High Arctic Overseas Holdings Corp V.HOH

Is the bottom about to fall out.

[blackwolf25]

The buyers have disappeared.

[lngisforme]

Take an illiquid stock.  Split it into two smaller illiquid companies.  Reduce shares then by 75% in each company.  Wild price swings are the norm in that scenario!!!

[Stonksonlyup90]

Illiquidity works in both directions. The company is trading below working capital valuation and sitting on a massive cash hoard. Can you imagine how hard this is going to rip if their Business Development team can actually get to work and secure a contract/additional work!

[blackwolf25]

I have been told, sell on the way up, and this isn't that. So holding and enjoying a big bag of popcorn.

[BigWillie]

percentage-wise, volume was massive, compared to thinly traded original HWO, and HoH is holding pretty good ground. But I think, we will see much lower share prices as patience wears off. See you all at below 1$. 

[colourama]

Agree that investors will start to lose patience in the absence of any developments. But I don't see it trading (much) below cash levels. It's a not direct comparison, but HOH has perhaps similar themes to another company with quite some history: Questor Technology. For the sake of comparison, Questor has (1) non-trivial cash balance (but decreasing) (2)  financials which I would

[Stonksonlyup90]

I would never in a million years have expected HOH (PNG operations) to be compared to Questor Tech. $QST is a dumpster fire with constant management/executive turnover over the last 5 years (no one can work with Audrey). Multiple lawsuits ongoing over the years & CEO at QST continuously granting herself shares despite poor performance.  HOH (PNG) on the other hand has been a cash flow

[colourama]

Stonks - perhaps I'm way off base, but my point was a dumpster fire like QST trades at 1.4x working capital - why not HOH?

[Stonksonlyup90]

I think that it's a lack of promotion/institutional awareness for $HOH. I suspect that will change (might take awhile). Certainly some contract announcements would help!