CDO's futureLook, can we put this senseless "back and forth" between madstocktrader and trade4ever to rest! Madstock has a valid point about Renee's continuous scalping his own company's stock for pennies. Even if he does buy lots of the PPs, his daytrading his own shares is unseemly. It looks like that is getting washed out though and there is a change of management and focus. The volume is undeniable. CDO has to prove it has the ability to turn some potential. It looks like this time they have done it. But only time will tell. Nobody can deny the recent volume. It definitely shows something real is at play here. These guys moving into the stock aren’t doing so only to see a penny or 2 profit.
I think venturetrader's post earlier is bang on:
I believe that the insiders are stepping aside and a new breed of promoters are coming int. They have acquired TWO REE properties and issued allot of stock for those, Some group has also bought up ALL the loose paper from the current insiders(arranged cross's??) and have also put up HUGE SPPORT bids at the $.07 to .08 range, I believe that most of the weak hands have sold and a group has acquired all that stock under $.08.
This stock is NOW ready for a pop into the $.20. I hear that the guys who are into this deal were also into V.CIN and V.CCE and have done extremely well in the REE field.
The recent volume speaks to this and the huge bids and buying speak to this change in momentum and focus for the company . Prior to this no one wanted to buy this stock ..even at $.04...