Replies to post #22574 on Sixty Six Oilfield Services Inc (SSOF)

[wadirum1]

Even if MMHC has maxed out its A/S, the stock is only being valued at $200,000.

That is dirt cheap.

The problem, however, is that we don't have any filings to clarify whether or not Bland has encumbered this shell with a bunch of convertible debt. Nor is it clear whether they are ever planning to do anything with this shell.

Also, there must be a ton of folks hoping to sell their shares at something better than a total loss. This could drop even lower if those folks get restless and try to claw their way out the door.

Still, $200K is not very expensive for a shell.