International Zeolite Corp. V.CNZ

My 2 cents

[tradergader]

This is my 2 cents. Take it for what you want. The longer this thing drags out (been going on for almost 3 months now), the worse it is for commons. Right now, CNG could have the best possible managers representing and still be at the mercy of the industry. Can they perform in a competitive market?? I would have to say that the answer is yes. Look at their European market, it is currently successful. Unfortunately they have invested a pile of money into a North American market that has no current opportunity. Anyone ever hear the saying "cash is king". If this is truly the case then CNG management are nothing more than peasants begging for money from their creditors. Their main competitor (Buckeye) has a more diverse business model that allows them to not have to rely on only revenue from direct Airlaid products. I believe that the best case scenario that could come from this is that common shareholders get diluted by a minimum of 100% (meaning that at least another 35 million shares will be issued for debt). The worst case is what I have said many times before (bankrupt equals zero for commons). I am not going to try and blame management and I am not going to complain if I lose my money on this because I understand what I am into by owning this stock. Instead I am going to hold for now and see what happens. Besides, Casino's are too smokey.