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Re: RiskyRewards post# 841

Tuesday, 02/13/2018 9:01:49 AM

Tuesday, February 13, 2018 9:01:49 AM

Post# of 4531
A company creates a shell company to go public with, in the hopes of raising capital to continue or build their company further. Acrogent is going to take over Reach by either purchasing them or merging with them, who knows...but Arcogent gets this shell in the deal, which bypasses any time or money it would normally take to create one and go public with it. It can cost $100K or $200K or a ton more, depending on what firm is used to create the shell and what level of public you want to go with, because you can have a shell that doesn't require financial reports or one that does. We hope Arcogent makes a ton of money so the stock price goes up and they post financials to back that up.