Big Brother
8 years ago
Was strictly an iHub run, the absolute worst kind of runs IMO. Got 'promoted' all over iHub by a couple of enthusiastic shareholders and they flipped for a few bags....nothing new....happens everyday....always has and always will.
I'll wait for it to come down in the .02 -.03 range, grab a few shares, and stash them away for the day an decent merger/acquisition comes, it will happen, it's not a matter if....but... when.
Big Brother
8 years ago
Yep, agree with this 100%. Buying and holding shells can be VERY lucrative, however, it also typically takes time and a hell of a lot of patience, and most iHubbers aren't really known for patience. I like this shell, however, I see no need to slap the ask or hurry to buy shares, as this has no obvious catalyst right now, and too many folks got in cheap.
Now granted once in awhile a shell will move, with no obvious catalyst or go 'to da moon' on nothing more then a iHub pump or fake catalyst (ie see VOXR) but for the most part it's a waiting game......and sometimes a loooong waiting game.
I actually don't buy many shells at all, I'm primarily interested in mergers and acquisitions, but this is one I would buy assuming I could get in at the right price.
I should also add this isn't technically considered a 'shell' but a development stage company, which is essentially the same thing in my personal opinion.
jbaxter
8 years ago
I think you have it right. At the price today, I think it might be fairly valued without news or other events one way or the other. Often I'll pay fair value or a bit above just because of one thing --- if you wait for the event, you won't be able to buy (or sell) the shares once that event is announced.
Question is, when or if there will be such a move is something we can only guess at.
With things bottoming out, I would hope that they would move quickly while there is still blood in the oil patch. I would think that management here realizes that, and I hope they can find good deals, hopefully sooner than any later. Anything that drops from the trees is a gift I think, but I've been wrong before, but I've also had some fantastic home runs too :)
Big Brother
8 years ago
That's one of the problems with this, a lot of folks got dirt cheap shares, so it will take some decent volume to plow through the 'overhang', it's just not worth slapping the ask on this right now.
IMO I think it needs an impending acquisition to bring in bigger volume, it will happen some day, until then probably better off waiting for week hands to bail out, then stash those shares away.