RE: Absurd OverreactionAfter the consolidation the price per shares would be .75. A lot of gambler will believe ( it is ALWAYS like that ), that CDO has been rocking. They will sell big time and hammer the price down to .30 or .40 (which is .02 before the consolidation). Current shareholder will again lose again.
A price (post-consolidation) of .75 would make one think Reed believes CDO goes up to $ 2.00 ?! What for? It is just eyewash to everybody as $ 2.00 would be nothing but .13 before the spilt. a totally stuüpid and useless eyewash.......CDO will NEVER go up to $ 2.00 after this consolidation !
This consolidation kills faith, share value and there is still no money for anything: Or does anybody here really believe an investors takes the risk to buy at .75 and than notice that gabmler, short seller and day trader hammer his investment down.
I have seen this too often within last twenty years. Thank you Reed, for this most stupid idea a CEO can have at such a story.
widman, you obvioulsy never have been parts o share consolidations like this. Ok, make your experience............we will see how absurd my predictions will have been. CDO is dead as the properties have not helped within last nine years....and now wfaith will be gone as well. Not one single commodity I follow, has done a consolidation with any success! Do not eyewash yourselves beliebving, CDO has great properties. If they are great.....so why we have such a chart? Neither insider selling not MF would have been able to influence the shareprice.....I simply see that CDO made a lot of money by past private placements....and until today we do not receive one single drill result. So, what has been done with this money?