ATLJ was the first penny stock I bought. Didn't buy any after this train wreck. Jumped in after reading about Azerbaijan news. I was researching the oil industry at the time (2007) and knew the region (Caspian Basin) was experiencing strong growth. Didn't know at the time about shells, reverse megers and hijacking. Owning ATLJ has me learning all these issues. Still confused about some things so I guess we'll have to see how it plays out. I wouldn't buy anymore. There's 4.21 million shares in play already on this end. The only other comapny I've been watching lately is MAL.TO. Might have 7 months retro unemployment bennies soon assuming I win appeal. MAL is a deep cyclical so I'm watching mid-east events. It's off it's highs. Could go much lower if the situation in the mid-east deteriorate. Might be a good entry point after pull-back. That's only my opinion and don't recommend any actions. Just something to watch. I found latest insight from EIA's "This Week in Petroleum" page was informative.
IMO anything looks risky right now. Wondering how it works if a legit company buys into a shell with the same name as an exsisting Company? Thats' assuming the other Asia Telecom in the website posted is a real comapny.
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