Replies to post #4979 on OTC IPOs, Mergers & Other Material Events

[Big Brother]

Looks like Borisi only holds 54% of the o/s (3.2M shares), so floats probably 2.7M but that's not always a 100% accurate way of calculating the float though.

[Big Brother]

Does look quite similar to those foreign CSTI shells but those rarely ever many to buy early on, usually like 2500 or less and the tickers moved quickly in small increments....they all traded similarly.....the trading on this one looks a bit different to me but I'm sure the ultimate outcome will be the same.....reverse merger (w/ possible promo).

[Big Brother]

Seed investors paid .10 and already trying to sell @ .11 two months into it starting to trade, that's crazy, you don't see that very often. It could be they just keep lowering the ASK trying to get volume.....but the price is not the problem, it's already dirt cheap. In fact, I'd say its one of the cheapest new issues I've ever seen, or can recall off the top of my head, with that kind of share structure in several years.

I don't know what to make of it, its not good though, I would not say its the biggest turd of 2022 yet, that illustrious title goes to ACUT and SVMB....lol....but it's close. Has to be at least one good run there I'd think but I sure as in hell would not want to be holding a year from now, if it's already looking like shite.