Cannonau Corp (PK) (CNNC) News

Guessing that's a "no." Still awaiting an update.

Takes time but sure would like to hear something. Anyone been able to get in touch with him?

Two more months later. What's going on?

~two months later, and still no merger updates.

That's pretty old news. Regardless, I'm still waiting to discover the purpose of the recent merger myself.

Channel Holding launches Livecom
Rotterdam August 31, 2022 – today Channel Holding B.V. announces that is has launched Livecom B.V. (formally known as Pareteum B.V.), which is one of the acquired entities of the Nasdaq listed Pareteum Corporation, Inc in July 2022.
Moving forward Pareteum B.V. will operate under the name Livecom B.V.

https://www.livecom.com/channel-holding-launches-livecom-4/.


So what they buy out cnnc and have repurposed the brand to what just leave empty shell , am i missing a link here lol

Haha! However, when you say "2's", do you mean $2.00 or $0.02?

I got some 2's looking to average down if more weak hands give away a dollar stock soon ;)

Maaaybe, but retracements are to be expected.

Looks like this is a dud fellas head for the hills it's a wrap here

It’s debatable what would come in here:

https://www.channelholding.com/copy-of-pressroom

It is bio company coming in to CNNC, and no one in it yet. No bag holders yet.

Seems like the DD is there…

Huge multi dollar!

CNNC with that change of control. Getting interesting.

$CNNC Markwin H. Maring has taken control of CNNC.. Maring and company have purchased IT telcom assets from bankcrupt Pareteum... most notably iPass Inc. and has formed new entity Syntegra.

https://www.sec.gov/Archives/edgar/data/1084384/000119312522208829/d362279dex991.htm

Grabbed some .03’s

It will be a price war.

Agreed, LOL.

Wait till Monday

Per today's 8-K., a change of control occurred. What happens next?

Been in this one for quite a while.

Still pink current, although no news lately.

Been stuck at these levels for a while.

"Ask" increased a bit today.

Uhm, is this mic on (was years ago)?

I guess not. It hit $0.015 yesterday. Ugh.

Could $0.02 possibly be the bottom?

Still pink current, for whatever that's worth.

Could this be the bottom?

With elections occurring, legislation could pass soon.

When is this sleeping giant going to awaken?

Still waiting on this bad boy. Patience, grasshoppers.

Any day now... consolidation could end soon.

Lower volume than usual, lately. Could get interesting.

$CNNC Bottom channel. 1st breakout attempt. Price over 100SMA. Increasing OBV. Increasing Momentum. RSI 62

Just waiting for legislators to do their thing.

Still consolidating, it seems.

Legislators decriminalized marijuana. Bullish reversal imminent. $CNNC

Smell my finger. It smells like CNNC, y'all.

Closed above $0.06 yesterday. Low volume. Reversal imminent.

CNNC is legit. Pink current. Website: http://shop.cannonau.biz

[*WARNING*] Anyone who claims a company is a "scam" is most likely a short seller. Short sellers (by definition) sell borrowed stock with the obligation to purchase (or cover) the position later, preferably at a lower cost; the difference becomes their profit, less any associated fees. Therefore, after they short sell a stock, they typically embark on an illegal short and distort campaign. They spread misinformation and rumors in forums, tarnishing the credibility of reputable companies, in order to drive the PPS (price per share) down as low as possible for a cheaper cover. This is especially true in a bear market when sellers control most of the price action. Short sellers are masterful manipulators and skilled in deception, so research and become informed!

Remember that any given stock's PPS does not always reflect the company's legitimacy and value. Conversely, a company's legitimacy and value are not always reflected by the stock's PPS. Consider both factors independently, but realize that they can still be correlative. In other words, a company that is doing well CAN be reflected by the stock's PPS but this doesn't necessarily HAVE to be the case. This is why due diligence is vital!

Regarding CNNC's current price action and PPS, the charts indicate that it has been consolidating for quite some time alongside many other companies within this particular sector. This is arguably due to on-going deliberations involving the U.S. government regarding the legality of cannabis production and distribution. Regarding CNNC as a company, it is pink current and fully compliant with the SEC. CNNC has a working website and sells various products. Based on history, this stock has a habit of laying dormant for lengthy periods of time prior to exploding with high volume well into the multi-dollar range, usually with a stair-step pattern. You don't want to get caught on the wrong side of this sleeping giant!

Note: All of the information contained within this post has been provided for informational purposes only and does not constitute financial advice. Regarding this or any other stock, you solely are responsible for the due diligence necessary to make wise financial decisions. Good luck!

Bottom looks to be at around $0.05-$0.06, based on the last year or so.

I haven't heard from anyone just yet, but I'm still waiting on this one. My high average necessitates me doing so.

Anyone have any recent information on this company?

Yes, definitely so in the past. It's been consolidating ever since.

Bought some - there has been some crazy action in this one - can it happen again?

CNNC bagholder here since $2.34/share back in May. I'm curious which average others are stuck at. Also, is this company even still active?

Looks like your W is in

Right, it’ll form a nice “W” to buy into..

Nickle.