A buyout announcement came out this morning for COMX to be acquired by Zonal Hospitality Systems for 7.46 GPB = $9.91. Shares are available now under $9 for anyone wanting to play the arb game. I picked up more shares right at market open.
Wednesday, June 13, 2018
There are various shades in the land of dark companies. The brightest have de-registered from the SEC to save money and care enough about their shareholders to continue communication through their own website or otcmarkets.com. Some companies lie in grayish middle ground where they will release info to shareholders only when asked. The darkest of the dark don't care about the stock price or wellbeing of any shareholder. They hide in the shadows and communicate nothing.
Still I hold shares and think the stock is likely cheap. They recently put out the first press release in years. They have redone their website. As you can imagine the stock has dropped into the toilet and Jerry could care less. I think the market cap is about a half million and I'd wager revenue is way higher than that. This one is a gamble.