Friday, January 17, 2014 9:17:01 AM
Take a look at this one I ran across the other day for example:
http://www.otcmarkets.com/stock/SGMZ/company-info
Market Value $6,218,755,690 a/o Jan 16, 2014
Shares Outstanding 177,678,734 a/o Nov 07, 2013
Authorized Shares 350,000,000 a/o Apr 18, 2011
Currently trading @ $35 per share, it's insolvent, has $7,500 bucks in cash, it's last Q shows $42K in revs and a net loss of ($282,728).....lol.
So while yes as a shell AZRH was unusually overvalued, however, with this new business direction we don't know what sort of potential it may or may not have. Obviously Paul has friends with deep pockets willing to put quite a lot of $$$'s into this so we got to assume it's either very promising or they know in advance of an impending stock promotion.
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