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Wednesday, January 26, 2022 8:33:45 AM
Are you aware that this is a shell with a legal liability against it for $605K? Even if you argue that a debt-free OTC Pink shell should be selling for $1M, if you net out the $605K liability you're still looking at this only being worth only about $0.0006. And in reaching this valuation I've ignored that little matter of the super-toxic A-1 preferred shares.
$0.0006 is a LONG way down from here. Maybe it won't drop all that way, or maybe it will overshoot and go even lower. Time will tell. I'm still watching carefully, but I remain on the sidelines.
I am obviously NOT an investment advisor.
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