Appears your patience pays off, Mr. Fink. Who knows where the bottom of $RIBS may be? Incredibly unreasonable in my view, but WTF do I know? Maybe it is wildly overvalued at .053.
I mean, let's consider...
* $RIBS is only an OTC with a 97mm OS & a 25mm float...
* Ben filed the OTCIQ application for $RIBS on June 22 (at least that's when we were notified in his update). That is eight days BEFORE the OTCM "recommended" safe harbor date of June 30...
* Likely a majority of OTCM tickers will drop off the board on September 28 for violating SEC rules re lack of current filings...
* At least for the foreseeable future, likely measured not in months, but in years - there will be an extremely limited, FINITE & POSSIBLY NONREPLENISHABLE number of "Pink Current" tickers usable for R/M's...
Is that it? Did I get it all?
No, not quite yet...
* Only a fraction of these "saved" tickers will have a outstanding share count anywhere South of 3 billion, let alone 1 billion or even 100 million (and don't even get me started on float size)...
So, yeah, I just guess tickers like $RIBS are pretty dime-o-dozen shyt. Jeez, I personally wouldn't be all THAT surprised if pretty soon the market was actually GIVING AWAY free shares of $RIBS. I mean, think of the uses...
* packing material/filler,
* soaking up motor oil,
* kitty litter pan liner,
* car glass cleaning paper for the homeless,
* general litter in "too nice" neighborhoods,
* and so, so much more!
Indeed, it is not beyond the realm of possibility MM's may become so desperate to move such a useless & unwanted stock such as $RIBS that they will begin providing incentives to take the free shares! Don't fear...for this one I will just allow your imagination wander.
So yes, good job Mr. Fink! I would set your buys at .001 and give it a few weeks. Soon, everyone will collectively & completely overlook any & all value in $RIBS. Have faith in your average retail trader!
