boneyard specials, page-798

Personally I find it's hard to lose on cashed up shells if you buy low and are happy waiting for long periods of time, could be years.

As for comparing them I look at the T20, who's in there. Who's putting money on the line. So right now I hold GLA, RAS and ZMI. Looking at them from an EV perspective RAS and GLA look better but personally I prefer ZMI.

Steinepries never loses money. I follow him around. So for me ZMI is very intriguing with him just becoming a substantial holder in a shell with only $400k cash. He isn't investing in something that is about to go broke. I would expect him or a family member to appear on the board and then at some point there will be a vend. Are you happy holding for 2 years though?

I like a T20 that hold a significant percentage of shares also, they tend to run easier. Also like to see incentives for directors at many multiples of the current share price. They aren't getting their bonus shares until you're many bags up. Their pushing for that price, working for you at that stage.

LSA was my favorite shell. I was buying that for the T20 when it was worth $7m MC.