It appears that the company has gotten additional funds to work with from the same investment firm that they've been working with for some time. I would guess that based on the terms that the investment firm believes the stock price will go up considerably in the next year. But again, this is gambling, and unless CNES starts making some revenue, the stock will not go up and stay up anytime soon.
Alot of posts over there about CNES, both positive and negative regarding the future. However, most of late are negative and worry me. It looks like their are others out there doing this and that CNES may be alittle late and also may behind on the latest of this technology. Here is blurb that one person posted over there that.
I did my DD about AMR technology and I see that some Utilities companies are already installing this system of metering.
So I see that CNES isn`t alone and may be is late. But the market is big.
The Augusta Utilities
Department’s (AUD) contractor,
Honeywell, Inc., has completed
the installation of the Automated
Meter Reading (AMR) project for
7,000 customers. Plans are in
place to automate the remaining
61,000 residential meters once
the older meters are no longer
functional. Replacing these meters
allows AUD to reduce labor costs
and increase efficiency of meterreading
activities.
Just got off the phone with my friend that is the CFO of a energy company in Colorado. He is familiar with CNES. He said that there is alot companies out there that are doing this and the technology is very simple. He said unless they are doing things very different, than this company is a total crap shoot. He said most of the long term positions have sold their shares. He also told me that most investors with this stock see it as a get rich quick cinderella stock, and he does not think it will ever happen. He advised me to sell, and that is what I am doing. Just some info, good luck to you guys that stay in.
Alot of posts over there about CNES, both positive and negative regarding the future. However, most of late are negative and worry me. It looks like their are others out there doing this and that CNES may be alittle late and also may behind on the latest of this technology. Here is blurb that one person posted over there that.
I did my DD about AMR technology and I see that some Utilities companies are already installing this system of metering.
So I see that CNES isn`t alone and may be is late. But the market is big.
The Augusta Utilities
Department’s (AUD) contractor,
Honeywell, Inc., has completed
the installation of the Automated
Meter Reading (AMR) project for
7,000 customers. Plans are in
place to automate the remaining
61,000 residential meters once
the older meters are no longer
functional. Replacing these meters
allows AUD to reduce labor costs
and increase efficiency of meterreading
activities.
Good info. I thought RJ said no one had this technology though? Interesting.
There is news this morning that the company just got new funding and also hired a new Director of Business Development. If you want to make a quick buck today, buy in early at .0009 or .0010 and sell it later in the day. The stock will go up on the news but most likely will settle down again. My 2 cents.
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