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Re: pennystock_es post# 24681

Friday, 04/26/2019 9:17:29 AM

Friday, April 26, 2019 9:17:29 AM

Post# of 24848
$SCRCQ is starting to get some eyes from the investment community due to a potential reverse merger. Currently the stock is a shell (A Shell Company is a company, other than an asset-backed issuer, with no or nominal operations and either 1) no or nominal assets; 2) assets consisting of cash and cash equivalents; or 3) assets consisting of any amount of cash and cash equivalents and nominal other assets, as defined by Securities Act Rule 405 and Exchange Act Rule 12b-2. SEC reporting companies designate their shell status in their periodic filings).

Example:

A company like $DANR with only a 500M AS and clean is already attracting private companies seeking to go public through a reverse merger. Bitcoin and Cannabis are the hottest sectors now. Private Bitcoin company OKC Holdings Corp, is looking for a vehicle (A Shell) like DANRto go public to avoid going through the complexities and regulatory intricacies of an official IPO.

https://seekingalpha.com/instablog/50056712-underground_stocks/5296762-danr-dana-resources-potential-merger-ahead


A company like $SCRCQ with only a 250M AS and clean is already attracting private companies

https://www.otcmarkets.com/stock/SCRCQ/security