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Alias Born | 09/16/2015 |
Friday, March 22, 2024 9:56:45 PM
Sure - it takes 40-50k in attorney and CPA fees and 20k usually for a deal with Glendale to sponsor -211 for the 15c. This company did file so it’s not like the CPA will have years and years and without operation - a merger deal can come in or an existing sub so it can drop shell status.
While I usually share your cautious sentiment - I am following several stocks right now who have accomplished the “next to impossible” already. Don’t be so close minded. The laws just changed in 2021. They didn’t take effect until early 2022. You have to give attorneys, CPA and funders /VC time to put together the package to go current again and get quotations. All in all- it’s still cheaper this way especially if you control debt or the control block- then it would to by an already “healthy trading stock for sale with some structure”.
1- Now why would someone do it? Undoubtably - someone who either owns the control block and/or owns debt in this company. The structure is extremely attractive. They can spend 75k- clean it all up, rub elbows with OTC, and pop it back trading again if they have the right team in place and at least have done filings in past.
Or the Canadians find a way to trade this and we sell out at .50
https://investorshub.advfn.com/$UPER-$TOCKS-DD-and-RESEARCH-FORUM-31721/
ALL POSTS are just opinion! Never BUY/SELL based on them! MUST consult licensed stock broker!
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