InvestorsHub Logo
Followers 12
Posts 3342
Boards Moderated 0
Alias Born 02/11/2005

Re: tdbowieknife post# 79856

Thursday, 02/18/2016 4:59:21 PM

Thursday, February 18, 2016 4:59:21 PM

Post# of 79920
You don't know that. It might be possible, and if it was, it might be worth it to do so. Dirty shells get cleaned up. The biggest reason they usually do not is b/c there are often millions in liabilities on the books. If PBLS has zero liabilities, it comes down to the following:
Can shares be audited? Not sure, would have to find out from Transfer Agent.
Can new company that is put into the shell be audited? If not, you find a company that can be.
Can you find a MM. You can, if you pay them.
FINRA/SEC should not be an issue if the new entity is legit and is not associated with 'bad actors'.
DTC signs off: This one is the trickiest, but if there isn't a chill or lock on it now, that makes it easier.

I know it can be done with a de-registered shell. It's been done before and I'm working on cleaning up one now.

If this thing is still hanging around in the fall, I'll have time to look into it.

Expect the worst, hope for the best....

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.