David Lazar's OTC SPAC's/CUSTODIAN Plays

[Potse]

alstocks...PHBR......

And Take a look at SS of phbr

From an overall risk/reward standpoint, PHBR is probably my favorite Lazar shell at the moment. I added 20+K this week at .045, and I have accumulated a position in the .02-.045 range. Currently averaged in under .031/shr.

Legacy share valuation is something I have found quite useful in analyzing shells, and identifying undervalued opportunities in the shell market. It is a way to compare apples to apples, and oranges to oranges.

In the case of PHBR, the legacy shares are the roughly 11.1M shares that existed before Lazar awarded himself the 18M control shares. So at the current share price of .055, PHBR's legacy shares have a valuation of about $610K. As a very general rule of thumb, it seems like many of Lazar's shells reach legacy share valuations in the range of $1.5 to $5 million, and sometimes significantly higher.

So at the current price PHBR looks like it offers some pretty nice upside potential. I'm hoping to get a minimum of a 5-bagger on the shares that I currently own.