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DEAD Stocks (DEAD) RSS Feed

Followers
6
Posters
39
Posts (Today)
0
Posts (Total)
119
Created
09/27/06
Type
Free
Moderators
Welcome to the DEAD Stocks board. This board is to discuss companies whose shares are still trading on the pink sheets or other stock boards but no-one knows what's going on with the company. What I will do is help out with a little due diligence do some background checks and try to contact the officers to see what's going on. Usually, the companies have: (1) Went into remission hoping someone will come buy their shell; (2) Filed bankruptcy and never told us or we forgot; or (3) Dissolved or otherwise abandoned the company. It is important to know because some of these companies have the potential to explode into something. EXAMPLE 1: I held X-Dogs stock, it filed bankruptcy, after liquidation, it emerged a clean shell. Three years later, I see my statement and it became AOGS, yet there was no news. I started buying just for fun at an average entry of .02. Thereafter, the company announced that it was getting into oil. Unfortunately, I sold at .035 (still making a profit) when I read that one of the deals fell through. But the stock went over .15 and is presently hovering at .06 to .07. This was once a DEAD stock and if we knew we could have capitalized. EXAMPLE 2: ENET Equalnet Communication. I couldn't find any information about this stock, so I picked up some shares. But when I put my order in, the market makers immediately raised up the price. Before I went higher, I did a court search and learned that the company is in Chapter 11. The case is being held up by an adversary proceeding. Most likely, current shareholders will lose most of their shares on reorganization. But it's good to have a couple shares ($10-20 worth) in the account so you can see the progress of the stock as it goes to a CUSIP number to a new symbol after bankruptcy if it emerges. But right now, this is a DEAD stock. EXAMPLE 3: I cannot remember the ticker and will dig it up, but I saw a company that had a low float and a low share price. I estimated that I could buy a large portion of the shell for about $15,000. I put in a couple orders, and, as usually, the market makers raised the price before my order at the ask executed. I began due diligence by pulling the company's corporate records. I found out that the company was dissolved and that all the shares are absolutely worthless as they cannot become a new shell. This truly was a DEAD stock. So there are mysteries with DEAD stocks, and this board is to investigate and solve the mysteries. STOCKS WE ARE INVESTIGATING: ADPC: Allied Products Result: Just emerged from its 2000 bankruptcy, most likely nothing for shareholders, but watch your statement. http://www.investorshub.com/boards/read_msg.asp?message_id=13688745 AMSN: Amerossi International Group, Inc. STATUS: Investigation Started. NOTE: This stock has been the subject of tons of spams and pinksheets.com will not quote it. Alot of people are confusing the stock with AMER Amerossi Energy, another Wyoming company. AMER maintains a website. Major Damage contacted AMER and they advised that their stock is not currently trading, but will be. They advised MD that they are not AMSN. Keep this in mind. Investigation to continue. CMCA: ComCam, Inc. RESULT: Not dead, company is active. http://www.investorshub.com/boards/read_msg.asp?message_id=13688428 PYCT Paychest RESULT: Pfft. http://www.investorshub.com/boards/read_msg.asp?message_id=13794447 PYST: Paystar Corp., a Nevada corporation RESULT: Not dead, but suspicious. NOTE: PFUO is also run by persons affiliated with PYST. WARNING: The Nevada SOS shows 200,000,000 authorized shares, but Pink Sheets says over 1,200,000,000 are outstanding. ALSO NOTE: This is a grey sheets stock. http://www.investorshub.com/boards/read_msg.asp?message_id=13704319 SLJB Sulja Bros. Building Supplies Ltd. STATUS: Investigation started TFCYQ 21st Century Technologies STATUS: Investigation Started TTRIF Thermo Tech Technologies Corp. STATUS: Investigation to continue. Appears abandoned after a major pump and dump. http://www.investorshub.com/boards/read_msg.asp?message_id=13703337 WAXS: World Access Inc. STATUS: Investigation to Continue. Pink Sheets notes that they filed for bankruptcy. Major Damage will check the status of the bankruptcy. MEMI: Miracle Entertainment, Inc. STATUS: Investigation began. NOTE: Pink Sheets notes that the transfer agent "terminated transfers" and that the SEC entered a 15 day suspension in 2004. Major Damage will investigate the status of these events. FMGL: Four Mines Gold, Inc. STATUS: Investigation began.
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