OTCQX:SREMF - Post by User
Post by
JEEDon May 19, 2012 8:36am
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Post# 19928504
CLQ
CLQ While general market conditions have certainly brought this stock down, lets not forget there is a couple other problems specific to CLQ holding it back. Further dilution coming adding to the share count which is already double that of TLH and other lithium producers. Furthermore more, the shore holder lawsuit is hovering over this thing like a dark cloud. Lets remember that those investors did indeed get screwed, and CLQ is likely on the hook for some of what there after. I,m long CLQ but its important to realize there are still some hoops to jump through and while I'm cautiously optimistic, I think 2.80 is a long shot and 1.00 is much more realistic. I continue to add to my position at these levels and will do so until I have half my desired position, Then after the lawsuit is settled I will double my share count.