Replies to post #8475 on David Lazar's OTC SPAC's/CUSTODIAN Plays

[Hug Life]

Another great benefit to the new rules is that a lot of the bashers will suddenly have nothing to do. If bashers go after the companies with deeper pockets and good council, they could quickly find themselves in significant legal trouble. In my opinion, this will reduce the number of companies that fail due to inacurate sentiment. It could likely also reduce dilution rates as prices will be high enough that fewer shares will be needed to cover convertible loans..

[daman45]

Perhaps....but usually Lazar's plays are all pretty clean. Even some of his less attractive shells end up running and making people money. Like I said....it seems as if under the new rules, finding the custodianship filings early like we usually do, will not benefit us much unless we are able to acquire some on the expert/greys (good luck)......otherwise for most of us the new starting point, of bottom floor for acquiring shares will be when Lazar files the 8K showing himself as custodian and market makers then decide to grant the 18 month shell extension. I think that there will still be money to be made, but I still like the old way better. The same will be true for all reverse merger plays. Many people used to buy a stock on reinstatement.....some waited for filings showing new officers/directors of the company before buying. Now, all of that is out the window. Won't be able to buy until the market maker has enough info to decide it is a shell with credible reverse merger potential.