Rights Offering Well the rights offering offically closes tomorrow at 9am EST. Guaranteed orders for rights needed to be submitted by 5pm yesterday and they still accepted (best efforts only) people that wanted rights today but by the official end of today they will be closed for all intensive purposes and looks like Frontera will be buying almost all of them I'm sure.
Will we see the uptick shortly thereafter? As we start to cross the zones all of those questions will be answered but I for one see tremendous opportunity here. I don't have the background that some of the other phenominal posters have here like Oil_Run, OCM, Dragon etc but I do have a business background and can't stop asking myself why these MASSIVE names in the industry would want to come to CGX? It's not salary because they can make that amount anywhere. I personally believe it's wanting their names stamped to something huge, and the stock options that come with it.
Can you imagine if these people got to have a peak at the backend information before deciding if they would join CGX, and made the decision based on that? Well, I happen to believe that is the case personally because names like this with reputations they have don't want to be associated with companies that are a disaster.
They want to be with winners where coffee is for closers! That's where my money is!
Go CGX Go.
GLTA the longs!