Vision Industries Corp. (fka VIICQ)

[mrfence]

Anything with a ticker registered to trade, trades until it's shutdown by one of a variety of regulating authorities.

It's sometimes cheaper to buy all the paper of a dead shell than it is to form a new one so the legal entity has a value in and of itself. The value varies based on the bylaws of the corp. which determine its usefulness, and how clean the shell is. Complicated stuff!

Beware that this ticker can be halted @ anytime as a result of the BK filing which will likely happen once all the details of the BK are settled. Then if the shell is revived in the future, existing shares would likely be worthless as a new owner would reverse the old positions into a fraction of 1% of all shares in the new issue.

Once in a blue moon, a shell corp. is taken over without an RS, or trading halt but it's usually a clean shell without debt which does not appear to be the case here but there is a slight chance for a rise in the PPS if someone try's to gain controlling interest in the shell.