Copy and paste from The Rainmaker
Share Friday, December 17, 2010 1:33:41 PM
Learning post about shells
.......Simple plain english terms: A public shell is like an empty shoe box. It's just a box that houses a company or group of companies. In that box goes all the stuff the company does, makes, sells, owns rights too etc. Also, all the bills and debts the company owes go in the box as well. A NASDAQ shoe box is better than a pink sheet shoe box. An otcbb is better than a pink shoe box.
What do you think that shoe box is worth? $7 million, $70 million?
Now Stan can always throw more good stuff into the shoebox later and then it might be worth more money.
Now in a nut shell that's what investing in these shell deals is all about.
A)What do you think that shoebox is really worth? Sometimes you don't even know what's inside the shoebox. Lot of people on ihub love to guess. Some even pretend their guesses are the truth.
B)More important than what is the shoebox really worth is the answer to this question. If you take nothing else away from what I'm saying....hold on to this thought.....It is more important what others will think the shoebox is worth and what will they pay to own a piece of it than what it really is worth. Markets trade on perception of reality, not reality.
Get rich slow get poor fast.
“When a man with money meets a man with experience, the man with the experience ends up with the money, and the man with the money ends up with the experience.”
You have to take their money before they take yours. :-))))
