Health Sciences Group Inc (HESG)

[VeronicaFox]

There are those who look for inactive shells that are no longer keeping their state registrations current and are often "Administratively Dissolved", which is the case regarding HESG. They gain control of these shells by filing as the last controlling interest and then file corporate actions to take control. The next step typically is to enact a P&D in order to dump mega-shares.

There are a multitude of ways to gain control of these shells, believe it or not there are people who do this as a business. Google Robert Stevens, he is the founder of a publicly traded OTC company which also currently has no bid (MEXP/INOH) which HESG was claimed to be associated with. Stevens has a long history of hijacking abandoned shells then selling them to the microcap fraudsters to use for P&D schemes.  The reason why these hijacked shells usually end up in the hands of crooks is because honest people wanting to run a legitimate business look for clean shells to purchase.

That's why I say HESG is ripe for hijacking. Their Last periodic report was 2012, they're Delinquent with the Florida SOS, Administratively Dissolved, No management at the helm.

Hijacking a shell is, of course, illegal.

Here are links to SEC documents about the record-holding 379 shells suspended in one day by the SEC, and another 128 more recently in their "Operation Shell-Expel".

https://www.sec.gov/litigation/suspensions/2012/34-66980-o.pdf

https://www.sec.gov/news/pressrelease/2015-44.html