Zen lunatic420...difficult to accumulate.....
"That's been me on the 0.031 for the past couple of months. I've been sitting on this bid for about two months now....and have only gotten about 12k filled. These shares seam to be held real tight. If/when something is announced here, this thing could spring up by multiples with a few buys."
This stock does seem to be held much more tightly than a person might expect. When I first started looking at DPRI last year, I figured with the uncertainty surrounding the change in control and after basically years of lackluster stock performance there would be some retail investors willing to let go of some sizable blocks. But it didn't take too long after I started to buy that I realized accumulating a position in DPRI might be a little more difficult than I anticipated.
I think all of my buy orders were placed at the then ask price(s) of 2-3 cents, and outside of a 63k block I pretty much had to settle for blocks under 10k.
With the usual caveats (unexpectedly high/negative pre-merger dilution, badly structured or incredibly boring merger/acquisition, etc., etc.), my gut feeling is that buys around this price area have a decent chance of seeing some pretty nice gains. Personally, I think minimum prices in the .20s are doable.
Currently accumulating (or perhaps I should say "trying to accumulate") some more shells that look particularly attractive. The economic downturn has definitely had an impact on the shell market and companies willing to go public, but my hunch is that taking a "contrarian" viewpoint and picking up some shells at this time might pay off nicely down the road.
There are a couple that look like "speculative no-brainers" to me (extremely attractive share structures, valuation, interesting ownership, basically no significant following/buzz from IHUB members, etc.) and I figure if I keep buying some of these "value" shells eventually a few of them will produce some major gains. Will probably post about them on their respective boards if I get the positions I want.
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