Asia Properties Inc (ASPZ)

[Slojab]

You have to feel sorry for William D. McCully.

On August 31, 2021 the Company confirmed that it had purchased a 154-gram gold nugget called ”The Bering Sea Clinker”, The largest such gold nugget ever discovered in the Bering Sea. The Company acquired the record nugget for $30,000 paid via the issuance of 120,000 ASPZ restricted shares ($0.25 per share)

Regardless as to whether the restriction was for 6 months or a year, the guy is seriously under water at a current sp of $.04.

But then, at a price per ounce of $1800 and the clinker being 5.43219 ounces, which equals $9,779, it would seem the clinker was a tad over priced at $30,000.

But those 20,000 shares would still be overpriced even if it had sold for a third less.