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Re: thoughtprocess post# 145

Friday, 08/29/2003 10:23:54 PM

Friday, August 29, 2003 10:23:54 PM

Post# of 29858
A "shell" is basically a company that was public but in essence out of business. So a company that is private such as Northstar that wants to go public will purchase this "shell" and become public. The shares and the company is restructured and now you have a public company w/o going through a traditional IPO process.

Regarding Sak I was told he was not affiliated with the company.