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Re: janice shell post# 8404

Monday, 07/11/2016 5:35:10 PM

Monday, July 11, 2016 5:35:10 PM

Post# of 31965
Thanks for the detailed answer. You have covered a lot in which I totally agree with and knew. Knowing you don't invest in these tickers there is something I have uncovered that works for me as I do profit from these moves.

Of all the shells this one interests me the most, because of the very thing you said, biggish positions. It can only be so big on ILUS. The AS is 550mm the OS is 367MM (360MM restricted) and the holding positions are 7MM, which probably half is with Cede. So if there is debt that is issued at 0001 that adds 38MM making the new float 45MM. Which in OTC standards is crazy low. Add the fact of a real company taking it over and so far they have traded clean, I like my odds.

Nice to have a conversation with someone who understands the way things work, regardless if we approach things differently.
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