hi swamp, I 'almost' bought a very large position here recently BUT as I dug more I 'think' I talked myself out of it.
I was thinking, wow! buy a $1 for $.60 and maybe get a cash divvy for all that free money at some point. OR maybe get an Israeli reverse merger.
Now, I'm not a professional so please do your own DD BUT what I think I uncovered was that in the event of a divvy we'd owe 25% to the Israeli tax collector. So buying $.75 for $.60 with no liquidity is just not the same as buying $1 for $.60 to me.
If this was a US shell I'd own 4.99% by now LOL.. just too many uncertainties for me here.
I'll keep it on very close watch for a deal but probably as far as i'll go with it for now.
g/l!
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All posts are strictly my opinion and are not buy or sell recommendations.