RE:RE:Nov 10 CFW cliff-diving?I believe it was a single sale of around 17000 shares at 4.60 that filled a bid at 4.60 . Somewhat of a public transfer of shares that caused a signficant drop in price over a small volume of shares moving hands, like pre-orchestrated. I was surprised that the stock was haulted though..
I think the interesting predicement with this stock is that most people do not want to sell their shares and the majority of shares is owned by Investment funds, private equity and insiders. I think anyone that can understand finanicals knows this is very undervalued and will be worth alot more as soon as CFW is back to being profitable, likely this quarter or next as long as commodity prices stay steady in the range they are currently at.
IMO what will need to happen is for the big-boys to eventualy start selling some of their shares and getting volume going to increase the stock price and gather attention from outsiders. They might need to sell a 5-10% stake of their holdings to interested buyers (publically trading) in order to achieve their 100-200%+ gains on the shares they keep.
I do not have a crystal ball and am not a fortunate teller, but I am still quite confident that this stock is 50% undervalued currently when factoring in Full Dilution share count. Going to stay patient for another 3-6 months if required.
GLTA