Tautachrome Inc (TTCM)

[Grand]

The reverse merger - A "reverse merger" is a method by which a private company goes public by merging into a company that is already publicly traded. The publicly traded corporation is called a "shell" since all that exists of the original company is its corporate shell structure with no operations. The private company obtains the majority of the public company’s issued and outstanding shares (usually 90%) and will usually change the name of the public corporation to its own name. The new merged entity will then appoint and elect its own management and Board of Directors. By merging into such an entity, a private company becomes public. The cost of purchasing a public shell is from $250,000 and up. A disadvantage of this method is its costliness, hidden liabilities that may be there and not having any prior relationship with any of the shareholders in the “public float”. These shareholders could start unloading their stock into the market once they see the stock trading again

RDSH http://www.expressipo.com/faqs.html