To be certain, Atwell's a major toolbox!
Five freakin' reverse splits, eh?
With Atwell recently announcing that he held 65% of all shares?!
Folks, there's a SLIM, SLIM chance that the situation may be advantageous for us. Here's the scenario....
About 3 years ago, I observed a recently bankrupted penny pharmaceutical stock (VRMLQ) run from $0.04 to $20.00 over a span of 3-4 weeks. The reason? Probably an FDA approval of one of their drugs but, to be honest, I never did officially write down the reasoning in my brain.
Atwell's got his involvement with that Wienerschnitzel film. The producer of said film wrote it for some huge talent. This talent (so says the producer) once signed & announced will inspire investors to throw boatloads of cash at the film project. Of course, one would have to imagine that the stock of Camelot will be similarly effected.
Best case scenario: It's Will Farrell and Camelot's stock runs from where it is now to $20.00 .....The Market Makers leave it up there for a couple of months (such was the case with VRMLQ) and our "class D preferred convertibles" kick in. Everybody who "lost" holding Camelot in the last 3-4 years realizes they've actually "won".
The stock eventually falls back down to Earth (VRML is now trading around $2.00) while the bulk of Camelot's former investor base become re-energized and decide to get back in again at the bottom.
True, it isn't the millions everybody had hoped for but, at this point, it's the best chance we have.
That said, I see the chances of all this happening at 10%, and I'm being VERY generous with that percentage!!!
