To accomplish a reverse merger, the private operating company must first seek to identify a shell company. To avoid entangling itself in any hidden liabilities, the ideal shell company will be one that has never had an operating business, has been dormant for a long time, or has been through a bankruptcy and had its liabilities discharged.
FRTL Bankruptcy Case Discharged since 2006 : Company Notes * Note=3-03 Company filed petition under Chapter 7 of the Federal Bankruptcy Code in the U.S. Bankruptcy Court for the Northern District of California. Chapter 7 case closed, effective 3-17-06
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