Saturday, April 27, 2019 7:09:41 AM
I've always thought that if you had a legit business and knew you had potential and we're not a mega company like Uber or Pinterest that OTC merger unlike an IPO gave you the opportunity to make friends and family a boatload of money and helps management by taking a large chunk of shares away from the riff Raff and giving them the incentive and pleasure of helping people they know.
Doesn't happen often as most mergers are jokes to begin with. But this one is very interesting, the shell was literally a blank slate with no baggage at all, no assets, no debt, no liabilities, no nothing. Add to that a share structure that of shares cancelled is around 300M which is perfect size to allow for people to buy a decent chunk while sustaining a fair price.
Add to that management seems to have some big connections in the Oil space and they have all the ingredients for something special.
The very interesting thing will be how locked the float gets the higher the price goes and what happens once real news is released and we start to get much broader attention from the OTC players creating higher volume. Has the setup and potential of a very huge squeeze where rational prices go out the window
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