Corporate Universe Inc (COUV)

[lesgetrich]

This is no different than a group of investors getting together to start a company and each of them putting up several thousand dollars for startup costs. Depending on their contributions they each get several million shares at a very low pps, usually at a fraction of a penny per share. Essentially, that's what happened here. The only difference is that they were starting operations with a shell public company. I would not be surprised if most of these early investors came from Carbon Ion management and were looking for a way to take the company public. In any case, there is no toxic debt here. The shares would have been sold at fair market value at the time.