It's a shell... Custodian (Rhonda) cleans up the shell so a good revenue generating private company will want to buy it to go public. Good clean shells sell for $500K or more.
If want play the shell game, need understand that the current/new retail are taking on risks to be on the bottom floor of a new start up.
Weigh the odds of the RS - if favorable not to RS then buy small position hope no RS, but if RS, buy again after and wait and wait and wait and wait... could be year or more before anyone buys the shell then have the problem will Rhoda keep the filings current prevent going to the grey market...
Risk vs reward is massive with these shells... one-hundred bags not out of the question...
Bradley Hunsacker has so many shares possible could hold this up, doubt it because without Rhonda likely go under anyway... lots of unknowns
no worries and thank you. know one here has the right answer as simply know one has 100% of the facts.
50mm shares is a lot but doing a reverse split or even a stock split has no economic impact on a 50mm shareholder. with that said, the negative implications of rs come in and reduce value as shareholders gets scared and sell.
this is the new otc. old otc rs were done to sell more shares at a higher price and drive it down until dilution has had its full effect. today, as we saw with HRAAD, some reverse splits are good indeed (although HRAAD still has a way to get back to it pre split value, but investors are recognizing it isn't a share selling scheme so they came running back).
