CableClix USA Inc (CCLX)

[Kberge23]

This stock is nothing more than a shell. There's no company actually in place. The stock ticker has been taken over in a custodianship play where a group takes over the ticker, brings the filings and what not up to being current, and then sells the ticker to a company in a reverse merger. Reverse mergers are a cheaper avenue for private companies to go public instead of paying for an IPO. once the reverse merger company is announced, and the ticker symbol is changed to that reverse merger company, with the right news and updates, it can increase in price.

theres more to it but that's the best way i can describe it.

These kind of plays are also good for flipping a stock due to the hype leading up to the court hearing for custodianship, announcement of the reverse merging company, ticker symbol change to the new company, etc... but custodianship plays do tend to rise in price quite a bit over time as long as the reverse merging company does a good job on their end.