I bought a 1.1M position at .0047 on Monday. Extremely high-risk investment because of the filing delinquency.
I've had this shell (or quasi-shell) on my watchlist for quite awhile and decided to take a large position on the recent volume increase. Never know when the supply of shares will suddenly shut off and the stock becomes increasingly difficult to accumulate at the sub-.005 level, so I figured I better get my position now.
The share structure, valuation and relatively low-debt level at the time of its last filings all look attractive to me. The upside here could be pretty substantial on any RM activity or filing updates. Definitely high-risk, but probably worth taking the chance at these price levels.
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