Mystery solved. Shelby Trust to sell Real Cobras

[twobjshelbys]

Originally Posted by RodKnock

This news just in...

Late yesterday, around 2:00PM, 12,000 CSBI shares were traded, which ain't much, but when the average 10-day volume is roughly 3,000, quadruple the volume is notable.

Stock is up about $0.02 today.

Bid = $0.18
Ask = $0.20

Since May 1 the trades have been:

5-May 4200 @ .16
8-May 15300 @ .18
11-May 1000 @ .18
14-May 1000 @ .19
19-May 12000 @.18
20-May 1000 @.20

The likelihood that these are family held shares is almost nil.

I'd be happy for it to go back to $1.00. But like I said, the paper is prettier.

[RodKnock]

Originally Posted by twobjshelbys

Since May 1 the trades have been:

5-May 4200 @ .16
8-May 15300 @ .18
11-May 1000 @ .18
14-May 1000 @ .19
19-May 12000 @.18
20-May 1000 @.20

The likelihood that these are family held shares is almost nil.

I'd be happy for it to go back to $1.00. But like I said, the paper is prettier.

As I stated earlier, the stock has increased 33% in the past couple of weeks. I don't know who is selling and buying, but my point is, investors must be seeing positive signs in terms of current and future earnings. I've got a sneaking suspicion that CSBI will see some portion of the income from the "Resurrection" Cobra operation.

And yes, I know the non-profit CS Trust will be selling them. but that doesn't mean anything to me.