Canasia Industries Corporation V.CAJ

news out

[couples4]

They just announced the roll back...1/20

[BFREE2]

The reverse split was inevitable. The unknown was always the 'when' and not the 'if'. But since the SP has tanked over the last couple of weeks (on high volumes), news about the timing of this roll back was obviously leaked.

[BFREE2]

Oh, and the company will also be changing its name if the consolidation goes through. Wonder what that's all about...........   So, my 100K position will shrink to 5K post rollback. That's awesome. Thanks, Negar! you're awesome! 

[td516]

yeah i am holding 420 k don't know iff new's is good but will soon find out .change of name ?????hopefully new name will bring in new people at the top .glta

[td516]

i am not sure iff we can call a couple of mil  shares changing hands  hi volume [when there is 140 mil shares out there ]someone or institute own a huge chunk of those shares [they stand to improve their position with their nr  and rollback plan's ]unless it's a numbered company that needs a tax write off .

[specul8tor]

Rollback's tend to be the second last step before the light's go out altogether....I can't believe I had a chance to dump this at .20 and didn't..no point in selling now..Got a call a few day's ago from the same group pumping HAO.I missed the call,but I have a feeling it would have been a very short and un-pleasent conversation...

[BFREE2]

I would consider a couple million shares 'high volume' when compared to zero shares........

[BFREE2]

I suppose if there's a silver lining, it's that we don't have much further to fall before it hits rock bottom.

[td516]

of course in that context your right but i was talking about the broader picture  of 140 mil .someone has a major chunk of them .and for whatever reason are hanging on to most of them [why ]i assume for a higher profit margin [they may know that will happen in time ///but unlike the the small invester.  they can wait for that to happenp[ plus how many of those shares are accumalated 

[Smiles48]

your wrote: of course in that context your right but i was talking about the broader picture of 140 mil .someone has a major chunk of them .and for whatever reason are hanging on to most of them [why ]i assume for a higher profit margin [they may know that will happen in time ///but unlike the the small invester. they can wait for that to happenp[ plus how many of those shares are