Shell Stocks & Reverse Mergers

[jwkinche]

Again, you're not distinguishing between filing for dissolution and going through liquidation or bankruptcy. The latter two could be shell companies. The issue with filing for dissolution is you can no longer take corporate actions, which means by default they can't have a RM. Now if they were reinstated then you have something, but then it's a reinstatement play. There's a reason you never see "Dissolution Plays"... as long as they are dissolved they are nothing and can't do anything. This particular play went from Revoked... to reinstatement... to dissolved. The reinstatement was required in order to dissolve, and if you knew anything about the process you'd understand why this wasn't a RM after filing for dissolution.

It's very sad to see someone who plays these so often and yet never learns anything. Maybe on your next "dissolution play", lol.