RE:Who is Still Buying Poseidon Shares?alkhor wrote: 111.600 shares have traded hands today on the American OTC floor today, up from the average of 25,903/day. Price was US$ 0.0015 so the total value was only $167.
I'm just curious as to why somebody is still buying these shares. The company has no assets and no employees except any involved in the CCAA process. Most the executive should be in gaol but chances are they will get away with the spoils of their actions. The company may have tax loses which may be used by another company but only if they take over the company in a way that Revenue Canada will allow it, similar to the way shell of Oilexco was purchased for $0.02 / share after a 10:1 consolidation.
Someone is planning on cashing in from the settlement.