Replies to post #6516 on Blueone Card Inc. (BCRD)

[Value Catalyst]

It could be, but actually that’s a complex question that’ll depend on a number of factors, mainly the merging entity/shell buyer:

If it’s a small time player that wants to pay around $125-150k for control, indeed $TBSS, $CN_HC are next in line most likely.

However, if it’s a quality merging entity they’ll most likely want the cleaner shell with the better SS and will pay $250-300k, as a more legit private company wouldn’t want a subpenny and rather a penny-dollar PPS, in which case it would most likely go to $GR_NL...
$GR_NL has virtually no bad debts (280k), and a squeaky clean history, as far as abandoned she’s go. Whereas $TBSS had like $4mil in debt on books last time they filed. These old liabilities usually never come back to haunt the merging company, but nonetheless it is factored into the shell price and overall assessment.

For these reasons I’m Long both $TBSS and $GR_NL...don’t want all your eggs in one basket! Haha glta!!