z-one,
Glad to have you here, and thanks for all your positive posts. You are an asset to this board. In the end, time will tell if this is a wise investment. Technical analysis does nothing on these, follow your gut and never bet the farm on any stock. Only invest money you can afford to lose. There is something about shell companies, with advantageous share structures, that have always excited me. There has been discussion and speculation on this board that this shell would be a good candidate for a possible merger. Who knows? Can it take time for the right opportunity to come along and find some nice clean shell with no real issues and do a merger? Yes. Who knows what and if anything is going to happen here, for all we know this could sit idle for years, or maybe they will merge with some new ground breaking technology or maybe a glue factory. Who knows. Rome was not built in a day, so we will just have to sit and wait, thats the plan. Like it or not, that's reality. If the people behind the company ever decide to do something more than it is today then I am sure the wait would be worth it. Just my opinion. I have been in the pennys for 15 years, and have seen alot. Anything is possible.
So.....z-one, to answer you question, is it looking good here? In 2+ months we have gone from $0.09 down to $0.018 on decent volume. According to pinksheets, the OS is a 5,081,120 shares. Um...yea right. OTCBB.com has published that YTD over 4MM shares have traded hands, and when you look at the chart its all been in the past 2 months or so. Obviously the OS is more than what is published on pinksheets. The float #'s ???? So quite honestly, the answer to your question is NO. There obviously is a seller, be it the company, an individual, or someone naked shorting us, I dont know for sure. However, I am quietly waiting here for the right opportunity to average down and will do so as I am able to. I can be a very patient person.
GLTU z-one.
ciao~
mowsmows
