Sprott Physical Silver Trust - PSLV $26.94 oz. 2/1/21
The IPO market slammed shut in the first part of 2020 as pandemic uncertainty set in, only to open up with gusto in 2H even as risks around the virus and its economic impact remained high. This surprising strength following years of tepid IPO markets, as well as lofty valuations for newly public companies, have led to fears of an IPO “bubble”, especially in tech. Adding to these concerns has been a surge in IPOs via Special Purpose Acquisition Companies (SPACs)—
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- CHIT -
When a company files a Form 15g (filed 2/06/20) is simply to terminate any future filings of the old entity.
This is done because of one reason. The company does not have a business model and pretty much a shell, more importantly, the cost to continue filing under the old firm is no longer required and now has actively become a dormant entity.
With that said, Form 15g (filed 2/06/20) is an indication that they may be looking into a R/M.
Now this point in time, it is a wait and see, but there is some movement with weekly volume appears to be picking up. The price is still around .0002 makes this shell a very much an
attraction for a merger.
The share structure is absolutely a solid indication that this shell is
worth well beyond letting go in default, so the 15g was filed taking out the old and setting this shell possibly through a R/M into a new entity.
Here again, this is currently going to be a issue that may test your
patience since these issues currently is absolutely a unknown entity when this filing has been made and volume will continue to flounder in this area. Having always been very partial to getting into a superb shell with SS this low and I mean this is a perfect setup for a R/M, but patience is key and the filing coming in 2/06/20 may be an indication that 2021 may be the comeback.
What we have here is a shell that is worth $375K and valued as such. I
don't see this trading range moving above .0002 or really going much lower. My belief is that this shell is extremely valuable and as we speak, being peddled as such.
So now this has become a silent period until the next announcement from the company through NEW filings to give direction where they want to take this.
I am betting on a new direction through a R/M. When? That is where we are now.
Due Diligence is the waiting period. Never invest what you can't afford.
Shells are extremely unpredictable.
Disclaimer: Stockmarketquarter has not received any sort of monies or compensation or stock offers to profile CHIT Stockmarketquarter has bought a position without restrictions and can buy or sell at it's discretion .
Full Disclaimer below
There has been much talk about silver and it's current price. Silver has been beaten down for the last few years and many feel that 2019 may very well be the year for Silver's comeback.
Now that is fine, but I like silver as a Asset Value addition to my overall portfolio and a great place to start your long-term Investment is ' Sprott Physical Silver Trust' - PSLV -
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