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Re: Cee-It post# 19039

Friday, 06/09/2006 3:51:40 PM

Friday, June 09, 2006 3:51:40 PM

Post# of 53784
You said that I was "totally naive about the meaning of "shell company."

enlighten us what is your definition

corporations often create "shell" companies with a P&L to have on the ready should they need a vehicle to go public since there needs to be a 3 year P&L before going public. Others create "shell" companies for financial reasons, i.e. last I heard Enron had 800+ of these. You should be able to find these in their 10-K under subsidiaries.

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