Zhong Nong Yuan Fang Holdings Inc (ANAS)

[EdF]

You're way over thinking this play. First, the past business no longer applies here. As a matter of fact, quite a few shells were BS OTC stinkies in their past. Second, the shell is now controlled by Laser with zero affiliation to past management. Third, in the shell world, this is attractive due to the current share structure. Add that all up, it comes down to what type of business might roll into this shell. It's a crap shoot but all shell plays are. You grab some shares in different shells and see if any hit and that can take months or years or never. That's it, plain and simple. So again, don't overthink a shell play. Personally I look to see if it is currently clean, which makes it an attractive shell hold, and does it have a good current share structure? If the answer to both is yes, into the pile it goes. Beyond that, I don't give it much thought but just check on it from time to time. Good luck to you wherever your investment dollars land.