Reverse Mergers & Low Float Plays

[NYKnuckleballer]

Interesting. $1M has been pretty much my benchmark on Shell value although lately, finding sub-$1M valuations has become much easier.

Regarding FWFW: If the reverse merger gets officially completed and I am correct in the legacy share count being under 1.6M shares, I think FWFW would have a pretty decent chance of seeing at least $3-5M on those legacy shares. So I am semi-expecting to get at least $2-3 on my position.

That put the entire company at $35M to $50M based on your $2 to $3 estimates. If I was an insider and my position, I'd probably expect for similar returns.

Do you have a rule of thumb about what % of the float not to exceed? I recently noticed I owned about 5% of the float on a low liquidity shell and it made a bit uneasy. If that trade goes sideways, I'm going to get eviscerated on the exit. Lol.