Ceapro % Ownership by Stockhouse PostersAll,
Thank you very much to those who have posted on the board or sent to me via private messaging, the number of shares or % ownership in Ceapro that you own.
The number is actually much higher than I thought it would be, it came in at 30.15%, I expected it to be in the neighborhood of 25%.
What does this mean and how do we put this into perspective? First of all, let me say that the comments associated with the responses seem to indicate that the shares are in strong hands. It also tells me that the actual share float is probably much lower than many had anticipated. Given the current numbers re ownership and thrown into the soup bowl, I suspect the share float is about 25 million shares. I would say that this is quite low by some standards and also indicates that a large price move to the upside is required to shake out some of the overhang, this is desirable
Those who are tagging Ceapro as an illiquid Canadian microcap may have a point but that only shows the ingnorance of greed of those who make the statement. Corporate performance via the news wire is your only driver, that has to be the catalyst if you want sustainable progression.
With the stock being in what I would call very strong hands and the number of initiatives in the pipeline that are very close or already worthy of progressive updates, you have a prime scenario. The risk/reward situation is certainly geared towards reward, the downside risk is low. Speculation is minor and that component can also play into the upside, you just have to have a buyside that is willing to not only invest but to speculate. I suspect that the long awaited news will provide this opporunity.