SBAT...picked up some more shares.....
Added some more shares of this shell at 23 cents. All things considered (share structure, valuation, ownership, risk/reward, etc.) SBAT continues to be among the most attractive shells in the market, IMO.
As I mentioned in the above post, as long as the Viking/SBAT agreement remains in place in which Viking absorbs all of SBAT's expenses until a change in ownership control, there is a decent chance at making nice money on this shell around this 20-30 cent area.
If RHGP steps up to the plate and does well in the coming weeks/months (as I am anticipating), that is something that could draw some additional attention to the SBAT shell.
