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Sunday, September 13, 2020 6:53:39 PM
I guess some may be more willing to let this play out a bit before calling it a scam. I've known many LLCs that do good business & operate out of very subtle, non descriptive digs (often residential addresses)Some are one man ops too.
If they're going to play the role of custodian, then their job here is to clean up the share structure, get it current & align a possible merger. If they are the final entity absorbing the ticker, then we'll have to see if that's the case. Really, nothing is known at this time about what direction they intend.
I'm more than willing to give this an opportunity to develop. If by any small percentage this allows any of those shareholders that lost much back in '06 to reclaim something versus nothing, then I can't see how one can be against that potential progress.
SLJB, I think back then moved from .01 to .20 or so. If any claw back can occur on a share price rise, I am all for it. Pump Away if that's what you wish to call it. Many markets/stocks operate under the same pretenses. Isn't the end goal here to make $, or for those that lost it to make back some $.
"Obvious P&Ds" tend to shoot quick & fall quick...so in reality, this isn't as obvious. It's been trending up for 6 months...We'll for sure see if you're right if a large red candle day pops up & sends it back to oblivion of 0.0001 or so. Right now, there's no volume really, and the average dollar volume is quite low. We shall see if more comes in. I Hope for the best with all those on board. I know you've said previously you see it moving up to 3x current, so I know you see the potential, even perhaps as we can't yet validate it. We'll see!
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Just because it's a Custodianship play doesn't mean it can't be a SCAM... what are you talking about???
In fact that's why the SEC started clamping down on these Pinksheet Custodianships, because the majority of them turned out to be scams.
I've done some basic DD on Star Wax America and it's already clear that this company is a joke.
Their bio literally states that they own 1 Truck and employ 1 Driver, and their office locations are residential homes located in Texas suburbs.
I'm not claiming that $$ can't be made here but rather that this play is exactly what it appears to be....an obvious P&D play.
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