Kingfish Holding Corp (KSSH)

[cdhames]

That's because it's a shell, Reverse Merger play. Exactly as stated in the Q. Either you're here for the potential RM play, or you're here for the potential absence of it. Anything else is foolhardy. Early arrivers take more risk, possibly for a larger payoff.

Income/balance sheet analysis is irrelevant.

James Toomey was former Chairmen to Coast Financial (Nasdaq: CFHI) before the housing crisis and recession wiped his company out.

He's very tightly managing this shells share structure. He even took a $230K loss on conversion in December in order to maintain share integrity.

The selling points of this RM play are very attractive.

The latest Q says they've found an attractive, potential merger candidate and are now looking for a financier to facilitate an LOI. I'd speculate with Toomey's connections, that should not be a problem.

Toomey seems willing to spend his own capital to get this done; and that's attractive. Normally you see penny CEOs dumping on shareholders in order to cover the cost of administrative fees just to file a public notice.

I think to anyone that looks, you will tell that Toomey has been behaving in a very fiscally disciplined manner. My expectation is that while he has the reigns of this process, that we'll continue in a disciplined fashion.