posted
Which play and who is TGL? Sorry for the one word response. I fell asleep on my keyboard while I was writing my question/response. Neighbors dog was barking last night...
Posts: 949 | From: Little Rock, AR | Registered: Dec 2005
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posted
Yeah, I was doing some DD on that. I couldn't figure out why there's no bid/ask history.
It's an old shell company that was either suspended or 'frozen' for several years and reinstated within the last 3 years. The CEO has a history with shells, so that's a good thing.
The o/s is super low too.
The BOD is pretty eclectic. The VP is a realtor and the secretary is a car wash owner/music afficinado.
Have calls/e-mails to T/A and BOD members. If I find something, I'll 'holla'.
Posts: 949 | From: Little Rock, AR | Registered: Dec 2005
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posted
T/A said that they are "Out of certificates" for last 2 years- and have had no transactions with the company since 2/06.
The woman I spoke to (very nice btw) said (parapharased) "Well, I guess we're technically still the transfer agent for the company, but since they haven't asked us to do anything for them in a while, I can't tell you very much."
more later...
Posts: 949 | From: Little Rock, AR | Registered: Dec 2005
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posted
Spoke to CEO- long story short- you won't be able to buy until after the r/s happens. He's trying to reduce the potential for manipulation. After the r/s and r/m happens, he has a couple of MMs ready to start trading this sucker.
He was also a nice guy...
I like nice .
Posts: 949 | From: Little Rock, AR | Registered: Dec 2005
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quote:Originally posted by T e x: thanks for the update...
what's the deal, though? It's not trading at all?
Nope.
I'm not sure how they did it, but by getting an "Out of Certificates" status, they effectively shut down trading. CEO said they did it to get rid of speculators (guys like me who throw a few bones at a clean, low float shell hoping it goes LFZA/USSE on em), because they're a pain in the ass when you try and R/M, in his opinion.
Once the r/m and r/s happen, he'll file the necessary paperwork and they'll resume trading. CEO said he has a couple MMS on board,
He did the same thing with WCSC a few months ago. It's a VERY clean shell, with no excessive debt. So this homeboy goes out of the geek play realm and into the speculative realm. Check out WCSC- .40 to $5.00. Not too shabby- although it is thinly traded.
Posts: 949 | From: Little Rock, AR | Registered: Dec 2005
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