Universal Potash Corp. (UPCO)

[No1Uknow]

Usually the merger candidate has been already found by this point, it is just in the hands of the transferring company (usually a lawyer). Where the snags come in is proving all past actions of the shell.

FINRA's job is to protect investors, so the research and verification has to go back over several years... sales of unregistered shares as 144 shares must all be verified. A tactic sometimes used by unscrupulous executives is to issue themselves several million ghost shares and just sit on them until the transfer is complete then out of no where millions of shares hit the market.

Not saying this is the case here, if a transfer of ownership is done properly then the only issue is how long will it take. The main keys I look for are a reputable transferring legal team, which I have not done with this one yet, and the target company that is going public.

Gathering a position at this stage and sitting on it usually pays off.