Sunday, July 22, 2007 11:03:12 PM
Shells are worth approximately $300-700K. We currently have a market cap of about $6M. So we would have to drop to 1/10th or 1/20th of our current levels. Sticking around until that point is entirely worthless as that exactly what your shares would be by then.
Shell plays are legitimate, but only a handful every year really make it big. Usually most do no more that a little pop. Additionally, most companies looking for shells look for very small float shells which this is not. There is no point in buying a shell where all the shares are owned by hundreds of random shareholders. Finally, there are number of other shells available. These are usually preferred to be companies that are being brought out of bankruptcy after laying fallow for 7 years or so for legal reasons. To be a useful shell, all of the filings and finances need to be current. There needs to be no baggage brought along from the previous company, that's why they call it a 'clean' shell. This is trivial with a 7 year bankruptcy re-activation. These are worth something because the clean filings allow these to often be uplisted easily to the OTCBB.
Trying to clean up something like DPBM isn't worth the time. The only time this is done is when a scam corporation moves the shell on to the next scam, usually through a reverse merger. I don't think this is what is going on here, although I guess the next few weeks will be telling.
DPBM's only value is in the wrecks it is sitting on and how they are handled, IMO.
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