Buy a boomer social networking site and watch stock value drop 45%

Boomj announced its acquisition today by Time Lending California Inc.

Its shares skyrocketed from 11 cents to a high of 25 cents before tanking at 6 cents by close of market.  Not a great welcome by the OTC BB market.  To be fair, that was all on a volume of less than 40k shares and with just over 22 mil outstanding, it gives it a market cap of about $1.3 mil.

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"The successful completion of the merger, coupled with Time Lending California's common stock listing on the OTC Bulletin Board, is a major milestone in the continued creation of shareholder value," stated George Pursglove, President and Chief Executive Officer of BOOMj.com, Inc.  "The Company's listing on the OTCBB will provide BOOMj with access to capital markets, which will help our company's growth and greatly enhance our visibility and market awareness."

Really?  I'll get my broker right on it.  Wait a sec if I sell a couple thou of GOOG, I could get the whole company.  Then I could fire whoever came up with that silly Generation Jones idea.  But then what would I do after that?  Hmmm I wonder if Jeff Taylor at Eons has the for sale sign out yet?  That would probably take a few more GOOGs.

Nah, I'm sticking to my guns on this niche.