Wednesday, December 15, 2021 6:28:33 PM
I added a little over 42K today, with buys at 12 and 15 cents. Currently holding a 832+K position at an average a little under .0935 per share.
As with most shell investments I make, there is always that lingering thought in the back of my mind that I am not analyzing the situation accurately, or the company will completely undermine the potential here with a badly-structured or lackluster reverse merger.
I've done the best I can on the front end of this investment. Identify what I think is a decent/quality shell with potentially huge upside. Accumulate that shell at a reasonably good valuation (I'm currently averaged in at less than a $1M legacy share valuation). Now it is up to the company to come through with a quality, well-structured reverse merger. And have the market respond favorably to that merger/acquisition.
As with most shell/RM investments, analysis of the shell gets you only so far. Plain, old luck is often needed (and often welcome) to fully maximize the potential of a reverse merger. I have my fingers crossed.
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