DD Support Board and Research Team

[janice shell]

The hijackers often times create convertible debt Notes from the fees associated with gaining control of the shell then use that debt to create tens if not hundreds of millions of unregistered discounted free trading shares of stock. The hijackers or associates of the hijackers will often sucker gullible naive small business owners into using their shells for reverse mergers as a way to raise capital for their struggling businesses then offer to provide the financing and services needed to make the going public process easy. Later those liabilities for the services and the financing are turned into discounted unregistered free trading stock and dumped during pump & dump activity.

Yes. That seems to have been the plan with the GOFF shell. The current action against Tracy in that connection makes that clear. Luckily for Harvey Romanek, the buyer, he evidently realized Tracy was jerking him around, and consulted another attorney.

In these cases, Tracy seems to sell the shell with the promise that the buyer's company will go public through an "APO" (Alternative Public Offering). APOs are supposed to involve financing by an "institutional investor". With GOFF, that was the disreputable Chris Davies.

And I'm sure similar "institutional investments" are planned for other Tracy shells. If any of them comes through, the likely result will be extremely toxic.