shell play, page-5

Aptayl, plenty of folks on HC who like shells. Poke treasurehunter for some ideas- he loves the low market cap shells.

I'm not sure where you get the $2m of value in a shell. One can only really assess a shell as the cash it has at its disposal. So, TDX has around $1m cash, but a $2m market cap. If it wasn't for potential money coming in (and thanks for your posts on the conversations you've had, Aptayl- very helpful), this company would be "valued" at .001.

Check out HTI as an example of a new shell. It has had an MBO (management buyout) proposal, to buy the business underlying the ASX code, for $450,000. The current market cap @ .002 = $950,000. fangulator, HC member, is your expert on that one, if you wanna ask him. He reckons Pato's might be taking on the shell. The share price did fall to .001 on the MBO ANN, but is now back to .002. So, the market says the shell is only worth about $450,000 on its own. Then there is the danger that there is a share consolidation, and we know what usually happens in those. Or a danger that the shell keeper raises @ .001 (this is the risk with TDX also). No money in HTI = shell for $450k. Maybe $2m for TDX as an "empty" is a bit high.