Wasn't a shell hijacking either. It was a somewhat successful oil field services company, until the oil and gas market collapsed a couple of years ago.
The CEO of the prior company, liquidated the operating entity a cartidge valve manufacturer to pay for it's debt. The public shell remained. The SEC revoked its registration. The CEO (Actually a Good guy) attempted to make things right, and brought that very same public shell back from the dead, and brought in a new company. Restored the registration, and I still had all my shares, and that company actually went form $.05 to over $1.00 with significant revenues for a small company at the height of the oil and gas boom.
For 1 year the stock was revoked and could not trade publicly.
All the original share holders had a great opportunity to profit again. I know cause I was one.
