Certainly hope that the controlling shareholder Newcastle doesn't wait a couple of years to find a potential acquisition for NCEH like the management of FAIM did. And then to have them pay what seems to be retail plus for an acquisition. Will be int. what develops.
Hey Riley, How do you go about finding these shells that might turn out to be good plays? I have known about this one for long time, since before it was a shell and knew they were going to try to do something with the big tax loss. Since the lawsuit is over I am hoping for something good to happen at some point. I saw the EXEG.ob take off, that was good find. Hope this one does that good.
There are a lot of them out there and I also would like to know or have a better system to find the ones that perform that well myself, I certainly haven't in most cases in the past. I guess when certain people are allied with them with various SEC filings then the chances improve considerably if they have previous good records in their holdings. Sounds simple but a lot of work researching.