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navyvet

07/14/21 10:51 AM

#192103 RE: phantom1 #192102

I do not have the answer to that one. I would expect nobody involved with this had any history with EESO back in the day. It would draw too much attention I'd think, especially if they were complacent in everything that occurred back then.

If anything I believe it was genius to pick this shell. I mean think about, it has a history of going from 000X to penny land. I've seen multiple times on here or StockTwits how people mentioned it has a history of taking off. That adds to the lore and FOMO factor people would have about it taking off again.
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wEaReLeGiOn

07/15/21 11:59 AM

#192105 RE: phantom1 #192102

A grey market shell is worthless. It's like buying a used car that's worth $2000 on the open market, once $3000 worth of repairs are completed.

A RM OTC shell that is current, depending upon liabilities incurred are selling for 50 or $60k. A clean OTC shell, upwards of $150k.

Now for about $1000 or less, someone can open a US llc, spend $150 for licensing through the state SOS, and throw out a news release about their intent to reverse merge a company into the worthless shell.

I suspect some idiots with a bunch of worthless EESO shares are behind this so-called marketing company RM that will never happen; but they were able to get the gullible to "average down" to their own peril.

This is a very common occurrence. Will they get caught is the only question, since the "average down" crowd looks to be thinning.

Exposing more capital to risk on a Grey Market scam is stoopid.

Full stop