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Purchased some more shares last week in the .102-.105 range. That brings my average up to a little under 7.2 cents per share. Wasn't planning to buy any more shares after my last post, but it is kind of hard to ignore the potential upside here. That should be the end of my accumulation.
Built a position as rapidly as I could at what I consider attractive valuations, in case the supply of shares dries up and/or some significant corporate development occurs. Overall risk/reward seems excellent to me: STJO is pretty much off the radar screen of most shell investors, STJO looks very attractive when you do in-depth valuation analysis/comparison with many recent popular shells/RMs, STJO management generally seems to have been shareholder friendly in the past (kept dilution to a minimum).
All things considered, I look at the STJO shell as a potential swing-for-fence kind of play. Just depends on the nature/quality of the RM and how it gets structured.
Finished accumulating a large position in the STJO shell (cost basis under 6.72 cents per share). I was able to establish a pretty nice position at 5 cents last week when the stock moved up to the limited tier and continued to increase my position all the way up to 14.8 cents today.
Before TDA opened up this stock for trading on September 22, I thought it would be a struggle to get any meaningful position under 10 cents or so. Given the kinds of valuations of other shells in the market, I thought shell investors would be all over STJO right out of the gate.
For whatever reason this shell doesn't seem to have attracted much attention yet. I did not find anything that alarmed me in the filings. Although there is not heavy insider ownership here, the outstanding share count at roughly 13.46M is reasonably attractive. STJO's valuation at my cost basis is a little over $900K, and around $2M at the 15-cent level. Risk/reward at these kinds of valuations looks extremely attractive to me.
Anz Communications LLC is located in Springfield, IL, United States and is part of the Telecommunications Services Industry. Anz Communications LLC has 140 total employees across all of its locations and generates $21.41 million in sales (USD). (Sales figure is modelled). There are 48 companies in the Anz Communications LLC corporate family.
DESCRIPTION Headquartered in McKinney, Texas, St. Joseph, Inc. is a publicly traded company focused on effecting a reverse takeover with Zone USA, Inc., a holding company, which owns a 50%, jointly-controlled interest in ANZ Communications, LLC.
We also hope to acquire other operating companies as subsidiaries and are pursuing suitable candidates for future acquisition that could potentially create value for our existing shareholders. Acquisition targets may be in sectors other than our current sector of providing employment agency services. Although it is not our goal, we would also consider a reverse merger opportunity, if it were seen to be a value creation opportunity for our existing shareholders.
To date, we have not consummated any acquisition and cannot provide any assurance that we will be successful in this endeavor. Any acquisition may be structured as a share exchange and may result in significant dilution to our existing shareholders.