Is anyone else frantically trying to get their hands on more cash to buy CTW right now? This is really a no brainer right now. I know people are seeing that it was 9-10 cents recently and wondering if it will return there and I am telling you it will not. This stock and company is completely different that it was a couple months ago.
I took a huge gamble at 9 cents and loaded up and in hindsight yes it was the smart thing to do but I was scared s***less. The stock is now up more than 50% and people are probably wishing they had bought when I did but I was really going out on a limb. They had just lost a brutal and spiteful CEO, they did have a hunter hall backed Interim CEO but who knew how he was going to turn out and we had no clue if they got their burn rate under control so cash was a major issue. They could have easily gone bankrupt, who the heck is going to lend money to a company that burns money like the old CEO did.
Now they look unbelievable, every news release is getting more and more positive. Our PERMANENT CEO looks amazing (a bit early to say hes "proven" but he is certainly headed that way), cash is no problem, they are doing a nice warrant financing style which means we get cash now and then if the stock stays flat we got free money (YAY!) and if the stock moves north then we get MORE money when they cash in the warrants and a small dilution but what do we care cause the stock will already be up.
It's hard to say the same stock looks better at 15 cents than it did at 9 cents but that is exactly what I am telling you. This is a safer and easier call to make than it was back there in March. Don't wait for that order announcement, once that comes it will be too late. When most investors are up 50% on a stock they start to unwind their position, I am desperately trying to get my hands on more cash to buy more. That's the sign of a winner and in 2012 winners are tough to find.