Wednesday, January 08, 2020 7:37:03 AM
Yes you're right, though he was technically never even "in". The old owners fought him when Lazar applied for custodianship and they won in court. One of Lazar's very few losses. As you may know, the judge is supposed to make his/her decision based solely on "what's best for current shareholders". The stock got pounded on the news Lazar lost, and I almost sold. I figured the old owners must have a plan good enough to sway the judge (couldn't be "what we're doing with this dead shell for the last bunch of years is good enough", as that wasn't true), so instead of selling I doubled down. Then the owners hired a big time law firm that specializes in selling shells. I was confident this was going to work out really well. Still too early to tell in my opinion, but the new company that merged in may yet have real value.
On a separate note, I'd just like to point out that the very bearish sentiment on the board the last few days is only coming from 2 or 3 posters. They're posting so often it feels like half the people here are convinced this stock is garbage and "going back to trips". It's maybe half the posts, but nowhere near half the people. And those slamming the stock may just be looking for a cheaper entry point. This company could well be worth many multiples of the current market cap. Only time will tell, but we get a good 8K and this thing is off and running in my opinion. I'm certainly not selling, and will add if it drops again today. That's a definite
Recent VAYK News
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