… as a sheer speculative play. 3 out of 10 times made huge profits in these sub-pennies when previously burnt wieners stick around and post of bankruptcy with anger denials and absurd messages. Their ignorance and greed keeps the on the sidelines and jump in when it’s too late.
Willing to speculate $5K knowing I may lose some or all of it, but also realizing there’s a chance of turning it into $20K. Since this play is with house money (profits) all I really have to lose is paying less taxes if I’m wrong and more taxes if I’m right.
If this story play develops fundamentally down the road, sky’s is the limit. In 2011 bought a $0.01 risky play, like UBRG; sold it 3 months later at $9.00 plus (it went to $10.25 on a buyout). Is UBRG like that? Don’t know but it could and willing to step up to the plate and take a swing at it.