Aurora Acquisition Corp (AURC)

[ekythump]

Whatever company Aurus used to be is irrelevant. More so than you would think.

If you go to the Monimplex (spelling?) website they explain how Aurus/Nord came about.

One of the only legal ways to have a Russian company publicly traded in the U.S. is to have it do a reverse merger with another company, already incorporated here (or Canada, for that matter).

The management team of Aurus/Nord tried their luck with certain unsuccessful companies before they realized that they could make tons of money by using their current companies as "shells" for Russian companies wishing to raise capital and trade in North America.

Their business is not oil, or gold. It is making these Russian companies successful. They are paid in stock, so the better the Russians do, the better Parkin and company do.

Although it appears that Parkin/Makarov own these assets, they really only own their shares, and are promoting the companies to American investors.

As you can read on the Monimplex website, they are only looking for very large companies to bring public--ones with many many millions of revenue, but little current finance methods.

I stopped watching the ticker after I understood this. Coupled with Parkin's projected "finale", this stock gets me very excited.