Home > Boards > US OTC > Delisted > National Steel Corp. (fka NSTLQ)

based on what? this company has spun off

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Mr. Bill Member Level  Thursday, 03/04/10 04:29:16 PM
Re: scottieone post# 483
Post # of 528 
based on what? this company has spun off all of it's assets and is a shell - further it has 272M shares out.

Even at .02 cents thats a 5.4M market cap

I tend to like pink sheet companies with a small market cap -

for instance consider WDSL which has a market cap of $1,000

Now if someone told me that would go to $1 or even $100 I might believe them since there are only 201,000 shares out.

for this to go to $1 the company would need to have a market cap of $272,000,000.00

I just dont see that happening even if they come along and do some kind of merger.

Pretty clear DD that the 6K filings were for a different company-

The 2/1 FS for a different company. No BK called off. No big contract.

Just my opinion for what it is worth.

Now, convince me that by June/July this will be at $1.

What will be the catalyst to cause that?


Before you criticize a man, walk a mile in his shoes. That way, if he gets angry, he's a mile away and barefoot.
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