You mean back at 0.0001? Yes, it should be. The float is probably enormous, and it's conceivable that not all the toxic debt mentioned in the proxy statement was converted and dumped. The company became a delinquent SEC filer only a few months later, and that would have blocked resales of converted stock.
So in STSC, we have a company with an a/s of 5 billion shares, and a high o/s. As a delinquent filer, the SEC could suspend and move to revoke registration at any time. In addition, it fits the SEC's definition of a shell corporation, and so will have to jump through hoops if it ever wants to obtain financing again.
UGH.
However, I see no reason to doubt that Steven Brickner bought the shell, and intends to do some kind of reverse merger. He just picked a bad shell to buy.
