The one thing that always struck me as a plus…
Xavier giving up the debt at the magnitude he did. He could have just kept collecting his 6% or whatever it was and keep himself there as a debt collector. Instead he forgave the debt (which was probably used as a writeoff to offset his P and L) and then had the ability to actually turn this into viable company. I’d say the ABA alone is worth Atleast $100mill up to $250mill and they practically own it.
Not to mention the best investments I’ve ever done were types like this that go wayyyy down in price to where it makes no sense and it’s clear some lender or somebody wants cheap shares. If they were true Shit take a look at LUKOIL or Rosneft….that’s what it looks like when there are no buyers at all…. From $50 to $6 bucks with 500bn in assets. (Yes I’ll be waiting for those to trade again….you know those oiligarchs are pissed they went from billionaires to commoners in a matter of 3-4 days). I’m hoping to see this rise before then otherwise I’ll be transferring more money into my 4 accounts just to be able to make the purchases on those Russian companies.
Sorry for the tangent….
But PSRU is holding real assets that have a legitimate value, that can produce and if a company can produce 6mill in revenues with a -somewhat- clean slate….that means we are witnessing a couple MMs and bigger investors collecting shares (possibly even Xavier or PSRU) just to push this higher.
From here it’s just a matter of time and I have plenty of that. I don’t like quick flips as they never have the liquidity to sell and too many bid dumpers. These companies take time to flourish and if I were looking for a buy and hold type company (which very few exist down here in otc), this definitely pops up on radar as a company that could hold a value.
Like I had stated before they have celebrity investors who I know for a fact their attorneys would have told them either “good idea or bad idea” but they all got the OK. That to me is good. Too many people look at pps and chart and judge a book by its cover way too often.
As with all investments, some are more scary than others but what really matters is what’s going on behind the scenes and I’m positive they aren’t here to sell shares just to make ends meet. Waiting and selling is the hardest part of investing in otcs. This is one of few companies that actually has a chance at producing and I could see this going over 10000% like ILUS did. I bought those and held them for a year and 1 month…..0012 was my average….then it shot up to .40cents…..
I wish I would have held more but 4 mill was plenty at the time and that paid off big when the time finally came. You should have seen the posts as they remind me of what’s going on here. Same people posting over and over just to sit there with a catchers mitt stealing shares. They all disappeared until it topped out then they came back just to buy the bounce.
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