But it's not a hot iron, Aston. It's a cold iron. I would never put money up if there was excitement. It's dead, which is the only way I like it. I don't like it this dead, but I do like it dead for the buying side. It's only a few thousand, and it's only $11,000 for the whole company, hypothetically. Of course the ask won't get filled precisely because it's not a hot iron. But any volume would make this stock soar. This stock doesn't even have a company profile yet on the stock exchange, which baffles me. They haven't finished whatever their plan is.
Right now, I only had 10 shares or so filled in that second order. Still another 299,990 to go.
I did find out that a few years ago, the company had revenue of about $330,000. That was from a public source somewhere. They also filed a Form D last year about this time before going public, looking for investors to put up $10,000 minimum, wanting to raise $1,000,000. At the time of the filing, they had not raised any of that money. What that all means in this scheme of going public, I don't know, but it was filed with the SEC.
The lawyer, a Michael something, that has done all the filings to bring this company public has a very long and storied history of taking penny stocks public. While they might not have done anything long term, they did have spikes and volume. I think they have a plan. I'm sticking around.
It's obvious they didn't do a PIPE dead while going public, which I believe is the most common thing to do. That makes me think they have a plan to do a secondary offering with new shares, which I think takes a minimum of two months. I'm not sure about that though. And from their filings, they don't expect to go more than a year without getting funded as I understand it.
AI
