NF*EI is yet another one that left shareholders in the lurch. There are many out there man.
No rev startups are buying out some of these shells because the market is now saturated with them. It's all supply and demand. It's just an opportunity for some sleezebag to start diluting and making money.
8 Mile Larry may have a real vision for a new startup. But hey, it's basically worthless until it generates revenue. But I'm sure it will still trade on the OTC for a while. So, I guess it won't be completely worthless.