer of 2017 and couldn't sell the stock until it substantially lowered the price to 20 cents a unit and it finally closed on August 25th for a total of $1.5 million. The company hasn't been able to raise any money since August even offering the units at 8 cents in October. The long and short of this whole mess is that Cache Exploration is virtually worthless and the stock should be avoided. I suspect the outsiders who bought into the original units at 20 cents would like to lynch Jack Bal and for damn certain they wont be buying anymore of his private placements. There may be a little stock price manipulation but it's not worth the risk of trying to play CAY for a few pennies up or down as you will eventually get screwed.