I 've talked to different persons and all say if it comes to "pokemon" then the craze can last quite a time. Kids are crazy for it.
For my part, I look for weaker deers and such ones whose hype is linear and overseeable.
Especially GRIN with its purported 300k float and a market cap of around $25MM, looks cheap. The only caveat is it is a Canadian stock (I do not have prejudices against Canada, but do definitely not buy Canadian stocks since the rise& fall of Magnex, Livent, TTO, SNM, ...). And GRIN has also a preferred stock out (not much, face value = $1MM but hedges will be laid out...).
300k float would also means that the float turned round approximately 18 times today (based on the half volume, 5.5MM).
And from the last 10-K "Item 3.
Legal Proceedings:
On November 30, 1995, an involuntary petition under Chapter 7
of the United States Bankruptcy Code was filed against Grand US
in the United States Bankruptcy Court for the Southern District of
New York (the "Bankruptcy Proceeding"). On January 4, 1996,
the Court entered an order for relief under Chapter 7 of the United
States Bankruptcy Code and a trustee was appointed to supervise
the liquidation of Grand US. To date, no other proceedings have
occurred in connection with the Bankruptcy. "
The fools put out a piece on it today:
fool.com
And another one:
salon.com |
