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Wednesday, December 13, 2017 4:28:46 PM
Over 100 mil of shares purchased by insiders over the past 3 months with zero selling. Wit the SPAC closing on October 18th, 2017
The time period for a SPAC to acquire a company is around 45 days. They may use the SPAC to engulf ANFC to list it on the NASDAQ or acquire a separate company with significant assets that would increase the value of the SPAC and in turn, ANFC.
I think the first option is more likely as SPACs have been traditionally been used for alternative routes to NASDAQ without doing a secondary offering or acquiring toxic debt to fund the company.
The tree is shaking and I'm just along for the ride here.
I picked up another 10k shares at .0303 thinking no way that would happen.
Insiders bought there shares at .012...this won't get anywhere near that. They won't let this get anywhere near that. I bet .025 is as bad as this can get. source
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