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Shell company
A shell company is a company that exists but does not actually do any business or have any assets. The most interesting type of shell company (to investors) is one that has a listing. This is a listed shell, and is almost always what is meant by a reference to a shell in an investment context.
Given that it takes time and money to obtain a listing, a listed shell has significant value even if it does not have any assets. Listed shells are therefore often the targets of reverse takeovers.
A listed shell company must have had an active business in the past, or it could not have met the requirements for a listing. Exchanges often take a dim view of shell companies (and even cash shells) and may make it difficult for their listings to be maintained indefinitely without acquiring some real business
A shell company can also mean a company that has never had a business (and certainly not a listing). In this context it often means what is also called a shelf company. These are incorporated purely to sell off-the-shelf. This offers a convenient alternative to setting up a company from scratch (the name of the company can be changed, new directors appointed, and possibly shares issued).
If a shell company in this sense has no active business, and has been in that state for some time, it is likely to be considered dormant and may be exempt from many reporting requirements.
Finally, the phrase is also used to describe companies that exist merely as a front for a person or organisation that wishes to hide its identity.
Shells can be bought and a company integrated into it.
It's been done many times and quite a few shells have gone into the dollars
A lot of Canadians by US stocks because they are cheaper. Many have US accounts and buy on the US side so we don't have to do money conversions which are costly.
One more thing that's bad about a reverse split. Look at NBG after it did their reverse split. The reverse split made NBG a $10 stock and then a little while later it was down to one dollar and change. That is why the stock is not moving as people don't want to into a stock and then have a haircut of 80%
A reverse split will happen....when nobody knows.
You can't have the billions of shares out.that albky has because he shareprice will never raise enough to have institutions by in. Institutions can't buy into a stock until the share prices is at $5. Thus at some point a reverse split will happen to get the share-price over $5 so that institutions can buy in
Laugh out loud...
THIS IS JUST ANOTHER HYPED UP POS STOCK
I've never seen so many people posting on a stock that has no bid.
Obviously something big is going to happen soon :)
Look at Yahoo!'s two-year chart. I have a brokerage account and saw the five-year chart on there.
It is a bit difficult to find a five-year chart on this.
I looked at the five-year chart many times.
Between 2009 and 2012 the stock was . $.40 or above
they are real ..just look at the five-year chart.
The stock was $.50 last year and $1.75 two years ago
The stock was $.50 last year and $1.75 two years ago....
Now we have a new CEO on board...
New beginnings here.
Joseph Thornburg, the Chief Executive Officer, Secretary and sole Director of Union Equity, stated, "It is my intent at this time to take a moment to formally introduce myself to all of our shareholders and explain our plans for the future for building a profitable organization and an even stronger business relationship with you. As the new CEO, it is my responsibility to do what's in the best interest of the company and our shareholders. In doing so, I have engaged a new law firm and a consulting firm to bring the company back to 'Current Status' with up-to-date filings and ongoing shareholder updates. I look forward to the great accomplishments of the New Year with my legal and consulting team at my side. The company will be making announcements with formal introductions of the new team in the upcoming weeks."
Lots of people in the know here...UNQT on the top of the IHUB board
I'm in for 6 million.... let the new year bring in all the news and thus all the joy
30 minutes before the end of the trading this will shoot straight up like it's done the last couple of days
This is like a sport. People on the sidelines are feeling out the price. Eventually the herd will come in when they see that the PPS stays strong at some level
A billionaire fund owns 21 million shares at .20 (20 cents).
This may be the reason why CEO does not want to dilute.
Some of you are asking where are they getting money to support distribution and awareness of the product ...Look no further then the billionaire fund....
Congratulations for those of you who persevered through the hard times.
I think I was the first one to purchase at .02 today. We have a huge contract and more will be coming
for this award winning brand.
this company has had a net profit for 3 straight quarters and this my friend is real profit
What I was referring to was an update on how they were doing this quarter. If the update is the same as last quarter we should see something between December 23 and 31..... and I bet we are going to have our fourth profitable quarter in a row
Update on the third quarter came October 23..... we will get an update on the fourth quarter around the 23rd of December also.... just days away and we will see movement in the pps starting the end of next week
That's good because if we get a bit of good news those 200 million bidders will start hitting the ask big-time
Watch out because this is being pumped... Could see a 75% decline in hours
Next quarter is going to be profitable also and you will see a nice rise.You can't keep having profitable quarters and have the PPS that we have. If we were audited the stock would be at $.10.... the stock is extremely ridiculously undervalued... there are stocks in the dollar range that haven't even seen one profitable quarter.
We will have four profitable quarters in a row in eight weeks time
Is the correct symbol Htfbs .... I can't seem to find this
This could open at 2:50 on Monday.... we could be looking at $10 after launch and Japan.... Earnings and contracts the sky is the limit
People in the states can still buy this today on the Canadian side....DSY
Yes but this is another Google like stock.... so my 5000 shares are going to be worth a ton someday :)
40 minutes left to get in before next week
Bought in this morning on the Canadian side....
Today is a view of what's going to happen next week but on a much bigger scale
I'm in... there's no way I'm missing this volcano for a few cents
Last day of the month..... hedge funds and naked shorts will raise havoc on the pps today.
Get ready for a 1.90 day
Price per share has to be above $2 for 90 consecutive trading days before being able to uplist to major exchange..... so if the price were two dollars a share today it would take four months from this date to go into a major exchange.... we have a long ways to go
Has the market already priced in the launch of G2 ? If it has then the launch will not move the pps.
My next question is ...when G2 is launched how long will it take for any profits to be made ..... and how long are shareholders willing to wait for those profits that will eventually move the pps (either up or down depending on the revenues)
Steve has lied about the launch date many times before. Why do you all think this time is going to be different
There is a lot of municipalization in stocks. There is a reason why we have not launched yet. I think by not launching the company is helping the short sellers bring the pps down so that company officials can buy the stock cheaper. Thus management and the short sellers both win. When the short sellers are happy with their gains they get out and buy the stock along with management.. I think we may see a PPS of 1.50 before anything good happens for the retail investor.
If we can get any type of net income from this Q ....added with the very good news over the weekend this is going to fly
This has better net revenue than a $2 stock I'm following....
There's how many stocks in this world..... hundreds of thousands and ptah is not in the radar..... this is why it is so low..... audited, this would be $.05-$.10 and we would be millionaires..... so, come on management put proof of those numbers out there
Judging by the messages it doesn't seem anyone's all that happy with the outcome today.
There's going to be bleeding this week and possibly next in the pps..... so if you have extra cash you know where to put it
Released in the coming weeks. Weeks could mean months.....
Another delay which we don't need at this time...