Grey (or Expert) to Pink

[creede]

Great post.

I have done a little research. Looks like Lazar spends about $30,000 to acquire a shell and get it ready to sell.

I also believe he buys about $10,000 worth in the open market before he makes the first filing — this is my opinion based upon the volume preceding the initial filing.

By my calculations, he makes about $250,000 per flip. Not to shabby.

I believe the key is making sure the shells are abandoned. Court battles drive up costs and can result in a total loss. The more abandoned the better.

I would also think he would prefer shells where there has been no legal action by the SEC against the company or previous owners.

Previous issues would make the shell harder to sell. What company wants that a part of their history when DD is done?

Also, how do you get a Form 211 approved by FINRA if known scammers are still holding large blocks of shares? Big problem.

I have been steady accumulating some of my personal favorites (like LMGR, VNTN, and ENMI). My hope is that a custodian (((CALLING DAVID LAZAR!))) picks them up before they go Grey again.

This is a risky strategy and I don’t buy more than I can afford to lose completely.

Sure would be exciting to see one of my favorites get picked up.