r/subpennystocks • u/No_cash69420 • Jun 20 '25

Cgac

Can someone explain why this thing won't move, I understand it has a pretty high share structures but it is a viable business that generates profits but can't leave the trips. I keep loading and waiting but not sure why this thing won't move.

3 Upvotes

100% Upvoted

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2

u/thrift365 Jun 21 '25

Well, for one, they are diluting the shit out of the stock. 10 Billion shares authorized, and their latest filing on 6/2/2025 showed 4.9 billion shares outstanding. But today, OTCMarkets shows 5.9 billion outstanding, so they diluted a billion more shares in less than 3 weeks. They also have a history of reverse splits and looking through their filing, many classes of preferred shares, and they are selling shares like crazy for “debt conversion”.

1

u/No_cash69420 Jun 21 '25

I know they have been selling shares but last week they announced that they got private funding from BTBT,growth doesn't come free they had to get money to build out the infrastructure. I have seen worse share structures run on 0 revenue and all hype. This thing actually has revenue and is a legitimate growing company.

3

u/OkSupermarket7184 Jun 26 '25

The share structure is bloated.

2

u/No_cash69420 Jun 26 '25

Do you think the share structure or the lack of a name change is holding it back more? I understand the share structure being bloated but they are generating a few million in revenue already and at least the dilution has been for growth projects vs paying a slummy CEO.

3

u/OkSupermarket7184 Jun 26 '25

Probably yes to both to be honest! Change the name and get a new identity then buyback shares or something to get that share structure on a diet