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CWFG Announces stock buy back
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[QUOTE]Originally posted by Lucas Brachish: [QB] [QUOTE]Originally posted by Polarbear17: [qb] But seriously , This is staying were its at, because of the vagueness of the PR's. The mm's will keep this in the .0001 to .0002 range till they bleed it and corner box it in. The only thing that will make this rise is a groundbreaking on a project and revenue. Know the CEO might just be able to take us there in time , but not right away. Rome wasn't built in a day... [/qb][/QUOTE]PolarBear17 is basically right about this... Although I think that a couple of REALLY good PR's will cause enough excitement to get this to run nice and high for a day or two, regardless. And if they REALLY do a stock buy back along with a couple more half-decent PR releases done back-to-back, then we could see a steady little upward climb. Otherwise, the chance of a big run to .01 or even .001 at this point is far-fetched. The current PRs are decent, but they aren't mind blowing and they're all about the potential for growth (good) but not about strong immediate worth (very good) or another company investing millinos in CWFG (even better), or a huge FEMA contract (which would be great) -- and they're vague on how much money can actually be made and how long it will be before the money will come in. For instance, will it take 6 months to turn this land around or 12 years? And since this is a joint venture, is it a 50-50 profit split or will CWFG get more or less than their joint partner. We can piece together many of the facts, but nothing about these PRs really spells out a strong reason for people to try and buy above .0002. Etc. Renovating land and building houses from scratch can take some time, and eventually CWFG might be a very strong little company, but right the company is bascially just trying to rebuild their reputation -- they'll have to continue performing well before people trust them enough to invest in another run. AS for the PR not being released widely -- I still don't see it on Ameritrade, for instance -- that could have something to do with the PR wires that CWFG decided to use. Remember: releasing PR costs money. Most of the big wires charge $$. CWFG might not want (or have the captial) to do wide-release PRs very frequently. They might be saving their cash until they have bigger news and more solid numbers. If that's the case, then it's good they at least released this PR to enough sources that smoe people on this baord were able to find it so they could share it and spread the word -- which may have been CWFG's intention, letting the word spread slowly this time. Let's just hope they have some good numbers and big PR saved up for the near future. I'm amazed that with this PR out there and the buzz on the baords about this stock that I was still unable to sell anything at ..0002 today but I was still able to buy a nice chunk at .0001. Are people really that desperate that they're willing to sell at .0001? Or are the MM's shorting (if they are, then we just need to hold out until they have to cover their shorts, and then we could get a nice run)? Any chance that CWFG is secretly dilluting (I hope not). Anyway, my average is getting low enough now that I'll make an okay profit at .0003 or .0004.... And I still think .0005 is a realistic sell-point for some point over the next couple of weeks. Going for higher than that will take a much bigger rumor/PR kick or some big revenue news/buy-back, IMHO, unless some penny madness creates a nonsense run... but as we shake out the low bidders we should grow. And yet, the way this keeps collapsing back to .0001 is nerve-racking, to say the least .... hopefully it's just more panic sellers and people with short attention spans, and not people accurately predicting a bad future for our company here. It's hard to hope for .0005 when we can't even get past .0003 for more than an hour and no one I know can actually sell at .0002. But give it time.... maybe one day we'll see a dime. ;) [/QB][/QUOTE]
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