Bandera Gold Ltd (fka BGL)

[ToucanYoucan]

bgl - The shell is not worthless. However, if you want a company that files with the SEC (United States).....and if you want a company that uses U.S. Generally Accepted Accounting Principles.........bgl is not for you.
bgl is a Canadian company. Not a U.S. company. Therefore, nobody interested in operating as a U.S. company would have any interest in doing a reverse merger in Canada. Furthermore, an article that I posted here shows how much harder the Canadian authorities come down on shell companies (as opposed to the U.S.). More hoops to jump through, lots of liabilities on the Balance Sheet, crumby stock structure and operating as a Canadian company all make this a lousy shell.
And, I didn't even factor in the legal problems bgl may encounter. MSJ/SRGE could sue them for damages for bringing up a frivolous case in Mexico.
In conclusion, bgl does have value as a shell. But not very much value.