RE: Stock Accumulation at this price.At least you do agree that the shares of CD are way undervalued.
keep in mind CF is buying lots of those cheap shares right off the
market because I believe that he knows what they are really worth Brian.
Now the real float problem which is really 220 million shares because
80 million is really held by CF himself.
The only solution I see is the reverse split of 10/1 which would reduce the number old o/s shares to 30 million new shares which is
already on the table for many years now and never been exercised by
the company yet.
The reverse split at this stage will not be bad for the company because the potential of the JV and development of its properties will most likely explode the value of CD shares very quickly just on speculation alone.
The bottom line Brian I believe If CD succeed in getting a serious
JV and starts to proceed with development process of its properties
the .115 cents a share could easily reach one dollar within couple
of weeks without even consolidations and that is what's probably going
to happen and later on the consolidation will take place once the share do reach more realistic value than what they are today.
If CD management do decide exercise that option to consolidate its shares 10/1
Still the new shares will most likely thriple and quadrouple within
matter of months just on speculation.
Again that's my opinion Brian but you know as well as I who's really the driving force of CD and its uncle CF himself and I believe that he is now ready to explode CD market value.
I learned certain things you were right about is how uncle CF think
and how he make some of his moves that are hard to understand at times.
He moves different than most directors that I ever followed in my
twenty years in investments.That's probably why he is a very wealthy
man today.
Things is its starting to look good. I always believed in CD potential
but I was never able to know when its really going to make its move.
Today we finally have that answer that we all were waiting for.
Good Luck
Hope21