CAG - Cape Range

[tech/a]

iFree have done very well!

 

[statmech71]

I am a bit naive about this .... but what could actually be happening? Is it a pump and dump scenario?

 

[barney]

I am a bit naive about this .... but what could actually be happening? Is it a pump and dump scenario?

Hi @statmech71 …. It has certainly been pumped … Without justification for the pump (no justification/news), it will have to retrace/dump to a degree you'd expect …..

Given the Company's "no real reason for the rise" explanation, if it rises further with no "real reason" other than an advertising campaign, then heads should roll at some point …..

Lots of Red Flags for me …. Without Insider knowledge, its purely a punt at this stage

 

[greggles]

Cape Range has re-listed today after a month long suspension and is currently down 27.85% to $1.58, a decline of 61c so far today.

The company didn't have much to say apart from confirming that the ASX's and ASIC's enquiries related exclusively to the trading activity in the Company's securities and that CAG is in compliance with the ASX
Listing Rules and, in particular, ASX Listing Rule 3.1.

The reason given for the huge share price increase during the second half of July was the imminent launch of their Biztrak Online SaaS proprietary accounting software. So nothing new there. In the absence of any exciting news, I see CAG most likely retracing further as profit takers exit their positions.

 

[barney]

. In the absence of any exciting news, I see CAG most likely retracing further as profit takers exit their positions.

Agree Greg.

 

[barney]

Just for interests sake … yesterdays chart.

 

[MARNIC]

Cape Range Wireless has been going through so many tests 422 to be exact and is now handed over their Langkawi installation to Telecom Malaysia. I believe we are close to some very positve contracts being announced that will change this company from a speculative stock to one that has credability and an accepted product in the Telco industry.

I would be pleased to hear from others in their opinion of this company and its future.

Tiggy7

Hi Tiggy
I purchased these shares in Jan 2007 but have lost my documentation. Would you happen to know the share price back then?