China Teletech Holding Inc (CNCT)

[zerohedge]

not really - in the real world - legal work takes time.

they just took over an abandoned shell. then they have to go to OTCMarkets and run it all through their new PIM file. that'll take until the end of this week - at the fastest pace - then they'd file their details and legal opinion and financials. it'd be a couple of weeks and people can use that time to pick away at it with the idea that it's going to be a very real deal.

so figure that they want to keep 10% floating and retain QB status at some point while checking the "non shell" box and trying for SEC filing in the next 3. months. the usual RTO is around $50-100mm USD valuation business so if the CNCT "host" runs up to around $5mm in value before an RTO announcement that's probably the max deal. around $0.02-$0.05 or so, depending on how you look at it.

not delusional, just seems reasonable if that's the intention.