This could be a buy or a sell here depending on what their balance sheet looks like. It could be worth 100 xs the current price, or it could be worth ZERO.
I've had companies that were dark that had (at least from what I could see) promise. One recent one had its form 15 filed, so no worries of delisting. They had assets too. BUT. the CEO did not pay for a transfer agent for over 6 years, nor do the records himself --->
So I was sent a letter from my broker that said:
Pursuant to DTC's Destruction of Non -Transferable Securities Certificate Program, we have removed these securities from your account and are providing this notification as your receipt representing the shares.
Thus went around 275,000 shares (just under 10% of the company) into oblivion. (I think I have the CUSIP)
I suspect that the CEO did this by design, but don't have proof.
Oh, and just so you know I have at last count 84 stocks that went to ZERO, were delisted, show as bonds, or CUSIPS, in various accounts. The paper profits --- not cashed on these before whatever happened that took them to zero --- is in 7 figures. I've paid a little for my education in the DARK, GREY, PINK, pennyland.
So, If I get ZERO financial information then I relegate the stock to pure SPECULATION.... and for me that means I may lose every penny I put into it.
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