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What a disaster for CTCM. Glad I avoided the losses by listening to the guys over at Ultimate Stock Alerts (you’ll find them in Google)
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Dividend for Q2 cut to 0 as of 30 April. Shareholders are notified by the Board that due to the upcoming restructuring they may lose their investment completely.
Here is the answer for you :)
MNGA is looking mighty plucky and could really test its 12 month high of $1.83 especially now that its confirmed another major sale of MagneGas®
sure dodged this bullet. had closed my CTCM position at 3.85 and had been lamenting that play. not after today's report. they scratched the dividend. profits down 50%. wow. couple that with Russian cap on foreign ownership and CTCM doomed. surprised that PPS hasn't fallen further than 13%. i bet it does tho and this is a good position to short.
Sentiment: Strong Sell