Calissio Resources Group Inc. (OTCMKTS:CRGP) Falls On Its Face Again

Calissio Resources Group Inc. (OTCMKTS:CRGP) started yesterday’s session on a positive note, but quickly lost its edge, and then turned downright ugly at the end of the trading day.

Once more, enthusiasts flocked towards the ticker, empowered by CRGP‘s recent announcements, but this time nothing went their way. A wave of selling swept the ticker below its opening position mere minutes after the session’s opening, followed by a relative calm. Everything would have been fine if that had been the end of it, but the same thing happened once more at 15:24, and this time the ticker did not even have time to recover.

The result is that CRGP ended up losing a third of its market value over the span of half an hour of trading. How could such a thing happen?

Even just studying the company’s charts, a perceptive investor would have been hard pressed to admit that something is very wrong in CRGP‘s recent movements. The ticker’s jumps are decisive, but almost every time the company revs its engines, sooner or later it gets slapped with a wave of selling that crushes its momentum.

It is easy to discern the cause behind the investors’ excitement about CRGP stock. After all, the company is far from idle and looks more financially stable than most of its competitors on the OTC Markets. Additionally, it keeps pumping out announcements that claim that it is trying to fix its share structure situation.

However, things being as they are, there is no real way to know how bad said situation actually is. All we know is that as of June 30 CRGP reported having 130 million shares outstanding, between then and now it claims to have retired 158 million shares, and yet somehow it still manages to trade as many as 400 MILLION shares per day!

This hints at an appalling level of investor value-crushing dilution. Of course, there’s no real way to know whether or not said dilution is really happening and what its extent is, since the company does not seem inclined to shed light on the matter. However, this hypothesis certainly appears plausible, especially in light of the facts given above and CRGP‘s most recent movements.

Investors should really consider that distinct possibility and act accordingly.