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Re: pepeoil post# 21037

Tuesday, 06/13/2017 8:20:05 PM

Tuesday, June 13, 2017 8:20:05 PM

Post# of 35372
If they own shares in the shell they can reverse merge by selling to another. Since you use the word IF, I will take it all with the benefit of the doubt. Worse case...shareholders get a new entity under this ticker, best case...the owners of the shell and assets can sell them, revoked or not, to a new entity or reverse merge the SHELL.

I own 2 corps and closed one many years ago. That closed one was revoked by the state we were inc'd in. I can say with certainty revocation just means you need to file paperwork, pay any monies owed to the state (taxes, license, sos charges) and they can reinstate. IF they were revoked with a lien, that would be noted.