Shell Stocks; Reverse Mergers; Acquisitions; Zombies; Greys; & All "Other" Plays

[Potse]

ZNNC(.0051)...accumulated a position.....

Let me preface this post by stating that ZNNC is probably a mess of a company (in a number/variety of ways), so the risk level is pretty high. Transparency and providing investors with a clear/coherent picture of the company has never been one of ZNNC's strong points. Japanese OTC companies have pretty much always been a nightmare to research/understand (speaking for myself), so I don't spend a great deal of time trying to analyze them, and ZNNC is certainly no exception.

Having said that, I have accumulated a position in ZNNC over the last 6+ months or so at a .0034 average. It seems to trade at times as if the share structure is unusually tight, so I am thinking this stock might have a decent chance of seeing a pop/spike somewhere into the 1-5 cent area at some point.

I first became aware in late 2019 that ZNNC was expanding its digital currency/payment business to a much broader market (instead of just focusing on casinos/gambling) by monitoring website registrations and changes to websites related to ZNNC. Based on the websites, ZNNC could be considered a play on digital currency/payment, food delivery, and perhaps esports (at some point).

The new corporate website for ZNNC was registered on June 15 and went active shortly after......

https://www.zann-hd.com/

For what it is worth, this is how one of the ZNNC-associated websites describes the digital payment business......

Digital wallet Planning, research and development of an international digital wallet that integrates remittance to countries around the world, legal currency ? fiat currency (no restrictions), crypto assets ? crypto assets (no restrictions), fiat currency ? crypto assets (no restrictions) Will enable Group Wallets to operate 24 hours a day, 365 days a year (English, Chinese, Japanese) with a total transaction volume of approximately 10 billion USD via local banks in more than 20 countries and legal banks in more than 20 countries around the world. We are expanding globally in response.

https://www.philia-wealth.com/