International Zeolite Corp. V.CNZ

RE: tradergader seems this one doesn't

[tradergader]

You are right, I have followed and are currently following several companies involved with BK. My current favorite is Air Canada. The writing is on the wall for common shareholders to receive nothing but they continue to trade @ $1.50. The situation above is what interests me to study trends with BK companies or companies on the verge of BK. Anyway, here is my take on CNG. I remain cautiously optimistic that CNG will be able to restructure its long term debt without filing for protection. If that is the case then we should see at least a 100% gain from these levels. A bigger increase will follow if CNG can demonstrate a positive quarter and much bigger if the whole airlaid market turns around. If BK protection is filed, I would expect a quick drop to the low .20's or high teens followed by a rally to the mid 40's (eventually to 0). I have personal exit strategies for either scenario. I have said before that I am not long on CNG but not saying that I won't change my mind somewhere in the future.