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Re: Joincoinrush post# 145457

Thursday, 03/29/2018 5:10:18 PM

Thursday, March 29, 2018 5:10:18 PM

Post# of 226099
Sounds to me like they made the best decision in this by taking over a shell company. Changing the stripes is much cheaper then getting a new horse and buggy.

It often turns out to be much more expensive, as cleaning up messes can be pricey.

For example, what about the issuance of all that Series C preferred? Was it legal? Will the company be asked about that at some point? Perhaps by FINRA, in connection with the corporate action request for a new name and ticker?

Life as a penny stock is hard. No reason to make it harder by buying or otherwise obtaining control of a dirty shell.