RE: DACOLTS/skyhigh13Here's my take. Con Magna Ventures is another mining going internet/tech company. There are many plays out there like this one that are trading at a much higher range. (ex. INS.V)
The interesting part of this company is the upcoming name change to Eclipse Ventures. This will be voted on next week. The other interesting part of this company is that they just didn't decide last week to do this. They actually had a deal not work out awhile back. So in my mind they are more experienced then some of the other start-ups. The announcment of the Private Placement today was interesting. That usually is a signal that something is in the works and they need to raise some funds to complete the deal. The timing of the run-up today had to do with that. Interest is up so it should be very easy to fully subscribe their PP. With the Annual General Meeting next Thursday, sudden interest, and funds, who knows what could happen hear. Check out VEN.V and BE.V to get an idea of what could happen to a stock if they successfully change over from mining to internet/tech. I will take my chances with Con Magna.
Hope that helped,
Dacolts
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