Monday, June 16, 2014 4:51:56 PM
Most of those people sell once concrete news hits sending stock on 50-100% gains sometimes 1000%. This does not mean it is a scam and it does not mean the merger will be completed. It just means that someone bought the shell to attempt a RM, there are many reasons why they fail and many reasons why they don't make money for investors ie. Dilution, Reverse Split, but there are many others that have made tons of money.
You just have to buy your ticket in the hopes the RM is completed, because if it is, this will go to at least .01, my guess is more like .05 if the revenue projects are accuate.
This one currently has an A/S of 950m, not too bad and not nearly enough to worry about a split.
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