Thoughts on Currency Works (CWRK.V)?

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Asked on December 27, 2020 10:27 am
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This is a company that's quadrupled in December due to the crypto hype going on right now. And even with it quadrupling in price, it's still a nano cap stock with a market cap of $8 million.

No revenue, highly speculative company. It looks like it's been selected by a few companies to build some blockchain networks, but nothing substantial.

Looks like the company was subject to a pump up via marketing e-mails from Penny Picks. Obviously with a stock price of $0.24 and average volume of around 250k shares a day, you don't need much capital to move this stock in either direction in a big way.

This isn't something we'd ever suggest members dabble in. This isn't investing, it's akin to gambling. But as always, if you're going to, do so with money you wouldn't be upset losing.

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Posted by Dan Kent
Answered on December 27, 2020 3:53 pm