You can buy a shell for no money down. What they usually do is sell it as an amount payable. The seller retains shares either way (greed). The buyer then gets the shell and pays a promoter with shares to pump it. The seller dumps and makes money, the promoter dumps and makes money and the shell buyer dumps to pay for it. Then they start the cycle again after they exhaust the a/s with a r/s.
Any assets get sold off to a buddy or family member for a ridiculous price and then the shell sits empty until the next buyer. MNTY's all screwed up so it's a worthless shell to anyone and will probably stay that way until dissolved.
Meanwhile, you buy another shell and dump in something tangible (with no real value but a story) and do it all over again before changing business plans to something else.
These guys don't look at it like a scam, they see it as people being dumb and gullible. Kinda like those guys that claimed they had a Bigfoot in a freezer, then said people were stupid to believe them because there's no such thing, lol. They could be pinksheet "ceo's".
The most valuable commodity I know of is information
The most valuable commodity I know of is information
