JAB I'm in the same boat. I got a few dead tickers in my account too.
If your going to play penny stocks, best get used to accumulating a few dead ones.
I did a stupid thing many years ago, Asked Scottrade to remove All mine 'just make them go away' so I don't have to look at them. Nob move!
AFFL is one later in my pot that ran 1,400% out of the blue. I couldn't dump it fast enough. Learned my lesson. Let em sit.
Kudos to you for holding on and diving into the DD before you hit the sell button. I know we saw a lot of that watching a dime fall.
Hopefully soon, we get word of what TGLO is going to be and we all bank off this.
There is absolutely zero reason for Delfin's shares to be sitting in the O/S. They bought this Shell for control.
Those are so gone. I expect to see a major Preferrd share structure created with ultra voting rights.
This will be a 100mm O/S and Float. The market cap will drop by 3/4th and will be viewed as extremely under valued compared to our peers.
Boom!
Name and symbol change have to be in the works as well. House cleaning.
It all starts with the Merger news and the rest will follow fast. All these steps are being set up now.
The merger must pass under many reviews with all the layers above Delfin., You know it is.
It's not just a simple jump. The shell has become a massive asset. No way it's been chunked to the side ignored.
I imagine the teams working on TGLOs next move gets me charged to hold.
The mechanics of the merger is pretty straight forward once they figure out the scope of what's going in and once in, how it effects the layers above.
Fairwood is not just absorbing a $25k shell through Delfin. LOL
It's now real money made on the books. No way they are going to take a tax liability bite on that. Hell no. CPAs have to figure out how to bury all of this. This is why I think they will roll the 300mm into Preferrds and eliminate liquid cash they'd need to report..just my opinion brainstorming.
Fairwood is private, so they have zero accountability to the public. How many layers are in Fairwood anyways. Even Enbridge wants to protect their 5% in that Fairwood layer they own.
To the Merger is part of a monster.
There is no reason this cant run above $3 on the Merger news.
Were one gets his original cash out is on you. My fist sell GTC is in the .90 area, unless it flys, ill cancel that asap and take out even less shares to get my original cash out. That's my game playing penny stocks. I want to ride this stack for years. And yes! FREE! If it dies on the vine, no sweat then. Add the ticker to my dead pile and move on to the next.
Franchise Holding International is my next to add after getting my TGLO original out.
Hope it's Monday! LOL
March 15th is my mental stop. If no word by then? WTF will be on the pop pop platter.
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