News Focus
News Focus
Followers 512
Posts 80678
Boards Moderated 13
Alias Born 10/14/2009

Re: moolamoola post# 15355

Tuesday, 01/03/2017 8:28:46 PM

Tuesday, January 03, 2017 8:28:46 PM

Post# of 63188
Indeed. That is another Adam S. Tracy shell hijacking special.

he means something like Tron, that only ran from .0001 to .0055



Problem is these events are cooked up in private, and stock is front loaded. Insiders, affiliates and promoters front load .000 stock, and collectively build a momo event on the new story.

But a legitimate company with this supposed 25 to 50 million in annual revenue should have no problem in going public via a fresh legitimate venue - a Form 10 or S-1 Registration filing with the SEC in most cases, for around 250-300K.

Another advantage in this (usually) legitimate venue to go public is that one knows there are not major skeletons in the closet, i.e. major unpaid debt owed to individuals and businesses by the previous entity that is now assumed by the new entity.

The new entity is liable for skeletons in the closet.


Tracy, already under scrutiny and investigation for potentially fraudulent S-1 filings has gone the route of dormant shell custodianship hijackings registered in Nevada - Dozens of them in 2016 alone.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y