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Re: joe boccci post# 5851

Saturday, 11/27/2010 3:08:12 AM

Saturday, November 27, 2010 3:08:12 AM

Post# of 7698
I, along with a few others here were in a shell last year, symbol CWDW, now GRMS. The DD we thought on that one was rock solid. Everything we pulled up pointed to www.palmazscientific.com as the company that would be rolled into the shell. It didn't happen.
However, the shell was a clean shell with very little debt and it did eventually do a RM with a Green Energy company.

Very similar scenario here too. Tons of DD. However, just like CWDW, one thing is for certain, we now have a clean shell and it is very ripe for the pickens. A shell with liquidity is a valuable asset to anyone who wants to go public. You factor in no debt, no more legal claims, and a $27 million NOL at someone's disposal, I believe is worth a hell a lot more than .03/share. Just My Opinion.

I love these shells. Many told me this one was dead. It couldn't happen. My DD told me otherwise. Once you stumble across these shells with small OS, you take a position, kick the tires and remain patient. It is best to find these ones that are basically dormant or appear to be dormant because then there is less chance of dilution. Someone will eventually take it over.
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