JGLD is not Spicy Pickle
This is not, and has not been for years, Spicy Pickle, Ich. Spicky Pickle defaulted on its loan obligations years ago and went private, leaving those shareholders nothing but bad dreams. All that was left was this EMPTY SHELL. And empty shell of a stock is just that -- an empty shell. It means there is nothing at all but a trading symbol. No company, no nothing. It could still trade, theoretically.
The company is STILL an empty shell. The empty shell was bought by another empty shell of a company. But that company is technically still nothing. It is just an incorporated legal name that shares an address with a real company called Jubilee Venture. They have done absolutely nothing in regard to changing the company profile when its viewed trough brokers or places like Yahoo Finance. That is where I suspect you think this is Spicy Pickle. It's just a sign on a house whose residents long left the building. It's just the name of a former stock that the new owners haven't changed. Legally, I don't believe they need to at this point. Whatever plans they had/have, making those plans public is not something they want to do at this time. The only glimpse of their plans come from filings with the SEC which they have no choice but to disclose by law.
One can only speculate, or at least I speculate, that based on those filings, Jubilee Venture intends to merge into this stock at some time in the future. But even though I think they want to do this, that is no guarantee that they will be able to meet their goals to do so. I would speculate this micro company (tiny, tiny mining company) will one day merge into Jubilee4 Gold (this stock -- empty shell). But right now, I am buying nothing. They would do this as a cheaper way (and with less regulation) to go from private to public, and to raise capital. But right now you own nothing. But it can trade. Somebody, and not just me, is trying to fill a large order. Or so it appears.
What I know is fact is that I bought 10,000 shares just recently at 5 cents a share. So I own up to 37,000+ shares now. I have a limit order that has been standing for almost 60 days now at .012, and only 500 or so shares have been bought. It's near impossible to buy at that price.
This stock, JGLD, does have $40,000 in revenue from a somewhat reliable yet unaudited source. Where that comes from, I have no idea. But it's basically a big zero you are buying. All you can hope for, like me, is that buyers will come if it turns into a real company with or without some stock promotion. And if that dosnt' happen, somebody else could come along in the future and buy this empty shell so that they too could try to go public.
There are filings which make me believe they will go public. And I would encourage you to hire that lawyer of yours to give his opinion on all the filings I shared here over the course of the year. But Spicy Pickle has absolutely nothing to do with this company, and you would be wasting your money on a lawyer if that is all you want to know. For me, I have nothing to really lose. I have all the time in the world. I will throw $500 at it here and there. I'll try to buy 10,000 shares at 3 cents next month, for $300. See what happens. No biggie. You have only 2 million shares outstanding here. But if/when the day comes somebody wants to raise capital here, their interests will be aligned with yours because they will dillute those shares, yet in the process, yours will rise. Temporarily, for sure. But stay up? I wouldn't stick around for that.
