Most long term posters would know me for my " shell collecting "
This last few months has been tough and I'm getting more and more disillusioned with shells. More to the point, the shells backed, or under the thumb of brokers and corporate advisors, with, it seems the primary driver being cheap&nasty raises incorporating 6% fees and bucket loads of free shares/options.
Time now to rejig the parameters for the hunt. A focus now on shells targeted by one or two dealmakers/entrepreneurs who also move onto the board. A prime example being a bio, NSB. Well worth researching and enough impatient volume at close to cash backing.
Another approach for me now are " shells" with a reasonable project but requiring both cash and a management reboot to get these projects moving, as well as acquisition of nearby ground or genuine exploration prospects....my liking here being CMO...dyor
Off the table, due to the smell, are stocks like MHC....gazillions of shares, cheap, nasty raise with its inherent overhang...it'll be on the watchlist, but in its present form....nah.
Plenty of stocks beaten down to .005 or below, earning a watch to see if genuine gogetters take a shine rather than the outright cash grab of the " advisory's "
