Clean shells can be expensive, cleaning up a shell can be much less. If the shares can be audited, and all of the BS shares eliminated, this POS could potentially get relisted. Find a real company and real directors, do an S1 and find a MM to file 15c211 info. Why would MM do that? B/c they get paid and then they make money when it trades.
Heck, you might be able to use Reg A+, if the new entity is not disqualified under the “bad actor” rules and, in particular, Rule 262 of Regulation A+.
Here's the key, those shares that were previously trading would immediately be eligible for trading if FINRA issues a new ticker symbol and DTC signs off.
A DTC chill is supposedly the "Kiss of Death", but I had one removed and didn't even use counsel.
Look, all I'm saying is that it might be possible, and if it was, it would be worth it for 100 shareholders to kick in some money.
Expect the worst, hope for the best....
