Board Getting Interesting LOL
Lots of vast opinions on things here.
Honestly,..anyone burned in '06-'07 on this ticker really should be amazed that it's actually alive & trading. Sure, many got burned, many sold back then, and some still have these shares by voluntary default. So any move up here is a gain off of the $0 it was in 1Q20.
My guess is a lot of these shares "held" will be a bit phantom, many may be residing in dormant accounts, with owners unaware of what's happened here since April. A poster here claims one deceased dude was a whale holding 30M shs...so who knows.
For those that nailed those .0001s-.0005s, kudos to you, because if you check back on twitter many started signaling it then when the custodianship process started moving. So for those, hey huge run, big gains, and credit to them for their action.
Still, I am guessing that it's quite difficult to snag shares. Volume, has been very small, save for about 2 days when 30M & 50M moved over the last 6 months. So with a 200M float...where is the volume? I am sure some retail buyers are trying to land 500k-1M blocks, but it's not happening. Maybe someone on LV2 can elaborate on that. If these shares are scarce, like I think they are...the upside could be swift if volume comes in.
To those knocking the custodianship process. Look, Star Wax has an obligation that they signed onto by pulling this zombie out of the grave. So far, they have gotten OTC updates in terms of the share structure. And it would appear that perhaps they are indeed acting as custodian & will seek a merger partner & then discharge the custodianship. But it's unclear really.
To the sleuths that linked this to SPRL & spotted that twitter link on the merger site [which has now been removed] all interesting finds. To me, SPRL was seeking a merger candidate, but never got their Share Structure updated. Whereas SLJB managed to do it putting them a bit ahead. Next they'll have to get the Caveat Emptor removed on OTC & perhaps pink current
At this point, just moves on the organizational side will have positive impact. If they can get this pink current, it should be at least .01
And for those yelling P&D..aren't most markets P&D anyway??Even good companies stocks get run through & then they tank. Rinse Repeat Profit. Earn your entries, pick your exits, keep it moving!
GLTA, the hate on SLJB is real from days past. Many lost some good $. The fact that they might profit (crooks who still control some shares) again is troubling for sure. I do wonder if is R/S will occur here as is common on many custodianship plays.
Whatever it is this thing is just starting. So is the risk reward at half a penny worth it???
