Going NowhereI feel sorry for the Royalty Holders for receiving cheap worthless shares each year in lieu of the $100,000 cash. I don't think they expected the Company to remain dormant for so many years.
I also feel sorry for the suckers who own this stock. I am amazed there are investors bidding. Why would anybody buy this stock. How many years has it been now and no sign of life going forward. I guess one day they will do something but who knows when. In the meantime the insiders are happy collecting their 8.5% interest on their depentures.