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Re: joeyscorpion post# 12170

Tuesday, 02/27/2018 3:23:46 PM

Tuesday, February 27, 2018 3:23:46 PM

Post# of 13668
Given the SS here, as well as how many subsidiaries Linghang seems to have, that is certainly not out of the question. Odds? Can't say, but if I had a big time overseas company that I wanted to expand upon internationally and bring recognition and credibility to via the stock market, I'd purchase a cheap, clean, and current US OTC shell; and if I could acquire the type of technology that furthered my business in one big wrap around deal that also included the shell, I would do just that. All that said, if they have the numbers already, and then they now have the shell, then it is just a matter of accounting and simple book valuation(plus or minus an industry multiplier). Playing that hand from a point of optimism here, if they are NASDAQ ready with a $5 book valuation, then hit the big boards, then announce not only their company, but also the acquisition of Harvey's tech, then theoretically, it stands to rise in price as big board traders and larger hedge funds(US, Chinese, and otherwise) step in to compete for shares, which are quite limited given the size of the float.


PS Does anyone have any info on the Linghang Golden Dragon Ship Corporation (subsidiary)? I did a quick search but must admit to coming up empty handed.