I see that the SEC example used specifically relates to fraudsters. Are there any examples of the SEC using the term hijack to refer to a Custodianship/Reinstatement that was was done legitimately, fully aboveboard and totally by the book?
If so, then I will accept the use of the term in that manner.
Otherwise, it is my opinion that the term is being broadly thrown around in a sensationalist manner attempting to lump all all of them under a shadow of illegitimacy just because one doesn't like that they happen and wishes they didn't.
I understand the frustration with the possibility of shady stuff that can occur with a reinstated shell, but that stuff can also quite well happen with a shell bought straight-up, can't it?