Tuesday, February 09, 2021 5:31:18 PM
Other possibility is some sort of institutional buyer gobbling up shares prior to a shell purchase/merger.
Moody is known to do this and possibly could be his group. (They’ve done A W G I, and a few others that went well above penny land).
https://investorshub.advfn.com/Moody-DeNunzio-Custodian-Shells-38686/
Basically, they go to court to get the rights to the shell, clean it up, post the filings, and then find a company to merge it with. It’s time consuming but the money is well worth it if all goes well.
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