Nordicus Partners Corp (NORD)

[Potse]

ASNBD($1.40)...accumulated a position.....

Outstanding: 5.7M
Float: 570K

Risk/reward on ASNBD in the $1-1.50 price range looks somewhat interesting to me. I started accumulating a position just prior to the reverse split and continued accumulating following the split. Currently averaged in at slightly over $1.30 per share. The valuation I am paying does concern me, but I'm crossing my fingers quite a bit and taking a chance.

I am only aware of (or familiar with) two other reverse mergers that PacificWave has been involved with (MMND, and the most recent one from about 4 years ago -- RKFL). Following PacificWave's purchase of 75-90+% positions, both of those shells had share structures fairly similar to what post-reverse split ASNBD looks like now. It looks like both of those shells/RMs saw bid prices over $5 at some point.

Just based on a very quick, non-detailed look at those shells it looks like PacificWave was able to complete RM agreements that kept the immediate post-RM share structures relatively low (around 25-35M shares outstanding). In a lot of RM scenarios those share structures could have easily ballooned up to 150+M.

So perhaps that bodes well for this shell.