Finished accumulating a large position in the STJO shell (cost basis under 6.72 cents per share). I was able to establish a pretty nice position at 5 cents last week when the stock moved up to the limited tier and continued to increase my position all the way up to 14.8 cents today.
Before TDA opened up this stock for trading on September 22, I thought it would be a struggle to get any meaningful position under 10 cents or so. Given the kinds of valuations of other shells in the market, I thought shell investors would be all over STJO right out of the gate.
For whatever reason this shell doesn't seem to have attracted much attention yet. I did not find anything that alarmed me in the filings. Although there is not heavy insider ownership here, the outstanding share count at roughly 13.46M is reasonably attractive. STJO's valuation at my cost basis is a little over $900K, and around $2M at the 15-cent level. Risk/reward at these kinds of valuations looks extremely attractive to me.
Market Data 
Markets 
AI
