Looks like I may standing alone on FASC. Yet am proceeding with:
Stage 1: Placing a bunch of GTC orders from .023 up to .027.
Stage 2: waiting for up to 2 weeks from this Friday for a news release
Stage 3: Sell into a news release and cash out--hopefully for a minimum double, but hopefully a triple or better this time.
Stage 4: Stand on sidelines with other investments--particularly TDYH, IDCO--and possibly UNB.v and GDTI if they have not already taken off on me.
Stage 5 - Watch for bargain basement prices on FASC after an expected 10 for 1 reverse split. Agree Doubloon--way too many shares and KDS is not working particularly well. But, think the transition is coming. Thus first a trader and later--a long term investor.
So many "ifs" and "buts" here that it looks like I might be licking my wounds. Still, see a win/win situation if I get FASC at these prices. Preserve my cpital and likely pick up a 20 to 25% profit if no news release. If news release, can do as well as with GDTi , UNB.v etc.
Complicated strategy, but have placed first orders for 130,000 shares at .027 and have back up (saved) orders down as low as the .023 level that would bring me to 550,000 shares if we have a seasonal drop in next week or so to these levels.
FASC and IDCO are my two really long term potential holds. Need to create more capital so I can acquire meaningful quantites. Waitedg
