Saturday, February 06, 2021 2:42:45 PM
It is a mistake to dismiss this type of companies on the basis of their past history. A new investor may come along with some plan, an idea or hoping to revive an old, discarded enterprise with a new purpose.
I am not saying this is happening here. Careful.
On July last year tsnp starting filing again, going current. There was a plan although it was not made public immediately. In fact, it took many, many months to come forth while the stock traded rock bottom. Lucky those who purchased at 0.0001. Likely now rich. The actions taken by tsnp were numerous, from jump-starting filings, retiring hundreds of millions of shares (551 million shares), buying back stock (100 million shares), implementing a business plan, etc. While future plans look even more ambitious like getting into nasdaq with full sec filings by end of year, provided they succeed with their business venture.
While the ceo here doesn't look too promising bdgr can still get the benefit of the doubt. Who knows, maybe a solid manager with a vision and a practical business venture shows up. It is now wait and see, if you own shares.
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