GREY:CRRVF - Post by User
Comment by
buyifisell1on Jun 06, 2019 10:19am
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Post# 29802441
RE:Trading at .10 in the USA - new low
RE:Trading at .10 in the USA - new low
Penny stocks like this always have to be treated like a lottery ticket. If you win, you may win big. But, overall, the odds are that you'll lose.
Until about a year ago, CVR looked like it was actually run like a business. A small struggling business but a legitimate one all the same. Now, it's hard to tell. How do you blow past a regular filing date like this? People really screwed this up. I hope that they are not intentionally delaying their filing. There is no law against stupidity (though maybe there should be) but stock manipulation is another thing.
The one good point in this whole fiasco is that CVR hasn't been sued yet. If you look at a lot of companies that have substantial stock price drops, there are numerous law firms that specialize in filing suits claiming that shareholders have been screwed by company mis-deeds. If those suits ever hit CVR, it is dead. There is no money to defend the company against 5 or 10 suits. Cross your fingers boys.