No, I definitely agree with you there with regard to custodian takeovers beginning while in defunct status. That is the early beginning of these sorts of plays. Just as BLLB was begun while in complete dark status.
I was just speaking to the fact that a private company would not seek to merge into a ticker that is not in good standing with the OTC Market. The merging entity pays for the benefit of being merged into a reporting ticker, hence BLLB waiting for Current status, prior to such an announcement.
I too expect some significant price per share growth on an up-list announcement, at minimum just because it would be able to be more widely traded. E-trade alone being switched from sell only to allowing buys would be significant. The addition of expected reverse merger news will be the icing on the cake and from current price points the cumulative follow through should be massive.
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