My take on CXR
I have kind of stopped putting out my messages on stockhouse. I did recieve 4 mails today from some vrx buyers who also invested in cxr. One mail was touching and so I decided to write back but not in private mail but in forum so others can read and make their own judgement. My friend as you have written you lost most of your life saving and now don't know to how to handle son's future. I would say most of your life you have earned right way and I am sure if you walk the right way god will help you. Stock market or financial products are not the right way. From rrsp to 401k to cd to bond to share market its all designed to loot common man's money. My experience working at wall st has tought me its all about them making money in a legal way and retail investors loosing money. from buffeet to ichan to cramer every one is a scumbag who will not care what happens to your life. Think how will the financial institutions run if you guys didn't put money and lost to them. Of course they will show you there is future here by showing carrots and the moment you try to grab the carrot they will either take it away or will let you eat in hope that you attempt the same thing again with more money. Easy money is addictive , stay away if you can. I did some research on CXR , if you ask me its trash. Looks at their product , almost 90% of them are basic medicines which any pharmacy house can produce. Don't go by 200 number its the carrot. Next the compnany , very suprising if you look at transactions. It looks like they bought a shady company amco which it self was shady in their transactions. The valuation of 3 billion was the key. If you research it doesn't touch 1 billion 2 years before the transaction buying amco. That it self tells you it is another wall street scam as usual. Next todays episode , stock goes down because of a pending legistlation. The company says we are fine , we will deliver what we promised. Reality is the law will take next spring to come in practice , means they don't get effected till then. offcourse they will deliver , but what about after that . Company says nothing on that. I could spend only an hour on this and already I can see so many red flags. I won't be surprised if it goes below $1 by next year. If you want to invest for son's future invest in blue chip companies , atleast 10 will become 14 or in worse case 8. If possible stay away from financial institutions , money fues the beast , choke the money they will choke. The amount of money retail investors earn is humongous , looting that money is every financial manager's dream. Don't be part of it. work hard and invest in future by paying for son's education or house etc. investing in stock is like giving your money to casino who control the game and can deciede what to do and when. I know many will say what I am doing here then , well if you are insider or you are connected to insider this can be made your living. Goodluck and hope you live to fight back. don't give up