I dont know if you are wrong or right, but it seems to me that this is a real company with $1.00 per share in cash on its balance sheet and a book value per share of almost $7. Now maybe there is some funny stuff going on but I think its worth a flyer. Lord, at $.50 a share?
Today is its first trades and any funds that owned it HAD to dump because they probably are not allowed by charter to own pink sheet stocks. This could be an interesting opportunity for folks who are not faint of heart.