Thursday, March 04, 2021 2:31:46 PM
I don't think there is anything about the stock action of PHBR in the last couple of days to really have any meaningful opinion on. Particularly when both the broad markets and the OTC market have been struggling for awhile now.
Nothing has really changed about how I look at this shell (other than acknowledging that overall market conditions have deteriorated). Strictly my opinion, but the risk/reward in this 5-10 cent area looks about as attractive as any shell I currently follow. I picked up another 20K shares last week around the .074 area, and I will probably continue accumulating shares.
The legacy share structure/valuation on PHBR continues to look extremely interesting when compared to what other David Lazar shells have achieved. When using that metric to evaluate/compare Lazar shells, I can make a strong argument that PHBR probably should be trading at a minimum in the 20-30 cent area.
The only thing that will change my opinion of the PHBR shell is whatever future corporate actions take place. Once I see what Ross Dimaggio has planned for this shell and the actions he will take to implement that plan, I can then start to positively/negatively adjust my thoughts on the shell and the position I own.
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