Post by
wildman2 on Feb 28, 2011 8:10pm
Time for CDO on Horizon
Did you know in October of 2010, Mineralfields owned 22 percent of the oustanding shares of CDO. 22 percent owned by an entity whose sole goal is to sell all of the shares that it owns of a company.
The mandate of Mineralfields is to sell all of the shares and then re-up on the next flow through financing that the company needs.
I don't see how anyone can be surprised that CDO has a poor stock value considering an insider wanted to sell 25 million shares to the market.
Well, they are almost done. They now have only 3.6 million warrants at .12.
The company will never participate in a flow through with Mineralfields again and when Mineralfields is finished selling CDO will trade much much higher than this level.
The investment community knows how Joe works and it is simply waiting for him to be done. CDO, I believe, is also waiting for him to be done before announcing new investors and positive reports.
The time for CDO is close at hand.
One day coming soon a rally taking it to 6 cents will not be met by Joe selling 2.5 million shares like he did last month. The next time 6 is hit, there will be no Joe and the healing can finally begin for this company with excellent properties, and poor choices of investment partners.
Comment by
Rambo007 on Mar 01, 2011 2:36pm
Good point Wildman but Hammer Joe did do damage The ree properties were anounced.. Now they need a good JV or more money to do drilling to get this going...In order to get money they will have to do a PP at 5 cents