RE:The so called 'chief'.Lookingforclues wrote: I have heard that the above and his Team own over half CCB shares.
I hope I won't be punished too severely for asking....
I asked on another Board but no answer.....am slowly understanding the Politics of this.
ty...
Lookingforclues, I doubt that Chief still holds all the shares he held originally after what he did to his ZEN shareholder friends. Half of CCB shares would be aroung 50 million shares. It's possible but I doubt it. Chief once posted that his average CCB cost was about 9 cents/share. At that cost, 50M shares would cost $4,500,000. The big problem is the volume is too low to sell that many shares quickly without crushing the SP. The only way is to trickle the shares out over time which is what I believe he would have done. That might explain the odd trading patterns and the painted closes we have seen.
Chief posted that him and his TCC members held around 20 million CCB shares Rumours posted at Stockhouse bullboard and at SI were that his TCC group might have held 30 million shares. We also know Chief held a lot of ZEN shares at one time and he sold them while he was posting comments on his TCC site to encourage his members to hold and buy more ZEN shares. Some members felt they were betrayed and they probably bought shares Chief was secretly selling. Chief doesn't seem concerned and when members complained be turned on them and called them "The 14". He berated and threatened them with lawsuits. He knew all their identies from their TCC membership records.
My guess is that Chief unloaded a lot of his shares but his TCC members are probably still holding. My personal opinion after watching (and doing a lot of DD) the people with CCB is that CCB will never have long term success and the shareprice will never go high enough for the retail shareholders to make much money in the longterm. I owned CCB long ago and sold during one of the many price runs that collapsed fairly quickly because there was no material change to justify the price increase.
Posted August 4, 2017 at 8:04 PM