DOCU: .25x.31, update...
I spoke to CEO, Bob Schwartz 518-786-7733.
He said they have looked at 75 companies and
to be watching for a PR in the next few weeks
for their decision on a RM candidate.
Of course, there is no guarantee this will
happen.
52W High $ 1.00
52W Low $ 0.16
Shrs Out 4.20 mil
Float 2.70 mil
DOCU - OPTIMAL SHELL COMPANY
====================================
1. Active/Accessible Management.
2. They have $500,000 cash for the company.
3. Low number of outstanding shares.
1. ACTIVE/ACCESSIBLE MANAGEMENT
===============================
It is important to know if management is
actively pursuing a reverse merger. The
CEO, Bob Schwartz, can be contacted at
518-786-7733. I have spoken to him several
times and he returns calls. He was a
director in the company and was chosen to
head up the search for a merger since he is
an investment banker. See his web site:
shggroup.com
They did MRGO that from $3 to $35. He is
reviewing several companies for the reverse
merger. He is getting paid in stock for
his work.
2. THEY HAVE $500,00 CASH FOR THE NEW COMPANY
=============================================
After selling off their previous business,
they distributed all but $500,000. They decided
the cash would be more valuable to the shell
company in finding a suitable reverse merger
candidate. Operating companies are interested
in merging into a shell company so they can
gain access to the equities market and raise
additional capital. I would assume most operating
companies would be very interested in getting
an instant $500,000. This should help DOCU find
a quality reverse merger candidate.
3. LOW NUMBER OF OUTSTANDING SHARES
===================================
DOCU currently has only 4.2mil shares outstanding.
This is considered very low. The public float
appears to be about 2.7mil shares. You will notice
the stock moves on very little volume. Usually, in
a reverse merger, new shares are issued to the new
company. Since DOCU has a relatively low number of
shares outstanding, it is possible that there will
not be a reverse stock split.
NOTE: I own stock in DOCU. This information is based
on my assumptions, SEC reports, news releases, and
discussions with DOCU management. This is not a
recommendation to buy DOCU. Please do your own
DD (Due Diligence).
SEC filings:
freeedgar.com |
