Premier Investment Properties, Inc (PIPI)

[Cassandra]

Reverse mergers with public non-SEC filers have no requirements whatsoever for either the public or private entity. No corporate or financial disclosures are required -- not even unaudited financial statements.

Private companies choose to do reverse mergers with entities that already have Rule 15c2-11 qualification so they don't have to worry about corporate disclosure or financial statements. No new Form 211 is needed.

This is why it would be stupid for anyone to try to do a RM with PIPI, which lost its Rule 15c2-11 qualification when it was suspended by the SEC.

Other than obtain access to a group of existing shareholders who might naively buy or trade the stock if they thought a real business was going to be inserted (especially if promises were made that a MM would be filing a Form 211), a private company would have no advantage doing an RM with a GM stock. It would still not be eligible for market maker quotations.

I would not be surprised to see Ken or a surrogate insert some private entity into the PIPI shell and try to stimulate volume with promises of moving back to OTC Pink (fka Pink Sheets) in the future.