Not a scam. However, this company has been private for several years. I believe they went into BK protection/reorganization in 2004. Around that time they also went private. They had a few hundred million worth of NOLs. Therefore, I believe the NOLs are the reason they did not cancel the common shares of the company. Had they cancelled the common stock, they would have lost the NOLs. However, the company is now private and they are non reporting. HERE IS THE GAMBLE.....what if one day this company, with hundreds of millions in sales (maybe, we don't know exactly what their sales or debt is right now) decides to become fully reporting again? It could very well happen at any time if the company wanted to raise some extra cash. If they are still making hundreds of millions in sales or even tens of millions.....with the current O/S it would be enough to make alot of people who bought at these levels very happy. What was with all the buying this past week? Is something in the works? Could get very interesting here. I'm holding only 20k shares but my small investment could skyrocket if we see this company re-emerge. I bet many would kick themselves and say "that thing traded at pennies forever...now look at it"! I've seen this kinda thing happen before.....sometimes it's the ones you least expect.
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