Cache Inc (CACH)

[janice shell]

Clean empty shell stocks are super hot right now for reverse mergers.

Actually they're not. The shell peddlers are backing away, not wanting to be stuck with worthless inventory. It still isn't clear what will happen to shells at the end of September. The new rule provides that what would seem to be NEW shells would have 18 months following their initial quotation to find a buyer.

OTC Markets would like to think that means ALL current shell companies, but that does not seem to be what the SEC is saying. And even OTCM says they're still trying to get more specific answers from the SEC about that.

CACH is a delinquent SEC filer. That makes it an undesirable shell.