GREY:CCZFF - Post by User
Comment by
s2000hondaon Mar 11, 2005 5:26pm
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Post# 8739119
RE: I hope it won't be like ASR !
RE: I hope it won't be like ASR !Reasons why this will not be another ASR.to but instead ARS.v
1. we are not in the business of digging the earth to hit a jackpot therefore will not hear a news of a dry well
2. too many good things going on with this co. as of late
3. CEO Gerge Watson will not ruin his reputation which was built over a long time period as the former CEO TransCanada Pipelin overnight over a microcap co.
My guess of the NR would be
1. Aquisition of another co.- which is a material change
2. Takeover offer - from a co. like ZED.v which trades at 10x the valuation of CCZ...if I was the CEO os ZED.v, i would love a co. like CCZ to double the rev without doubling the OS. - this would also be considered a material change meriting a halt
3. A SIGIFICANT contract which would have a HUGE impact materially on the co.
4. WORST CASR SCENARIO - A loss of a MAJOR custome impacting the company materially...this is highly unlikely(maybe 1% chance) as the share price has been on the up and up with high volume of late.
Conclusion:
Come Monday or Tuesday I see a huge SHORT SQUEEZE and panci buying and depending on the degree of the NR we could even see $1(probably not likely but again it all depends on the nature of the NR)
Have a Great Weekend CCZ longs!!
Thanks again Eastcoaster2 for the tip!!!!!!!!